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AT A GLANCE

CLIMATE CHANGE STEERING COMMITTEE TO IMPLEMENT COP26 COMMITTENTS
Prime Minister Pham Minh Chinh signed a decision on December among ministries, sectors, and localities,
21 approving the establishment of a National Steering Committee and cooperation between Vietnam and
for implementing Vietnam’s commitments made at the 26th UN international organizations, develop-
Climate Change Conference of the Parties (COP26). Prime Minister ment partners, and countries and ter-
Chinh and Deputy Prime Minister Le Van Thanh are the head ritories. It will review and fine-tune relevant mechanisms, policies,
and deputy head of the Committee, respectively. The Steering laws, strategies, and plans, promote administrative reform to
Committee is an inter-sectoral organization, performing the create a favorable environment, and attract investment in developing
function of helping the Prime Minister research, direct, coordinate, infrastructure to respond to climate change. It will also direct the
and handle important interdisciplinary work related to the imple- implementation of programs, projects, and prioritized tasks to
mentation of the commitments. It is also tasked with helping respond to climate change, and promote energy transformation in
strengthen coordination in climate change response activities order to fulfill Vietnam’s commitments.

VNAT LAUNCHES ONLINE CAMPAIGN TOURISM PROMOTION
A special page called “Live Fully in Viet- The page will provide visitors with information on Vietnam’s tourism
nam”, at https://vietnam.travel, has been and images of the magical beauty of the country’s nature, culture, and
officially launched, according to a report people via the video “Live Fully in Vietnam”. It also provides visitors
on December 13 from the Vietnam with information and suggestions relating to culture, cuisine, health,
National Administration of Tourism (VNAT) at the Ministry of and beach resorts. With the campaign, for the first time since March
Culture, Sports and Tourism. A theme video for the campaign was 2020, foreign visitors will have the opportunity to experience new
also introduced on the page. This expresses the effort of VNAT to vig- tours and travel routes in the country. Vietnam’s reopening to inter-
orously implement the campaign in connection with introducing the national tourists is being implemented in three phases, starting from
new slogan for Vietnamese tourism: “Vietnam - Timeless Charm”. November, after nearly two years of being “frozen” due to Covid-19.

IT INDUSTRY VIETNAM AMONG TOP 10 IT PRODUCT EXPORTERS
Vietnam was one of the world’s ten leading exporters of electronic the ministry emphasized. The domestic
products in 2021, ranking second in smartphones and ninth in ICT sector earned $124.6 billion in
software outsourcing, according to a report from the Ministry of revenue in 2020, with growth in the
Information and Communications. The country currently boasts 2015-2020 period averaging 15.2 per
more than 58,000 information and communications technology cent annually; among the fastest of all economic sectors. Most
(ICT) enterprises and is hopeful of bringing the figure up to notably, information technology products, especially smartphones
100,000 by 2025. The ICT sector’s goal is to transform the Viet- and computers, were among the top 10 largest Vietnamese export
namese market from a destination for outsourcing and assembly groups in 2020, contributing to the country’s hardware and elec-
to a product manufacturer and service provider, an official from tronics trade surplus of more than $15 billion.

LARGEST ENTERPRISES IN 2021 ANNOUNCED VNR 500
The Vietnam Report JSC and the private enterprises include Vingroup, the Mobile World Investment
online VietNamNet newspaper Corporation, the Doji Group, the Hoa Phat Group JSC, and the
announced the 2021 list of the 500 Masan Group Corporation, among others. The average return
largest enterprises in Vietnam on assets (ROA) of the VNR500 enterprises was down 0.42 per-
(VNR500) and top 10 largest private companies on November centage points (ppts) from 2020, to 5.31 per cent in 2021, while
30. On the VNR500 list are Samsung Electronics Thai Nguyen their average return on sales (ROS) saw a year-on-year decline
Co. Ltd., Electricity of Vietnam (EVN), the Vietnam Oil and of 0.43 ppts, to 6.15 per cent, due to the Covid-19 pandemic.
Gas Group (PetroVietnam), the Viettel Military Industry and Meanwhile, return on equity (ROE) rose marginally, to 16.42
Telecoms Group (Viettel), and the Vietnam National Petroleum per cent from 16.24 per cent in 2020. The ROS in the State eco-
Group (Petrolimex), among others. The country’s 10 largest nomic sector witnessed a 1.82 ppt increase against 2020.

GREEN TRANSPORT VINBUS FLEET HITS HANOI STREETS
The VinBus Ecology Transport Services Limited Liability Company and operated intelligently through
(VinBus), the transport services arm of conglomerate Vingroup, centralized monitoring, charging, safety
launched its first electric bus route in Hanoi on December 2 and inspection, maintenance, repair, and
therefore the country’s first smart electric bus fleet. Its electric automatic cleaning at depots scien-
buses have a battery capacity of 281 kWh and are capable of tifically arranged according to VinBus primary lines. As of the
traveling 220-260 km. The buses can be quickly charged in just end of December, a total of 48 e-vehicles had been put into
two hours at a 150kW fast-charging station with the world’s operation on three bus routes in Hanoi, with six more routes
leading charging technology. All VinBus buses will be managed expected to be put into service in the capital in 2022.

www.en.vneconomy.vn JANUARY 2022 | VIETNAM ECONOMIC TIMES | 43