Việt Nam News

Standard Chartered Bank Vietnam on Wednesday hosted its inaugural Treasury Leadership Forum in Việt Nam, focusing on digital trends in Việt Nam and the ASEAN region that have a significant impact on treasury management.

A major contributor, according to a spokesperson from the VFA, is how exporters leave themselves vulnerable to price fluctuations. Many exporters choose to sign contracts with foreign buyers first and look for supply later. Once prices surge in the domestic market, they either have to negotiate or accept the losses.

The increase in provision costs of banks in recent quarters was forecast previously as the sharp increase in bad debt of firms, especially in the real estate and export sectors.

To support businesses in promoting trade and effectively exploiting the UK-Việt Nam Free Trade Agreement (UKVFTA), the Việt Nam Trade Office in the UK has been building networks with the British business community and Vietnamese businesses in the UK so that it could introduce partners for Vietnamese businesses.

Shares continued their growth on Thursday but were restrained by slumps from many large companies.

The forum aimed to provide information on Việt Nam's commitments regarding SPS measures in the UKVFTA. It also addressed concerns from management agencies, businesses, cooperatives, and farmers in the Mekong Delta provinces of Bến Tre, Vĩnh Long, Hậu Giang, and Cần Thơ during the production, processing, and implementation of SPS commitments in the trade of agricultural products.

Unilever Vietnam has reaffirmed its commitment to climate action by building a carbon net-zero value chain by 2039. This commitment aligns with the global push towards sustainability and the need to address climate change.

The implementation of ESG (Environmental-Social-Governance) standards is to play a key part in Việt Nam's objective of net-zero carbon emission by 2050 and the country's sustainable socioeconomic development, heard participants at a seminar, themed: We walk the talk, on Thursday in Hà Nội.

The Mekong Connect 2023 forum will be held in HCM City on November 15 and 16 to discuss measures to promote consumption of Vietnamese products and linkages between HCM City and the Mekong Delta.

A delegation of 20 American businesses had an exchange session with 130 businesses in HCM City.

The seminar was held in two sessions, focusing on difficulties and challenges in the implementation of ESG in Việt Nam, as well as international experiences and recommendations to help the government and businesses adopt the standards.

ESG (Environment – Society – Governance) are set of criteria to measure sustainable development and enterprises’ effects on the community, which has been more and more popular among Vietnamese enterprises. However, the path to global ESG criteria is rather challenging to Vietnamese enterprises. They need more proper thinking, operating as well as support from concerned agencies.

The plaintiff requested the DOC to initiate an anti-subsidy investigation on both frozen and fresh shrimp from Việt Nam and alleged that subsidy for fresh shrimp suppliers are considered as subsidy for frozen shrimp producers and exporters as fresh raw shrimp accounts for a large proportion of up to 95 per cent of the value of frozen warmwater shrimp of Việt Nam.

The 16th International Processing, Packaging Exhibition for Vietnam opened in HCM City on Wednesday to showcase the latest machinery, equipment, and technologies.

However, foreign investors were net sellers on the market despite the sharp gains in shares.

The presence of these stocks in investment portfolios of foreign funds is becoming increasing evident recently.

Nguyễn Anh Dương, director of the Department for General Economic Issues and Integration Studies, talks with Việt Nam News reporter about impacts of businesses' ESG practices on the process of the country's circular economy development and what circular economy policies mean to ESG practices.

ESG has become mainstream in Việt Nam in recent years, driven by the Vietnamese Government’s strong signal to promote ESG – related practices, especially with a strong commitment on the transition to a carbon neutral economy by 2050 at the 2021 United Nations Climate Change Conference (COP26), coupled with investors’ growing demand for sustainable development.