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Novaland contributes to Top 50 Corporate Sustainability Awards 2022

Novaland Group was honored in the “Top 50 Corporate Sustainability Awards 2022” at the program Voting for Sustainable Development Enterprises 2022 (Corporate Sustainability Awards) by Nhip Cau Dau Tu Magazine.

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This is an award to honor exceptional enterprises in implementing development strategies, committing to green growth, and implementing community responsibilities. Award-winning enterprises were voted based on specific criteria: (1) Stable growth, (2) Solid corporate culture, (3) Corporate governance, (4) Environmental protection, (5) Social responsibility.

The program received data and advice from the Appraisal Council consisting of representatives from HSBC Bank, Deloitte Vietnam, FTI, Talentnet, Research, and Development Institute of Circular Economy, and leading economic and business experts from Harvard Business School, etc to ensure objectivity and scientific quality in the assessment.

According to the representative of the Organizing Committee, this program aims to contribute to promoting the sustainable development trend that spreads far and wide in the business community and Vietnamese society. Thereby, it aids to recognize and honor businesses that have contributed to sustainable development, environmental friendliness, and social justice.

At the same time, outstanding businesses with many social and environmental initiatives also inspire the community and other businesses to practice sustainable development in the most practical and effective way.

Novaland, a member of the NovaGroup ecosystem, is a leading prestigious brand in the field of real estate investment and development in Vietnam.

After 30 years of establishment and development, Novaland focuses on the mission of investing and developing large-scale real estate projects in the central and neighboring areas of Ho Chi Minh City as well as southern provinces with great potential for tourism development; continuing to create products associated with a closed utility ecosystem with an expanded design in the direction of green, sustainable, low-emission space development following the spirit of the National Housing Development Strategy in the period of 2021 – 2030, with a vision to 2045 approved by the Prime Minister. 

NovaWorld Phan Thiet tourism urban area of 1,000ha has been put into operation in phase 1 with many diverse and attractive utilities.
NovaWorld Phan Thiet tourism urban area of 1,000ha has been put into operation in phase 1 with many diverse and attractive utilities. Photo: Novaland

In addition to sustainable business activities, Novaland always accompanies the Government and the community in many social security activities, joining hands to fight the epidemic with a total contribution of more than VND1,000 billion so far.

Remarkably, the company has held meaningful and urgent action programs such as donating to the Covid-19 vaccine fund, providing ambulances and specialized medical equipment, speeding up the construction progress of concentrated isolation areas, Thu Dung field hospital, Covid-19 positive resuscitation center, launching the program Supermarket with zero dong to bring food to isolated and difficult circumstances, and nutritious meals prepared with love to give to doctors on the front lines of the fight against the epidemic. 

Novaland completes construction of field hospital for Covid-19 treatment No. 2
Novaland completes construction of field hospital for Covid-19 treatment No. 2. Photo: Novaland

In 2022, Novaland continues to commit to making strong contributions to joint efforts to overcome the consequences of the Covid-19 pandemic in four areas: Health, Education, Social Security and Community Development; strengthen cooperation in implementing activities to respond to climate change – towards millions of beneficiaries including workers, customers, partners, local authorities and people, students, teachers, lecturers, athletes, etc.

For example, Novaland launched the project Green up Vietnam – Millions of trees for a bright life, which contributed to enhancing green space and protecting the psychological health of residents and local people; planning to build and operate the inter-level school for grades 1-12 in Tien Thanh commune, Phan Thiet city, Binh Thuan province, which provided free tuition for 500 students with difficult circumstances; launching garbage separation project in urban areas or project developed by Novaland, which raised awareness of green living and joining hands to reduce plastic waste in project areas…

Recently, at the conference “Promoting the development of social housing for workers and low-income people” chaired by Prime Minister Pham Minh Chinh at Government Headquarters, Novaland Group pledged to be ready to take on the mission to invest in building 200,000 social housing apartments to cope with the urgent needs of workers and low-income people.

Novaland believes this is the goal that the Group will complete to contribute to the Government’s efforts in the program to solve social housing and housing for workers.

As one of the top real estate investment and development enterprises with sustainable development goals, Novaland constantly cultivates, learns and updates researches, initiatives, international practices and conventions as well as the 17 Sustainable Development Goals of the United Nations.

With flexible adaptability built from core values and goals, as long as long-term vision, Novaland continues to affirm the right direction in strategy and sustainable commitments to the community.

► 50 typical sustainability firms honored by Nhip Cau Dau Tu magazine

Source: https://e.nhipcaudautu.vn/companies/novaland-contributes-to-top-50-corporate-sustainability-awards-2022-3347243/

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Firm jointly established by Vietnam’s Kido, Vinamilk disbanded

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Vietnamese dairy giant Vietnam Dairy Products JSC (Vinamilk) and packaged food producer Kido Group Corporation announced the dissolution of their ice cream and non-alcoholic beverage joint venture, Vibev Food and Beverage Joint Venture Company Limited, after nearly two years of operation.

The dissolution decision was announced by Kido Group Corporation chairman Tran Kim Thanh and Vinamilk CEO Mai Kieu Lien.

Thanh attributed the dissolution to “the impact of the global economy, unpredictable fluctuations in the domestic market, and changes in Kido Group’s development orientations.”

Meanwhile, Vinamilk CEO Lien said Vibev was scrapped due to changes in business development orientations of both Vinamilk and Kido.

As publicized by the Ho Chi Minh City Stock Exchange (HoSE) early this month, Vinamilk will work with Kido and Vibev with a spirit of cooperation to complete dissolution procedures in line with the law.

Vinamilk and Kido on June 9, 2020 announced the establishment of their joint venture Vibev, specializing in manufacturing and trading beverages, such as tea, milk tea, ice cream, and frozen food.

On March 1 last year, Vibev was officially founded with an initial investment of VND400 billion (US$16.4 million), to which Vinamilk and Kido contributed VND204 billion ($8.4 million) and VND196 billion ($8 million), or 51 and 49 percent, respectively.

At the time, Vibev general director Mai Xuan Tram said that the non-carbonated beverage sector in Vietnam had extreme potential. Most suppliers of fresh drinks were small with low technology and operated on a small scale.

Therefore, the joint venture was expected to dominate the market based on the strengths of Vinamilk and Kido, thus becoming a leading company in non-alcoholic beverages in Vietnam.

According to Kido’s consolidated financial report, its investment in Vibev fell to VND160 billion ($6.6 million) at the end of the third quarter of this year but its holding was still maintained at 49 percent. 

It can be inferred that Vibev has suffered from an accumulated loss of nearly VND73 billion ($3 billion) after nearly two years of operation.

A report by SSI Securities Corporation showed that although the input cost increase has not been completely reflected in the consumer price index (CPI) of Vietnam, consumers can see the price hikes.

Food and beverage enterprises have increased the sale prices of their products by 2-10 percent on average.

The prices of these firms’ key input materials have also risen over the same period last year, such as flour by 30-40 percent, sugar by 30 percent, soybeans by 20 percent, and palm oil by 44 percent.

The beverage market witnessed intense competition among local and international brands.

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Vietnamese dairy giant Vietnam Dairy Products JSC (Vinamilk) and packaged food producer Kido Group Corporation announced the dissolution of their ice cream and non-alcoholic beverage joint venture, Vibev Food and Beverage Joint Venture Company Limited, after nearly two years of operation.

The dissolution decision was announced by Kido Group Corporation chairman Tran Kim Thanh and Vinamilk CEO Mai Kieu Lien.

Thanh attributed the dissolution to “the impact of the global economy, unpredictable fluctuations in the domestic market, and changes in Kido Group’s development orientations.”

Meanwhile, Vinamilk CEO Lien said Vibev was scrapped due to changes in business development orientations of both Vinamilk and Kido.

As publicized by the Ho Chi Minh City Stock Exchange (HoSE) early this month, Vinamilk will work with Kido and Vibev with a spirit of cooperation to complete dissolution procedures in line with the law.

Vinamilk and Kido on June 9, 2020 announced the establishment of their joint venture Vibev, specializing in manufacturing and trading beverages, such as tea, milk tea, ice cream, and frozen food.

On March 1 last year, Vibev was officially founded with an initial investment of VND400 billion (US$16.4 million), to which Vinamilk and Kido contributed VND204 billion ($8.4 million) and VND196 billion ($8 million), or 51 and 49 percent, respectively.

At the time, Vibev general director Mai Xuan Tram said that the non-carbonated beverage sector in Vietnam had extreme potential. Most suppliers of fresh drinks were small with low technology and operated on a small scale.

Therefore, the joint venture was expected to dominate the market based on the strengths of Vinamilk and Kido, thus becoming a leading company in non-alcoholic beverages in Vietnam.

According to Kido’s consolidated financial report, its investment in Vibev fell to VND160 billion ($6.6 million) at the end of the third quarter of this year but its holding was still maintained at 49 percent. 

It can be inferred that Vibev has suffered from an accumulated loss of nearly VND73 billion ($3 billion) after nearly two years of operation.

A report by SSI Securities Corporation showed that although the input cost increase has not been completely reflected in the consumer price index (CPI) of Vietnam, consumers can see the price hikes.

Food and beverage enterprises have increased the sale prices of their products by 2-10 percent on average.

The prices of these firms’ key input materials have also risen over the same period last year, such as flour by 30-40 percent, sugar by 30 percent, soybeans by 20 percent, and palm oil by 44 percent.

The beverage market witnessed intense competition among local and international brands.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20221205/firm-jointly-established-by-vietnams-kido-vinamilk-disbanded/70345.html

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Vietnam’s agro-forestry-fishery exports hit record high

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Vietnam raked in US$49 billion in export revenue from agro-forestry-fishery products between January and November of this year, exceeding the previous record of $48.6 billion set in 2021, according to the Ministry of Agriculture and Rural Development.

The ministry on Wednesday shared that Vietnam exported over $4.27 billion worth of agro-forestry-fishery products in November alone, down nearly five percent year on year.

During the same period, the country’s seafood export turnover hit $10.14 billion for the first time ever.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will hold a ceremony to celebrate the milestone on December 10.

From January to November, there were eight commodities with export turnovers that surpassed $2 billion, including coffee ($3.5 billion, up 31.5 percent), rubber ($2.9 billion, up 3.2 percent), rice ($3.2 billion, up 6.9 percent), tra fish ($2.2 billion, up 61 percent), shrimp ($4.1 billion, up 14.6 percent), and wood and wooden products ($14.6 billion, up 9 percent).

Asian countries remained the largest importers of Vietnam’s agro-forestry-fishery products with nearly 45 percent of the market share, followed by America with 27 percent, and Europe with 11 percent.

As for importing countries, the U.S. took the lead with $12.3 billion.

China came in second with some $9.3 billion, followed by Japan with $3.9 billion, and South Korea with $2.3 billion. 

According to the Ministry of Agriculture and Rural Development, Vietnam, China’s unwillingness to end its zero-COVID policy will create a challenging future for Vietnamese farm produce for the foreseeable future. 

Moreover, due to the depreciation of China’s renminbi and Thailand’s baht over the Vietnam dong and U.S. dollar, China will likely increase imports from Thailand and reduce imports from Vietnam.

Meanwhile, Vietnam’s exports of wood pellets to the European Union (EU) remain low due to Europe’s strict origin traceability requirements.

The EU’s requirements for wood pellet imports are more stringent than those of Japan and South Korea, which is a significant challenge that will require Vietnamese exporters to improve their equipment and technology.

The Ministry of Agriculture and Rural Development will continue popularizing a protocol on the official export of Vietnamese durians to China, requirements for passion fruit exports to China, and requirements for pomelo exports to the U.S.

The ministry will also accelerate negotiations over a protocol on phytosanitary requirements for dragon fruit, longan, litchi, rambutan, and mango exports to China. 

It will also work with the General Administration of Customs of China to launch weekly online inspections into banana and durian batches shipped from Vietnam to its northern neighbor.

In addition, it will seek ways to remove technical and trade hindrances and pave the way for the export of Vietnamese products to other large and potential markets, such as Japan, South Korea, Myanmar, Australia, and New Zealand via official channels.

Specialized agencies will work with Japanese phytosanitary inspectors who come to Vietnam to check local dragon fruit, mango, and longan processing units in order to boost the export of these products.

The government assigned the Ministry of Agriculture and Rural Development an agro-forestry-fishery export revenue target of $50 billion this year.

If the export growth momentum is maintained in the last month of the year, the country’s agro-forestry-fishery exports this year will likely reach $53 billion.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Vietnam raked in US$49 billion in export revenue from agro-forestry-fishery products between January and November of this year, exceeding the previous record of $48.6 billion set in 2021, according to the Ministry of Agriculture and Rural Development.

The ministry on Wednesday shared that Vietnam exported over $4.27 billion worth of agro-forestry-fishery products in November alone, down nearly five percent year on year.

During the same period, the country’s seafood export turnover hit $10.14 billion for the first time ever.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will hold a ceremony to celebrate the milestone on December 10.

From January to November, there were eight commodities with export turnovers that surpassed $2 billion, including coffee ($3.5 billion, up 31.5 percent), rubber ($2.9 billion, up 3.2 percent), rice ($3.2 billion, up 6.9 percent), tra fish ($2.2 billion, up 61 percent), shrimp ($4.1 billion, up 14.6 percent), and wood and wooden products ($14.6 billion, up 9 percent).

Asian countries remained the largest importers of Vietnam’s agro-forestry-fishery products with nearly 45 percent of the market share, followed by America with 27 percent, and Europe with 11 percent.

As for importing countries, the U.S. took the lead with $12.3 billion.

China came in second with some $9.3 billion, followed by Japan with $3.9 billion, and South Korea with $2.3 billion. 

According to the Ministry of Agriculture and Rural Development, Vietnam, China’s unwillingness to end its zero-COVID policy will create a challenging future for Vietnamese farm produce for the foreseeable future. 

Moreover, due to the depreciation of China’s renminbi and Thailand’s baht over the Vietnam dong and U.S. dollar, China will likely increase imports from Thailand and reduce imports from Vietnam.

Meanwhile, Vietnam’s exports of wood pellets to the European Union (EU) remain low due to Europe’s strict origin traceability requirements.

The EU’s requirements for wood pellet imports are more stringent than those of Japan and South Korea, which is a significant challenge that will require Vietnamese exporters to improve their equipment and technology.

The Ministry of Agriculture and Rural Development will continue popularizing a protocol on the official export of Vietnamese durians to China, requirements for passion fruit exports to China, and requirements for pomelo exports to the U.S.

The ministry will also accelerate negotiations over a protocol on phytosanitary requirements for dragon fruit, longan, litchi, rambutan, and mango exports to China. 

It will also work with the General Administration of Customs of China to launch weekly online inspections into banana and durian batches shipped from Vietnam to its northern neighbor.

In addition, it will seek ways to remove technical and trade hindrances and pave the way for the export of Vietnamese products to other large and potential markets, such as Japan, South Korea, Myanmar, Australia, and New Zealand via official channels.

Specialized agencies will work with Japanese phytosanitary inspectors who come to Vietnam to check local dragon fruit, mango, and longan processing units in order to boost the export of these products.

The government assigned the Ministry of Agriculture and Rural Development an agro-forestry-fishery export revenue target of $50 billion this year.

If the export growth momentum is maintained in the last month of the year, the country’s agro-forestry-fishery exports this year will likely reach $53 billion.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20221203/vietnams-agroforestryfishery-exports-hit-record-high/70274.html

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US supports Vietnam’s clean energy adoption

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The U.S. government has unveiled a US$36-million Vietnam Low Emission Energy Program II (V-LEEP II) fund to be disbursed over five years to speed up Vietnam’s transition to clean energy.

The program is funded by the U.S. Agency for International Development (USAID).

It is meant to help Vietnam develop a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector, according to the U.S. Consulate General in Ho Chi Minh City.

The consulate general organized a seminar on Thursday to discuss the role of hydrogen fuel technology in green energy transition, as part of the project.

Many researchers evaluated Vietnam as a country with great potential for the development of hydrogen fuel, one of the cleanest alternative sources of raw materials produced from wind and solar energy as it is zero-carbon.

Clean hydrogen can be mixed with traditional fuels such as gas to reduce emissions and to be used in many industries such as steel, chemicals, fertilizers, and transportation. 

Hydrogen is also a great form of chemical energy storage, providing clean backup.

Speaking at the event, Susan Burns, the U.S. Consul General in Ho Chi Minh City, assessed that Vietnam has the advantage of geographical location to thrive in clean hydrogen production. 

The diplomat once again emphasized the U.S.’ enthusiasm in supporting Vietnam shifting toward green energy, in line with the global trend.

Among different forms of recycled energy, Vietnam’s offshore wind power potential is forecasted to reach 160GW in the long term and is one of the most abundant sources of supply in Southeast Asia, according to statistics from the Danish Energy Agency.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The U.S. government has unveiled a US$36-million Vietnam Low Emission Energy Program II (V-LEEP II) fund to be disbursed over five years to speed up Vietnam’s transition to clean energy.

The program is funded by the U.S. Agency for International Development (USAID).

It is meant to help Vietnam develop a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector, according to the U.S. Consulate General in Ho Chi Minh City.

The consulate general organized a seminar on Thursday to discuss the role of hydrogen fuel technology in green energy transition, as part of the project.

Many researchers evaluated Vietnam as a country with great potential for the development of hydrogen fuel, one of the cleanest alternative sources of raw materials produced from wind and solar energy as it is zero-carbon.

Clean hydrogen can be mixed with traditional fuels such as gas to reduce emissions and to be used in many industries such as steel, chemicals, fertilizers, and transportation. 

Hydrogen is also a great form of chemical energy storage, providing clean backup.

Speaking at the event, Susan Burns, the U.S. Consul General in Ho Chi Minh City, assessed that Vietnam has the advantage of geographical location to thrive in clean hydrogen production. 

The diplomat once again emphasized the U.S.’ enthusiasm in supporting Vietnam shifting toward green energy, in line with the global trend.

Among different forms of recycled energy, Vietnam’s offshore wind power potential is forecasted to reach 160GW in the long term and is one of the most abundant sources of supply in Southeast Asia, according to statistics from the Danish Energy Agency.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20221203/us-supports-vietnams-clean-energy-adoption/70315.html

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