Dinh made the statement at the 10th Nevsky International Ecological Congress held in St. Petersburg in Russia, with the theme "Ecology: A Right, Not a Privilege," which drew nearly 1,500 delegates from 52 countries and territories. Lauding the theme of the congress, the Vietnamese representative said that Vietnam always puts the people at the center and considers the people as the most important motivation and highest target of sustainable development. Vietnam's commitment to net-zero emission by 2050 given at the 26th U.N. Climate Change Conference (COP26) showed the country’s determination and responsibility in joining hands with the international community in addressing global challenges in climate, environment and biodiversity downgrading, heading to a healthy planet, Dinh said. He underlined that it is necessary to build a suitable legal corridor, encouraging and supporting organizations, individuals and businesses to operate in a green and sustainable manner. Parliaments … [Read more...] about Parliaments should play stronger role in protecting environment for sustainable development: National Assembly Vice Chairman
Gujjar youth forum chairman
Meaningful activities held in response to “Youths and national sea and islands” program
It was part of the "Sentiment towards national borders, sea and islands" program, which is held annually by the GDP and military units nationwide. During the program, the organizing board presented gifts to 15 war veterans of no-number ships; 25 families of troops on duty on Truong Sa archipelago, and needy troops. Meanwhile, the MR4’s armed forces presented a "100 VND" house, worth VND 80 million, to Private First Class Tran Xuan Quy from Dong Trach commune, Bo Trach district, Quang Binh province; while the Quang Binh provincial Youth Union Organization handed over two houses, 30 livelihood models to youths’ relatives and schools in the areas. In addition, the organizing board also handed over 1,500 national flags, 400 life jackets to fishermen in the province, together with many other practical gifts, totally worth VND 1.8 billion. On the same day, the organizing board offered incense in tribute to President Ho Chi Minh and fallen soldiers in Quang Binh province, visited and … [Read more...] about Meaningful activities held in response to “Youths and national sea and islands” program
Children should be key consideration in ESG assessments: UNICEF Vietnam expert
Business practices are not sustainable if they do not take account of their impact on children, said a UNICEF Vietnam representative at a child rights and business forum held on Tuesday in Hanoi. The forum, co-held by UNICEF Vietnam and the Vietnam Chamber of Commerce and Industry (VCCI), underlined the need for responsible business practices that respect child rights and prevent adverse human rights impacts. Speaking at the event, Rana Flowers, representative of UNICEF in Vietnam, said that children, whom she described as the present and the future, should be a key consideration in Environmental, Social, and Governance (ESG) assessments. Businesses should assess impacts and risks objectively, and identify key practices that can minimize those risks and create a positive impact on children. In doing so, businesses will be able to enhance their competitiveness and sustainability and win the support of stakeholders, especially investors, who are socially conscious and looking at … [Read more...] about Children should be key consideration in ESG assessments: UNICEF Vietnam expert
☀️ Morning digest May 31
Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Prime Minister Pham Minh Chinh on May 30 visited educational institutions for disadvantaged children in Hanoi on the occasion of International Children’s Day (June 1) and Action Month for Children. At the SOS Hermann Gmeiner School, established in 1994 with its construction funded by the SOS Children’s Village, Chinh presented gifts to the school and its outstanding students. Read full story - A Child Rights and Business Forum was organised in Hanoi on May 30 by UNICEF Vietnam and the Vietnam Chamber of Commerce and Industry (VCCI), emphasising the need for responsible business practices that respect child rights and prevent adverse human rights impacts. Read full story - The national steering committee for green growth should work out specific solutions to realise green growth targets based on the country’s socio-economic conditions, Deputy Prime Minister and head of … [Read more...] about ☀️ Morning digest May 31
Power overhaul plan picks up steam
Vietnam’s long-awaited Power Development Plan VIII (PDP8), confirmed in mid-May, is a milestone in the country’s journey towards energy transition. The main objective of the legislation is to achieve energy security for Vietnam, progressing on its climate change commitments towards the middle of this century, and more specifically to export 5,000-10,000MW of power by 2030. Towards these goals, the PDP8 proposes a new energy mix with a substantial reliance on renewables and the development of smart transmission grids to support the renewables industry, including connecting the power grids with neighbouring countries. “We appreciate the government for the approval of the PDP8, as it provides a clear path to the completion of the grid interconnection, which is critical for us and Electricity of Vietnam (EVN) to complete agreement on the tariff and schedule of the power purchase agreement (PPA). We target completion of the PPA in Q4 of 2023 in order to break ground in 2024,” said Ian … [Read more...] about Power overhaul plan picks up steam
Local banks seek foreign funding
Meanwhile, in late July or early August, VPBank is set to receive over $140 million from its arrangement to sell a 15 per cent stake to Japanese partner SMBC. The bank received a deposit equal to $156 million from the Japanes bank in mid-April. Many other lenders are currently mulling over plans to sell a stake in their businesses to foreign investors, with deals values at billions of US dollars. The most eminent among those involve Vietcombank and BIDV. Vietcombank is mulling over a private placement of over 307 million shares between 2023-2024 to a foreign financier. Assuming that the purchase price is set at around $4 a share, as was the ticker price at the close of business last week, the state lender would acquire approximately $1.2 billion from any deal. Besides selling stakes in the banks themselves, many local commercial lenders are being proactive in seeking foreign funding. Similarly, BIDV is seeking to sell a 9 per cent stake equal to over 455 million … [Read more...] about Local banks seek foreign funding
Second home real estate on the slow path to recovery
Hotel supply in Vietnam has tripled over the past decade, photo Le Toan According to a report by DKRA Vietnam, the supply of villas and town houses across the country continued to decrease from the end of the second quarter of 2022. Specifically, in April only two projects were opened for sale, providing 12 apartments to the market, down 69 per cent from the previous month and down 98 per cent compared to the same period last year. Particularly, the Central region recorded the fourth consecutive month that no new projects were introduced to the market. “It is expected that in the next few months, supply and demand may increase slightly. However, the market will not have obvious fluctuations with key transactions, except from expected transactions on Phu Quoc island,” according to DKRA’s report. The primary selling price did not alter greatly compared to the previous month. Instead, investors have aggressively launched discounts up to 30-40 per cent to stimulate market … [Read more...] about Second home real estate on the slow path to recovery
HCM City eyes jump in economic growth to 5.87% in Q2
HCM City’s economic growth is expected to climb to 5.87 per cent in the second quarter of 2023, its leader has said. A view of HCM City at night. The city is expected to face economic headwinds during the rest of this year. — VNA/VNS Photo It was only 0.7 per cent in the first quarter. Speaking at a meeting on Tuesday, Phan Văn Mãi, chairman of its People’s Committee, said its economic growth in the first half is expected to be 3.55 per cent. Public spending in the first five months is expected to be worth VNĐ10.2 trillion (US$436.4 million), up 24 per cent year-on-year, he said. The global economic decline and high inflation will continue to affect the city’s economy across the board, hindering its recovery, he said. In May, the index of industrial production (IIP) rose by an estimated 1.5 per cent month-on-month and 5.5 per cent year-on-year. It was up 1.6 per cent year-on-year in the first five months. The services sector is expected to post the … [Read more...] about HCM City eyes jump in economic growth to 5.87% in Q2
Bac Giang helps farmers sell products on digital platforms
Bac Giang helps farmers sell products on digital platforms (Photo: baobacgiang.com.vn) Bac Giang (VNA) – The Chairman of the People's Committee of the northern province of Bac Giang has has just sent a dispatch asking for assistance to local farmers in selling their farm products on e-commerce platforms, contributing to boosting the development of digital agriculture and rural areas in the locality. digital skills and transactions on e-commerce platforms for agricultural production households in an attempt to ensure all products rated three-star or more under the One Commune One Product (OCOP) Programme are available on e-commerce platforms. platform s such as Postmart.vn of Vietnam Post Corporation and Voso.vn of Viettel Post Corporation to all agricultural production households and businesses. farmer s and related agencies with IT technology as well as procedures in packaging and delivery of products. VNA … [Read more...] about Bac Giang helps farmers sell products on digital platforms
Ho Chi Minh City to boost online exports
The Department of Industry and Trade of Ho Chi Minh City has said it will join hands with cross-border e-commerce platforms to support local exporters in shipping products to the world on a larger scale and in a more professional way. This is among the solutions that the city will adopt this year to help Vietnamese enterprises overcome difficulties and foster industrial production, trade, and green export. Enhancing business via online and digital channels will help exporting enterprises reduce costs and access customers faster, said Nguyen Nguyen Phuong, deputy director of the municipal Department of Industry and Trade. The department has worked with many e-commerce platforms and service providers to come up with support solutions, Phuong noted. Enterprises also need to take the initiative in cooperating with partners to better meet the requirements in importing markets. Huynh Kim Tuoc, co-chairman of the Digital Economy and Technology Committee under the American … [Read more...] about Ho Chi Minh City to boost online exports