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Globally, energy accounts for more than two-thirds of total greenhouse gas emissions. This makes the transformation of the energy sector centrally important in reducing emissions, and tackling the global climate crisis. Last year, investment in renewable energy reached approximately $500 billion, while the share of wind and solar energy reached a record 12 per cent of global electricity generation. Ramla Khalidi - Resident representative United Nations Development Programme in Vietnam I take this opportunity to congratulate the Vietnamese government for the recent adoption of the long-awaited Power Development Plan VIII, which aims to achieve 10 GW offshore wind capacity by 2030, and reach a renewable energy target of 39.2 per cent by 2030. The energy transition offers opportunities to accelerate the achievement of the UN’s Sustainable Development Goals, including the creation of decent jobs, the development of new technology and renewable energy industry sectors, … [Read more...] about Energy transition will not come without challenges

To optimise the power sources, transmission, distribution, efficiency, and pricing with sectoral planning, a reasonable import of power and fuel can support socioeconomic development with a self-reliant green transition coupled with international integration. Vaibhav Saxena - Lawyer, Vilaf Further integration of the local industry will also realise the aim of Industry 4.0 through modernising and digitalising the power systems and network by using more smart technologies. Special emphasis is given to promoting renewable energy sources such as wind, solar, and hydro. Solar projects with planning inclusions are to be implemented in accordance with the Power Development Plan VIII (PDP8). Planned solar projects with no investors are to be halted until 2030, unless such projects are deployed off-grid. International commitments, green/climate funds, bonds, and credit sources are given importance to ensure a sustainable and green energy transition for Vietnam; while … [Read more...] about A well-planned greener transition through PDP8

Dalat and Cam Ranh are among the most popular places to visit in Vietnam. Vietravel Airlines launched its Hanoi-Cam Ranh/Dalat route on June 7 in anticipation of an increased influx of visitors this Summer. Hanoi-Dalat/Cam Ranh air routes opens from June 7. Photo: Vietravel Airlines The airline's two flights departed from Hanoi and landed at Lien Khuong Airport (Dalat City) and Cam Ranh International Airport, respectively, carrying nearly 400 passengers. Vu Duc Bien, CEO of Vietravel Airlines, said the new route added to the total number of routes it operates from Hanoi to five, offering passengers more options for convenient flight times at attractive prices. Both Dalat in Lam Dong Province and Cam Ranh in Khanh Hoa Province are among the most popular destinations in Vietnam, thanks to their beautiful scenery, mild climate and diverse cuisine, making them ideal for personal or family vacations at affordable prices . In the first quarter, the … [Read more...] about Vietravel Airlines launches Hanoi-Dalat/Cam Ranh air routes

Tran Khanh, chairman of the Hanoi Building Management Operating Club, said the law does not spell out which areas belong to owners and which are commonly owned, and this is causing disagreements between the owners and building managements. A 2010 decree states that the two areas must be delineated clearly in apartment sale contracts, but another decree in 2015 does not do so, he said. Developers take advantage of it and do not designate shared areas, while buyers usually only worry about their apartment and do not care about shared spaces until later, he said. Nguyen Manh Ha, deputy chairman of the Vietnam National Real Estate Association, said some developers make false claims to sell before taking ownership of shared areas. One of the main disputed areas is the parking lot. The Housing Law states that motorbike and bicycle parking spaces are shared areas, but car parking spots must be bought or rented by residents. The cost of building parking lots is purportedly not … [Read more...] about Apartment owners, developers at odds over communal area loophole

The Ho Chi Minh City Management Center of Public Transport has announced the scheduled introduction of 22 additional bus routes providing connectivity for passengers to metro line No. 1 stations, alongside the current 11 bus routes. Among the 22 bus routes, there are two routes linking neighboring Binh Duong Province, namely 61-9 (Cu Chi Coach Station – Di An – New Mien Dong Coach Station) and 61-10 (Ben Cat Coach Station – New Mien Dong Coach Station), and one passing through Dong Nai Province—60-9 (New Mien Dong Coach Station – Giang Dien Tourist Site). The remaining 19 bus routes will connect bus stops on Ham Nghi Street in District 1, and near the Vietnam National University-Ho Chi Minh City, Nong Lam (Agriculture-Forestry) University, Vincom Thu Duc, and Vinhomes Grand Park in Thu Duc City, among others. The Ho Chi Minh City Management Center of Public Transport proposed developing 230 new bus stops close to schools, residential areas, industrial parks, and pedestrian … [Read more...] about Ho Chi Minh City to connect 22 additional bus routes to metro line No. 1

In a dispatch sent to the Minister of Industry and Trade, the Chairperson of the Committee for Management of State Capital at Enterprises (CMSC), the Chairpersons of the People’s Committees of centrally-run cities and provinces, and leaders of Vietnam Electricity (EVN), Vietnam Oil and Gas Group (Petrovietnam) and Vietnam National Coal and Mineral Industries Group (Vinacomin), the Prime Minister pointed to problems in power supply in the Northern region. He noted that the severe heat and impacts from El Nino phenomena have led to a surge in power demand, coupled with drought in many Northern localities causing extremely low water level in hydropower reservoirs, thus greatly affecting the supply of electricity in the dry season of 2023. Despite efforts of relevant parties, there are still factors negatively affecting the supply of electricity in the time to come, especially in the Northern region. Amid this situation, the Government leader asked the Ministry of Industry and Trade … [Read more...] about Prime Minister orders solutions to ensure power supply in dry season

Customers still heavily lean towards traditional processes when it comes to researching property, Le Toan PropertyGuru, the owner of batdongsan.com.vn, has been in difficulties in Vietnam with a sharp decrease in turnover. In its first quarter result released on May 23, Vietnam marketplace revenue decreased 34 per cent on-year to $2.4 million, as government actions to tighten credit continued to impact the overall number of listings in the market. “The number of listings was down 32 per cent to 1.1 million in the first quarter compared to the prior quarter. The average revenue per listing was in-line with the first quarter of 2022,” the company said. PropertyGuru operates in the three markets of Singapore, Malaysia, and Vietnam. Only the Vietnam market saw a loss in the first quarter. Hari V. Krishnan, PropertyGuru CEO and managing director, said that the company’s overall first-quarter results were a successful start to 2023 as its performance in Singapore and Malaysia … [Read more...] about Some way to go for proptech to hit home

Stemming from Resolution No.90/CP in August 1997 on the direction and policy of promoting private engagement in educational, medical, and cultural activities, Vietnam has a proud history of crafting policy on the nation’s health. They include legislation on development of non-public service providers, as well as encouraging private investment in education, vocational training, sports, the environment, and lots more. Prof. Dr. Nguyen Van De - chairman of the Vietnam Private Hospital Association Over the past decade or two, these policies have been updated and amended in order to strengthen Vietnam’s framework in this area. These policies have created favourable conditions for localities to organise, apply, implement, and have clear and transparent mechanisms and policies, especially administrative reform in attracting investment for health projects. More importantly, we have attracted many resources, specifically from businesses and capable investors both at home … [Read more...] about Modern policy for private hospitals

Cam Ranh and Da Lat are among the most popular places to visit in Vietnam. Vietravel Airlines on June 7 launched Hanoi-Cam Ranh and Hanoi-Da Lat routes in anticipation of an increased influx of visitors this summer. Hanoi-Cam Ranh/Da Lat air routes open from June 7. Photo: Vietravel Airlines The airline's two flights departed from Hanoi and landed at Cam Ranh International Airport and Lien Khuong Airport in Da Lat City, respectively, carrying nearly 400 passengers/each. Vu Duc Bien, CEO of Vietravel Airlines, said the new flight lanes raise the operators' total routes from Hanoi to five, offering passengers more options for convenient flight times at attractive prices. Both Da Lat in Lam Dong Province and Cam Ranh in Khanh Hoa Province are among the most popular destinations in Vietnam, thanks to their beautiful scenery, mild climate, and diverse cuisine, making them ideal for personal or family vacations at affordable prices . In the first … [Read more...] about Vietravel Airlines launches Hanoi-Cam Ranh/Da Lat air routes

A draft decree on the issue should be submitted to the Government for approval before June 15, he said. The cut will be in effect until the end of this year in an effort to boost falling demand. The registration fees are calculated based on car prices in each locality. The rates are 12% in Hanoi and Hai Phong, and 10% in HCMC. The Vietnam Automobile Manufacturers Association (VAMA) said credit tightening and rising interest rates have diminished market liquidity, and automobile companies are struggling to cope with high inventories. In the first four months VAMA saw 92,801 cars sold, down 30% year-on-year. Experts have predicted that total vehicle sales this year are unlikely to reach last year’s figure of half a million units. … [Read more...] about Halve car registration fees to boost sales: PM