Delegates launch Earth Hour 2023 campaign (Photo: VNA) Hanoi (VNA) – More than 1,000 people joined a Race for Earth Hour 2023, which took place around Hoan Kiem Lake in the heart of Hanoi capital on March 18. The race was one among the activities held in Vietnam to respond to the Earth Hour this year. Citizens nationwide are encouraged to take a simple but meaningful act of turning off lights and other unnecessary devices from 20:30 to 21:30 on March 25. An online quiz to learn about the Earth Hour is being held for the first time on the website of the National Energy Efficiency Programme at tietkiemnangluong.com.vn. The Earth Hour is an initiative launched by the World Wildlife Fund (WWF) and is the largest social event globally. So far it has been observed in 7,000 cities and towns across 172 countries and territories globally. Vietnam first joined the Earth Hour campaign in 2009. In 2022, the country saved 309,000 kWh of electricity, equivalent to 576.1 … [Read more...] about Over 1,000 people run in response to Earth Hour 2023 in Hanoi
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Hanoi’s volunteers run in response to Earth Hour 2023
Saving electricity should become a habit to help build a greener future and achieve net zero by 2050. More than 1,000 professional and amateur athletes participated in a race around Hoan Kiem Lake in downtown Hanoi on March 18 in response to the Earth Hour 2023 campaign. Organized by the Ministry of Industry and Trade (MoIT), the race was one of the activities held in Vietnam in response to this year's Earth Hour. Through this race, the organizing committee hopes to continue to raise people's awareness of energy conservation, environmental protection, and climate change by turning athletes into ambassadors who spread the message of "Saving Electricity - Becoming a Habit". In particular, the communities are called upon to save electricity, save energy and protect the environment not only in one hour but on a regular basis during the 365 days of the year. Delegates activate the activities in response to the Earth Hour Campaign. Photo: Nguyen Van … [Read more...] about Hanoi’s volunteers run in response to Earth Hour 2023
Their time to slime: who will be ‘Mollusc of the Year’?
Will you choose beauty? The carnivorous Wavy Bubble Snail, perhaps, with its billowing skirts shimmering under UV light. Or will it be age? Like the venerable 500-year-old Methuselah oyster. Or will you be seduced by the leopard slug with its gymnastic mating ritual? The list of finalists for Mollusc of the Year has something for everyone. In a public vote ending Sunday, five species of soft-bodied invertebrates are vying to follow in the illustrious trail of previous winners, dubbed the "world's most beautiful snail" and "weirdest octopus". The grand prize? The triumphant species will have its genome decoded to better understand its evolution and potential benefits to humanity. The International Mollusc of the Year competition, which kicked off this month, is run by the LOEWE Centre for Translational Biodiversity Genomics, based in Germany. Organisers have whittled down the field from 85,000 mollusc species, thanks to nominations by researchers from around the world. By … [Read more...] about Their time to slime: who will be ‘Mollusc of the Year’?
More flexible visa policy finally on cards after multiple gripes
At last week’s tourism recovery conference in Hanoi, Prime Minister Pham Minh Chinh stated that Vietnam will waive visas for more countries and extend the duration of stay for international tourists to accelerate the recovery of tourism. Better conditions will also be created for airlines to open direct routes to Vietnam. More flexible visa policy finally on cards after multiple gripes, Photo source: freepik.com The prime minister stressed that after Vietnam reopened its tourism market, it failed to attract foreign visitors as expected in 2022. There has been a lack of attractive tourism products and quality remains limited, he said. According to Pham Hai Quynh, director of the Asian Tourism Development Institute, easing visa requirements is a starting point for attracting more tourists to the country. It also encourages travellers to stay longer and explore more. “With improvements in visa openness, Vietnam is likely to woo more tourists and investors to Vietnam. … [Read more...] about More flexible visa policy finally on cards after multiple gripes
BAC A BANK offers new credit cards with incentives
With the outstanding feature of earning points and cashback, and with many attractive incentives, the products promise to become a solution to help customers manage their finances effectively, flexibly, and proactively. BAC A BANK MasterCard cardholders will enjoy many attractive and competitive fee and interest rate policies such as free-of-charge card issuance, annual fee for the first year, interest free payments of up to 45 days, or 0 per cent interest instalment payments with flexible terms up to 12 months. BAC A BANK offers new credit cards with incentives The waiver of most fees will provide cardholders with a more useful and practical experience. Customers are both comfortable and assured when using BAC A BANK international credit cards to meet their personal financial needs, while still being able to take advantage of their cash flows to optimise costs. Besides the fee privileges, customers can also experience the most modern contactless card payment … [Read more...] about BAC A BANK offers new credit cards with incentives
Vietnam’s energy transition facing challenges
Vu Chi Mai, an expert from the German Agency for International Cooperation (GIZ), said that with its incentive mechanisms, Vietnam has rapidly developed solar and wind power sources, bringing the proportion of renewable energy to nearly one-third of the installed capacity of the national power system. However, bringing those energies to the national grid faces limitations because the transmission system is often at full capacity. In addition, to promote the available capacity of these clean power sources, Vietnam must invest in more stable and flexible power sources such as pumped hydropower storage or storage systems for solar power plants. Another big challenge is that during the energy transition, the replacement of traditional fuels from gasoline, coal, and gas to electricity is huge. On the positive side, it will help reduce emissions to the environment, but this puts great pressure on the electricity industry, both in operation management and in the concerted development of … [Read more...] about Vietnam’s energy transition facing challenges
Careful action required to curb inflation threat
The maximum short-term lending rate for borrowers in some sectors will be reduced, photo Le Toan The State Bank of Vietnam (SBV) last week took bold steps to soften the regulatory interest rates for the first time in two years, in a bid to support the capital-thirsty local business community. The central bank issued two decisions on reducing key interest rates by 0.5 to 1 per cent, which took effect on March 15. Under Decision No.313/QD-NHNN, the rediscount interest rate will be revised down from 4.5 per cent per year to 3.5 per cent. Overnight lending rates in interbank electronic payments and loans to cover capital shortfalls in clearing payments of the SBV for credit institutions will be dropped from 7 per cent per year to 6 per cent. Particularly, the refunding interest rate will remain unchanged at 6 per cent on an annual basis. Meanwhile, under Decision No.314/QD-NHNN, the maximum short-term lending rate in VND of credit institutions for borrowers to meet capital needs … [Read more...] about Careful action required to curb inflation threat
Vietnam’s status as one of world’s most livable countries brings real estate opportunities
The expat community is often made up of fascinating, knowledgeable, and talented individuals. They choose to become expats and move to another country due to job requirements, a desire for freedom, adventure, or a love for the culture, lifestyle, and people of that country. In recent years, Vietnam has become an ideal destination. Many people choose Vietnam for the opportunities to develop their talents, increase their income, and get a stable life. Simultaneously, strong economic integration has also led to an increase in the number of foreign experts sent to Vietnam by international companies and corporations. Combined, these factors have contributed to the blossoming expat community in major cities such as Hanoi and Ho Chi Minh. The expat community is often categorised as a high-income group. They have experienced all sorts of high-class living spaces before, which explains their strict requirements for the home. In Hanoi, Tay Ho is a popular destination for the elite … [Read more...] about Vietnam’s status as one of world’s most livable countries brings real estate opportunities
Manufacturing in Vietnam – assumptions vs. reality
The US-China trade war and the pandemic have urged companies to relocate production to avoid tariffs and the need to rely on a single market. These dynamic factors have created an extraordinary opportunity for international investors to take advantage of the regional growth perspective and focus their attention on Vietnam, particularly in the manufacturing sector. This short Q&A with Minh Nguyen, director of Leasing and Facilities Management at BW Industrial, will cover the manufacturing environment and the opportunities available for international investors that are interested in expanding their operations in Vietnam. Minh Nguyen , BW director of Leasing and Facilities Management An overview of manufacturing in Vietnam in 2022 General director of the General Statistics Office Nguyen Thi Huong states that Vietnam’s GDP growth reached 8.02 per cent in 2022, the highest on record since 2011. The GDP per capita and labour productivity also grew to $4,110 … [Read more...] about Manufacturing in Vietnam – assumptions vs. reality
Helicopters fly ill foreign patients to Con Dao for treatment
According to Hoyer Transport Vietnam Co., Ltd., while en route from Kohsichang port (Thailand) to Lian Yun Gang port (China), Captain of Ship MV Wuzhou 8 (Chinese nationality) discovered that 18 out of 21 crew-members had signs of food poisoning and needed urgent medical care. The ship was about 110km southeast of Con Dao island district. Having receiving higher levels’ direction, VNH South promptly deployed forces, made all preparations, and sent helicopters EC-225 and Super Puma L2 carrying doctors and nurses to fly the foreign patients to Con Dao for treatment. All crew-members were determined to save the foreigners while ensuring absolute safety. Despite complicated weather conditions caused by the circulation of the fourth (Noru) storm, the crews of VNH South’s helicopters EC-225 and SuperPuma L2 flexibly and closely coordinated with relevant units to fly ill foreign sailors to Con Dao island district of Ba Ria - Vung Tau province in a timely and safe manner. At present, … [Read more...] about Helicopters fly ill foreign patients to Con Dao for treatment