Firms given recommendations to develop sustainably, realise dual goals
A webinar themed “Sustainable Businesses Implement Dual Goals” was held on September 9 as part of the 8th Vietnam Corporate Sustainability Forum (VCSF).
Hanoi (VNA) – A webinarthemed “Sustainable Businesses Implement Dual Goals” was held on September 9 as part of the 8th Vietnam CorporateSustainability Forum (VCSF).
To adapt to and overcome theCOVID-19 pandemic, aside from the Government’s support, each enterprise needsto bring into play their internal strengths and change plans and strategies soas to achieve the dual goals of effectively fighting against the pandemic and sustainingand recovering production and business activities, said Nguyen Quang Vinh,Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI) andVice President of the VCCI’s Vietnam Business Council for SustainableDevelopment (VBCSD).
He also put forward aninitiative to establish a council of enterprise cooperation to respond toCOVID-19, adding that this council will gather the strength of the business communityby connecting business associations, related organisations, and the VCCI to joinhands with the Government to help firms weather this trying time and quicklyrecover and develop.
Nguyen Quang Vinh, Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI) and Vice President of the VCCI’s Vietnam Business Council for Sustainable Development (Photo: VCCI)
At the webinar, DorsatiMadani, Senior Economist at World Bank Vietnam, delivered a speech on globaleconomic prospects and impacts on the country, citing a WB report as saying thatthe Vietnamese economy is expected to recover in the fourth quarter of 2021 andpost a GDP growth rate of about 4.8 percent this year.
Binu Jacob, CEO of NestleVietnam and Co-Vice President of the VBCSD, recommended workers and contractorsto be fully vaccinated and enterprises be given self-determination in applyinganti-COVID-19 models at their factories on the basis of the Health Ministry’sguidance.
Regulations related toCOVID-19 prevention and control in localities should be simplified and accordwith central agencies’ directions while public administrative procedures shouldbe digitalised, thus creating optimum conditions for businesses, especiallyduring the social distancing period, he suggested./.
Hundreds of online trade promotion events have been organised effectively, helping settle stagnant situation in the field and overcome difficulties brought about by the COVID-19, which has broke out in the global scale, disrupting supply chains and affecting export activities.
The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.
In order to best achieve 2021 targets, Prime Minister Pham Minh Chinh ordered giving the top priority to curbing the pandemic soon and gradually restoring production and trade in areas meeting safety conditions, Minister and Chairman of the Government Office Tran Van Son has said.
The Vietnam Trade Promotion Agency (Vietrade) and Alibaba.com, the global business-to-business (B2B) e-commerce platform of the Alibaba Group, have jointly launched a programme to support Vietnamese small- and medium-sized enterprises (SMEs) in overcoming COVID-19.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Phto: VNA) 
Nguyen Quang Vinh, Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI) and Vice President of the VCCI’s Vietnam Business Council for Sustainable Development (Photo: VCCI) 
