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Vietnam Business News May 28/2024 

 Tuesday, May 28,2024

AsemconnectVietnam - Ben Tre’s clam farming re-certified Marine Stewardship Council Standard.Vietnam Airlines join sustainable aviation fuel club. Bac Giang works hard to accelerate public investment disbursement.Vietnam pours 136 million USD to projects abroad in five months. Vietnam Airlines join sustainable aviation fuel club. Vietjet increases 1.4 million tickets for summer peak season.

Bac Giang: Accelerate public investment disbursement
The northern province of Bac Giang is focusing on removing difficulties to speed up the disbursement of public investment, striving to achieve 100% of the plan set for 2024.
According to the provincial People’s Committee, the locality is accelerating the construction of important projects and works, identifying this as one of the key political tasks that will be prioritised. Bac Giang is determined to fulfill its assigned capital objectives and plans without returning capital.
Adjustments to the capital plan will be made in case of force majeure where implementation is not feasible.
From now to the end of 2024, Bac Giang will enhance discipline and strictness in the disbursement of public investment capital.
An Giang: International trade fair
The Tinh Bien – An Giang international trade fair opened in the Mekong Delta province of An Giang on May 27.
Running until June 2, the fair attracted 120 enterprises and businesses establishments from 12 provinces and centrally-run cities in Vietnam, the Cambodian provinces of Takeo and Kandal, and Champasak province of Laos. The fair features 300 stalls, which are showcasing a wide range of products, particularly farm produces and typical products of the localities.
Yong Sovathana, Deputy Governor of Takeo province, said that the fair is a good opportunity for Takeo businesses to introduce their products to the An Giang and Vietnamese markets.
Cambodian businesses can also look for opportunities to expand business cooperation and business partners to bring Takeo province's goods in particular and Cambodian goods in general to enter Vietnamese supermarkets in the coming time.
Ben Tre:Clam farming re-certified Marine Stewardship Council Standard
The clam farming sector of the Mekong Delta province of Ben Tre has received Marine Stewardship Council (MSC) certification, marking the third time it has met the organisation’s sustainability and management standards, Director of the provincial Department of Agriculture and Rural Development Doan Van Danh announced on May 28.
The certificate will be valid from May 23, 2024 to May 22, 2029. The MSC Fisheries Standard is used to assess if a fishery is well-managed and sustainable.
Earlier, the local clam farming sector received the MSC certificate in 2009 and 2016.
More than 136 million USD of total investment into new projects
Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.
From January to May, Vietnamese enterprises made outbound investments in 16 sectors, mostly focusing on mining, accounting for 43.1% of the total capital, followed by manufacturing and processing industry (23.9%); and trading and retail (8.3%).
Sixteen countries and territories received Vietnamese investment during the period. Of them, the Netherlands took the lead, accounting for 40.1%. Laos came second, holding 36.8%, followed by the US and New Zealand.
Vietnam Airlines join sustainable aviation fuel club
Vietnam Airlines operated its first Neste MY Sustainable Aviation Fuel (SAF)-powered flight from Singapore to Hanoi on May 27, becoming the first Vietnamese airline to use alternative fuels.
SAF is made from sustainably sourced renewable waste and residues such as used cooking oil and animal fat waste. It is a proven solution reducing greenhouse gas emissions by up to 80% over the fuel’s life cycle, compared to using fossil jet fuel.
Its ability to meet all of the strict safety standards for commercial aviation use and significantly curbing emissions makes it a compelling alternative to traditional fossil fuels.
Senior Vice President Commercial, Renewable Products at Neste Carrie Song said SAF plays an important role in helping the aviation sector realise its ambitious climate targets.
Vietjet increases 1.4 million tickets for summer peak season
During the summer peak season, Vietjet provides an additional 1.4 million tickets, equivalent to an increase of approximately 35% in domestic supply to serve people and tourists on flights from/to Ho Chi Minh City, Hanoi, Da Nang, Nha Trang, Quy Nhon, Phu Yen, Phu Quoc, and Da Lat.
The frequency of the airline’s travelling domestic routes has been increased and there are also new routes including Thanh Hoa – Nha Trang and Vinh – Nha Trang.
In the context of aircraft shortage, Vietjet has increased its night flights by approximately 46% compared to usual, equivalent to 3,100 night flights on routes from Hanoi, Ho Chi Minh City, Da Nang, Nha Trang to and from other provinces, at the same time opening night flights with stimulus prices from Ho Chi Minh City to the northern provinces of Hanoi, Hai Phong, Vinh, and Thanh Hoa.
Source: Vitic/VNA


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