Climate action incentive

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

As one of the leading international schools in Vietnam, ISHCMC has a rich 28-year history of student achievement. The class of 2022 was no exception, with one student, Seoyeon Hong, achieving a perfect score of 45 points in the IB Diploma. Mike Hebert, ISHCMC director of admissions and market growth, said: "The result puts her in the 99.7th percentile among students studying the IB Diploma Program globally. That is a true testament to the education students at ISHCMC are receiving and one that the whole community is proud of." Seoyeon Hong, who achieved a perfect score. Photo courtesy of ISHCMC Another student that has flourished under ISHCMC's educational environment is Junsoo Chung. Junsoo Chung joined ISHCMC in grade 2. Junsoo recounts: "I arrived at school with no English language. On my first day, a classmate shared with me a copy of "Star Wars," that book helped me kickstart my English skills." Junsoo is one of many recent graduates from ISHCMC’s class of … [Read more...] about ISHCMC graduates find path to flourish

The CF for the 2022-2026 period was signed by Minister of Planning and Investment Nguyen Chi Dung, as assigned by Prime Minister Pham Minh Chinh, and Tamesis in Hanoi on August 11. According to Tamesis, there are four priority development outcomes that the two sides have identified - social services; economic transformation; climate change, resilience and sustainability; governance and access to justice. The purpose of the cooperation framework is for the U.N. to be ready to support all of the changing development needs and challenges of Vietnam, she stressed. The signing of the deal means the government of Vietnam and the U.N. are committed to strengthening their partnership together, she said, adding that this is just a starting point. “We have the full period of this year to work together but it's urgent that we all take action in this partnership together because there's so many challenges around the world. And we need to be able to show results for the government to feel … [Read more...] about U.N. ready to support Vietnam in responding to new challenges: Coordinator

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