Nation state development

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

Phan Van Son, director of General Department under the Commission for Management of State Capital at Enterprises In Vietnam’s quest for economic prosperity, the Commission for Management of State Capital at Enterprises (CMSC) stands out as a sentinel overseeing the ownership in 19 pivotal state-owned enterprises (SOEs), each playing diverse roles across 16 varied sectors. According to Phan Van Son, director of General Department at the CMSC, the journey, while dotted with accomplishments, has many challenges. “The commission acts as a dedicated agency, symbolising state ownership in enterprises, rendering them guardians of state assets,” said Son. According to Son’s presentation at VIR ’s seminar titled 'Looking Back and Moving Forward' on September 26, by 2022, these 19 SOEs have witnessed a surge in their consolidated total capital and assets, touching $48.7 billion and $105.2 billion respectively, reflecting a substantial 63 per cent of total state ownership capital and … [Read more...] about CMSC navigates reforms and challenges at SOEs

Prime Minister Pham Minh Chinh delivers a policy speech at the Brazilian Ministry of Foreign Affairs on September 25. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh attended a forum and delivered a policy speech at the Brazilian Ministry of Foreign Affairs on September 25 as part of his official visit to the Southern American country. Spotlighting the similarities that Vietnam and Brazil share, which include the struggle for national independence, development model and people’s values, PM Chinh said that since the diplomatic relations were set up nearly 35 years ago, both nations have enjoyed robust ties, which have been intensified and developed into a deep, stable, effective and sustainable fashion. He went on to lay stress on the five orientations to boost bilateral collaboration as well as elevate the bilateral ties into a new high in the time ahead. Firstly, both sides should enhance relations between leaders through high-level visits and meetings … [Read more...] about PM highlights five measures to elevate Vietnam – Brazil ties

The De Heus Can Tho Aqua Feed Mill is designed with a total capacity of 240,000 tonnes annually and is dedicated to producing basa fish feed. All products are manufactured using state-of-the-art European and United States production technology. The entire production process, from input to output, is controlled by a fully automated system and strictly managed in accordance with ISO 22000, BAP and GLOBAL G.A.P. standards. Speaking at the ceremony, Koen De Heus, CEO of De Heus Animal Nutrition said, "We strongly believe white fish products are among the most healthy, delicious and sustainable animal protein products. Therefore, De Heus is actively investing in building our capabilities in this sector, especially in Asia and Africa. Vietnam is positioned well to become one of the world’s most important sources of aquatic proteins. We are committed to keep developing our strategic position in Vietnam together with our local and international partners.” Johan van den Ban, CEO of De … [Read more...] about De Heus opens $20 million aqua feed mill in Can Tho

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

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

JAKARTA/HANOI -- Just Energy Transition Partnership (JETP) discussions on the early retirement of coal-fired power plants in Indonesia may have hit a snag as a local official said on Monday that western countries are not ready to finance such projects. JETP, a financing scheme made up of equity investments, grants and concessionary loans from members of Group of Seven (G7), multilateral banks and private lenders, is aimed at helping developing nations accelerate their shift towards cleaner energy sources in the power sector and cut reliance on dirty fuel such as coal. South Africa was the first country to reach a deal under the JETP, securing a $8.5 billion financing pledge in 2021. Indonesia secured $20 billion and Vietnam $15.5 billion in deals struck in late 2022. Here's an update of JETP's progress in Indonesia and Vietnam. Indonesia Indonesia had planned to announce in August its investment plan for the funds pledged under JETP, but it has since delayed the … [Read more...] about Indonesia, Vietnam energy transition financing under JETP