Jakarta (VNA) – Indonesia's state-owned electricity company PLN has axed a project to develop a coal-fired power plant as the country chases its long-delayed commitments to cut carbon dioxide emissions . PLN vice president of corporate communications Gregorius Adi Trianto confirmed that the company had canceled its plan to build the 1-gigawatt (GW) plant in Indramayu, West Java. It proactively stopped borrowing funds for the project as part of PLN's efforts to reach the country’s carbon neutral goal by 2060, Gregorius was quoted by local media as saying. The project’s termination came after Japan announced that it had canceled a plan to provide a loan worth 1.7 billion (12.55 million USD) for developing the Indramayu plant amid growing international criticism of coal power plants, a major source of greenhouse gas emissions. According to Indonesia ’s Ministry of Energy and Mineral Resources, total investment in the power sector reached 700 million USD in the first … [Read more...] about Indonesia cancels giant coal-fired power project
World cup qualifying top goal scorers
HCM City to issue traceability codes for products
Scanning QR Traceable Code. — Photo baochinhphu.vn HCM City plans to issue a list of goods with traceability codes with a goal to have at least 50 per cent of businesses in multiple sectors, such as vegetables, livestock, food and medicine, be able to exchange data with the traceability code system in Viet Nam and the world. Nguyen Thi Kim Hue, deputy director of HCM City Department of Science and Technology, said that traceability is a matter that consumers have great concerns for besides a product’s standards and quality. By establishing traceability, businesses can better monitor the production and distribution of products. This will help with the competitiveness of the product and the businesses domestically and internationally. The city has also issued a plan to implement and manage goods traceability for the 2021-2025 period. — VNS … [Read more...] about HCM City to issue traceability codes for products
Malaysia witnesses strong economic recovery
On a street in Kuala Lumpur, Malaysia (Photo:AFP/VNA) Kuala Lumpur (VNA) - Malaysia’s economic recovery remains in sight with a better trend as signalled by Malaysia's macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement that Malaysia is blessed with natural resources and commodities such as petroleum products and palm oil. As a net commodity exporter, Malaysia also benefits from higher commodity prices resulting in the country’s total trade chalking up a double-digit annual growth of 21.3% to 231.4 billion RM, he said. Exports rose 20.7% to 27.5 billion RM while imports went up 22% to 103.9 billion RM. The trade balance rose 15.7% and continued to remain in surplus at 23.5 billion RM. Malaysia's trade performance in May 2022 remained resilient, recording the fastest growth since November 2021, with total trade surpassing 1 … [Read more...] about Malaysia witnesses strong economic recovery
Malaysia rolls out measures to stabilise commodities’ prices
Kuala Lumpur (VNA) – Malaysian Prime Minister Ismail Sabri Yaakob has afffirmed that the government will seek measures to deal with the rising prices of commodities. Speaking at a tourism event on July 3, the PM said that currently, the Malaysian has spent a subsidy of 17.6 billion USD to stabilise the prices of necesities such as chicken, eggs, cooking oil, water, petrol and electricity. The country has given a number of short, middle and long-term solutions to easr people’s burden from rising prices of commodities , he said. He underlined that the Malaysian Government will continue to focus on programmes and initiatives that bring about prosperity and interest to people, ensuring that no one is left behind. Earlier, the Malaysian PM said that the country will set up a Food Security Committee to ensure the effective implementation of its national food security policies in the 2021-2025 period. A special taskforce will also be formed to control inflation, he … [Read more...] about Malaysia rolls out measures to stabilise commodities’ prices
Hanoi among Top 10 cities in Southeast Asia
Three major cities of Vietnam are distinguished with the annual prestigious awards of Travel & Leisure. The United States-based magazine Travel & Leisure has recently unveiled its 2022 Asia’s Best Awards with suggestions about the best travel destinations around the world. Accordingly, Hanoi, Danang, and Ho Chi Minh City are among the Top Ten “Best Cities in Southeast Asia” Hanoi- the thousand-year-old charming city President Ho Chi Minh Mausoleum in Hanoi. Photo: Cao Anh Tuan Ranked fifth on the list of Travel & Leisure , the charming capital city of Vietnam- Hanoi is a must-see travel destination for foreign travelers to the country. The fact is that the city is very peaceful and very welcoming to foreigners. It has a low crime rate, great tropical weather, and is easy to balance work life and fun, according to Bill Noland, an Aussie digital nomad in Hanoi. “It takes me around VND10 million or $428 for a convenient accommodation … [Read more...] about Hanoi among Top 10 cities in Southeast Asia
European businesses positive about Vietnam’s prospects for green growth
The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth
Three Vietnamese cities among Southeast Asian best
A view of Ho Chi Minh City Asia’s Best Awards 2022 suggests destinations, resorts and restaurants, among others, to try in the region. The lists were compiled basing on votes from readers around the world from January to April this year. Among the three Vietnamese cities in the list, Da Nang comes third, Hanoi fifth, and HCMC eighth. Bangkok of Thailand holds the No. 1 position. Meanwhile, Phu Quoc and Con Dao of Vietnam are among the Best Islands in Southeast Asia, respectively standing at the fourth and 10th places. Phuket of Thailand tops this list. The awards also cover outstanding tourism brands in each country. For Vietnam, there are lists of the best restaurants, hotels, bars, pizza, hotel pools, and beach/upcountry resorts. “The gates have been flung wide open and Vietnam’s up and away. Who would’ve thought in lockdown last year this country would be in a position now to say ‘xin chao’ to international tourists? While the plan to welcome five million visitors by … [Read more...] about Three Vietnamese cities among Southeast Asian best
Prudential Vietnam launches new AI-powered mental wellness tools
According to a scientific brief released by the World Health Organization (WHO) in March, the global prevalence of anxiety and depression significantly increased by 25 per cent in the first year of the pandemic. In pre-pandemic Vietnam, according to the statistics published by the Institute of Mental Health under the Hanoi-based Bach Mai Hospital, 30 per cent of the population was diagnosed with various mental health issues, while 25 per cent was related to depression and 15 per cent were caused by stress disorders. Despite close to one in three people being aware of their conditions, only a few sought medical attention. From the above statistics, the mental health of a large population has been heavily affected by the pandemic. Tran Thanh Phong, CMO at Prudential Vietnam said, “ We cannot talk about holistic wellness without considering mental health. The pandemic has clearly taken a toll on people’s mental health over the past two years, with uncertainties and anxiety … [Read more...] about Prudential Vietnam launches new AI-powered mental wellness tools
Cabinet meeting looks into socio-economic situation
He pointed out that the world situation developed complicatedly over the past time with strategic competitiveness, the conflict in Ukraine, soaring fuel prices, escalating inflation in many countries, and the ongoing COVID-19 pandemic, among others. The pressure of high inflation, surging commodity prices and disrupted supply chains could be felt in Vietnam, the PM continued. However, under the sound leadership of the Party led by General Secretary Nguyen Phu Trong, and with the support of the National Assembly and the drastic management of the Government, engagement of ministries, agencies, localities, people and businesses, and the support of international friends, Vietnam has brought the pandemic under control and ensured macro-economic stability and major economic balances. The country has also worked to safeguard its independence, sovereignty and territorial integrity; maintain social security, order and safety; intensify external relations; step up administrative reform and … [Read more...] about Cabinet meeting looks into socio-economic situation
☀ Morning digest on July 4
Hanoi, (VNA) - The following is a list of selected news summaries over the weekend by the Vietnam News Agency. – Prime Minister Pham Minh Chinh has ordered faster administration of the third and fourth doses of COVID-19 vaccine as part of measures against the unpredictable pandemic situation, especially when the sub-variant BA.5 has appeared in Vietnam and raised the risk of a new wave of coronavirus infections. According to the Government Office, to enhance pandemic control and create favourable conditions for socio-economic recovery and development, the Government leader has assigned Deputy PM Vu Duc Dam to continue directing the Ministry of Health, other ministries and sectors, and 63 provincial-level localities to drastically carry out anti-pandemic measures, especially accelerating COVID-19 vaccination. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the … [Read more...] about ☀ Morning digest on July 4