Asian energy transition initiative

Established last December between Vietnam and the International Partners Group (IPG), the Just Energy Transition Partnership (JETP) could facilitate Vietnam in achieving its goal of net-zero by 2050 and a future for green power. Chan Hong and Vi Nguyen, lawyers, Dentons LuatViet, Dentons Global Highlights of Vietnam JETP $15.5 billion to be mobilised An initial amount of at least $15.5 billion will be deployed over the next 3 to 5 years through a combination of financial instruments with the following breakdown: • IPG members will mobilise half of that total ($7.75 billion) through public sector financing, likely on more attractive terms than Vietnam could secure in the capital markets. • Glasgow Financial Alliance for Net Zero Working Group (GFANZ) members will work to mobilise and facilitate the other $7.75 billion through private financing, once the public sector financing has been secured by the IPG. JETP Resource Mobilisations Plan The initiative … [Read more...] about $15.5 billion in financing for green energy from Just Energy Transition Partnership

ASEAN countries like Vietnam are not spared from the impact of climate change. Rapid economic development also means increasing demand for energy and power to meet the pace of growth, which leads to an increase in CO2 emissions. The journey to a cleaner future Takeshi Masuyama, Managing director, regional head of Vietnam, MUFG Bank, Ltd. The Vietnamese government has announced in various international forums its commitment to address environmental issues, and has firmed up its national net-zero target. In addition, the announcement of the Vietnam Just Energy Transition Partnership (JETP) in last December is another milestone and will further rally the private and public sectors towards accelerating the country’s green transition. MUFG is part of the working group convened by the Glasgow Financial Alliance for Net Zero (GFANZ) supporting the JETP initiative for Vietnam. The sustainability mission Since announcing our Carbon Neutrality Declaration in 2021, MUFG … [Read more...] about Committed to empowering a brighter future

Hanoi (VNS/VNA) - Vietnam will send its four best athletes to compete for medals at the Asian Indoor Athletics Championships 2023 in Kazakhstan later this week. It is the first continental tournament in which Vietnamese competitors will participate after three years of the pandemic. All four have performed impressively in recent tournaments, including the 31st SEA Games and the ninth National Sports Games (NSG) in 2022. Multi-time SEA Games winner Nguyen Thi Huyen will compete in the women's 400m event. Huyen successfully defended her 400m and 4x400m titles at the regional sports event in May in Hanoi. Seven months later, her domination continued at the NSG in the capital city, setting her seasonal best of 53.37sec. The SEA Games record breaker Nguyen Thi Oanh will participate in the women's 1,500m and 3,000m events. While the 3,000m steeplechase is usually her preferred event, the 3,000m is held instead in the indoor tournament. Oanh had a … [Read more...] about Four athletes to represent Vietnam at Asian indoor tournament

Hanoi (VNA) – In 2023, the Vietnam Atomic Energy Institute (VINATOM) will push ahead with researching and applying atomic energy for peaceful purposes and socio-economic development. According to its 2023 plan, VINATOM is set to step up scientific studies and application of research findings to health care, industry, agriculture, and the environment, helping with national socio-economic recovery and development after the COVID-19 pandemic. It will focus on its strong research areas, including nuclear physics, neutron physics, nuclear reactor physics, nuclear safety , nuclear fuel, environmental radioactivity monitoring, radiochemistry, and radiobiology in order to increase scientific reports on reputable international journals. The institute will also boost research and application of artificial intelligence and machine learning to the studies on nuclear structure and reaction, nuclear safety, environmental monitoring, and nuclear medicine. In addition, it will … [Read more...] about Institute to promote atomic energy research, application for peaceful purposes

In an interview with the press ahead of the PM’s trip from February 8-11, Deputy Minister of Foreign Affairs Do Hung Viet stressed that the relations between Vietnam and the two countries are based on a lot of similarities in politics, economy, culture, and people-to-people exchange. The trip is of great significance, he said, noting that this is the first by Pham Minh Chinh in his new position that aims to manifest the consistent policy of prioritizing relations with neighboring countries and ASEAN, as set at the 13th National Party Congress. He added that this is also the first official visit by a leader of the Vietnamese government to Singapore over the past five years, and to Brunei over the past nearly 16 years. Therefore, the visits are expected to deepen the strategic partnership with Singapore, an important economic partner of Vietnam, and the comprehensive partnership with Brunei, also a promising economic partner, according to the official. For Singapore, the visit … [Read more...] about Prime Minister Pham Minh Chinh’s Singapore, Brunei visits look toward cohesive ASEAN

After the welcoming ceremony, the host and Gen. Cuong held talks. At the meeting, the commander of the Royal Brunei Armed Forces expressed his honor to receive General Cuong and the Vietnamese delegation in Brunei. He highlighted the visit, stressing that it is of special significance in boosting political trust, mutual understanding, and cooperation between the two militaries, making substantive contribution to developing the comprehensive partnership between Vietnam and Brunei. Expressing thanks to the host for the solemn reception, General Cuong believed that the visit will help deepen the flourishing relations between the two militaries. The Vietnamese chief of the General Staff underlined the constant development in the two countries’ relationship over the past time. Especially, since Vietnam and Brunei elevated their ties to the comprehensive partnership during the Sultan of Brunei’s official visit to Vietnam in March 2019, the bilateral relationship has been closer with … [Read more...] about Comprehensive cooperation between Vietnamese, Brunei militaries promoted

Vietnamese Ambassador to Germany Vu Quang Minh holds a board saying the name of the new born elephant at Germany's Leipzig Zoo. (Photo: VNA) Berlin (VNA) – An elephant named Voi Nam whose parents were born in Vietnam and gifted to Germany’s Leipzig Zoo in 1984 and 1985 by Ho Chi Minh City's authority has welcomed its second baby elephant in the zoo on December 20, 2022. A ceremony to name the new born elephant was held on February 2 with the name “Bao Ngoc” (valuable gem) was chosen. Vietnamese Ambassador to  Germany Vu Quang Minh said that the baby elephant is an icon of the Vietnam-Germany friendship. Elephant Voi Nam was born in 2002, marking a big event for the Leipzig Zoo as the zoo’s elephant herb had a new member after 66 years. Voi Nam and female elephants which are all from Asian countries last year gave births to two elephants and are expected to welcome two others in the next few weeks. Thomas Guenther, director in charge of Asian species at the zoo, said that … [Read more...] about Baby elephant Bao Ngoc – an icon of Vietnam-Germany friendship

The following is the full text of the interview. Reporter: This year marks the 50th anniversary of diplomatic relations and 10th anniversary of strategic partnership between Singapore and Vietnam. How do you evaluate the Singapore-Vietnam relations in the past half century, especially in the last decade? What should the two countries do to further our bilateral cooperation and to advance the development of each country? Vivian Balakrishnan: The ties between Singapore and Vietnam have grown from strength to strength since we established diplomatic relations 50 years ago. We are longstanding friends and close partners that enjoy wide-ranging cooperation in many areas, both bilaterally and at multilateral fora. I am heartened that the bilateral relationship has continued to expand and evolve to tackle new challenges over the past decade. Our linkages are particularly strong in trade and investment. The 12 Vietnam-Singapore Industrial Parks (VSIPs) across Northern, Central, … [Read more...] about Prime Minister Pham Minh Chinh’s visit to enhance Singapore-Vietnam relations: Singaporean Foreign Minister

Entering 2023, Microsoft and Google announced global lay-offs of 10,000 and 12,000 employees, respectively. IBM laid off nearly 4,000 members, while Spotify cut about 6 per cent of staff. Since November last year, Meta, Amazon, and HP have also adjusted thousands of positions. Tech lay-off wave continues to bite at Vietnam’s heels, Illustration photo/ Source: freepik.com In Southeast Asia, Shopee parent company Sea Group, Crypto.com, e-commerce platform JD.ID, and GoTo – a merger between ride-hailer Gojek and e-commerce platform Tokopedia – are among the companies that experienced a drastic staff cut in the past year. GoTo in November 2022 cut 1,300 jobs, equivalent to 12 per cent of the number of employees, while Sea Group let go of 7,000 employees in the past six months. Both companies cited a common cause being challenging macroeconomic conditions. Industry insiders in Vietnam are generally wary of the effect this laid-off wave might have on the domestic market. … [Read more...] about Tech lay-off wave continues to bite at Vietnam’s heels

Rescuers in Turkey and Syria braved frigid weather, aftershocks and collapsing buildings Tuesday, as they dug for survivors buried by an earthquake that killed more than 5,000 people. Disaster agencies said several thousand buildings were flattened in cities across a vast border region -- pouring misery on an area already plagued by war, insurgency, refugee crises and a recent cholera outbreak. Through the night, survivors used their bare hands to pick over the twisted ruins of multi-storey apartment blocks -- trying to save family, friends and anyone else sleeping inside when the first massive 7.8-magnitude quake struck early Monday. "Where is my mum?" asked a distraught seven-year-old girl who was pulled -- her face, hair and pyjamas covered in dust -- from a collapsed building in Hatay, on the Turkish side of the border. Police officer Zekeriya Yildiz hugs his daughter after they saved her from the rubble in Hatay, southwest Turkey on February 6, 2023. Photo: … [Read more...] about Earthquake kills more than 5,000 in Turkey, Syria