Climate change in vietnam

Vice President Dang Thi Ngoc Thinh (R) hosts a reception for Andy Kinsella, Chief Executive Officer of Ireland-based Mainstream Renewable Power (Photo: VNA) Hanoi (VNA) – Vice President Dang Thi Ngoc Thinh hosted a reception for Andy Kinsella, Chief Executive Officer of Ireland-based Mainstream Renewable Power, in Hanoi on November 20. The official spoke highly of the Irish company’s investment in Vietnam in the renewable energy industry, which the country has huge demand for and many Irish businesses boast strength in. She highlighted that electricity is among vital demands in Vietnam’s sustainable development orientations, highly valuing the feasibility of Mainstream Renewable Power’s current wind energy project. The Vice President voiced her hope that the company’s project will promptly go into operation. Vietnam’s Phu Cuong Group and the Irish company recently signed a cooperation deal worth 2 billion USD to build and operate a wind farm … [Read more...] about Ireland’s renewable energy developer pledges support for Vietnam

MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

Human activities in the Son Tra Nature Reserve had changed the basic instincts of langurs and monkeys, while threatening the primate population with human-to-wildlife transmitted diseases, according to biologist Tran Huu Vy. A troupe of endangered red-shanked douc langurs can be found living near a resort in Son Tra Nature Reserve in Da Nang. Booming construction and poor control of mass tourism has threatened the existance of the species and biodiversity in the reserve. — VNS Photo Le Phuoc Chin Rangers have witnessed the red-shanked douc langur – an endangered primate only found living in Vietnam and Laos – crossing power lines to seek food in separated jungles. Scientists have voiced their concerns about the negative impacts on the habitat of monkeys and langurs in the Son Tra reserve caused by humans feeding them. The city has yet to find an effective solution to deal with the conflict between humans and wildlife in the reserve, including feeding wildlife, … [Read more...] about Sustainable protection needed for Son Tra Reserve

The HCM City Department of Industry and Trade has established linkages between 32 biodegradable plastic bag production enterprises and food enterprises. Biodegradable bags in Vietnam and barriers HCM City to reduce plastic waste HCM City encourages food enterprises to use eco-friendly packaging instead of plastic. —Photo ffa.com.vn The eco-enterprises are given preferential treatment for housing, technologies and equipment. Besides supporting policies, the government also has policies to minimize the use of plastic bags, such as increasing environmental protection taxes on goods using plastic bags for packaging from VND10,000 (US$0.43) to VND50,000 (US$2.14). According to the city department, these plastic bag production enterprises have not cooperated with enterprises in the food sector. This cooperation will give enterprises an opportunity to understand each other's demands, and bring eco-friendly bags into the food industry, according to the department’s … [Read more...] about HCM City connects biodegradable production enterprises with food enterprises

LONDON, UK - African Media Agency - 20 November 2019 - Africa Finance Corporation ("AFC," the "Corporation" or the "Borrower"), Shinhan Bank London Branch and South Africa's Nedbank Limited, London Branch (both the "Bookrunner and Mandated Lead Arrangers" or the "BMLAs") are pleased to announce the successful closing of AFC's inaugural US$140,000,000 Kimchi Term Loan Facility ("Facility"). Mr B.H Sung, Chief Rep. Bank of Korea; Mr J.H. Lee, Chief Rep. Financial Supervisory Service in Korea; Mr C.B. Park, General Manager of KEB Hana Bank, London Branch; Mr. Samaila Zubairu President & CEO of Africa Finance Corporation (AFC); the Head of Group & Global Investment Banking, Shinhan Financial group; the Director of Investment Banking, Nonghyup Bank; Mr H.S Kim, Minster of counseller (Economy and Finance), Korea Embassy in London and Mr S.H Seo, General Manager of Shinhan Bank, London Branch The Facility is AFC's first Korean-focused loan facility and an important step as … [Read more...] about Africa Finance Corporation Closes US$140 million Kimchi Term Loan Facility