Ninth international forum on energy for sustainable development

NA Vice Chairman Nguyen Khac Dinh addresses the 10th Nevsky International Ecological Congress in St. Petersburg (Photo: VNA) Moscow (VNA) - Parliaments should review and complete their national legal framework to create optimal conditions for the building and implementation of economic transition policies towards green, circular economy to match the sustainable development goals and international commitments on climate change, environmental protection and biodiversity preservation, National Assembly (NA) Vice Chairman Nguyen Khac Dinh has stated. 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 centre and considers the people as the most important motivation and highest target … [Read more...] about Parliaments should play stronger role in protecting environment for sustainable development: NA Vice Chairman

In response to the International Day for Biodiversity, people release 1,500 small fish at the Ba Be Lake in Bac Kan province Hanoi (VNS/VNA) - While Vietnam is ranked 16th among the countries possessing the highest biodiversity globally with rare and precious genetic resources, the country is facing a rapid degradation of biodiversity and other great challenges such as environmental pollution, land degradation, ocean plastic waste and other extreme impacts of climate change. To call on countries to quickly turn commitments into actions to prevent and reverse biodiversity decline towards building a future of living in harmony with nature by 2050, the International Day for Biodiversity May 22 this year was launched by the United Nations (UN) with the theme "From Agreement to Action: Biodiversity Restoration ". At the 15th UN Biodiversity Conference (COP-15) by the end of last year, Vietnam and more than 190 member countries adopted the Kunming-Montreal Global … [Read more...] about International Day for Biodiversity: Conservation for sustainable development

What is your impression of Vietnam’s young but energy-hungry market, and what are its most critical issues? With over 30 years of operation in Vietnam, GE has made significant contributions to the country's development. Vietnam holds strategic importance as a market, and we are proud to witness its progress. A key challenge lies in ensuring dispatchable energy, the ability to generate and deliver energy as needed. GE's energy consulting services play a vital role in addressing this challenge by optimising the dispatchability of energy resources. Working closely with grid operators, these services identify effective strategies for energy dispatch, including integrating renewable sources, optimising network planning, and ensuring a reliable electricity supply. Furthermore, energy financial services can facilitate financing and investments that enhance grid dispatchability. By strategically supporting projects that contribute to a more reliable and flexible energy system, these … [Read more...] about Empowering Vietnam’s energy transition

Deputy PM Tran Luu Quang delivers a speech at the 28th International Conference on the Future of Asia in Tokyo on May 25. (Photo: VNA) Tokyo (VNA) – Deputy Prime Minister Tran Luu Quang stressed Vietnam’s commitment to making all-out contributions for the sake of peace, cooperation, stability, and prosperous development in Asia and the world while speaking at the 28th International Conference on the Future of Asia in Tokyo, Japan, on May 25. Highly valuing the conference’s theme of “Leveraging Asia’s power to confront global challenges”, Quang said the world and Asia are witnessing turning-point changes with many intertwined opportunities and challenges. In that context, Asia should be responsible for and play an important role in tapping into opportunities and addressing difficulties and challenges of the era. Asia holds all the necessary potential and advantages for leveraging its contributions to the settlement of challenges facing humankind and for becoming a role … [Read more...] about Vietnam pledges utmost contributions for Asian, global peace, development

In line with the direction of sustainable development and meeting international requirements for circular economy, the regional linkage strategy between Ho Chi Minh City and other provinces and cities aims at green exports. Strengthening regional linkages and harnessing the strengths of each province and city is crucial to promoting sustainable and green exports, according to experts at a forum on the subject held in Ho Chi Minh City on May 25. The Forum on Strengthening Regional Linkages for Sustainable Green Exports in Vietnam brought together experts from various sectors to discuss key challenges and opportunities facing Vietnam's economy, given the global economic uncertainty and growing demand for sustainable products. Deputy Minister of Industry and Trade Do Thang Hai addressed the event. Photos: Cong thuong newspaper Speaking at the forum, Deputy Minister of Industry and Trade Do Thang Hai said Vietnam's economy faced many challenges in the first … [Read more...] about Strengthening Vietnam’s regional linkages for sustainable green exports

Managed by the Swiss-based firm SUSI Partners, SAETF is a visionary energy transition infrastructure fund centred on Southeast Asia, including Vietnam. BII's foray into this region marks a pivotal moment as the institution strives to re-engage with Southeast Asia and provide vital investment capital to bolster clean and sustainable economic growth while supporting the region's profound shift towards green energy. BII joins a group of development finance institutions, including AIIB, FMO, Swedfund, Norfund, and OeEB, as well as other private investors, in lending their unwavering support to SAETF. This investment signifies the initial step in realising BII's ambitious plan to channel up to £500 million (around $620 million) of climate finance into the Southeast Asian region. Furthermore, it aligns seamlessly with BII's overarching objective to direct 30 per cent of its new commitments towards climate finance. SAETF is purposefully designed to target infrastructure investments … [Read more...] about British International Investment ventures into Southeast Asia

The high-level event seeks to strengthen international coordination, particularly emphasising South-South collaboration in the just energy transition. (Photo: VNA) Hanoi (VNA) – The Ministry of Foreign Affairs and the United Nations Development Programme (UNDP) on May 26 hosted an international workshop to enhance cooperation, encourage knowledge transfer, and promote experience sharing in the just energy transition. just energy transition , developing countries require multi-faceted international support in the form of finance, technology, knowledge, and capacity building to effectively decarbonise their economies and establish low-carbon development pathways. UNDP Resident Representative in Vietnam said that climate and innovative finance – both domestic and foreign, and both private and public - is of paramount importance in the energy transition. VNA … [Read more...] about Vietnam seeks further international cooperation in equitable energy transition

Indonesia's Minister of Investment Bahlil Lahadalia (L) and Minister of State at the Department for Business and Trade of the UK Nusrat Ghani (Photo: Antara) Jakarta (VNA) - Indonesia's Minister of Investment Bahlil Lahadalia and Minister of State at the Department for Business and Trade of the UK Nusrat Ghani have discussed downstreaming investment opportunities in the critical mineral sector and electric battery development . The officials also discussed renewable energy investment in a meeting on May 24. Bahlil said the Indonesian government is keen to highlight that downstreaming is implemented through a green principle to achieve net zero emissions (NZE). He also offered to combine technology from the UK with raw materials from Indonesia . For her part, Ghani welcomed Bahlil's idea and expressed her readiness to connect British companies to help Indonesia in downstreaming. Ghani, who is also Minister of State for the Investment Security Unit, and Minister for … [Read more...] about Indonesia,UK cooperate in developing electric battery

SINGAPORE - Climate-related disruptions to the crucial Hindu Kush-Himalayan water system are posing risks to economic development and energy security in 16 Asian countries, and concerted action is needed to protect regional water flows, researchers said on Wednesday. The basins of the 10 major rivers that flow from the Hindu Kush-Himalayan water towers are home to 1.9 trillion people and generate $4.3 trillion in annual GDP, and climate change impacts like glacial melt and extreme weather are already posing "grave threats", the China Water Risk think tank said. The researchers warned that all rivers would face "escalating and compounding water risks ... if we are unable to rein in emissions," and that the further construction of water-intensive energy infrastructure was aggravating the problems. The 10 rivers include the Ganges and the Brahmaputra running into India and Bangladesh, China's Yangtze and Yellow rivers as well as transboundary waterways like the Mekong and the … [Read more...] about Asia water, energy supplies at risk as climate woes mount: research

“Children are both the present and the future, and business practices cannot be sustainable if they do not account for their impact on children,” said Rana Flowers, Representative of UNICEF in Vietnam. “It requires children to be a key consideration in Environmental, Social, and Governance (ESG) assessments – where impacts and risks are assessed objectively, and key practices identified that can minimize those risks and create a positive impact for children. It will improve competitiveness and sustainability, it will win the support of stakeholders, especially investors, who are socially conscious and looking at ESG risks and how businesses are managing them”. Vietnam is increasingly involved in the global supply chain and more rigorously integrated into the global economy. The country has signed over 15 trade agreements and has reaffirmed its commitment to respecting international fundamental principles and rights in the workplace. Vietnam is in the process of developing a … [Read more...] about Responsible businesses for Vietnam’s thriving next generation: forum