Fresh start project

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

The image of Ao Tien high-class tourism urban area has been shared widely on social networks in recent days. (Photo nld.com.vn) Quang Ninh (VNS/VNA ) - The People's Committee of northern coastal Quang Ninh province has refuted information that it has allowed a project to conduct sea encroachment and subdivide land plots for sale, which seriously undermined the conservation of the UNESCO-recognised Ha Long Bay . The committee said the information circulating online about a development project encroaching into the bay in recent days was "not true." The image circulated was taken at in Ao Tien high-class tourism urban area project in Van Don district. The area was in Van Don economic zone, not in the Ha Long Bay, the province stressed. In recent days, the image of an urban area with divided land plots and an island in the middle of the area locating right close to Ha Long Bay has been shared widely on Facebook, stirring strong opposition about greed-driven … [Read more...] about Quang Ninh refutes allegations of sea encroachment in Ha Long Bay

Indonesian Navy corvette (Photo:indonesiaexpat.biz) Brussels (VNA) – The European Union and Indonesia held their first joint naval exercise in the Arabian Sea on August 14-15. The exercise involved Indonesian Navy corvette KRI Sultan Iskandar Muda and EU NAVFOR Somalia – Operation Atalanta frigate ITS Virginio Fasan. It was based on the scenario of an anti-piracy operation, including cross-deck helicopter landings, complex tactical evolutions at sea, boarding of suspicious vessels and fuel replenishment at sea. The EU project on Critical Maritime Routes in the Indo-Pacific (CRIMARIO) provided its Indo-Pacific Regional Information Sharing (IORIS) platform for communication between participants in the exercise. The EU and Indonesia have conducted a regular Security Policy Dialogue to strengthen cooperation on security issues. In November 2021, the sixth meeting of the dialogue discussed maritime security alongside the fight against terrorism and violent extremism, … [Read more...] about EU, Indonesia hold first joint naval exercise

The practical program aims to create a chance for troops to exchange as well as to evaluate training quality and sports activities among its affiliated units. In addition, it also contributes to raising training quality and the organization of training and sports activities at all levels, meeting task requirements in the current context. Via the festival, the organizing board will select outstanding athletes to take part in other festivals in the whole military. This year’s event draws the participation of 450 athletes from 23 units. They compete in tennis and volleyball contents. Addressing the event, Senior Colonel Nguyen Van Dai, Deputy Director of the Department of Logistics under the General Staff, requested functional units to ensure all conditions for the participants during the contest, conduct the festival as scheduled with absolute safety. Meanwhile, they should also make thorough preparations for the festival while observing military discipline. Referees were also … [Read more...] about VPA’s General Staff launches sports festival in 2022

Angkor Wat, a UNESCO world heritage site, is the tourist icon of Cambodia. (Photo: Khmer Times) Phnom Penh (VNA) - Cambodia expects to welcome 1.2-1.3 million international tourists in 2022, said Director General of Tourism Development and International Cooperation at the Ministry of Tourism Thong Rathasak. Recovering fast from the COVID-19 downfall, Cambodia is banking on increased arrival of foreign tourists this year, compared to the last two years. According to Rathasak, the Southeast Asian nation served over 500,000 foreign visitors in the first half of this year, and this was a good comeback compared to the number of 200,000 tourist arrivals last year.. COVID-19 was a big lesson as Cambodia n people learned to coexist with a pandemic, he said, hoping that people who left the tourism sector would come back and rebuild their businesses or careers. For Cambodia, 2022 started well as it got the chance to organise the ASEAN Tourism Forum (ATF), which was … [Read more...] about Cambodia eyes to serve 1.3 million foreign tourists in 2022

Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official

Staff of Sai Gon Bank interview candidates at a job fair held by the HCM City University of Economics in May. — Photo diendandoanhnghiep.vn Banks are focusing on digital transformation and automation, which has led to increasing demand for IT and data personnel, according to a report recently released by the recruitment service provider Navigos Group. Banks need high-quality human resources, yet it can be difficult and costly to find qualified staff due to market competition. Digital transformation has been undertaken by large banks in the past three to five years. Due to competition and the pandemic, numerous banks have expanded their digital transformation over the past two years. Searches by banks for mid- and high-level positions related to digital banking and digital transformation occupied half of bank jobs from the second half of 2021 to mid-2022. Some positions that are always in high demand for digital transformation include product owner, project manager, business … [Read more...] about Banks struggle to recruit personnel for digital transformation

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company