A workshop to promote sustainable rubber forests was jointly organised by the Vietnam Rubber Association (VRA) and the Worldwide Fund for Nature (WWF) in HCM City on July 24.
In 2016, rubber wood made up 22.1 percent of the country’s total wood export value (Source: VNA)
HCM City (VNA) – A workshop to promotesustainable rubber forests was jointly organised by the Vietnam Rubber Association(VRA) and the Worldwide Fund for Nature (WWF) in HCM City on July 24.
Vo Hoang An, VRA Vice President, highlighted thefast development of the rubber sector, with rubber forests covering the biggestarea among long-term industrial plants in Vietnam, hitting about over 976,000hectares in 2016.
In 2016, rubber wood made up 22.1 percent of thecountry’s total wood export values, and 31.7 percent of the sector’s exportvalue.
He underlined the increasing trend of using forest-basedproducts with legal origin or sustainable forest management certification inthe context that countries are making every effort to cope with global climatechange.
Forest certification is considered a tool for sustainable forest management,thus ensuring socio-economic development and environment protection goals.
According to Le Thien Duc from WWF Vietnam,around 230,000 hectares of forests have been granted with the ForestStewardship Council (FSC) certification, accounting for 42 percent ofthe target set for 2020.
Vietnam has yet to submit the FSC its nationalstandards on sustainable forests management, Duc said.
Meanwhile, Truong Minh Trung, Deputy DirectorGeneral of the Vietnam Rubber Group, said Vietnam has no rubber forests grantedwith FSC certificate.
Wood products with FSC certification have higherprices than normal ones, Truong said, adding that his group will step up FSC-metforests planting in its member units.
According to the WWF, in order to develop rubberforests sustainably, the rubber forests must follow Vietnamese andinternational law, gaining local support and respect while minimising theirimpacts on the environment.-VNA
The rubber sector needs to develop a long-term development strategy to enhance its added value and ensure sustainable development, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan sa
Although Vietnam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing.
The People’s Committee of southern Binh Duong province supports the Russia-based ROSTEC Group to carry out the rubber production project Visorutex, said Vice Chairman Tran Thanh Liem on July 4.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
In 2016, rubber wood made up 22.1 percent of the country’s total wood export value (Source: VNA) 
