Opinions about climate change

Given its central geostrategic location, a burgeoning economy, and large population, Vietnam is fast becoming a key partner of the UK in the Indo-Pacific region. The UK wants to deepen its strategic partnership with Vietnam, given the importance, both countries afford one another. Overview of the launch. Source: VNA Director of Research at Council on Geostrategy (COG) James Rogers gave the assessment at the launch of the COG’s latest Policy Paper titled “Enhancing British-Vietnamese relations in a more competitive era” on October 27, the Vietnam News Agency reported. The event was chaired by Member of the Joint Committee on National Security Strategy, House of Lords, Baroness Neville-Jones, and took place ahead of Prime Minister Pham Minh Chinh’s trip to attend the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow from October 31 – November 12, which marks a significant step in the bilateral relations. According to Rogers, the policy …

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The 18th ASEAN-India took place on Thursday via videoconference. — VNA/VNS Photo Dương Giang HÀ NỘI — Vietnamese Prime Minister Phạm Minh Chính participated in the 18th India-ASEAN Summit held via conference on Thursday, alongside other ASEAN leaders and Indian PM Narendra Modi. At the summit, the two sides highly valued the ASEAN-India relationship, ASEAN’s sixth largest trading partner and seventh largest investor into ASEAN with total capitals in 2020 nearly quadrupling 2018’s figure, hitting US$2.06 billion. The two sides agreed to continue to support each other in COVID-19 response and promote inclusive recovery by enhancing trade and investment exchanges, strengthening regional supply chains, and facilitating trade and goods, helping businesses access each other's markets, and effectively implementing the ASEAN-India Free Trade Area (AIFTA). ASEAN countries pledged to make effective use of the US$1 billion credit that India committed for …

[Read more...] about Vietnamese PM asks India to support, contribute to ASEAN’s efforts in South China Sea

Prime Minister Pham Minh Chinh attends the 16th East Asia Summit on October 27 (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on October 27 evening attended the 16th East Asia Summit (EAS), which gathered leaders of 10 ASEAN member states and their partners, including China, Japan, the Republic of Korea, Australia, New Zealand, India, Russia and the US, and the ASEAN Secretary General. He stressed the need for EAS countries to continue enhancing their strategic role in promoting transparent behaviour and frank dialogue, building trust, harmonising differences and increasing the sharing of responsibility in order to contribute to maintaining a peace and stable environment, and win-win cooperation in the region and the world. He suggested countries join hands in managing changes in an appropriate and effective way; promote multilateral cooperation, policy harmonisation, and action coordination to effectively respond to emerging challenges, prevent the risk of …

[Read more...] about PM attends 16th East Asia Summit

At the event. Photo courtesy of JICA The Japan International Cooperation Agency (JICA) and Vietnamese privately-held lender VPBank last week entered a $75 million loan agreement in a bid to fund micro-, small- and medium-sized enterprises (MSMEs) through the Private Sector Investment and Finance programme (PSIF). The loan is being co-financed with Sumitomo Mitsui Banking Corporation, and it is JICA’s first PSIF project in Vietnam co-financed with a Japanese private financial institution after the programme was relaunched in 2012. Sumitomo acquired 49 per cent stake in FE Credit, VPBank’s consumer finance arm, in a $1.4 billion deal in April. It is also rumoured to be the potential foreign strategic shareholder of VPBank. In recent years, VPBank has been highly evaluated for actively developing products and financial services to reach out to women-owned MSME clients. According to JICA, such enterprises are vital to the economy, accounting for 98.7 per cent of all the total, …

[Read more...] about Co-financing deals shore up belief in deep-rooted growth

The United States Agency for International Development (USAID) on Thursday announced USD860,000 in assistance for three renewable energy projects in Vietnam. The new funding which was announced during the fourth Indo-Pacific Business Forum, supports USAID’s ongoing efforts to reduce risk and transaction costs for project developers to encourage increased private sector investment in Vietnam’s renewable energy development - a key driver of economic growth and resilience. The new funding announced today will support the TSV and Asia Renewables’ onshore wind farms (350MW) in Gia Lai province, including producing an optimized wind turbine generator layout design, conducting a finance-grade pre-construction energy yield assessment, the preparation of pre-construction documentation, and the development of the necessary tendering package for construction. Besides, the funding will also go to the INGINE Pacific's pilot off-grid wave technology on Ly Son Island, Quang Ngai …

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