Rising storm 2 vietnam

The partnership will enable Australian firms to strengthen business links and identify trade and investment opportunities in the energy sector in Vietnam. Australian experts have discussed the energy transition between Vietnam and Australia and introduced new energy technologies and solutions to its Vietnamese partners. Australian energy delegation and Vietnamese partners. Photos: Australian Embassy in Hanoi The discussion, which aims to promote cooperation on renewable energy, is included in a series of activities in Hanoi and Ho Chi Minh City this week launched by the Australian Energy Trade Mission to Vietnam, part of celebrations of the 50th anniversary of bilateral relations. The Energy Transformation Forum was held under the partnership between the Australian Government Trade and Investment Commission (Austrade) and Vietnam’s Ministry of Industry and Trade, and Vietnam Electricity Group (EVN). Like Vietnam, the Australian government has made a … [Read more...] about Australia provides energy expertise to Vietnam

Around 68 per cent of listed public companies are complying with minimum legal requirements on independent directors, in which the lowest rate is 30 per cent in the automobile sector, and the highest rate is 100 per cent in banking. Compliance rate rise bodes well for listed companies, illustration photo/ Source: Shutterstock The information was provided in the ‘Independent Directors Survey of Public Companies in Vietnam’ report, compiled by FiinGroup and the Vietnam Independent Directors Association (VNIDA). The survey and the report have been carried out with the primary technical support from the International Finance Corporation through the SECO-funded Vietnam Integrated ESG Programme, and covered 544 companies that have disclosures on independent directors out of 769 companies listed on the Ho Chi Minh City and Hanoi stock exchanges. Under 2020 legislation guiding the implementation of the Law on Securities, a listed company’s board is required to have at least … [Read more...] about Compliance rate rise bodes well for listed companies

Logo of Techcombank on its headquarters in Ly Thuong Kiet Street, Ha Noi. The bank shares surged nearly 4 per cent on Tuesday, helped lift the market sentiment. — VNS Photo Ly Ly Cao The Vietnamese stock market diverged on Tuesday, but the VN-Index extended its rising streak to the sixth straight day. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 2.04 points to end the trading day at 1,054.29 points, or up 0.19 per cent. The breadth of the market remained in positive territory with 166 stocks on HoSE inching higher, while 158 stocks went down. Liquidity continued to rise over the previous session. Specifically, the trading value on the southern exchange advanced by 15.4 per cent to more than VND11.2 trillion (US$477 million), equivalent to a trading volume of 648.1 million shares. The VN30-Index, tracking the 30 biggest stocks on HoSE, edged up 2.37 points, or 0.22 per cent, to 1,058.82 points. In the VN30 basket, 12 stocks added points, while 13 slid and … [Read more...] about VN-Index rises for sixth day in a row

ALAUSI, Ecuador -- The official death toll from a landslide in Ecuador rose to 11 on Tuesday evening as families and rescue groups worked to find dozens of people still missing after large amounts of earth smothered buildings and a stadium in the small city of Alausi. Using spades, relatives dug through the dirt in places they believe their loved ones were when the landslide hit in the Andean province of Chimborazo on Sunday night after heavy rains. About 67 people were still missing as of Tuesday, according to Ecuador's disaster agency, and around 32 survivors had been rescued. People dig amid debris as they look for relatives, following a landslide, in Alausi, Ecuador March 28, 2023. Photo: Reuters "We've not received help, we've been searching since Monday, we cannot leave our relatives here in the earth," said a tearful Sandra Caranqui, 32, on Tuesday. She and other family members were searching for her missing father and four siblings following the … [Read more...] about Families dig for missing in Ecuador landslide as deaths rise to 11

Although Vietnam reopened its door to international tourists over a year ago, small and medium lodging facilities in Ho Chi Minh City are still struggling to recover due to the small number of international visitors. Their largest source market is China while the number of guests from the northern neighbor remains modest, forcing many hotels to use their facilities for other purposes or stop leasing spaces. Shutdown, falling room occupancy In District 1, many hotels which used to be crowded with foreign travelers are now empty or have been replaced by other businesses. On Ly Tu Trong Street, a spacious hotel is being repurposed. The hotel is in a prime site, near Ben Thanh Market, Nguyen Hue Pedestrian Street, and Le Loi Boulevard, once favored by international tourists. Many 'House for Lease' signboards can also be seen along Bui Vien Walking Street and De Tham Street with many of them being hung in front of small, one- and two-star hotels. The director of a chain of … [Read more...] about Ho Chi Minh City hotels waiting for int’l guests

Industry and construction, one of three main growth pillars of the country, posted an expansion rate of only 0.4% as major industries were hurt by rising input costs and plunging orders, according to the General Statistics Office. Agriculture, forestry and seafood gained 2.52%, while services surged 6.79%, the latter thanks to policies issued to boost domestic consumption. Services accounted for 43.65% of GDP, followed by industry and construction, agriculture, forestry and seafood. The 3.32% GDP growth rate was the second lowest in the first quarter of the last 12 years, and behind 2020 when it expanded by 3.21%. Total trade declined by 13.3% year-on-year to $154.27 billion for the period, as the global economy was slow to recover and many countries tightened their monetary policies. This had a large impact on Vietnam’s exports. The country, however, still recorded a trade surplus of $4.07 billion. … [Read more...] about GDP growth slows in Q1

The Australian Government Trade and Investment Commission cooperated with the Electricity & Renewable Energy Department – Ministry of Industry and Trade of Vietnam and Vietnam Electricity Group to organise the Energy Transformation Forum 2023, held in Hanoi on March 28. Participants at the event The event was part of the Australian Energy Mission which comprises a series of activities in Hanoi and Ho Chi Minh City from March 27 - 30 to promote cooperation on renewable energy and to celebrate the 50th Anniversary of Australia and Vietnam’s diplomatic relationship. Like Vietnam, the Australian government has made a commitment to climate action, with a target of reducing greenhouse gas emissions by 43% by 2030 and to zero by 2050. The forum will discuss the energy transition of Vietnam and Australia and introduce new energy technologies and solutions from Australia. Speaking at the event, Australia’s Ambassador to Vietnam, Andrew Goledzinowski, said that … [Read more...] about Australian Energy Mission launched in Hanoi

In recent years, government regulations have encouraged an increasing number of enterprises to invest in developing and manufacturing locally accessible, low-emission, and energy-efficient construction materials. Indeed, the government’s $5 billion social housing credit package may influence the market for low-emission construction materials. Getting a market perspective on low-emission materials, illustration photo This product line is becoming more abundant and varied, from autoclaved cellular concrete with an insulation effect to energy-efficient glass with the capability of blocking solar radiation. This greatest obstacle is that these things have not yet become widespread in buildings, which has a direct impact on manufacturers’ product consumption. In contrast, green building materials are often modern and innovative goods. Hence, their prices are frequently greater than those of conventional building materials. Thus, many investors, design consultants, and … [Read more...] about Getting a market perspective on low-emission materials