Rangers pose with one of the newly-recognised giant crape-myrtle tree. (Photo: VNA) Dak Nong (VNA) – A forest of old trees in the Central Highlands province of Dak Nong has been recognised as ‘heritage trees’ by the Vietnam Association for Conservation of Nature and Environment ( VACNE ). The centuries-old include 36 giant crape-myrtle trees, known as “bang lang”, and one old banyan tree in Quang Truc border commune of Dak Nong’s Tuy Duc district. In 2011, VACNE launched a programme to conserve Vietnam’s heritage trees, aiming to select and honour the country’s trees in a bid to conserve their gene sources, while raising public awareness of environmental protection. It also contributes to promoting the diversification and abundance of Vietnam’s flora as well as developing scientific research in the field. To win the honour, the trees must be at least 200 years old in the case of wild trees, and 100 years for the planted. Moreover, the trees should be … [Read more...] about Central Highlands old trees earn ‘heritage tree’ title
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AFD, EU strengthen urban climate resilience in Vietnam
The AFD and EU have been actively supporting Vietnam in the areas of climate change mitigation and adaptation. Vietnam will receive financial aid from the EU and the Agence Française de Développement (AFD) to reduce the vulnerability to climate hazards in several towns in four northern and central provinces. The project is jointly co-financed with a EUR5 million (US$5.36 million) grant from the EU, a EUR123 million ($132 million) ODA loan from the AFD, and EUR 28 million ($30 million) from provincial budgets. The principal goal is to help localities adapt to climate change and recover from natural disasters such as flooding, typhoons, and drought. Delegates attend the launching ceremony. Photo: the Embassy of France in Vietnam The regional towns include Phat Diem in the northern province of Ninh Binh, Ngoc Lac in the central province of Thanh Hoa, and Hoang Mai in the central province of Nghe An, Huong Khe, and Thach Ha in the central province of Ha Tinh. … [Read more...] about AFD, EU strengthen urban climate resilience in Vietnam
Vietnam’s long-term credit rating upgraded to “BB+”: S&P
S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P
Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue
The Vietnam Bear Rescue Center will be located at Bach Ma National Park in the Central province of Thua Thien-Hue. The new facility will be constructed on an area of 12.7 hectares including 12 houses and 12 semi-wild houses with a total non-refund donation of US$10.5 million from Animals Asia. According to the Vietnam Bear Rescue Center, on May 27, the Forest Protection Department under the Ministry of Agriculture and Rural Development , the Bach Ma National Park coordinated with the Animals Asia to organize a ceremony to publicize the project, which will be built in the administrative-service area of the Bach Ma National Park to serve over 300 species of bear in a semi-natural environment. The project is expected to start construction in 2022 and be completed in four years later. Doctor. Jill Robinson MBE, the founder and General Director of Animals Asia Speaking at the ceremony, Deputy Director of the Forest Protection Department Nguyen Quoc Hieu informed that … [Read more...] about Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue
Vietnam likely to consider nuclear power development
The Economic Committee of the National Assembly (NA) has recently proposed developing nuclear power over the next decades to ensure national energy security and meet the ‘net zero’ goal Vietnam set at the 26th UN Conference on Climate Change (COP26). Vietnam is likely to develop nuclear power in the coming decades to ensure national energy security and meet COP26 commitments. (Illustrative photo by AFP). Nuclear power proposal Vietnam put the Ninh Thuan 1 & 2 nuclear power plant projects on hold under a NA resolution in 2016 for safety reasons and in order to mobilise resources for other key projects. In a report overseeing the implementation of the resolution, the Economic Committee of the National Assembly suggested that Vietnam consider developing nuclear power over the coming decades, and the Ninh Thuan projects should be reactivated at an appropriate time. It reasoned that nuclear power is a low-carbon source of electricity that will make an … [Read more...] about Vietnam likely to consider nuclear power development
Workshop discusses restoration of endangered turtle populations in Vietnam
Experts and delegates at a workshop on May 27 discussed challenges to the restoration of wild turtle populations in Vietnam, and the possibility of reintroducing turtles in the central region. Illustrative image (Source: internet) The workshop was held by the Nature and Biodiversity Conservation Agency at the Vietnam Environment Administration under the Ministry of Natural Resources and Environment, in coordination with the Asia Turtle Proramme. Hoang Thi Thanh Nhan, deputy head of the agency, said scientists have found 25 species of tortoises and freshwater turtles along with five species of sea turtles in Vietnam. Vietnam accounts for 9 percent of turtle species globally. However, their populations are rapidly declining due to the loss of habitats and illegal hunting and trade, with many on the edge of extinction. To build and implement conservation programmes for endangered precious and rare species, the Prime Minister on September 12, 2019 … [Read more...] about Workshop discusses restoration of endangered turtle populations in Vietnam
Vietnam’s child labor rate lower than Asia-Pacific average: official
Vietnam’s rate of child labor is 9.1 percent, around two percentage points lower than the average in the Asia-Pacific region, an official told a workshop held in observance of World Day Against Child Labor 2022 (June 12) on Friday. The 9.1 percent equates to more than one million children in the 5-17 age group engaging in labor, Deputy Minister of Labor, War Invalids, and Social Affairs Nguyen Thi Ha cited results of a survey done in 2018 by her ministry, the General Statistics Office, and the International Labor Organization (ILO). The country’s child labor rate has been on the decline since 2012, when it was 15.5 percent, according to Ha. However, the issue has lingered and tends to take place in informal fields, such as household enterprises and manufacturing and production supply chains, which makes it difficult to detect. Therefore, the Vietnamese government has sped up multiple efforts to end child labor in all its forms, Ha emphasized. In contrast with the Vietnamese … [Read more...] about Vietnam’s child labor rate lower than Asia-Pacific average: official
Engagement in U.N. peacekeeping missions – prominent point in Vietnam’s multilateral diplomacy
The spirit of dedication and responsibility of Vietnamese soldiers has helped spread the image of the country and people of Vietnam who love peace for a prosperous and progressive human community. President Nguyen Xuan Phuc has assessed the engagement in U.N. peacekeeping operations over the past 8 years as a highlight in the multilateral diplomacy of the country’s Party, State and military. The establishment of the Vietnam Peacekeeping Center (now the Vietnam Department of Peacekeeping Operations) and the send-off for the first two VPA officers to work as liaison officers at the U.N. Mission in South Sudan on May 27, 2014, marked the nation's official participation in U.N. peacekeeping operations. On November 13, 2020, the National Assembly passed Resolution No.130/2020/QH14 on joining the U.N. peacekeeping force, which clearly stipulates principles, forms, fields and forces, competence, force deployment process, guaranteed funding, regimes, policies and state management for the … [Read more...] about Engagement in U.N. peacekeeping missions – prominent point in Vietnam’s multilateral diplomacy
Private firms eager to invest in expressways
Vietnam’s biggest conglomerate Vingroup and largest private lender Techcombank have been given the green light to conduct a pre-feasibility study on the Gia Nghia - Chon Thanh expressway. The consortium will have to submit its report by Aug. 31, according to the Ministry of Transport (MoT). Once the report is appraised and approved, the MoT will start a bid to select investors for the expressway, with Vingroup-Techcombank able to participate in the process should they want to. The expressway will stretch 212 kilometers with four-six lanes and a maximum speed of 80-100 kph. It will connect Central Highland Dak Nong and southern Binh Phuoc provinces. Another consortium, led by Deo Ca Corporation, has proposed to invest in two expressway projects in the north, Dong Dang - Tra Linh and Huu Nghi - Lang Son. Workers construct the 98-kilometers Cam Lo - La Son expressway connecting central Quang Tri and Thua Thien Hue provinces, February 2021. Photo by VnExpress/Vo Thanh … [Read more...] about Private firms eager to invest in expressways
Banks promote lending to exporters amid Việt Nam’s positive shipments
Workers process shrimp for export at a firm in the South. Total outstanding loans in HCM City by the end of April 2022 reached more than VNĐ3 quadrillion, of which about VNĐ196 trillion was poured into the Government’s priority areas, including exports. — Photo thoibaonganhang.vn HÀ NỘI — Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year. Nguyễn Đức Lệnh, deputy director of the State Bank of Vietnam (SBV)’s HCM City branch, said total outstanding loans in HCM City by the end of April 2022 reached more than VNĐ3 quadrillion (US$130 billion), of which about VNĐ196 trillion was poured into the Government’s priority areas, including exports. According to Lệnh, the loans have helped many firms in industrial parks and export processing zones maintain production and business. The credit growth for the firms reached 24.4 … [Read more...] about Banks promote lending to exporters amid Việt Nam’s positive shipments