CPI in October down 0.2 percent, may surge in remaining months: GSO

The Consumer Price Index (CPI) in October was down by 0.2 percent compared to September but rose by 1.81 percent compared to the same period last year, according to the General Statistics Office (GSO).

The CPI in the two remaining months of the year may surge as factors driving the figure down during social distancing will no longer have any impacts.

In October, food and catering services decreased by 1.28 percent from the previous month largely owing to drops of 0.25 percent and 9.38 percent in the prices of rice and pork, respectively, thanks to abundant supplies.

Housing and construction materials fell by 0.26 percent, due to a cut in housing rental rates to support people at the time when social distancing order remained in place to stamp out the spread of COVID-19.

Electricity prices were also reduced because the arrival of autumn affected demand for power and water compared to the previous month. Post and telecommunications inched down 0.04 percent.

Among eight groups of commodities and services experiencing rising prices last month, transport witnessed the highest month-on-month increase of 2.51 percent attributed to the fuel price hike.

Education inched up 0.25 percent against September.

The GSO also pointed out that core inflation in October saw a month-on-month decline of 0.17 percent but a year-on-year rise of 0.5 percent. In the first 10 months, the figure increased 0.84 percent compared to the same period last year, reflecting price movements driven by the hikes of food, petrol and oil and gas prices.

Core inflation in October and the first 10 months of 2021 compared to the previous year stood at the lowest level since 2011.

As November-December will be a time to focus on production, travel and procurement serving for major holidays, CPI in tourism services and entertainment is projected to see growth

Source: Vietnam News Agency

Coffee, fruit and vegetable industries agree on CoC to encourage sustainability

To align Vietnam’s coffee, fruit and vegetable industries with international standards on responsible business practices and sustainable growth, the sectors have agreed to abide by a unifying Code of Conduct (CoC) on how they operate. The move was announced at a virtual workshop on October 27.

The CoC aims to help local businesses meet the requirements of the two free trade agreements to which Vietnam is a member – the European Union–Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The event was organised by the Vietnam Institute for Rural Industry Research and Development (VIRI) in collaboration with Vietnam Fruit & Vegetables Association (VINAFRUIT) and Vietnam Coffee – Cocoa Association (VICOFA).

The CoC is an independent and voluntary set of standards that aim to establish appropriate standards in micro-, small and medium-sized enterprises, cooperatives, and farmer households.

In the coffee sector, the CoC includes three compliance levels, essential required and recommended, across seven areas. These are; the conservation of arable land; water conservation and use of water; conservation of biodiversity; energy usage; use of pesticides; waste management; ozone layer protection; and increasing resilience to climate change.

In the fruit and vegetable sector, the areas of focus are; water conservation and water use; energy consumption; use of pesticides, waste management; landscape conservation and crop protection; and ozone layer protection and increasing resilience to climate change.

Compliance with the CoC helps micro-, small, and medium-sized enterprises improve product and brand value, ensuring sustainable utilisation of resources for cultivation, production, and processing, and opening the door to international certifications.

The launching workshop is part of the project: “Advancing environmentally responsible business for the coffee, fruit and vegetable sectors in Vietnam”. Funding and technical support are provided by the United Nations Development Programme (UNDP) and the Government of Sweden.

During the workshop, 41 enterprises from the two sectors signed a pledge to show their commitment to support and implement the “Codes of conduct on environmentally responsible business for the coffee sector and fruit & vegetable sector in Vietnam”.

This shows businesses’ advocate and support the CoC’s as they move towards a more sustainable environment for future generations.

UNDP Deputy Resident Representative in Vietnam Patrick Haverman applauded Vietnamese businesses for their timely action to protect the environment and human rights. “The right to living in a safe, clean, healthy and sustainable environment is the latest fundamental human right recognised by the UN Human Rights Council,” he said.

“Businesses’ commitment to put the Codes of Conduct into practice and strict compliance will contribute to effective protection of this newly recognised human right. UNDP is proud to support businesses in this effort together with our partners, thus embracing a bright future and sustainable living environment for next generations.”

Ola Karlman, Head of Promotion, Economic and Political Affairs at the Embassy of Sweden, pointed to the Swedish experiences of focusing on sustainability, human rights and social dialogue as means to make business thrive. “Climate change can no longer be ignored and companies that succeed in adapting to the increasing demand for sustainable products will see their revenues go up,” he said. “Respecting Human Rights and implementing responsible business practices is therefore not only right – it is also smart.”

The CoCs have received great support from businesses in Vietnam as well as experts and international certification organisations. They have been endorsed by LEAF Marque, a global system that adopts a whole-farm approach, certifying the entire farm business and products. LEAF Marque has 30 years of experience in developing and promoting regenerative agriculture. The development of the CoC is the first step in the process of building a certificate of environmentally responsible business across the two sectors. The next step is the development of a certification process that builds capacity for monitoring, evaluating, and labelling; developing specific testing, monitoring and guidance; and labelling regulations.

Source: Vietnam News Agency

Da Nang city resolved to revive tourism sector

Da Nang city, a large tourist magnet in the central region, is taking various measures in an effort to revive tourism in the new normal, after a long hiatus caused by the fourth wave of COVID-19 infections.

The tourism recovery plan is divided into two phases, with the first implemented right in the fourth quarter of 2021 and the second in 2022 – 2025, Deputy Director of the municipal Tourism Department Nguyen Xuan Binh told a teleconference on October 28.

Da Nang has resumed tourism activities to serve local visitors since the start of October, and it plans to begin welcoming tourists from other localities back in November.

The city will reopen to international travellers in accordance with the plan and guidance issued by the Government and relevant ministries and sectors, he noted, elaborating that it will receive foreign visitors through package tours, charter flights, and regular commercial flights on a trial basis from next month.

Tourism promotion plans have also been launched by the department, conveying the messages of “Da Nang Now Open” in Phase 1 and “Enjoy Da Nang” in the following one.

On this occasion, the Tourism Department debuted VR360 application at https://danangfantasticity.com, which promises interesting experiences for visitors who wish to explore the city online.

At the teleconference, the city’s Centre for Tourism Promotion and the Da Nang branch of the Viettel Military Industry and Telecoms Group signed a cooperation agreement on boosting digital transformation in tourism promotion.

The municipal Tourism Association, the Da Nang Tourism Promotion Fund, and many other agencies and travel companies also inked a deal to reactivate travel activities, showing their determination to revitalise the sector in the new normal.

Tran Phuoc Son, Vice Chairman of the municipal People’s Committee, said Da Nang views tourism as one of the key industries, and it will harness every resource to shore up the sector.

He also asked tourism service providers to seriously adopt anti-pandemic measures to ensure travel safety and effectiveness

Source: Vietnam News Agency