Technipfmc energy transition

Established last December between Vietnam and the International Partners Group (IPG), the Just Energy Transition Partnership (JETP) could facilitate Vietnam in achieving its goal of net-zero by 2050 and a future for green power. Chan Hong and Vi Nguyen, lawyers, Dentons LuatViet, Dentons Global Highlights of Vietnam JETP $15.5 billion to be mobilised An initial amount of at least $15.5 billion will be deployed over the next 3 to 5 years through a combination of financial instruments with the following breakdown: • IPG members will mobilise half of that total ($7.75 billion) through public sector financing, likely on more attractive terms than Vietnam could secure in the capital markets. • Glasgow Financial Alliance for Net Zero Working Group (GFANZ) members will work to mobilise and facilitate the other $7.75 billion through private financing, once the public sector financing has been secured by the IPG. JETP Resource Mobilisations Plan The initiative … [Read more...] about $15.5 billion in financing for green energy from Just Energy Transition Partnership

ASEAN countries like Vietnam are not spared from the impact of climate change. Rapid economic development also means increasing demand for energy and power to meet the pace of growth, which leads to an increase in CO2 emissions. The journey to a cleaner future Takeshi Masuyama, Managing director, regional head of Vietnam, MUFG Bank, Ltd. The Vietnamese government has announced in various international forums its commitment to address environmental issues, and has firmed up its national net-zero target. In addition, the announcement of the Vietnam Just Energy Transition Partnership (JETP) in last December is another milestone and will further rally the private and public sectors towards accelerating the country’s green transition. MUFG is part of the working group convened by the Glasgow Financial Alliance for Net Zero (GFANZ) supporting the JETP initiative for Vietnam. The sustainability mission Since announcing our Carbon Neutrality Declaration in 2021, MUFG … [Read more...] about Committed to empowering a brighter future

Hanoi (VNA) – In 2023, the Vietnam Atomic Energy Institute (VINATOM) will push ahead with researching and applying atomic energy for peaceful purposes and socio-economic development. According to its 2023 plan, VINATOM is set to step up scientific studies and application of research findings to health care, industry, agriculture, and the environment, helping with national socio-economic recovery and development after the COVID-19 pandemic. It will focus on its strong research areas, including nuclear physics, neutron physics, nuclear reactor physics, nuclear safety , nuclear fuel, environmental radioactivity monitoring, radiochemistry, and radiobiology in order to increase scientific reports on reputable international journals. The institute will also boost research and application of artificial intelligence and machine learning to the studies on nuclear structure and reaction, nuclear safety, environmental monitoring, and nuclear medicine. In addition, it will … [Read more...] about Institute to promote atomic energy research, application for peaceful purposes

In an interview with the press ahead of the PM’s trip from February 8-11, Deputy Minister of Foreign Affairs Do Hung Viet stressed that the relations between Vietnam and the two countries are based on a lot of similarities in politics, economy, culture, and people-to-people exchange. The trip is of great significance, he said, noting that this is the first by Pham Minh Chinh in his new position that aims to manifest the consistent policy of prioritizing relations with neighboring countries and ASEAN, as set at the 13th National Party Congress. He added that this is also the first official visit by a leader of the Vietnamese government to Singapore over the past five years, and to Brunei over the past nearly 16 years. Therefore, the visits are expected to deepen the strategic partnership with Singapore, an important economic partner of Vietnam, and the comprehensive partnership with Brunei, also a promising economic partner, according to the official. For Singapore, the visit … [Read more...] about Prime Minister Pham Minh Chinh’s Singapore, Brunei visits look toward cohesive ASEAN

The following is the full text of the interview. Reporter: This year marks the 50th anniversary of diplomatic relations and 10th anniversary of strategic partnership between Singapore and Vietnam. How do you evaluate the Singapore-Vietnam relations in the past half century, especially in the last decade? What should the two countries do to further our bilateral cooperation and to advance the development of each country? Vivian Balakrishnan: The ties between Singapore and Vietnam have grown from strength to strength since we established diplomatic relations 50 years ago. We are longstanding friends and close partners that enjoy wide-ranging cooperation in many areas, both bilaterally and at multilateral fora. I am heartened that the bilateral relationship has continued to expand and evolve to tackle new challenges over the past decade. Our linkages are particularly strong in trade and investment. The 12 Vietnam-Singapore Industrial Parks (VSIPs) across Northern, Central, … [Read more...] about Prime Minister Pham Minh Chinh’s visit to enhance Singapore-Vietnam relations: Singaporean Foreign Minister

She was welcomed by Chairman of the Binh Phuoc Provincial People’s Committee Tran Tue Hien. After introducing several facilities of the province, the local leadership expressed their hope that the Consul General will pay attention to introducing cooperation opportunities in Vietnam to Australian enterprises in such fields as renewable energy, high-tech agriculture, telecommunications, and infrastructure development, as well as supporting the country in trade promotion and market expansion for potential products of the province in Australia. In turn, the Australian Consul General thanked the provincial leaders for a warm welcome and expressed her impression on the cultural tradition and people of Binh Phuoc province as well as the potential and tremendous development of the localities over the past time. She said it would help surge opportunities and create favorable conditions for Australian enterprises to invest in the province in the time to come. Translated by Trung Thanh … [Read more...] about Australia to invest in Binh Phuoc province

Could you give an update about Antler’s portfolio? Magnus Grimeland It boasts about 680 companies in 25 locations across the world including Brazil, the United States, and Canada. In Europe, we are in most of the big capitals. In Africa, we’re in Nairobi. Asia is obviously a big focus for us with most of the major tech ecosystems in India, China, Vietnam, Indonesia, Singapore, Japan, South Korea, and Australia. We’re the world’s second most active early-stage investor now, and back the top 1 per cent of founders. We got 65,000 applicants last year from founders who want to work with us. Antler backs the best of the next generation of great companies, supporting their access to co-founders, supporting business model validation, putting in the first bit of capital with advisors across the globe, helping internationalise, and then we continue to back them. We also have a later stage fund, which enables us to invest directly into later stage companies. I’m incredibly … [Read more...] about Vietnam: the place to innovate with tech

Poonpong Naiyanapakorn, director general of the Trade Policy and Strategy Office. (Photo:nationthailand) Bangkok (VNA) – The Thailand ’s Commerce Industry has warned the strengthening baht will affect high-value industrial products with few imported raw materials such as rubber products, canned and processed seafood, gems and jewelry. Poonpong Naiyanapakorn, director general of the Trade Policy and Strategy Office (TPSO), affirmed the baht surged to 32-33 baht per USD compared with 35-36 baht per USD last December. Poonpong said although the extent of the impact of the baht appreciation on export performance is not on par with the effect of a weakening global economy and economic slowdown in key trading partners, a strong baht directly affects the competitiveness of Thai products, making them more expensive than those of other exporting countries. The export value is also subject to a reduction once converted from the US dollar, resulting in a decline in revenue or … [Read more...] about Thai exports hurt as baht strengthens