SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges
Businesses climate change
President requires greater efforts to promote value of Ngoc Linh ginseng
Ngoc Linh ginseng (Photo: VNA) Quang Nam (VNA) - Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said when attending a workshop seeking ways to developing this kind of ginseng into a national brand in the central province of Quang Nam on August 6. President Phuc spoke highly of efforts made by Quang Nam and Kon Tum provinces in preserving and developing Ngoc Linh ginseng and expanding the growing areas. However, he also pointed out several problems that need to be addressed in the development of Ngoc Linh ginseng such as climate change, counterfeit products, and the ineffective application of scientific and technological advances. Therefore, the State leader stressed the importance of the engagement of both producers and researchers to better develop the plant, as well as the need to diversify products, protect purebred genetic … [Read more...] about President requires greater efforts to promote value of Ngoc Linh ginseng
Vietnam attempts to realize carbon neutrality commitment
It requires the engagement of different stakeholders to ensure that carbon neutrality is achieved realistically and sustainably. Amid international efforts against climate change, Vietnam’s public and private sectors have made commitments to reduce their impact on the environment in the context that the country is among one of the most affected by global warming But how can carbon neutrality be achieved realistically and sustainably? Bamboo is biomass that captures CO 2 from the atmosphere effectively. Carbon neutrality is a state of net zero carbon emission, by cutting greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for instance. Replacing polluting coal, gas, and oil-fired power with energy from renewable sources, such as wind or solar, would dramatically reduce carbon emissions. As well as deep and widespread cuts in emissions, for carbon neutrality to be … [Read more...] about Vietnam attempts to realize carbon neutrality commitment
[Net-zero strategy] People-centered approach: Vietnam’s weapon to realize COP26 commitment
Vietnam said all development decisions must be nature-based and centered around people to ensure sustainable development in which no one would be left behind. Vietnam, a developing country, has stressed the importance of an all-people approach in coping with a global issue – climate change – and its roadmap to achieve a net-zero target by 2050 it has declared. Overview of the workshop in Hanoi on Dec 7 chaired by Minister of Natural Resources and Environment Tran Hong Ha. Photo: Huong Giang/ UNDP The idea has been included in Prime Minister Pham Minh Chinh’s speech at the 2021 United Nations Climate Change Conference (COP26) held in Glasgow, the UK, in early November, as part of efforts to promote the engagement of all people in Vietnam in realizing its commitment at the global event, according to Pham Van Tan, Deputy Head of Vietnam’s Climate Negotiation Delegation. It’s interesting that Vietnam has stipulated the role of its people in the common drive, … [Read more...] about [Net-zero strategy] People-centered approach: Vietnam’s weapon to realize COP26 commitment
UN official recommends Vietnam focus on energy security
The UN official made the remark in an interview with the Vietnam News Agency in Hanoi on July 29. In regard to how Vietnam can successfully pursue an inclusive and green economic rebound in the post-COVID-19 period, she recommended the country to focus on energy security and energy access for everyone. The UN official also spoke highly of how Vietnam has changed in the past 45 years since it joined the UN, describing it as “amazing.” A country coming out of war and dependent on aid is now playing the other role of being a “stable and secured power centre,” she said. Wignaraja has been on an official visit to Vietnam to follow up a meeting between Prime Minister Pham Minh Chinh and UNDP Administrator Achim Steiner in New York last May, with priority given to the UNDP 's support for Vietnam in the context of post-pandemic recovery and financing a sustainable climate and energy transition./. VNA … [Read more...] about UN official recommends Vietnam focus on energy security
[Net-zero strategy] Which way is possible for Vietnam’s net zero journey?
Seizing the opportunity laid out by its clean energy resources and phasing out coal could be key for Vietnam’s green growth path. Vietnam’s Prime Minister Pham Minh Chinh has set a deadline for sectors to build plans for their sustainable development within the first quarter (Q1) of this year as part of efforts to materialize the country’s sustainable development. Vietnam’s Prime Minister Pham Minh Chinh speaks at COP26 in Glasgow, the UK in November 2021. Photo: VNA The PM demanded in Q2 a comprehensive program to implement Vietnam’s net-zero target that he pledged at the 2021 United Nations Climate Change Conference in Glasgow (COP26) in November 2021. Accordingly, authorized agencies are tasked with eight issues, namely energy transition, reducing greenhouse gas emissions; lowering methane emissions; developing electric cars; planting forests to absorb carbon dioxide; building construction materials and urban development suitable for green and sustainable … [Read more...] about [Net-zero strategy] Which way is possible for Vietnam’s net zero journey?
