Approved green energy solutions

Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Illustrative image (Photo: AFP) Hanoi (VNS/VNA) - Climate change is one of the world’s biggest threats, and reducing emissions is the priority for all countries in the world and the lodestar for investment trends. Warmer temperatures are altering weather phenomena and disrupting the balance of nature, directly affecting human activities. The devastation caused by extreme weather disasters like typhoons, floods, and heat waves is worsening in many nations. And the economic damage caused by climate change is also increasing in line with global temperatures. Major storms destroy crops, costing billions of dollars, while rebuilding after each storm and flood requires a huge amount of money. The more extreme the climate, the more it damages economies. It is a positive sign that many countries have joined the fight for net zero emissions by 2050. Many people worry that it is unrealistic given the standard pace we have already set. However, an expert in the industry believes … [Read more...] about Financing’s role in reaching net-zero emissions

96 per cent of urban household wastes to be safely processed in 2023. - Illustrative image (Photo:VNA) Hanoi – Vietnam targets having 96 per cent of urban household wastes collected and processed up to standards this year, said Director of the Ministry of Natural Resources and Environment’s Vietnam Environment Administration Hoang Van Thuc. Up to 92 per cent of operating industrial and processing areas will have concentrated wastewater treatment systems while 40 per cent of household wastes will be processed through incineration, electricity generation, and recycling models instead of landfilling, Thuc said. Last year, Vietnam’s recycling industry expanded by 11.3 per cent annually, placing the country the 10th globally in terms of metal, plastic, paper and glass recycling, laying a foundation for circular economic development The Vietnamese Government has set a goal to raise the rate of solid waste collected and safely treated to 100 per cent in 2050 as part of the approved … [Read more...] about 96 per cent of urban household wastes to be safely processed in 2023

Vietnam targets having 96% of urban household wastes collected and processed up to standards this year, said Director of the Ministry of Natural Resources and Environment’s Vietnam Environment Administration Hoang Van Thuc. Illustrative image (Photo: VNA) Up to 92% of operating industrial and processing areas will have concentrated wastewater treatment systems while 40% of household wastes will be processed through incineration, electricity generation, and recycling models instead of landfilling, Thuc said. Last year, Vietnam’s recycling industry expanded by 11.3% annually, placing the country the 10th globally in terms of metal, plastic, paper and glass recycling, laying a foundation for circular economic development The Vietnamese Government has set a goal to raise the rate of solid waste collected and safely treated to 100% in 2050 as part of the approved national strategy on green growth for 2021-2030 with a vision to 2050. Overall, the … [Read more...] about 96% of urban household wastes to be safely processed in 2023

This year, the company aims to achieve a total revenue of nearly VND2.2 trillion, a year-on-year increase of 10%. Hanoi Railway Transport JSC, a subsidiary of the Vietnam Railway Corporation (VNR), reported an after-tax profit of VND4.3 billion (US$184,804) after two consecutive years of losses due to the impact of the Covid-19 pandemic. Haraco earns a profit of more than $184,000 after two years of losses. Photo: Hoa Thang In its financial report for the fourth quarter (Q4) of 2022, Hanoi Railway Transport JSC (Haraco) said its consolidated revenue in 2022 totaled more than VND2.3 trillion, up 49% compared to the previous year. Thanks to high travel demand, its revenue was VND566 billion in Q4/2022. 2021's loss amounted to more than VND121 billion. In early 2022, Haraco’s general meeting of shareholders approved a business plan with an expected loss of more than VND101 billion. According to the company representative, as transportation recovered after … [Read more...] about Hanoi Railway Transport makes profit after two years of losses