The global electric vehicle boom presents numerous opportunities for Vietnam's economy, supported by leading technology suppliers like Bühler Group.
Recent land auctions in Hanoi have seen land prices skyrocket, raising concerns among experts about the potential negative effects on the real estate market and the local economy.
Vietnam's deposit interest rates may see a slight increase in the second half of the year as the economy shows clear signs of improvement, according to banking experts.
Despite lackluster economic growth in the first quarter, analysts remain cautiously optimistic about the country's prospects, citing potential for a turnaround in subsequent quarters.
Overcoming supply chain woes could boost Vietnam's economy by $1.9 billion and strengthen businesses’ operations and their competitiveness on the global stage over the long term.
European business leaders remain cautious, but see signs of improvement in Vietnam's economy, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab.
Shifting to green economy and green growth will help businesses increase their competitiveness and catch up with trends on the domestic and foreign markets.
Vietnamese enterprises’ knowledge about circular business is limited, with only 20 – 30 per cent clear and 3 – 6 per cent very clear, according to CIEM’s survey.
As more consumers become aware of environment safety and the concept of circular economy becoming more influential in Vietnam, enterprises need to switch to packaging that meets sustainability requirements and is easily recyclable to stay competitive.
Dairy businesses in Vietnam are pioneering in applying circular economy solutions on their progresses.
The circular economy is an alternative to traditional linear economies, where people take resources, make things, consume them and throw them away. This way of living uses up finite raw materials and produces vast quantities of waste.
The objective of the project is to facilitate collaboration between consumers, waste pickers, recyclers, and local authorities to pilot the new and innovative approach of circular economy for plastic waste.
The transition towards a circular economy offers $4.5 trillion in economic opportunities globally by reducing waste, stimulating innovation, and creating employment, according to UNDP's representative.
Source separation of waste is seen as core solution in the circular economy application, and has been applied by countries having high recycling rates.
