Vietnam vows to develop eco-friendly chemical industry

Nguyen Van Thanh, director general of the Vietnam Chemical Agency, speaks about some of the strengths and weaknesses in the 2007 Law on Chemicals.

Vietnam vows to develop eco-friendly chemical industry

Nguyen Van Thanh, director general of the Vietnam Chemical Agency

What is your assessment of the implementation of the Law on Chemicals?

The Law on Chemicals has been in force for 12 years. The chemical industry in our country from 1990-2010 notched an average development rate of 12 per cent, but that fell to 10 per cent from 2010-2020.

The chemical industry and its supply chain has contributed about 11.2 per cent of the value of national industrial output and provided jobs to 10 per cent of the labour force.

Compared with other ASEAN members, Vietnamese laws are comprehensive and progressive, particularly the Law on Chemicals passed by the National Assembly in 2007.

It has been 12 years since the Law on Chemicals came into force. In your opinion, should Vietnam revise the law and adapt it to the new situation?

Twelve years have passed since the Law on Chemicals came into force and quite a lot has changed in that time in terms of perceptions of chemicals and chemical by-products. This is the first challenge that many enterprises face.

The second challenge is that the law does not fully cover how the Vietnamese chemical industry should develop along the lines of being more friendly to the environment and more sustainable.

 

The third challenge is cumbersome chemical management - a stumbling block for enterprises involved in importing and exporting chemical agents.

The last one is poor technical infrastructure, particularly legal documents, including Government decrees and circulars covering chemical technical management or usage.

Can you share with us some key changes in the up coming revised Law on Chemicals?

Chemicals are an agent used in almost every industrial sector. As a signatory to many bilateral and multi-lateral free trade deals, Vietnam has a golden opportunity to attract both foreign and domestic investors to the chemical industry, particularly in the current context of investment movement.

It is time for Vietnam to take this opportunity and revise the current Law on Chemicals to make it match market demand both at home and abroad. We hope, with good management and in line with international laws and practices, the chemical industry will become a major industry in the course of national economic development.  VNS

Textile and garment enterprises must pay more attention to chemical management

Textile and garment enterprises must pay more attention to chemical management

Textile and garment enterprises consume a large amount of chemicals for their production activities. 

Centre for toxic chemicals and environmental treatment established

Centre for toxic chemicals and environmental treatment established

A ceremony to announce the establishment of the National Action Centre for Toxic Chemicals and Environmental Treatment (NACCET) was held yesterday in Hanoi.

 
 

Other News

.
17th CAEXPO to benefit China-Vietnam cooperation
17th CAEXPO to benefit China-Vietnam cooperation
BUSINESSicon  23/11/2020 

China and Vietnam are friendly neighbors connected by mountains and rivers, and have achieved fruitful results in the sustained economic and trade cooperation. 

'Ghost' restaurants flourish in Ho Chi Minh City
'Ghost' restaurants flourish in Ho Chi Minh City
BUSINESSicon  23/11/2020 

Without tables, chairs or waiters, "ghost" restaurants are flourishing in Vietnam, serving only online customers.

Smarter logistics will benefit Vietnam: experts
Smarter logistics will benefit Vietnam: experts
BUSINESSicon  23/11/2020 

Smarter logistics are key for Vietnam to advance in the global value chain amid the fourth industrial revolution and the COVID-19 pandemic, experts told the Vietnam Business Summit 2020 held in Hanoi recently.

HCMC real estate market poised to recover next year
HCMC real estate market poised to recover next year
BUSINESSicon  23/11/2020 

The real estate market in HCMC has seen signs of recovery since August and is expected to see a strong rebound during the upcoming traditional Lunar New Year holiday and next year, according to the HCMC Real Estate Association (HoREA).

Vietnamese firms to invest in three key aspects for digital transformation
Vietnamese firms to invest in three key aspects for digital transformation
BUSINESSicon  23/11/2020 

Many companies in Vietnam are considering an approach to workplace digital optimization beyond Covid-19.

Thousands of Mercedes-Benz recalled in Vietnam over defective airbags
Thousands of Mercedes-Benz recalled in Vietnam over defective airbags
BUSINESSicon  22/11/2020 

Some 3,200 Mercedes-Benz cars in Vietnam have been found to have problems with Takata airbags, according to the Vietnam Register.

Binh Dinh-based Phu Cat airport proposed to become international one
Binh Dinh-based Phu Cat airport proposed to become international one
BUSINESSicon  22/11/2020 

The Binh Dinh government has written to the Ministry of Transport and the Civil Aviation Authority of Vietnam proposing turning Phu Cat Airport into Phu Cat International Airport.

Vietnam, Oman to foster bilateral trade
Vietnam, Oman to foster bilateral trade
BUSINESSicon  22/11/2020 

The two-way trade turnover increased sharply from US$117 million in 2017 to US$200 million in 2019.

Ministry working to promote growth of support industries
Ministry working to promote growth of support industries
BUSINESSicon  22/11/2020 

The Ministry of Industry and Trade (MoIT) has introduced a range of measures to boost the growth of support industries in a bid to promote the engagement of local companies in production chains.

What does the 'rescue' of Vietnam Airlines reveal?
What does the 'rescue' of Vietnam Airlines reveal?
FEATUREicon  22/11/2020 

The national airline of Vietnam finally saw "the light at the end of the tunnel" when the National Assembly agreed with the Government's proposal for solutions to help Vietnam Airlines overcome difficulties caused by the Covid-19 pandemic.

Electronics industrial clusters to be piloted
Electronics industrial clusters to be piloted
BUSINESSicon  22/11/2020 

The Ministry of Planning and Investment has instructed localities to review and report on the development of industrial zones with investment projects in the electronics industry with a scale starting from US$20 million.

Real estate inventories see decline: ministry
Real estate inventories see decline: ministry
BUSINESSicon  22/11/2020 

Inventories in the real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction (MoC).

Up to 16,000 foreigners buy housing in Vietnam in last five years
Up to 16,000 foreigners buy housing in Vietnam in last five years
BUSINESSicon  21/11/2020 

Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015, mostly from China, the Republic of Korea, Japan, Taiwan (China), and Singapore, the HCMC Real Estate Association (HoREA) estimates.

Global media positive about Vietnam’s growth despite COVID-19
Global media positive about Vietnam’s growth despite COVID-19
BUSINESSicon  21/11/2020 

A number of regional and global news agencies have quoted data from international research institutes and organisations as saying that Vietnam’s economy is on track to grow despite the impact of COVID-19.

Challenges and opportunities from Covid-19 for Vietnam's M&A market
Challenges and opportunities from Covid-19 for Vietnam's M&A market
BUSINESSicon  21/11/2020 

Low interest rates could open up new opportunities for investors to take advantage of the cheap capital to buy shares and acquire new assets via M&A deals.

Vietnam proves potential to profit from shifts in global supply chain
Vietnam proves potential to profit from shifts in global supply chain
BUSINESSicon  21/11/2020 

Years of economic growth and success in fighting Covid-19 paved the way for Vietnam to receive shifting FDI inflows, but limited participation in manufacturing industries might hinder its progress.

Vietnamese consumers increasingly embrace sustainability
Vietnamese consumers increasingly embrace sustainability
BUSINESSicon  21/11/2020 

Sustainability has been a growing topic of interest to Vietnamese consumers in recent years though awareness levels remain well below the global average.

VN corporate bond market cools for 2nd month
VN corporate bond market cools for 2nd month
BUSINESSicon  20/11/2020 

The value of corporate bonds issued in October was VND9.5 trillion (US$409 million), down 12.8 per cent from September, according to the Hanoi Stock Exchange (HNX).

Under FTAs, car imports will be subject to lower tariffs
Under FTAs, car imports will be subject to lower tariffs
FEATUREicon  21/11/2020 

The two important FTAs – CPTPP and EVFTA – all have strong commitments on tariff cuts, with the tariffs expected to be completely removed in 7-13 years.

VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 22
VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 22
BUSINESSicon  22/11/2020 

Automobile sales surge in October

 
 
 
Leave your comment on an article

OR QUICK LOGIN