Why does global warming cause climate change

PM Pham Minh Chinh said Vietnam, which suffered severe pains, sacrifices and losses from wars as well as blockage and embargo in the previous century, understands and cherishes the values of peace, cooperation and development, adding with the spirit of “putting aside the past, overcoming differences, upholding similarities and looking towards the future,” Vietnam has spared no efforts to develop relations with foreign countries. As the world is facing serious crises in terms of trust, multilateral cooperation, principles and resources, PM Pham Minh Chinh said that the world leaders should join hands to carry out five groups of measures with an inclusive and comprehensive approach. First, it is necessary to build sincerity, reinforce strategic trust and call upon countries to uphold responsibility as the basis of the efforts, he said, in which the world’s powers should play a very important role in intensifying trust, and spreading sincerity and sense of responsibility. Second, … [Read more...] about PM delivers speech at U.N. General Assembly’s General Debate

Vietnam has the advantage of a long coastline and sufficient water surface area for developing both brackish and freshwater aquaculture. (Photo: vneconomy.vn) HCM City (VNA) – The growth in Vietnam's seafood export turnover in recent years has been created from the foundation of the aquatic farming, exploitation and processing industry. Vietnam’s aquaculture industry has not only served the sizable domestic market with a population of about 100 million but also gradually conquered the world market, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP). Hoe said that along with the growth of global seafood consumption demand, Vietnam's aquaculture product export turnover has maintained growth for many years and reached 11 billion USD in 2022, 12 times higher than that of 1998. Not only growing in output, Vietnamese aquacultural products are also considered a source of protein with stable quality and increasingly high … [Read more...] about Vietnam’s aquaculture top position on world map

The European Union is slated to pilot the Carbon Border Adjustment Mechanism (CBAM) from October, aligned with its vision of achieving carbon neutrality by 2050. How do you anticipate the CBAM to impact Vietnam? Melissa MacEwen, sustainability and circular economy director for PwC in Asia-Pacific There are five key sectors under which products are going to be affected, and when products from those areas are imported into the EU, there will be checks based on emissions intensity. This will require independent verification, something which Vietnamese enterprises must prepare for. There are regulations in Vietnam regarding reduction of greenhouse gas emissions and protection of the ozone layer, but they do not yet include independent verification. The CBAM is also an opportunity to keep money within the country. Taking Thailand as an example, this country actually already responded to the potential impact of the CBAM on its sectors and is applying a tax on the same … [Read more...] about Businesses becoming active in the circular economy