Vietnam china economy

A China-Vietnam-Laos freight train loaded with agricultural products at Nanning International Railway Port in Nanning, China's Guangxi Zhuang Autonomous Region (Photo: xinhua) Hanoi (VNA) - Trade between countries along the Mekong River and China posted steady growth last year despite COVID-19 and the sluggish global economy. Specifically, China's trade volume with Cambodia, Laos, Myanmar, Thailand and Vietnam hit 416.7 billion USD in 2022, up 5% year-on-year. The figures were disclosed at the opening ceremony of Lancang-Mekong Cooperation (LMC) Week 2023, which was held on March 23 in Kunming, China’s Yunnan province. Since, the mechanism was launched in 2016, it has become a landmark cooperation model in the region, and has continuously injected vitality into regional development./. VNA … [Read more...] about Trade between Mekong countries, China reaches over 416 bln USD in 2022

The event, entitled “Offshore Renewable Energy: Opportunities and Challenges to Green Transition,” drew the virtual and in-person participation of more than 200 domestic and foreign experts. It was jointly organized by the Diplomatic Academy of Vietnam (DAV) and the Konrad Adenauer Stiftung Foundation (KAS). In his remarks, Assistant to Foreign Minister Nguyen Minh Vu expressed optimism about the development of renewable energy in general and wind power in particular. In the long term, offshore wind power will be cheaper than current fossil fuel-based energy sources, he said, adding that other types of offshore renewable energy are also becoming indispensable elements of the modern, blue economy. Vietnam is committed to joining the common effort of mankind to promote clean energy, as demonstrated through its commitments at the 26th U.N. Climate Change Conference of the Parties (COP26) and the Just Energy Transition Partnership (JETP), the official said. Vietnam is an attractive … [Read more...] about Ocean dialogue discusses offshore renewable energy potential

Workers of a garment company in HCM City. The sustainability requirements pose challenges for Viet Nam’s fashion industry but there are opportunities from the transition to more sustainable and circular models. — VNA/VNS Photo Hong Dat Greening the garment and textile production is no longer an option for the multi-billion-dollar industry but a must in the context of increasing requirements for sustainability around the world, experts said. Many garment-importing countries were taking action for sustainable and circular textiles. The European Commission was calling for an end to fast fashion by 2030 with the Strategy for Sustainable and Circular Textile which set eco-design rules, starting with textiles. Accordingly, by 2030 textiles placed in the EU, the world’s largest market for garment products, should be long–lived and recyclable. “There is no other way for the garment and textile industry of Viet Nam if it does not want to be excluded from the global game,” Le Tien … [Read more...] about Sustainability requirements pose new challenges to garment, textile industry