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Prime Minister Pham Minh Chinh attends the launch of the 7th National Startup Day for Students. (Photo: VNA) Prime Minister Pham Minh Chinh has emphasized the importance of cultivating a robust ecosystem that fosters entrepreneurship and innovation among students, believing that the nation’s strength lies in its youth. At a conference in Ho Chi Minh City on April 20, PM Chinh reviewed the achievements of the support project for student startups, Project 1665, and inaugurated the 7th National Startup Day for Students (SV.STARTUP). He commended the creativity and dynamism of student-led startup initiatives, which have grown with each edition of SV.STARTUP. Project 1665, launched seven years ago, has reached significant milestones. Educational institutions and provincial/municipal Departments of Education and Training have implemented plans to support student entrepreneurship. Over 42,000 startup projects have been initiated by students across Vietnam. The Ho Chi Minh Communi...

Ho Chi Minh City has been making waves with its recent bold reforms, aimed at creating a more attractive investment environment. One key initiative, reintroduced in 2024, is the one-stop mechanism at industrial and high-tech parks, designed to streamline investment procedures for businesses. This efficient approach has paid off, according to the Management Board of the Saigon Hi-Tech Park (SHTP). They report a significant reduction in the time needed for investment procedures, now taking just six to four months, a far cry from the previous two-year wait. Alongside procedural improvements, the city is also investing heavily in inter-regional transport and digital infrastructure, further enhancing its appeal. These advancements have not gone unnoticed by high-tech giants. NVIDIA, Marvell, Hyosung, and Evolution Data Centers Group are among those increasing their investments in Ho Chi Minh City. NVIDIA, in particular, has shown great interest in the city’s potential, sending re...

The Chanh Thon carpentry village in Nam Tien commune, Hanoi’s Phu Xuyen district, boasts a rich history in traditional crafts. (Source: nongthonmoihanoi.gov.vn) Hanoi’s People’s Committee has announced plans to develop the Nam Tien Craft Village Industrial Cluster in the city’s outlying Phu Xuyen district, with a total investment of 623 billion VND (approximately 254 million USD). Spanning 26.3 hectares across Nam Tien commune and Phu Minh town, the industrial cluster will serve as a hub for traditional crafts such as carpentry and mechanical engineering. The project aims to relocate production facilities from residential areas to improve environmental protection, enhance product quality, and foster sustainable industrial practices. The Hoang Tin Urban and Infrastructure Development Investment JSC has been chosen as the main investor, and the site is expected to be completed within two years, with a projected operational lifespan of 50 years. This development is anticipat...

A glimpse into the future: This picturesque spot in Phuoc Dinh commune, Thuan Nam district, has been selected for a resettlement project, offering a new home to those affected by the Ninh Thuan 1 Nuclear Power Project. (Photo: VNA) Vietnam is poised to embrace nuclear energy as a strategic pillar for its energy sector, as highlighted during a conference held in Hanoi on April 18. The gathering of experts and policymakers aimed to shape a resolution promoting the peaceful utilization of nuclear power, paving the way for sustainable development and energy security. Le Xuan Dinh, Deputy Minister of Science and Technology, emphasized the long-term vision behind nuclear power adoption, relying on advanced, proven, and secure technologies. The proposed resolution’s core directive is to vigorously expand nuclear energy applications across various sectors, aligning with socio-economic growth plans and prioritizing safety for people and the environment. Vietnam’s ambitious strategy...

Optimizing Carbon Market Design: Balancing Economic Growth and Emissions Reduction The Department of Climate Change (DCC), Ministry of Agriculture and Environment, and the Energy Transition Partnership (ETP) jointly organized a consultation workshop titled “Impact Assessment of Vietnam’s Domestic Carbon Market in the Pilot Phase” on April 16 in Hanoi. At this event, Ms. Nguyen Hong Loan, Executive Director of Green Climate Innovation Consulting Co., Ltd. (GreenCIC) and Leader of the Consultant Team, emphasized the importance of identifying design and governance options, assessing their impacts, and selecting the most optimal approach to ensure a harmonious balance between economic development and GHG emission reduction goals for the successful operation of the carbon market during its pilot phase. Ms. Nguyen Hong Loan, Executive Director of Green Climate Innovation Consulting Co., Ltd. (GreenCIC) and Leader of the Consultant Team “ We conducted an in-depth analysis and m...

In a significant move, Vietnam’s government has unveiled an ambitious strategy for the country’s energy future, with the Deputy Prime Minister, Bui Thanh Son, approving revisions to the eighth national power development plan. This updated plan, outlined on the government news portal, sets a bold vision for 2050, with a particular focus on renewable energy and smart grid infrastructure. The strategy, covering 2021–2030 with a long-term outlook, emphasizes the development of intelligent grids capable of integrating vast renewable energy sources. It also underscores the importance of strengthening grid interconnectivity with Vietnam’s neighbors, including China, Laos, and Cambodia, to maintain power supply stability. A key target is to achieve a substantial renewable electricity ratio, excluding hydropower. By 2030, Vietnam aims for renewables to contribute 28–36% of electricity generation, with a dramatic rise to 74–75% by 2050. This shift is complemented by a goal to have 50% of off...

Investment in Modern Technology: Moc Chau Milk’s Journey Towards Sustainability In 2024, Moc Chau Dairy Cattle Breeding Joint Stock Company, known as Moc Chau Milk, earned recognition as a National brand of Vietnam. This achievement is a testament to the company’s unwavering commitment to a journey of green and sustainable development. Taking a significant step forward in 2022, the company invested nearly VND3 trillion in the Moc Chau Dairy Paradise Complex. This ambitious project encompasses a dairy farm and a high-tech dairy processing plant, seamlessly integrated with eco-tourism. Moc Chau Milk’s Modern Closed-Loop Production Line The processing plant is equipped with advanced technologies that support environmental protection, resource conservation, and sustainable practices. This aligns with the company’s core values, as stated by Marketing Director Tran Quoc Huy, who emphasized their dedication to living in harmony with nature. As a result, their dairy farming proces...