Renewable energy at vietnam

Illustrative image (Source: VNA) Hanoi (VNA) – Just energy transition is significant in the development of workers' skills, the labour market and employment due to the high requirements of green and sustainable economic development, heard a conference held by the German Embassy in Hanoi on September 20. Dr. Guido Hildner , German Ambassador said that in his country, the number of employees working in occupations requiring green skills increased 56.7% to 5 million between 2012 and 2020. This shows that the energy transition is a complex and demanding process, but also provides great opportunities to the people and the economies. Noting that Vietnam has set a target of net-zero emission by 2050, the diplomat said that Germany has supported Vietnam in employment transition by training Vietnamese workers in the fields of electricity, electronics and roof-top solar power installation. Each year, tens of thousands of students are trained in 11 vocational training … [Read more...] about Just energy transition requires higher labourers’ skills: Experts

The hi-tech building of the Can Tho University is the most modern of its kind in the Mekong Delta. It is part of the Can Tho University upgrading project, funded through ODA of the Japanese Government. (Photo: VNA) Tokyo (VNA) – Friendship and mutual trust based on people-to-people exchanges nurtured for many years have formed an impetus for the Vietnam - Japan relations , said Japanese Minister for Foreign Affairs Kamikawa Yoko. She made the remark in a recent interview granted to the Vietnam News Agency on the occasion of the 50th anniversary of the two countries’ diplomatic ties (September 21, 1973 - 2023). She said that over the last 50 years, the countries have developed relations in all fields thanks to tireless efforts by predecessors. One of the most important milestones of bilateral ties, which are now in their prime, was the elevation of relations to the “ extensive strategic partnership ” in 2014. Since then, Japan and Vietnam have been building … [Read more...] about Friendship, mutual trust drive Vietnam-Japan relations: Japanese Foreign Minister

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu (R) welcomes Japan's Crown Prince Akishino and Crown Princess Kiko. (Photo: VNA) Hanoi (VNA) - Japan's Crown Prince Akishino and Crown Princess Kiko arrived in Hanoi on September 20 afternoon, starting their official visit to Vietnam on the occasion of the 50th founding anniversary of Vietnam-Japan diplomatic relations (1973-2023). The visit is hoped to contribute to further deepening the friendship between the Vietnamese and Japanese people as well as the ties between the two countries. Japan is one of the leading important and long-term partners of Vietnam. During Vietnam's 35-year path of Doi Moi (Renewal) and 50-year ties between the two countries, Japan has always supported Vietnam in international integration and socio-economic development. Particularly in recent years, the bilateral Extensive strategic partnership for peace and prosperity in Asia has seen strong and comprehensive progress. Japan … [Read more...] about Japanese Crown Prince, Crown Princess’s Vietnam visit to reinforce bilateral ties

As the first local currency SLBs in Vietnam, they aim to help issuers expand their businesses while creating jobs, boosting competitiveness, and supporting the country’s low-carbon growth model. IFC’s investment comprises two elements, with about $100 million to be issued by BIM Land – a tourism and property developer in Vietnam – and approximately $50 million to be issued by Thanh Xuan JSC. Both the issuers are subsidiaries of BIM Group, a multi-sector corporation in Vietnam. The proceeds will be used to develop the Thanh Xuan Valley project in Vinh Phuc province, including an eco-friendly and unique residential community alongside a hotel complex (under the InterContinental brand), as well as other relevant services and infrastructure. IFC’s funding will also help the developers implement water- and energy-saving solutions at two BIM Land hotels – InterContinental and Regent – on Phu Quoc island. An innovative financing tool to support global sustainable development, these … [Read more...] about Vietnam’s first local currency sustainability-linked bonds aim to boost economy

This partnership represents a clear commitment by both parties to address climate change within their value chains. DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period. DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express . “We believe that corporate social responsibility and business success always go hand in hand. … [Read more...] about DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel

Nghiem Xuan Da, chairman of the Vietnam Steel Association (VSA), said, "The CBAM is the latest challenge for Vietnam's steel industry amidst an already tough business climate as it tries to increase exports to Europe under the EU-Vietnam Free Trade Agreement (EVFTA)." The CBAM is the EU's landmark attempt to put a fair price on carbon emissions produced from carbon-intensive goods entering the EU. It aims to encourage cleaner industrial production in non-EU countries. According to the VSA, Vietnamese steel exports to the EU have been on a positive trajectory thanks to the implementation of the EVFTA in August 2020, along with the recent shortfall in steel supply to the EU. Steel exports in the first six months of 2023 reached 1.36 million tonnes, with export turnover reaching about $1 billion, an increase of 1.5 times compared to the same period in 2022. In response to the new policy, Posco Yamato Vina Steel (Py Vina), under South Korea's Posco Group, is researching a new … [Read more...] about CBAM may hinder EVFTA advantages for steel industry

In his speech, Pham Minh Chinh said that such challenges related to population aging, non-traditional security like climate change, epidemics, food, water resources, energy, transnational crime, and cybercrime are developing fiercely, causing serious consequences, while the global economy is facing many headwinds. According to the PM, the world is facing two choices: passively accepting challenges and risks at a very high price, or proactively adapting to, taking advantage of opportunities, solving challenges, and taking peace, stability and development cooperation as goals, the U.N. Charter and international law as the foundation, and dialogue and collaboration as tools. In particular, Vietnam chooses the second choice and hopes its partners also choose it, Pham Minh Chinh stated. Accordingly, Vietnam chooses the basic foundations to develop the country, with the goal of becoming a developing country with modern industry and high average income by 2030, and a developed, … [Read more...] about Prime Minister delivers policy speech at Georgetown University

During the meeting, part of his trip to the U.S. for the high-level week of the 78th session of the United Nations General Assembly and bilateral activities, Pham Minh Chinh affirmed that Vietnam considers the U.S. a partner of strategic importance. He used the occasion to thank the U.S. Senate in general and its Foreign Relations Committee in particular for their support for promoting the Vietnam - U.S. relations over the past time, including the settlement of war consequences. The support and cooperation of the two countries’ legislatures plays a crucial role in concretizing new collaboration frameworks and areas of the Comprehensive Strategic Partnership in the time ahead, the leader stressed. Pham Minh Chinh called on the committee to further support joint efforts in fostering cooperation in economy-trade-investment, and other fields like science-technology, innovation, semiconductor industry, energy transition, and climate change response, while stepping up assistance to … [Read more...] about Prime Minister meets leaders of U.S. Senate Committee on Foreign Relations