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Work on the Bien Hoa - Vung Tau Expressway between the beach city of Vung Tau and the industrial city of Bien Hoa in Dong Nai Province began in June. But contractors have yet to receive cleared land to build the expressway in Dong Nai. Slated to cost around VND18 trillion (US$755.67 million) in total, the expressway will run 53.7 km in Ho Chi Minh City and 34 km in Dong Nai before reaching Ba Ria - Vung Tau Province. In Ba Ria – Vung Tau, 80% of site clearance has been completed, while in Dong Nai progress has reached just 6%. Nguyen Hong Que, deputy director of the board that is in charge of site clearance and compensation for the expressway in Dong Nai, said 290 hectares still need to be cleared to serve the project. Of 3,700 houses that need to be removed, many were built illegally, and their owners do not have official house ownership certificates. Instead, they have only hand-written papers, making it complicated for compensation procedures, said Que. In addition, … [Read more...] about Site clearance delays road construction in Dong Nai

Print has been the mainstay, but times change and so must the press. Photo: Le Toan Since taking a role as an economic counsellor at the Indonesian Embassy to Vietnam a few years ago, Ance Maylany Napitupulu has considered the local media a reliable source of information for her work. “I’m quite impressed by what Vietnam Investment Review has been doing in conveying information via in-depth stories on both online and print newspapers, and especially in organising events,” Napitupulu said. Napitupulu attended VIR ’s conference themed “Stronger Investment Partnerships for a Thriving Vietnam” in May, where she had an opportunity to establish relations with experts. This was the second time that Napitupulu had participated in such large-scale events led by VIR , which she said is becoming a professional event organiser besides its well-established expertise in the Vietnamese press. “I hope to have another opportunity to attend VIR events as they will provide me with new … [Read more...] about Evolving demands and trends dictate VIR‘s future

Vinh Long’s pottery village along Co Chien river (Photo: VNA) Vinh Long (VNA) – The southern province of Vinh Long is located between the two big branches of the Mekong River - Tien Giang and Hau Giang. For thousands of years, under the alluvial layer of the two rivers, deposits of rare and precious clay have been formed. They clay is the raw material to make red ceramic products, which Vinh Long is famous for. The pottery village along Co Chien river is known as the kingdom of red ceramics with more than 1,000 mushroom-shaped pottery kilns, some of them are up to 12 metres high. At first glance, the village looks like an ancient city with red castles under the sun. The village has become a popular destination for tourists. Red clay is only found in Vinh Long, mostly in its two districts of Long Ho and Mang Thit. More than a century ago, Vinh Long people began to exploit clay mines on the banks of the Co Chien River to make brick, and from then the largest brick and … [Read more...] about Vinh Long’s pottery village – kingdom of red ceramics

Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (second from left) and other delegates an area  displaying Vienamese products at a Systeme U supermarket. (Photo: VNA) Paris (VNA) – A Vietnamese goods week kicked off at Système U supermarket chain in Paris, the capital city of France , on September 25, with the participation of 15 Vietnamese businesses. The event, which is co-organised by the Vietnamese Ministry of Industry and Trade, Système U Group and T&T Foods Company, aims to introduce Vietnamese products to French consumers. It will open up prospects for other products, contributing to promoting direct exports to France and countries where the group's outlets are based, Hai went on. Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (fift from left) and other delegates cut ribbons to kick off the Vietnamese goods week at Systeme U supermarket chain in Paris (Photo: VNA) The Vietnamese Goods Week, the first of its kind, offers a … [Read more...] about Vietnamese goods introduced in France

Vietnamese PM Pham Minh Chinh (R) and Brazilian President Luiz Inacio Lula da Silva meet in Brasilia on September 25. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh and Brazil ian President Luiz Inacio Lula da Silva held talks in Brasilia on September 25 (Brazil time) as part of the Vietnamese leader’s official visit to the South American country. Welcoming PM Chinh and the high-ranking delegation of Vietnam, the Brazilian President expressed his belief that the visit will help develop the two countries’ traditional friendship and sound cooperation to a new height, thus actively contributing to peace, stability, and development in the two regions and the world. PM Chinh voiced his delight at the growing Vietnam - Brazil relations and stressed that Vietnam attaches importance to the ties with Brazil, one of its leading partners in Latin America. The two leaders noted with satisfaction that bilateral relations have been flourishing and becoming … [Read more...] about Vietnamese PM, Brazilian President discuss measures for augmenting ties

Illustrative image (Source: AFP/VNA) Hanoi (VNA) – In the context that about 70 countries and territories have applied carbon pricing instruments, experts held that Vietnam should also apply such tools, especially by developing the domestic carbon market, in order to support the realisation of the country’s greenhouse gas (GHG) emissions reduction target. Following the Paris Climate Accords , Vietnam must fulfill its mandatory obligation to reduce greenhouse gas emissions from 2021 according to the Nationally Determined Contribution (NDC). The country also needs to make efforts to reduce GHG emissions towards the goal of net-zero emissions by 2050. Statistics show that carbon pricing tools control about 23% of total global emissions in 2023. In Vietnam, the voluntary exchange of carbon credits with the world has been carried out by businesses since the mid-2000s in projects and programmes under the Clean Development Mechanism (CDM) - a United Nations-run carbon offset … [Read more...] about Vietnam makes efforts to develop domestic carbon market

At the panel discussion, entitled “Promoting Nature Positive Business and Green Growth through Practicing ESG in Businesses,” held as part of the 2023 Vietnam Corporate Sustainability Forum in Hanoi on August 23. (Photo: VietnamPlus) Hanoi (VNA) - Transitioning to a sustainable business model with reduced carbon emissions is the optimal solution for companies facing environmental protection challenges and climate change adaptation. This requires businesses to innovate through smart solutions and efficient resource utilisation. This was a topic of discussion at the 2023 Vietnam Corporate Sustainability Forum (VCSF) held in Hanoi on August 23, one of the most important dialogues between the Vietnamese government and business community to promote sustainable development. Themed “Global Green Race: From Strategy to Execution of Sustainable Business,” the annual event that began in 2014 was co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the … [Read more...] about Firms ready to switch to low-carbon economic model

At the meeting. — Photo courtesy of Petrovietnam Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations. This becomes especially crucial as many of Việt Nam's key oil fields are experiencing natural declines, and several member units lack the capacity for substantial investments in new mining ventures. According to Petrovietnam, the current market supply and demand conditions have exhibited several shortcomings since the beginning of the year. These include a low capacity to mobilise electricity, resulting in significantly lower gas production than planned and in comparison to previous periods. Consequently, there is an excess of gas production, which has repercussions on the targets for crude oil production. Additionally, it hampers the achievement of long-term reserve increases and planned production expansions for … [Read more...] about Petrovietnam pushes initiatives to sustain oil and gas production

It was part of activities marking the 50th anniversary of the countries’ diplomatic ties and the 10th anniversary of their strategic partnership. Nguyen Thai Dung, Vice Chairman of the friendship association, said Vietnam’s tourism sector has actively participated in many international cooperation activities, including in tourism, with France and obtained encouraging results. The seminar was an occasion for travel companies to review tourism cooperation results, explore the countries’ tourism potential, examine obstacles to tourism development, and propose policies for fostering tourism links, thereby helping make breakthroughs in economic partnerships and popularize images of the two countries and their capital cities among businesses in the sector, he noted. Vice Chairman of the Hanoi Tourism Association Le Ba Dung said the number of visitors from France, an important market of Vietnam’s tourism, to the Southeast Asian country as well as Hanoi has been increasing. However, the … [Read more...] about Hanoi seminar looks to reinforce tourism links with France

Wealthy countries must now reach carbon neutrality in around 2045, five years early, and China should speed up by a decade to 2050 to keep to the Paris goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels, the IEA said. "The world has already delayed too long to avoid hard choices," the global energy watchdog said. The report, which comes ahead of crunch UN climate talks, updates the IEA's landmark 2021 "Net Zero Roadmap", which said new fossil fuel development was incompatible with global decarbonization by mid-century. IEA chief Fatih Birol said he was more "hopeful" now than two years ago, thanks to record growth in solar power capacity and electric car sales in line with the IEA's pathway to net-zero emissions. He praised "very impressive" policies in the United States, Europe, China, and India that have helped drive clean energy investment up 40 percent to $1.8 trillion this year. But he added that to reach net zero this needs to reach $4.5 … [Read more...] about Rich nations, China must accelerate race to net zero: IEA