Petrovietnam oil and gas group vietnam

The energy transition in Vietnam is tied to the rapid growth of the economy, urbanisation, and industrialisation. We have seen the strong aspiration of the government to speed up the energy transition while meeting the requirements of economic development and the goal of becoming a high-income country by 2045. Energy transition is more seen as a potential engine for employment, and this trend will likely grow, helping to build support for renewables. John Rockhold, head of the Power and Energy Working Group under the Vietnam Business Forum Fossil energy sources are gradually being replaced by green and clean energy sources, reducing greenhouse gas emissions and combating climate change, while Vietnam is one of the first countries to renew its nationally determined contribution to the United Nations Framework Convention on Climate Change in 2020. The roadmap for the country’s transition process towards green and sustainable development will not only need to ensure … [Read more...] about Displaying readiness for the energy transition in Vietnam

The number of Cambodian travelers entering Vietnam is on the high rise, with the primary purpose of these visits quickly shifting from medical tourism to vacation tourism. Vietnam currently welcomes over one million Cambodian tourists each year – a figure which has surged since the end of the COVID-19 pandemic. Still, many local travel firms claim the number of Vietnamese companies offering tourism geared toward Cambodian tourists remains limited. Extended stays According to Pham Ngoc Ha, deputy general director of Saco Travel Company, her firm has been facilitating travel for scores of weekend travelers from the Cambodian provinces which border Tay Ninh Province in southern Vietnam. Popular tourism attractions for these visitors were local pagodas and Ba Den Mountain in Tay Ninh. Prior to the COVID-19 pandemic, many of these tours lasted just one day. Now more and more Cambodian tourists are opting for four-day, three-night tours to Ho Chi Minh City and other major … [Read more...] about Vietnam a major destination for Cambodian tourists

Over the past 35 years of development, the Vietnam Bank for Agriculture and Rural Development, better known as Agribank, always proves its position and role as a leading commercial bank in Vietnam. It has pioneered monetary policies, contributing to stabilizing the macro-economy, curbing inflation and supporting the country’s economic growth. The bank has cemented its key role in developing the agriculture sector and rural areas and offering credit and services to serve the country’s socio-economic development. Agribank was proud to receive the Vietnam National Brand award for the third consecutive year in 2022 and was among the top 10 Vietnamese strong banking and financial brands the same year. The lender has obtained impressive achievements in digital and green transformation and made substantial contributions to community development. Despite the negative impact of the COVID-19 pandemic, Agribank, with its initiative and flexibility, has employed multiple … [Read more...] about Vietnam’s Agribank wins many local prestigious prizes

The US was the largest export market to Vietnam in 2022 with Vietnamese exports to the former reaching US$100 billion. Vietnam is willing and ready to foster bilateral relations with the US, Ministry of Foreign Affairs’ deputy spokesperson Dang Thu Hang said at a press conference in Hanoi on March 23. Prime Minister meets US corporate executives on March 22 during a meeting with the US-ASEAN Business Council. Photo: VGP "The Vietnamese Government expects to foster our relations with President Joe Biden's administration," Hang replied to a reporter's question about Vietnam's readiness to upgrade the Comprehensive Partnership to a Strategic Partnership with the United States. "We hope the Vietnam-US relations will be strengthened in-depth, sustainability and efficiency for regional and international peace and cooperation," she said. Hang said that the Vietnam-US comprehensive partnership has grown stronger in the face of bilateral, regional, and … [Read more...] about Vietnam ready upgrade US ties on 10th anniversary of comprehensive partnership

We are facing a challenging business environment on a global scale. How do you evaluate the support the ASEAN Business Advisory Council (ASEAN-BAC) has and the wider Vietnamese business community? Arsjad Rasjid, chairman of ASEAN BAC 2023 In our country we have something called Indonesia Incorporated, where the government and the private sector work together. This is very important and, at the ASEAN level, we should have an ASEAN Incorporated, where the governments and the business community work together. This is because there are multiple challenges. For instance, we have 280 million people in ASEAN. If we didn’t have the public and the private sectors working together, we would not have been able to solve issues like carrying out mass vaccinations during the pandemic. If we work together on ASEAN connectivity, on energy for example, we can maintain our security with this synergy. We are a $3.2 trillion economy. However, with more efforts towards ASEAN … [Read more...] about Vietnam can enhance its role further within ASEAN

Nordic countries, including Denmark, Finland, Norway, and Sweden, shared their experience in green solutions to a circular economy and waste management and policy implications for Vietnam at a seminar held in Ho Chi Minh City on Wednesday. The seminar was organized by the Embassies in Vietnam of Denmark, Finland, Norway, and Sweden and Fulbright University Vietnam to mark the occasion of Nordic Day 2023 (March 23). In his opening remarks at the seminar, Ambassador of Denmark to Vietnam Nicolai Prytz said with a long tradition of working together to find solutions to common challenges, the Nordic countries are proud to share their experience and knowledge with Vietnam. “We believe that sharing experience and best practices with our partners is essential to promoting sustainable development,” Prytz added. Meanwhile, Ambassador of Norway to Vietnam Hilde Solbakken highlighted the role of the private sector in promoting green innovation, saying, "In the Nordic region, we have seen … [Read more...] about Nordic countries share circular economy, waste management solutions with Vienam

Foreign tourists visit Ho Chi Minh City's Post Office. (Photo: VNA) HCM City (VNA) – Travel firms in Ho Chi Minh City have launched tours between Vietnam and China as soon as China decided to include Vietnam in the list of countries to which Chinese group tours can be conducted from March 15. According to the city’s businesses, more Chinese tourist groups will arrive in the city this month and April will be the peak time marking the return of Chinese tourists to Vietnam. On the contrary, the number of Vietnamese tourists booking tours to China will also increase, helping to stimulate demand in the tourism markets of the two countries in the coming time. The forecast is based on the huge tourism demand of Chinese tourists after about three years of disruption due to the COVID-19 pandemic and Vietnam being one of the Chinese tourists’ favourite destinations. In addition, Vietnamese businesses have developed high-quality and oriented products and services for specific tourist … [Read more...] about HCM City’s tourism shows positive signs with return of Chinese visitors

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. – Deputy Prime Minister Tran Hong Ha had bilateral meetings with many foreign leaders on the sidelines of the UN 2023 Water Conference, which is taking place in New York from March 22-24. In a meeting with King of the Netherlands Willem-Alexander Claus George Ferdinand, Ha hailed the King's initiatives and efforts in organising and co-hosting the conference, following the first of its kind in 1977. Read full text – The Ministry of Natural Resources and Environment (MoNRE), in collaboration with the People’s Committee of Hoa Binh province, held a national-level ceremony in a hybrid format on March 23 in response to the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023. Speaking at the event, MoNRE Deputy Minister Vo Tuan Nhan said that climate change is considered a serious challenge for humanity in the 21st century with negative … [Read more...] about ☕ Afternoon briefing on March 23

Thirty-one students at an elementary school in Vietnam’s Central Highlands had symptoms such as dizziness, headache, and nausea after being given balloons by strangers. The incident was recorded at Ly Tu Trong Elementary School in Buon Trap Town, Krong Ana District, Dak Lak Province. Among the 31 students, 17 were admitted to the district medical center, five of whom received transfusions, a representative of the Krong Ana District Office of Education and Training said on Thursday morning. The other 14 are being monitored at home. Doctors diagnosed the children with poisoning, but the cause is unknown. Currently, the health of the poisoned students is stable. According to the report of Ly Tu Trong Elementary School, four strangers, including three women and one man, were giving balloons to students in front of the school on Wednesday afternoon. This group of people was then asked to leave by a security guard. About 30 minutes later, many of the students who had … [Read more...] about 31 Vietnamese students suffer suspected poisoning after receiving balloons from strangers

Nguyen Van Thanh, general director of GSM (left), and Vu Hoang Yen, general director of Be Group, signed a cooperative agreement on March 21 in Ha Noi. — Photo coutersy of Vinfast Vingroup's Green-Smart-Mobility JSC (GSM) and Be Group JSC, a technology company, signed a cooperative agreement on March 21 to introduce electric cars and motorbikes to Vietnam. The agreement outlines that GSM will directly invest in Be Group to support its goal of becoming a multi-service consumer platform and the top technology transport service in Vietnam. GSM will also assist Be Group's drivers in converting petrol vehicles to electric vehicles (EVs) conveniently and easily. This new service aims to enhance the quality of service and optimise business efficiency for Be and its drivers. In the project's first phase, GSM will partner with local VPBank to offer exclusive preferential policies for Be's drivers to purchase or rent VinFast's electric cars or electric motorbikes at attractive prices. … [Read more...] about GSM works with Be to deploy electric car and motorbikes service