BRITCHAM MONTHLY NEWSLETTER - JUNE 2023

BRITCHAM EVENTS

WELCOME TO OUR NEW MEMBERS

BRITCHAM ADVOCACY

ADVOCACY FOR CREDIT EXTENSION LIMIT TO SINGLE AND GROUP BORROWERS UNDER THE DRAFT LAW ON CREDIT INSTITUTIONS

The Single & Group borrowing limit issue under the draft Law on Credit Institutions has emerged as a crucial concern for both the banking and private sectors in Vietnam. This issue carries significant implications for the overall Vietnamese economy as well.

BritCham, in response to the issue under the draft Law on Credit Institutions, has signed a joint letter with other chambers of commerce, expressing concerns and recommendations to the Prime Minister, National Assembly, and SBV Governor.

Additionally, BritCham has actively participated in a meeting with the National Assembly on this issue and has been supporting the joint letter initiated by the UK Embassy on this matter. Please find the letter?here.

BRITCHAM CO-HOSTS DIALOGUE WITH MOLISA ON WORK PERMITS

BritCham, AmCham, EuroCham, and JCCI co-hosted a Dialogue organized by EuroCham and the Ministry of Labor, War Invalids and Social Affairs (MOLISA) to discuss work permits and the amendment of Decree 152. MOLISA was represented by Mr. Vu Trong Binh, Director of the Employment Department of MOLISA.

The Dialogue covered topics such as the development of the labor force in Vietnam; expectations for the amendment of Decree 152; the definition of “expert” in the context of a work visa application; simplifying visa procedures; and the importance of skilled workers for Foreign Direct Investment.

INDUSTRY UPDATE

POWER DEVELOPMENT PLANNING 8 OF VIETNAM

After almost four years after the first draft was presented by the Ministry of Industry and Trade(MOIT) to the Government, Vietnam’s national power development planning for the period of 2021-2030, with a vision to 2050 (PDP8) has finally been approved on 15 May 2023. Deputy Prime Minister Tran Hong Ha signed Decision No. 500/QD-TTg signed on behalf of the Prime Minister.

In this legal update, we will look at the most essential takeaways from the approved PDP8.

MEMBER NEWS

UNILEVER – IMPROVING THE PLANET HEALTH FOR A MORE SUSTAINABLE BUSINESS AND FUTURE?

Unilever has set out and driven a range of commitments and actions to fight climate change, protect and regenerate nature, and preserve resources for future generations in Vietnam.

The business strives to drive net-zero emissions in their operations and value chain through utilizing renewable resources, building green facilities, and collaborating with partners on net-zero solutions. Unilever Vietnam has achieved carbon neutrality since 2021 and closely worked with more than 200 suppliers and partners to reduce carbon emissions in their upstream and downstream activities. Planting trees is an initiative Unilever focuses on for nature regeneration and positive carbon contribution. The company has currently planted 380,000 trees with 60,000 seed balls sown in 19 cities and provinces nationwide, and 9 national parks; and just kicked off their 250,000-tree planting campaign of 2023.

For a waste-free world, the business pioneers in circular economy in plastic waste management through Public-Private Collaboration with MONRE, and purposeful partnerships with partners and recyclers. Their collaborative projects have got 20,000 tonnes of plastic waste segregated and collected to facility the recycling process afterwards. The partnership with Duy Tan Recycling also opens a new ambition of 30,000 tonnes of plastic waste to be collected and recycled by 2027. Besides, Unilever Vietnam itself also focuses on developing sustainable packaging with 73 per cent packaging recyclability, and 82 per cent plastic reduction through absolute reduction and PCR inclusion.

UNLOCK YOUR CHILD’S POTENTIAL AT BVIS HCMC

We’re the leading bilingual international school in Ho Chi Minh City, and part of Nord Anglia Education’s family of premium schools. Only at BVIS will your child experience a unique bilingual international curriculum, enhanced by collaborations with world-leading organisations such as MIT, Juilliard and UNICEF.

Our unique personalised approach to learning means your child will achieve more than they ever thought possible. Every year, our graduates receive offers from the top universities around the globe, including in the US, the UK, Canada, Australia, and Vietnam.

Admissions is open for academic year 2023-2024

Contact us to start your child’s learning journey at BVIS today!

British Vietnamese International School Ho Chi Minh City

- Address:?44-46 Street 1, Binh Hung, Binh Chanh, HCMC

- Telephone:?028 3758 8033

- Website:?www.bvisvietnam.com

- Email:?[email protected]

Sponsorship Opportunities available

Interested? Click?HERE?and get in touch with our team.