The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam
Super blue moon january 31 2018
Vietnam and Australia boost cooperation in education, agrifood
The cooperation aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. The Australian Trade and Investment Commission (Austrade) is collaborating with businesses and government in Hanoi, Hue, and Danang to deliver the "Vietnam- Australia: Unlocking Opportunities in Education and Agrifood" roadshow series starting on March 27 in Hanoi with the participation of over 400 Australian and Vietnamese businesses, organizations, associations and institutions. The program aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. Australian food and beverage showcase during the seminar took place on March 27 in Hanoi. Photo: Australian Embassy Vietnam At the kick-off event in Hanoi, Andrew Goledzinowski - Australia’s Ambassador to Vietnam shared that the program will deepen engagement and expand opportunities for Australian and Vietnamese partners in the agrifood and education … [Read more...] about Vietnam and Australia boost cooperation in education, agrifood
UNESCO promises tight partnership with Hanoi in heritage and relic conservation
As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation
A laborer needs to save for 25 years to buy an apartment
It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment
Man arrested after forcing 3-yr-old to smoke meth
Aside from the drug possession charge, police are investigating Bam on charges of child abuse and "enticing others to use drugs." Videos of Bam giving meth to the 3-year-old boy were brought to investigators’ attention by a man known only as Tai, the boy’s biological father, who reported the case to the police on Friday. Police arrested Bam on Sunday afternoon at his house in Cu Chi District after a two-day search for him. The officers found meth, drug paraphernalia and other related evidence inside the house. Bam tested positive for drugs, and fortunately the boy was negative. He is currently at the Ho Chi Minh City Children’s Hospital in stable condition with no abnormal symptoms. The boy’s mother and Bam said they "only let the boy use meth once just for fun" many months ago. Police are currently taking the testimonies of people involved in the case. One of the clips Tai showed police revealed the boy in diapers sucking on a meth straw while a woman’s voice can be heard … [Read more...] about Man arrested after forcing 3-yr-old to smoke meth
Vietnamese female entrepreneurs take the lead in boosting green growth
The event saw the participation of representatives from 31 women's associations from across the country. The seminar's aim was to promote sustainable growth and development within the female-led business community in Vietnam and share developments in sustainable practices and integrating environmental, social, and corporate governance (ESG). The conference was part of a larger sustainable business development initiative, officially launched by VAWE in 2022, that focuses on reducing emissions and negative impacts on the environment and society, as well as integrating ESG into corporate values. In attendance was Ton Ngoc Hanh, vice chairwoman of the Vietnam Women's Union, who said, "This seminar encourages a spirit of responsibility in Vietnam's female business community, showing the commitment and determination of everyone here to join hands with the government in achieving the goal of green growth, and to contribute effectively to sustainable development in the country. " Nguyen … [Read more...] about Vietnamese female entrepreneurs take the lead in boosting green growth
Innovative low-carbon projects join UK’s climate finance scheme
To improve project readiness and provide opportunities to attract investment from Vietnamese and international investors, the schemes will receive tailored one-to-one and group support. This will include advice on technical aspects, financial models, materials, and advice on enhancing gender equality and social inclusion. The CFA is part of the UK government’s efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow two years ago, and offer support to implement the Vietnam Just Energy Transition Partnership (V-JETP) that was agreed upon in December last year. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese private sector to help tackle the climate crisis," British Ambassador to Vietnam, Iain Frew, said. "The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across … [Read more...] about Innovative low-carbon projects join UK’s climate finance scheme
Tourists to My Son Sanctuary surges
The number of tourists to a UNESCO-recognised My Son Sanctuary in the central province of Quang Nam has been on the rise, nearly equal to prior to the Covid-19 pandemic. According to the management board of My Son world cultural heritage site, the site has seen a monthly rise in travellers this year. Between January and March 20, My Son attracted 80,000 tourists, some 1,200 people visited the site daily before the pandemic. Tourists in My Son Besides South Korea, Japan and Europe, My Son has lured more tourists from markets such as Malaysia, Indonesia, Singapore and India. Visitors from India have sharply increased, accounting for 10 percent of the travellers to My Son. Phan Ho, director of the management board of My Son World Cultural Heritage Site, said that a goal of 180,000 tourists, including 130,000 foreigners had been set. Ho believed that this target would be fulfilled based on the return of foreign holidaymakers, especially those from South Korea and … [Read more...] about Tourists to My Son Sanctuary surges
VPBank sells 15% stake to Japan’s SMBC for 1.5 bln USD
Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement. At the signing ceremony between VPBank and SMBC (Photo: VNA) With this deal, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG), has officially become a foreign strategic investor of the Vietnamese bank. The investment from SMBC will help VPBank raise 35.9 trillion VND (approximately 1.5 billion USD) of Tier 1 capital (equal to 30,160 VND per share), increasing its equity to approximately 140 trillion VND from 103.5 trillion VND. Following the investment, VPBank will become Vietnam’s second largest bank in terms of equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and SMEs. The robust capital stance will also back VPBank in serving large-scale enterprises, particularly the FDI and multi-national companies … [Read more...] about VPBank sells 15% stake to Japan’s SMBC for 1.5 bln USD
ATR 72-500 plane to be auctioned again
The Hanoi Justice Department’s Property Auction Centre will hold an auction for an ATR 72-500 plane at a starting price of VND136.6 billion (USD5.6 million), excluding taxes and fees. The Vietnam Aircraft Leasing Joint Stock Company (VALC) has authorised the department to conduct the auction. The plane was made in 2010 and has 68 seats. The ATR 72-500 plane People who want to join the auction have to deposit VND6.8 billion (289,361). They can directly check the plane at Tan Son Nhat International Airport in HCM City from March 24 to April 4. The auction will be organised in Hanoi on April 10. This plane has been auctioned eight times but failed to find a buyer. The first time was 2016 with a starting price of VND215 billion. In 2018, it was auctioned again at the price of VND189 billion. The plane was hired by national flag carrier Vietnam Airlines to run on routes to airports that cannot receive Airbus 320 aircraft, including Con Dao, Kien Giang, Ca … [Read more...] about ATR 72-500 plane to be auctioned again