Promoting environmental sustainability

Wind turbines and solar panels (Illustrative photo: Getty Images) Jakarta (VNA) – The Directorate General of Customs and Excise (DJBC) under Indonesia ’s Finance Ministry is planning to provide incentives for new and renewable energy production companies. DJBC Director Untung Basuki said authorities are reviewing types of incentives that will be given to new and renewable energy producers. The incentives will be applied to all types of energy, from geothermal power, hydro power, marine thermal power, solar power to wind power. The top target is to promote the exploitation and use of green and environmentally friendly energy sources, he noted, but the incentives will only be given to the firms that cooperate with certain ministries/agencies, including the Ministry of Energy and Mineral Resources. By providing incentives, the government hopes that the number of companies producing clean energy will increase so that the target of reducing carbon emissions in … [Read more...] about Indonesia moves to promote renewable energy development

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

As a long-standing technology partner of Audi globally, ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Vietnam for the launch of new all-electric Audi e-tron GT quattro, Audi’s first electric car to hit the Vietnamese market. Like many similar Asian countries, Vietnam is experiencing rapid urbanization. The rate of car ownership is forecasted to grow thirty-five-fold from 2010 to 2050. To help mitigate the environmental impact of this increase, it is vital that the sector evolves by embracing e-mobility solutions. ABB Wallbox charger 2022 marks many changes in the electric vehicle market in Vietnam. Reputable car manufacturers, such as Audi, have realized their plans by bringing electric car models to the country. While the Vietnamese government’s incentives for e-mobility is still in the first phase, the progress in e-mobility being driven by well established vehicle manufacturers shows the important role that electric … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Vietnam

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

Hanoi (VNA) - The following is a list of selected news summaries last night by Vietnam News Agency. – The 14th meeting of the National Assembly Standing Committee wrapped up in Hanoi on August 11 after two and a half days of sitting. NA Chairman Vuong Dinh Hue said the meeting had completed all tasks as scheduled. Read full story – Standing members of the steering committee in charge of a project to draft a strategy for building and completing a law-governed socialist state of Vietnam by 2030, with a vision to 2045, held a meeting with the Central Theoretical Council in Hanoi on August 11. Members of the council showed their support for the draft strategy, which they said has been prepared in a methodological, democratic and scientific manner that guarantees the Party’s comprehensive and absolute leadership, firmly maintains the socialist orientation, and doesn’t include loopholes for hostile forces to take advantage of to sabotage the Party, State or regime. Read full story … [Read more...] about ☀️ Morning digest August 12