Opening up a new business Tang The Cuong, Head of the Climate Change Department under the Ministry of Natural Resources and Environment said Vietnam is strengthening its capacity to build and operate a carbon market to realize its target of cutting GHG emissions under the Paris agreement, creating new impetus for low-carbon economic growth and sustainable development. Specifically, Vietnam will cut its total GHG emissions by nine percent compared to its previous development scenario, equivalent to 83.9 million tonnes of CO2, by using domestic resources. With international support, it will increase emission cutbacks to 27 percent, equivalent to 250.8 million tonnes of CO2. Using agricultural and forestry by-products in biomass power production Using internal resources, the potential to reduce emissions in the energy sector is 51.5 million tonnes of CO2 equivalent; in agriculture 6.8 million tonnes; in wastes 9.1 million tonnes; in industrial processes 7.2 million … [Read more...] about Progress made toward carbon credit market
Which reforms to make the government more democratic were supported by the progressive movement
Going green gives businesses a competitive advantage
Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage
Family tax deduction must adjust each year
Illustrative photo In addition to the achieved results, the PIT Law also revealed several shortcomings and many points that were not consistent with reality, including deduction for family circumstances. Therefore, the upcoming revised law should raise the family deduction for taxpayers from the current VND 11 mln per month to a higher level, to even VND 18 mln or VND 20 mln per month due to escalating costs of commodities. Now the current level of VND 11 mln per month has become irrelevant. Along with this, the family deduction for dependents which is currently VND 4.4 mln per month, should also be raised to 50% to 70%, or about VND 6 mln or VND 7.5 mln per month. Because the current level of VND 11 mln per month is not enough to live in urban areas, it cannot be considered a high taxable income. In addition, the Law on Personal Income Tax also reveals other limitations when many benefits arise that are not within the scope of salary and wages such as spiritual allowance, … [Read more...] about Family tax deduction must adjust each year
Health Ministry yet to approve vaccination for children under five
Vietnam has not yet drafted plans to give Covid-19 vaccines to children under five years old, the local health ministry said at a meeting on August 12. The meeting was held after the government recently instructed the ministry to make plans to vaccinate infants aged six months and above against Covid-19 starting next year. The order came as the government continued to push for greater vaccination coverage amid rising new infections and slow progress of the booster vaccination doses in various localities. "We'll continue to closely follow instructions from the WHO, watch for experiences from other countries, and study the local demand for vaccination of this age group," the ministry said. According to the ministry, the most important work now is to speed up the vaccination progress for children from five years old and adults as the number of infections have begun to rise again. "As of August 11, the country administered a total of over 249.36 million doses of Covid-19 vaccine," … [Read more...] about Health Ministry yet to approve vaccination for children under five
ABB and Audi cooperate to drive e-mobility adoption in Vietnam
As a long-standing technology partner of Audi globally, ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Vietnam for the launch of new all-electric Audi e-tron GT quattro, Audi’s first electric car to hit the Vietnamese market. Like many similar Asian countries, Vietnam is experiencing rapid urbanization. The rate of car ownership is forecasted to grow thirty-five-fold from 2010 to 2050. To help mitigate the environmental impact of this increase, it is vital that the sector evolves by embracing e-mobility solutions. ABB Wallbox charger 2022 marks many changes in the electric vehicle market in Vietnam. Reputable car manufacturers, such as Audi, have realized their plans by bringing electric car models to the country. While the Vietnamese government’s incentives for e-mobility is still in the first phase, the progress in e-mobility being driven by well established vehicle manufacturers shows the important role that electric … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Vietnam
☀️ Morning digest August 12
Hanoi (VNA) - The following is a list of selected news summaries last night by Vietnam News Agency. – The 14th meeting of the National Assembly Standing Committee wrapped up in Hanoi on August 11 after two and a half days of sitting. NA Chairman Vuong Dinh Hue said the meeting had completed all tasks as scheduled. Read full story – Standing members of the steering committee in charge of a project to draft a strategy for building and completing a law-governed socialist state of Vietnam by 2030, with a vision to 2045, held a meeting with the Central Theoretical Council in Hanoi on August 11. Members of the council showed their support for the draft strategy, which they said has been prepared in a methodological, democratic and scientific manner that guarantees the Party’s comprehensive and absolute leadership, firmly maintains the socialist orientation, and doesn’t include loopholes for hostile forces to take advantage of to sabotage the Party, State or regime. Read full story … [Read more...] about ☀️ Morning digest August 12
Vietnam participates more deeply in UN peacekeeping operations
The nation will play a more extensive role in future UN peacekeeping operations, including expanding the number of missions conducted by Vietnamese peacekeeping forces through forms of deployment. At the reception (Image source: qdnd.vn) Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien made the statement during a reception held on August 12 in Hanoi for Pauline Tamesis resident coordinator of the UN in Vietnam. Deputy Minister Chien emphasised that this year is of great significance as it will mark the 45th anniversary of the country’s participation in the UN. History shows that Vietnam has closely co-ordinated with international organisations, especially the UN, in order to carry out a foreign policy of independence, self-reliance, multilateralisation, diversification, and being a responsible member of the wider international community. The Deputy Minister also acknowledged the goodwill and co-operation of the UN and their competent … [Read more...] about Vietnam participates more deeply in UN peacekeeping operations
Qatar World Cup will be most luxurious yet, says hospitality firm boss
A company that sells exclusive FIFA packages to the well-heeled is predicting record sales for the World Cup in Qatar, but its owner insists the tournament will be "good value" for all fans. England have opted for the Souq Al Wakra as their base for the World Cup this year. Image by Tivoli Hotels. Jaime Byrom, who has sold millions of hotel rooms over 10 World Cups, said wealthy supporters will be flocking to the tiny Gulf state from around the globe on private planes and yachts. Byrom's Match Hospitality has contracted 450,000 of the three million tickets for the tournament that starts November 20. Packages range from $700 for a top ticket with a slap-up meal, to bills of a million dollars-plus for big groups staying in top hotels and watching several matches. Byrom refused to give the highest prices for his Pearl Lounge at the Lusail Stadium, where the December 18 final will be held. At the lounge's 116 seats overlooking the halfway line, … [Read more...] about Qatar World Cup will be most luxurious yet, says hospitality firm boss