Public and private sectors work together to establish a circular business economy in Vietnam, aiming towards the country's 2050 objective of net zero emissions. Photo by: Duc Thanh The conference saw the participation of representatives from the MoNRE, the United Nations Development Programme (UNDP), the Global Plastic Action Partnership (GPAP), SCG Vietnam and BeerCo Limited, the Vietnam Chamber of Commerce and Industry (VCCI), and other international organisations and businesses, as well as the press. During the plenary session, the panellists examined the feasibility of building CE in Vietnam to achieve the net zero emission objective by 2050. They also discussed factors to be considered when implementing a circular approach in the country, taking into account lessons learnt from foreign partners and proposals for the transition to circularity. Minister of Natural Resources and Environment Tran Hong Ha emphasised the importance of revamping the current linear economy in … [Read more...] about Vietnam primed for circular and sustainable advancement
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Reopening increases foreign interest in transport upgrade
Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade
Vietnam urgently fighting against climate change
Channels in District 4 of HCMC are cleaned from waste Statistics from the Vietnam Institute of Meteorology, Hydrology and Climate Change (under the Natural Resources & Environment Ministry) reveal that by 2050, if the sea level increases by 18-30cm, Vietnam will lose about 2 percent of its GDP. Its agriculture will bear the most damages, seeing a drop of 13.5 percent in its added value and a loss of $43 billion from 2020-2100. In 2100, if the sea level rises by 100cm, 6.3 percent of the surface area of Vietnam will be lost, while the affected proportions of the railway system, national roads, and provincial roads will be 4 percent, 9 percent, and 12 percent, respectively. The Mekong Delta will experience the most severe damages, at 52.39 percent; followed by the Red River Delta at 31.4 percent and the Central coastal area at 9.1 percent. Vietnam will face a high chance of non-economic damages like declining health, relocated economic zones, land loss due to land slide, … [Read more...] about Vietnam urgently fighting against climate change