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Who signed the paris agreement

/ March 2, 2021

Pooling all efforts for the carbon market

What are the principles to build forest environment and CO2 indexes? Prof. Pham Van Dien, deputy director general of the Vietnam Administration of Forestry (VNFOREST) The forest environment index would be a measure of the capacity to decrease CO2 emissions while simultaneously increasing absorption. A key part of this is forest carbon stock, the amount of carbon that has been sequestered from the atmosphere and is stored within the forest ecosystem. Comparing the forest environment index with actual emissions will help set payments for reducing emissions and establish a market for international emissions trading for sellers, buyers, and intermediaries alike. Regarding the CO2 index, I believe there are two theoretical avenues that can be taken. The index can either concern the carbon emissions of each facility separately, with the upper limit being the emissions quota allotted for them, or look at the net emissions of the entire market and carbon credit created by the decreases in emissions and increased absorption capacity achieved by managing the ecosystem. At the same time, the two indicators need to be built with a mind to ensure economic growth while promoting forest protection, benefiting buyers, sellers, and farmers alike. How will these indices promote carbon trading? They will be the basic building bricks to developing the domestic carbon market, making it possible to exchange carbon credit within the bounds of domestic regulations and international commitments. Reduction targets are forecast to drive carbon credit supply below demand, making the market more animated. The forest environment and CO2 indexes will motivate provinces to better manage their forests, while manufactures with net emissions will be encouraged to upgrade technology and switch to renewable energy to stay within their allotted quotas and avoid charges. What can Vietnam learn from the experience of other countries in managing carbon emission? …

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/ March 2, 2021

VIETNAM BUSINESS NEWS MARCH 2

Vietnam racks up $1.29 billion in trade surplus in two months The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Vietnam’s trade balance posted positive, 1.29 billion USD, in the first two months of the year, the General Department of Customs said on December 28. The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Of the total, exports amounted to 48.55 billion USD, a yearly hike of 23.2 percent, while imports were estimated at 47.26 billion USD, or 25.9 percent higher than the same time last year. Foreign-invested companies accounted for 76.4 percent, or 37.07 billion USD, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad 11.48 billion USD worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (9.3 billion USD, up 22.8 percent year-on-year); electronics, computers and parts (6.9 billion USD, up 27.3 percent); equipment, machines and parts (5.5 billion USD, up 72.6 percent); footwear (3.2 billion USD, up 15.4 percent); and wood and wooden products (2.4 billion USD, up 51 percent). They made up 73 percent of the country’s export turnover. The US was Vietnam’s biggest importer as it splashed out 14.2 billion USD on Vietnamese products, or 38.2 percent higher than the amount it spent the same time last year. China came second with 8.5 billion USD, followed by the EU with 6.3 billion USD, ASEAN 4.2 billion USD, the Republic of Korea 3.4 billion USD, and Japan 3.2 billion USD. Meanwhile, the country spent big (47.26 billion USD) on imports, with foreign-invested sector purchasing 31.64 billion USD worth of products from abroad for production, up 31.4 percent, while that of the domestic sector surged 16 percent to 15.62 billion USD. In the two-month period, China was the largest exporter of Vietnam, with revenue …

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/ March 2, 2021

Russia attaches importance to strategic partnership with Vietnam in new context

Russian Foreign Ministry Spokesperson Maria Zakharova (Photo: VNA) Moscow (VNA) – Russia attaches importance to the strategic partnership with Vietnam in the new context, Russian Foreign Ministry Spokesperson Maria Zakharova has said. She made the remarks on the occasion of the 20th anniversary of the signing of the Vietnam-Russia strategic partnership statement (March 1). The statement is a clear confirmation of the aspirations of Vietnamese and Russian people for enhancing the bilateral ties on the basis of the time-honoured friendship and mutually beneficial cooperation between the two countries, the spokeswoman said. The signing is the result decades-long, effective collaboration between Vietnam and Russia across spheres, while demonstrating their determination to expand the relationship in the new historical context, according to the statement. Zakharova said over the past two decades, the strategic partnership has reaped impressive achievements, with high-level political dialogues and visits at the highest level by leaders of the two countries maintained. Meanwhile, cooperation in trade, economy, military and military technology, science-technology, and humanitarian collaboration have also received more momentum. She highlighted the intensified exchanges between the parliaments, Parties and localities, and new cooperation mechanisms, saying Vietnam and Russia elevated their relationship to a comprehensive strategic partnership in 2021. The solidarity and mutual support have been reflected during the fight against the COVID-19 pandemic, Zakharova said. Vietnam and Russia have provided consultations and other necessary aid for each other, while sharing experience in the combat, she elaborated. Given difficulties facing the region and the world, the comprehensive strategic partnership remains an important factor of Russia’s foreign policy in Asia-Pacific, the spokeswoman said. President of the Vietnam Union of Friendship …

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