Green

A corner of HCMC Today, the People's Committee of Ho Chi Minh City announced the city’s Covid-19 alert level 1 according to Resolution 128 of the Government. According to the announcement, the Covid-19 epidemic in Ho Chi Minh City is now at Covid -19 alert level 1 . Thu Duc city and 20 districts reached Covid-19 alert level 1 while Nha Be district alone is at Covid-19 alert level 2.  Districts 1 and Can Gio have recently shifted from Covid-19 alert level 2 to level 1. Last week, Ho Chi Minh City recorded 1,802 new cases, continuing to decrease sharply compared to the previous week with 3,122 cases and the previous weeks. By Manh Hoa - Translated by Uyen Phuong TAG : HCMC continues to be green zone Covid -19 alert level 1 … [Read more...] about HCMC maintains green zone for three consecutive weeks

Hồ Hoàng Oanh at the “No Waste To Go” store in Đà Nẵng City's Ngũ Hành Sơn District. —  Photo nhandan.vn ĐÀ NẴNG — Replacing plastic packaging with environment-friendly materials, Hồ Hoàng Oanh from Đà Nẵng City hopes to spread this shopping habit to everyone. The 35 year-old opened a grocery store “No Waste To Go” in Mỹ An Ward, Ngũ Hành Sơn District two years ago. Oanh told Nhân Dân (The People) newspaper: “Environmental issues were a concern at the time I opened the store two years ago. "Now we are more active in working together on climate change, on waste treatment, from agencies to the people. Many good signals are coming together at the same time, so I was more determined with my project.” She said she wanted to do something to contribute to changing human behaviour and to raise awareness over the damage caused by plastic waste. Oanh thought the best way to tackle the problem was to incorporate change in her daily lifestyle . She … [Read more...] about Young woman spreads green living lifestyle

Chairman of the Financial Service Authority (OJK) Wimboh Santoso (Source: Indonesia Stock Exchange) Jakarta (VNA) - Indonesia ’s Financial Services Authority (OJK) has launched a green finance taxonomy – the guidelines for financiers wanting to invest in the country’s green economy . Launched on January 20, the taxonomy lays out the terms to determine how environmentally damaging a business's operations are in Indonesia. The OJK classifies environmental damage into three tiers: green meaning the operations either protect or improve the environment, yellow meaning they do no significant harm and red meaning they are harmful. OJK chairman Wimboh Santoso said this first version of the taxonomy covered 919 business sectors and subsectors, but the regulatory body aimed to eventually cover 2,733 sectors and subsectors listed under the Indonesia Standard Industrial Classification (KBLI). With the launch, Indonesia has become the second country in the Association of … [Read more...] about Indonesia launches green finance taxonomy

The bank, in its letter to the government, has expressed its plan to financially back corporates’ promising and critical green and sustainable projects in Vietnam, which play a vital role in decarbonising the country’s economy. This forms part of HSBC's broader net zero pledge to help customers transition their business models and decarbonise by prioritising $750 billion to $1 trillion in finance and investment by 2030. According to HSBC, Ho Chi Minh City is among many cities in Asia (besides Mumbai, Shanghai, Bangkok, and Jakarta) that are increasingly threatened by rising sea levels. The World Bank also warned that Vietnam is one of the top five countries likely to be affected by climate change, adding the forecast that climate change will reduce the country’s national income by up to 3.5 per cent by 2050. For Vietnam to reach its net zero target by 2050, it needs to significantly invest in renewable energy and green infrastructure. HSBC has seen a huge surge in its activity as … [Read more...] about HSBC Vietnam commits $12 billion to the green development of Vietnam

Multinational Investment & Development JSC's workers install a rooftop solar power system for a frozen seafood factory in Dong Thap province. (Photo: VNA) Hanoi (VNS/VNA) - With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors. According to statistics from January last year to January this year, stocks of renewable energy companies all grew significantly, Truong Thanh Energy and Real Estate JSC (TEG) grew 175.59 percent, Licogi 13 JSC (LIG) rose 167.21 percent, Gelex Group JSC (GEX) gained 163.28 percent, Fecon JSC (FCN) increased 142.02 percent, Bamboo Capital Joint Stock Company (BCG) rose 141.22 percent. "There are a few reasons why renewable energy stocks have risen sharply in recent times, such as predictions that this power source will account for the largest proportion in the total capacity of Vietnam's power sources. The commitment of the Vietnamese Government to … [Read more...] about Investors looking forward to green energy stocks in 2022

VinFast exhibited five models of electric vehicles at CES 2022 in the US. Photo courtesy of VinFast Viet Nam's first automobile manufacturer VinFast recently announced it has established a headquarters in the United States and said it would soon open showrooms in California, as well enter this market with two electric crossover models to start a business in March 2022. VinFast also announced a plan to present its electric car models to the domestic market this year, in addition to setting up a network of electric 2-wheeler (E2W) battery swapping/renting stations in many cities, and that it will operate Vinbus services in five large cities with e-buses. This shows that across Viet Nam's automobile industry, there is a deepening awareness of the potential of EVs. With a population of approximately 100 million people, half of whom own motorbikes, the two-wheel electric vehicle market in Viet Nam still has a lot of room for development, not only in the sale of electric vehicles but … [Read more...] about Go green or go home: eMobility is Viet Nam’s future

Over the past few decades, the energy sector has played a fundamental role in driving Vietnam's rapid and inclusive economic growth. Vietnam’s commitment to embarking on an energy transition towards a cleaner, greener energy mix and more efficient use of energy is an important contribution, not only to the sustainable development of its economy but also to the global fight against climate change. Delegates at the meeting. Ambassador of the European Union to Vietnam Giorgio Aliberti gave the remarks at the 4 th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) took place today [January 24], as he co-chaired the meeting with Deputy Minister of the Ministry of Industry and Trade Dang Hoang An and Carolyn Turk - Country Director of the World Bank in Vietnam. “The EU - like many other development partners that have gathered today - is here to provide support and expertise to make this energy transition happen while ensuring access to affordable … [Read more...] about Vietnam’s green commitment supports global fight against climate change

HSBC Vietnam will mobilize funds from local and international financial markets to provide a wide range of sustainable solutions in green finance, debt finance, supply chain, trade, green deposits, and investment products. In support of the Vietnam Government’s aspiring climate goals and COP26 commitment to become a net-zero economy by 2050, HSBC Vietnam has announced its commitment to arranging up to US $ 12 billion of direct and indirect sustainable financing for Vietnam and the corporate sector in Vietnam by 2030. Vietnam is pushing for green growth development. Photo: Doan Thanh The bank, in its letter to the Government of Vietnam, has expressed its plan to financially and expertly back corporates’ promising and critical green and sustainable projects in Vietnam, which play a vital role in decarbonizing the country’s economy. This forms part of HSBC’s broader net-zero pledge to help customers transition their business models and … [Read more...] about HSBC Vietnam commits to arranging US$12 billion to green Vietnam

The Ministry of Industry and Trade stands alongside businesses to protect their legitimate rights and interests in trade remedy lawsuits What do you think of Vietnam’s economic recovery and response to trade remedies? Countries around the world are interested in promoting green growth, e-commerce and a digital economy. The selection of investment destinations and the rearrangement of supply chains and production networks promise to provide Vietnam with opportunities to participate more deeply in the global supply chain. The economic recovery of Vietnam’s important partners will provide support for the country in increasing production and promoting exports. However, Vietnam still faces many challenges due to the complicated developments of the Covid-19 pandemic, reduced resilience capacity and resources. Due to trade protectionism in some markets, the number of trade remedy cases against Vietnamese exports has increased strongly. Therefore, the proactive response of … [Read more...] about Government agencies help business respond to trade remedies

The sooner we realize that this undermines our efforts to achieve sustainable development, the better. A Chinese company came to Vietnam a few years ago, asking to buy every part of the shark catfish that we filleted, like their heads, fins, skin, fat and blood. Later, it turned this waste into a "fish skin snack with cheese," a canned product that sells like hot cakes in Vietnam. Eight years ago, another company figured out how to extract collagen and gelatin from the discarded skin of filleted fish. It used them to produce cosmetic products and shipped them around the world. I have traveled through the Mekong Delta and seen the ingenious ways people make use of discarded parts of tropical fruits, from pineapples to coconuts to jackfruits. No matter how ripe or unripe, there is always a use for them. The same goes for their leaves, branches and roots, things we pay no mind to when consuming the fruits. These things became fertilizer, feed, fuel and other things. When … [Read more...] about We continue to have a wasteful attitude to waste