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The Economic Committee of the National Assembly has proposed that Vietnam restart a suspended nuclear power project in south-central Ninh Thuan Province to ensure the country’s ability to develop nuclear power in the future and to help achieve its environmental protection goal by 2050. The Economic Committee has submitted a report on the implementation of Resolution 31 of the National Assembly, which was issued to suspend the Ninh Thuan nuclear power project in the namesake province in 2016. In the report, the committee stated that Vietnam would potentially face challenges brought about by electricity shortage in the 2021-25 period. The competitive electricity market has not been developed in a synchronous manner, while the power pricing mechanism has been improved slowly. The country’s power source has yet to guarantee sustainable development and still has a negative impact on the environment. Vietnam previously pledged to reach its net-zero carbon emissions target by 2050 … [Read more...] about Vietnamese legislature’s economic committee proposes restarting nuclear power project

G7 nations vow to stop fossil-fuel financing abroad by end 2022, illustration photo source: freepik.com "We commit to end new direct public support for the international unabated fossil fuel energy sector by the end of 2022," G7 energy and climate ministers said in a joint statement following talks in Berlin. The term "unabated" refers to projects that do not employ techniques to offset some of the pollution caused by carbon dioxide emissions. Ending subsidies for the international fossil fuel energy sector was already part of a series of commitments agreed to by around 20 countries at last year's COP26 climate summit in Glasgow. Six of the G7 club of rich nations were among the signatories at the time -- Britain, Canada, Germany, France, Italy and the United States -- but Japan had resisted until now. "It is good that Japan, the world's largest financier of fossil fuels, has now joined the other G7 countries in making a shared commitment to end overseas fossil fuel … [Read more...] about G7 nations vow to stop fossil-fuel financing abroad by end 2022

US stocks rally again as China premier warns on Covid-hit economy, illustration photo source: freepik.com After a positive session in Europe, the S&P 500 finished Thursday's session up two percent, positioning the broad-based US index to potentially snap a seven-week losing streak depending on Friday's session. "The market was very oversold, and way overdue to bounce," Adam Sarhan of 50 Park Investment said shortly before the market closed. "And what's happening now, the market is bouncing pretty strong." Stock markets have taken a beating this year as central banks have begun to raise interest rates in order to curb the highest consumer price rises in decades. But US stocks pushed higher on Wednesday after investors took a positive view of the Federal Reserve minutes, which raised hopes that while the central bank would move aggressively to lift interest rates, it might be able to halt additional rate hikes as soon as this summer if inflation recedes. Wall Street kept … [Read more...] about US stocks rally again as China premier warns on Covid-hit economy

The US-protected patents would ensure the firm’s success in the international market. Two new inventions of Viettel Aerospace Institute were granted patents in the US, the Viettel Military Industry and Telecoms Group announced on May 26. The exclusive protection has been granted by the United States Patent and Trademark Office (USPTO) for Viettel’s two inventions in the fields of optoelectronics and materials science. The first is a curved mirror optical system for medium wave thermal imaging devices that was created in 2017, addressing the issue of designing and manufacturing camera cores, thereby minimizing import. The second patent was granted to a method to manufacture composite materials that can withstand high temperatures and harsh conditions for military use. Viettel's engineers are doing research into technology solutions. Photo: Minh Tu Viettel has so far been granted 56 patents in Vietnam and 11 others in the US. According to the … [Read more...] about Vietnamese enterprise receives US exclusive protection for two patents

Officers and soldiers of Sapper Unit No. 1 (Photo: VNA) set off to participate in the UN peacekeeping operations (Photo: VNA) The spirit of dedication and responsibility of Vietnamese soldiers has helped spread the image of the country and people of Vietnam who love peace for a prosperous and progressive human community. President Nguyen Xuan Phuc has assessed the engagement in UN peacekeeping activities over the past 8 years as a bright spot in the multilateral diplomacy of the country’s Party, State and army. The establishment of the Vietnam Peacekeeping Centre and the send-off for the first two VPA officers to work as liaison officers at the UN Mission in South Sudan on May 27, 2014, marked the nation's official participation in UN peacekeeping operations. On November 13, 2020, the National Assembly passed Resolution No. 130/2020/QH14 on joining the UN peacekeeping force, which clearly stipulates principles, forms, fields and forces, competence, force deployment process, … [Read more...] about Engagement in UN peacekeeping missions

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 27. – Deputies to the 15th National Assembly (NA) on May 27 discussed a report on the draft Law on Implementation of Democracy at Grassroots Level in their ongoing third session. According to Minister of Home Affairs Pham Thi Thanh Tra, the bill comprises seven chapters and 74 articles, adding many new contents to existing regulations in the field, including those on the implementation of democracy in agencies. Read full story – Upholding Vietnam’s peace-loving tradition and implementing the Party and State’s policy, over the past years, the Vietnam People’s Army (VPA) has sent officers and soldiers to participate in the United Nations (UN)’ peacekeeping missions, which has been supported by local people and appreciated by the UN and the international community. The spirit of dedication and responsibility of Vietnamese soldiers has helped spread the image of the … [Read more...] about ☕ Afternoon briefing on May 27

Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy call to Japanese Prime Minister Kishida Fumio during the trip to Japan to attend the International Conference on the Future of Asia. — VNA/VNS Photo HÀ NỘI — During the visit to Japan, Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy calls to Japanese Prime Minister Kishida Fumio and several other Japanese high-ranking officials on May 26-27. During the meetings, Deputy PM Minh said Việt Nam always considers Japan as an extensive, reliable, and important strategic partner, hoping that the two sides would continue to implement important agreements and common understandings obtained during the official visits of PM Phạm Minh Chính and PM Kishida Fumio, contributing to the promotion of bilateral relations. The Deputy PM emphasised that as the two sides are reopening with the COVID-19 situation under control, Việt Nam and Japan must continue to exchange high-level delegations, especially through … [Read more...] about Vietnamese Deputy PM calls for investment from Japan in meeting with PM Kishida