Energy transition model

Vietnam encourages Swiss investment in high-priority fields such as finance banking, insurance, manufacturing and processing, pharmacy, renewables, and tourism. Switzerland is committed to supporting Vietnam’s transition to a green economy by adopting circular economic practices and digitalization. Vietnam’s Deputy Prime Minister Tran Hong Ha and Switzerland’s Economy Minister Guy Parmelin. Swiss Finance Minister Guy Parmelin underlined this view in a meeting on January 16 (local time) with Vietnamese Deputy Prime Minister Tran Hong Ha, who is in Davos to attend the annual World Economic Forum (WEF). At the meeting, both sides expressed delight at the strong progress of Vietnam-Switzerland relations over the past 50 years, especially in politics-foreign affairs, economy, science-technology, education, and training. During the first 11 months of 2022, bilateral trade turnover reached US$721.3 million, while Switzerland currently has 197 foreign direct … [Read more...] about Switzerland to support Vietnam’s transition to green economy

Northwest Vietnam is benefiting from a project worth US$24 million to mainly develop community-based economic models. Australia’s Ambassador to Vietnam Andrew Goledzinowski has led a delegation to visit projects in Lao Cai, Yen Bai and Phu Tho that are benefitting from Australian support. Ambassador Andrew meets with Mr Dang Xuan Phong, Party Secretary of Lao Cai province. Photo: Embassy of Australia in Hanoi The visit on January 11-13 shows that Australia remains committed to supporting socio-economic development in Northwest Vietnam. In the meeting with leaders in Lao Cai and Yen Bai, the discussions confirmed that the northwest region remains a focus in the broader Australia-Vietnam bilateral partnership. Australian support is growing from an initial focus on clean water and agriculture to now include transport infrastructure, women’s economic empowerment, tourism development and private sector development to better the lives of men and women, … [Read more...] about Australia continues supporting development in Northwest Vietnam

Switzerland will support Vietnam in practicing digital transformation toward a digital economy and green growth, Guy Parmelin, member of the Swiss Federal Council and head of the Federal Department of Economic Affairs, Education and Research, affirmed on Monday. Federal Councilor Parmelin made the affirmation at his talks with Vietnamese Deputy Prime Minister Tran Hong Ha, who is in Switzerland to attend the five-day World Economic Forum’s Annual Meeting, which kicked off in Davos the same day, according to the Vietnam News Agency . The host and guest expressed their delight at the good development of the traditional friendship between Vietnam and Switzerland over the past 50 years, especially in politics, diplomacy, economics, development cooperation, science and technology, and education and training. The increasing two-way trade between the two countries reached US$721.3 million in January-November, and Switzerland now has 197 active foreign direct investment (FDI) projects … [Read more...] about Switzerland to assist Vietnam in shifting to digital economy, green growth

Vietnamese Deputy Prime Minister Tran Hong Ha on January 17 joined leaders of global enterprises in a discussion, and met with senior foreign officials as part of his activities at the 53rd World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. The January 17 discussion between Deputy PM Tran Hong Ha and global business leaders at the 53rd WEF Annual Meeting in Davos. (Photo: baochinhphu.vn) The discussion with leaders of global enterprises was an event WEF held specifically for Vietnam at this year’s meeting. It attracted about 20 executives of WEF member businesses operating in such fields as energy, green technology, and finance - banking. Opening the event, Ha underlined Vietnam’s development viewpoint that people are the centre, key player, goal, and momentum of sustainable development; the country will not pursue pure economic growth at the expense of social equality, progress or the environment; and it stays steadfast in implementing the … [Read more...] about Deputy PM meets with global business leaders, senior officials at WEF meeting

Deputy Prime Minister Tran Hong Ha (centre) (Photo: VNA) Davos (VNA) – Deputy Prime Minister Tran Hong Ha on January 17 attended, delivered speeches at important sessions, and had bilateral meetings, as part of his activities at the 53rd World Economic Forum (WEF) Annual Meeting in Davos , Switzerland. At a discussion of the Food Action Alliance, Ha shared Vietnam’s experience in ensuring food security and agricultural development, saying the country has attached special importance to agriculture, taking it an economic spearhead. The Party and the State have rolled out sound policies on agriculture and rural development, he said, noting that farmers, scientists, businesses and the State have been linked together and attention paid to international cooperation, notably the tripartite collaboration with the European Union (EU) and Africa. Regarding food transformation, Ha highlighted opportunities in energy transition in parallel with food transformation, and the … [Read more...] about Vietnam shares experience in ensuring food security, agricultural development

Vietnam would not sacrifice social advancement, equality, and the environment for economic growth. The Vietnamese government is calling for more support from international organizations and multinationals to help the country achieve its development goals, including the transition to a green economy. Overview of the forum. Photos: VGP Deputy Prime Minister Tran Hong Ha urged interlocutors at the Vietnam-World Economic Forum (WEF) global business forum held on January 17 in Davos (local time). According to Ha, Vietnam continues to put the people at the center of sustainable development. “The Vietnamese Government would not sacrifice social advancement, equality, and environment for economic growth while pushing for three strategic breakthroughs of infrastructure, legal framework, and human resources,” Ha said. In this context, Ha called for further support from multinationals to help Vietnam realize development goals, including the transition to a green … [Read more...] about Vietnam calls for int’l support in green development

The discussion with leaders of global enterprises was an event WEF held specifically for Vietnam at this year’s meeting. It attracted about 20 executives of WEF member businesses operating in such fields as energy, green technology, and finance - banking. Opening the event, Vietnamese Deputy Prime Minister Tran Hong Ha underlined Vietnam’s development viewpoint that people are the centre, key player, goal, and momentum of sustainable development; the country will not pursue pure economic growth at the expense of social equality, progress or the environment; and it stays steadfast in implementing the strategic breakthroughs in infrastructure, regulations, and human resources. He called on global business leaders to enhance cooperation with Vietnam to help the country create and maintain a stable macro-environment for development while actively and flexibly adapting to unpredictable changes, stabilize the macro-economy, and improve the economy’s resilience; build an independent and … [Read more...] about Deputy Prime Minister meets with global business leaders, senior officials at WEF meeting

Much remains to be done for Vietnam to reach the goal of becoming a developed country by 2045, but it is moving in the right direction. After a difficult year and on the eve of the Year of the Cat, international experts told The Hanoi Times about Vietnam's economic performance and their expectations for the country ahead. Carolyn Turk, World Bank Country Director to Vietnam: Vietnam’s economy bounces back well Carolyn Turk, World Bank Country Director to Vietnam. We all recognize that Vietnam has bounced back very well, partly driven by rising demand from domestic consumption and investment. But behind the steady growth, I would say there are some concerns. It should be noted that Vietnam’s economy is driven by global demand, so a scenario of global economic slowdown would be a huge challenge. Vietnam has a foreign trade size of an estimated 200% of GDP, so it is an open economy, and we cannot dissociate the fortunes of Vietnam from … [Read more...] about Vietnam’s economic outlook through prism of int’l experts

What is your take on the current global trend of green development today? Ramla Khalidi, resident representative of the United Nations Development Programme in Vietnam Climate change is increasingly compelling countries to restructure their economies. Daunting as all this may seem, crises can be a catalyst for change. The country parties to the United Nations Convention on Biodiversity have agreed on a new global biodiversity framework at the 15th Conference of the Parties in December in Canada, aiming to conserve biodiversity and natural resource, upon which the global economies and people are dependent. The trends are moving towards green growth. We can transform current challenges into the foundations of a more prosperous and stable future by investing in a green, resilient, and inclusive economy. For example, the world is presently experiencing its first truly global energy crisis. This is happening at a time when the cost of renewables continues to drop. What … [Read more...] about Catalysing change for all of society

Accordingly, economic diplomacy was strongly promoted, becoming the central task of the whole sector as well as of all 94 Vietnamese representative offices abroad, he added. The Ministry of Foreign Affairs, in collaboration with relevant ministries, agencies, and localities, concretized the Resolution adopted at the 13th National Party Congress in relation to economic diplomacy for national development until 2030. The diplomatic sector, together with other sectors, helped deepen relations between Vietnam and other countries, especially in the fields of economics, trade, and investment. Economic cooperation became the focal point in all external activities. It made contribution to promoting international economic integration and linkage, while promtly taking advantage of attracting external resources to serve new driving forces for development, especially green financial sources, investment in energy transformation, and investment in high-tech industries, among others. The … [Read more...] about Deputy FM highlights role of economic diplomacy in service of national development