Service sector jobs

The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

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 facilities, 79% of whom have been employed. With high labor demand, Vietnam will need long-term decisions from the State, along with the promotion of creativity and innovation in the public and private sectors, and the mobilization of public and private investment, especially in modernizing the power grid as well as increasing … [Read more...] about Just energy transition requires higher laborers’ skills: Experts

How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation

VASS President Dr. Phan Chi Hieu stressed that the building of smart urban areas is expected to bolster innovation and start-up, create jobs for young people, narrow income gap and promote digital economy. Besides, smart urban areas also aims to fully tap green energy sources, applies science to optimize resources while stepping up sustainable production and consumption. At COP26, Vietnamese Prime Minister Pham Minh Chinh pledged to achieve net zero greenhouse gas emissions by 2050, he said, adding that the government, ministries, sectors and localities have carried out action programs on green energy transition, carbon emission reduction and green growth. LASES President Dr. Sonethanou Thammavong shared that Laos has many projects on developing smart cities, digital transition and sustainable green growth to cope with climate change. Smart urban development needs to focus on human, particularly improving the life quality of people, he stressed. Meanwhile, RAC President … [Read more...] about Seminar shares international experiences in building smart cities

During the 78 th UN General Assembly High-Level Week in New York, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including the space exploration tech firm SpaceX on September 20. In a notable discussion, PM Chinh met with Tim Hughes, senior vice president in charge of Global Business and Government Affairs at SpaceX. During their conversation, Hughes said, "SpaceX is planning an investment of approximately $500 million in Vietnam, and we're keen on obtaining a licence to introduce our Starlink services in the country." Chinh warmly welcomed SpaceX's proactive investment proposal and encouraged the company to "coordinate with Vietnamese agencies and relevant entities to expedite the project's deployment." Additionally, it's essential to consider competitive pricing to align with Vietnam's developmental objectives and legal framework," Chinh said. The PM emphasised the need for SpaceX to collaborate with Vietnam's Ministry of Planning … [Read more...] about SpaceX targets $500 million investment in Vietnam

An overview of the workshop (Photo: VietnamPlus) Hanoi (VNA) – A new era of digital media , digital technology, technological convergence, and content convergence has taken shape and is growing strongly. In that context, the model of “ digital newsrooms ” has become an inevitable trend of press agencies. Content and technological convergence is considered the key to opening up new operations for modern journalists and newsrooms. So said Le Quoc Minh, member of the Party Central Committee, Vice Chairman of the Party Central Committee’s Commission for Information and Education, President of the Vietnam Journalists Association and Editor-in-chief of the Nhan Dan (People) newspaper, at a workshop on technology application to digital newsroom governance held in Hanoi on August 17. “Technology helps us keep up to date” Minh said newsrooms in the digital era are facing a number of challenges related to competition with social media platforms and online services, … [Read more...] about ‘Digital newsrooms’ a comprehensive facelift for press agencies