The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation
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Successful hosting of CEPPP affirms Vietnam’s responsibility in UN peacekeeping operations: Officer
Military medical workers practice resuscitating injured engineers while performing the task of clearing bombs, mines and explosives at refugee camps. (Photo: qdnd.vn) Hanoi (VNA) – The hosting of the Competency Evaluation Programme for Prospective United Nations Peacekeepers (CEPPP), an activity under the ASEAN Defence Ministers’ Meeting Plus ( ADMM-Plus ) Experts’ Working Group on Peacekeeping Operations (PKO-EWG) Cycle 4, aimed to continue affirming the role and responsibility of Vietnam in preparing for and joining UN peacekeeping missions, according to Sen. Lieut. Gen Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People’s Army (VPA). The officer said that the programme was a chance for Vietnam, together with Japan, the co-host of the activity, as well as other ADMM-Plus members to enhance their capacity, coordination and cooperation in the preparations and participation in UN peacekeeping missions . The programme has offered a chance for Vietnam to … [Read more...] about Successful hosting of CEPPP affirms Vietnam’s responsibility in UN peacekeeping operations: Officer
Major US companies, including SpaceX, aim to expand investment in Vietnam
Some top international and U.S. firms such as SpaceX, the Coca-Cola Company, and Pacifico Energy are planning to expand their operations in Vietnam, heard the receptions hosted by Vietnamese Prime Minister Pham Minh Chinh for these firms’ leaders in New York City on Wednesday (local time). During these receptions, part of the top Vietnamese official’s ongoing trip to the United States, PM Chinh underlined that Vietnam prioritizes science, technology, innovation, green, digital and circular economic, and research projects. He affirmed that the Vietnamese government always creates favorable conditions for international firms to do business in Vietnam effectively. Speaking at the meeting with the prime minister, Tim Hughes, senior vice president for global business and government affairs at SpaceX, a U.S. aerospace company, run by South African-American billionaire Elon Musk, said that the group highly values Vietnam’s potential for development. Hughes revealed that SpaceX aims … [Read more...] about Major US companies, including SpaceX, aim to expand investment in Vietnam
Good news for Vietnam’s tra fish exports to US
Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news. In early September, the US Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the US government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the US in the August 1, 2021 - July 31, 2022 period. Accordingly, the US authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other … [Read more...] about Good news for Vietnam’s tra fish exports to US
Japanese engineers build road to mark 50 years of diplomatic ties with Vietnam
Col. Nguyen Nhu Canh (R), Deputy Director of the Vietnam Department of Peacekeeping Operations under the Ministry of National Defence, and Matsuzawa Tomoko, Director for Defence Cooperation in the Indo-Pacific region at the Japanese Ministry of Defence and head of the working group of Japanese experts, check the quality of the road. (Source:qdnd.vn) Hanoi (VNA) – Japanese engineers who were in Vietnam to participate in a competency evaluation programme for prospective United Nations peacekeepers (CEPPP) have built a stretch of road leading to the CEPPP training ground in Hanoi. The CEPPP under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus) Experts’ Working Group on Peacekeeping Operations Cycle 4 (2021-2023) was the first of its kind to be held in Vietnam. It was co-chaired by Vietnam and Japan. The stretch of road, leading to the training ground at Battalion 31 of Brigade 28 under the Air Defence - Air Force service, is 219 metres long, which is meant to mark the … [Read more...] about Japanese engineers build road to mark 50 years of diplomatic ties with Vietnam
SpaceX targets $500 million investment in Vietnam
During the 78 th UN General Assembly High-Level Week in New York, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including the space exploration tech firm SpaceX on September 20. In a notable discussion, PM Chinh met with Tim Hughes, senior vice president in charge of Global Business and Government Affairs at SpaceX. During their conversation, Hughes said, "SpaceX is planning an investment of approximately $500 million in Vietnam, and we're keen on obtaining a licence to introduce our Starlink services in the country." Chinh warmly welcomed SpaceX's proactive investment proposal and encouraged the company to "coordinate with Vietnamese agencies and relevant entities to expedite the project's deployment." Additionally, it's essential to consider competitive pricing to align with Vietnam's developmental objectives and legal framework," Chinh said. The PM emphasised the need for SpaceX to collaborate with Vietnam's Ministry of Planning … [Read more...] about SpaceX targets $500 million investment in Vietnam
Good news for Vietnam’s tra fish exports to U.S.
In early September, the U.S. Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the U.S. government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the U.S. in the August 1, 2021 - July 31, 2022 period. Accordingly, the U.S. authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other companies including Cafatex Corporation, International Development and Investment Corporation, Loc Kim Chi Seafood Joint Stock Company, and Hung Vuong Corporation. The preliminary tax rate … [Read more...] about Good news for Vietnam’s tra fish exports to U.S.
PM meets US Treasury Secretary, leaders of economic groups
Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups
VietnamWood Fair kicks off in HCM City
The 15th Vietnam International Woodworking Industry Fair attracts 320 exhibitors from 28 countries and territories. (Photo: VNA) HCM City (VNA) - The 15th Vietnam International Woodworking Industry Fair opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on September 20. It has attracted 320 exhibitors from 28 countries and territories who are showcasing their latest woodworking product lines and engaging in various curated events and activities. Exhibitors showcase comprehensive automatic production lines and wood system integration with the focus on digital transformation. It has eight foreign pavilions from Austria, Canada, France, Germany, Italy, Russia, the US and Taiwan. Speaking at the opening ceremony, Vice Chairman of the HCM City Handicrafts and Wood Industry Association Phung Quoc Man said Vietnam is the world’s fifth largest exporter of wooden products and has substantial demand for woodworking machinery and components. Imports of … [Read more...] about VietnamWood Fair kicks off in HCM City
AkzoNobel awarded certificate for paint product
Interpon powder coating is one of AkzoNobel 's key product lines, designed for high coverage, safeguarding buildings, residential projects, and global landmarks. The product was developed to facilitate surplus paint reuse, thereby reducing both costs and carbon emissions to the environment. Exceeding rigorous criteria, adhering to strict evaluation and testing procedures lasting up to 4,000 hours (equivalent to nearly six months), Eurowindow is among the few businesses in Vietnam certified for utilising the Interpon D3020 electrostatic powder paint line, with a warranty period up to 30 years. As a paint and coatings company that emphasises minimising negative environmental impacts during product development, AkzoNobel focuses on collaborating with partners who share the same sustainability criteria and commitments. AkzoNobel highly values the cooperation with Eurowindow, contributing not only to the modernisation of numerous projects in Vietnam, but as two companies share … [Read more...] about AkzoNobel awarded certificate for paint product