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At his meeting with British Cabinet Minister and President for the 26th United Nations Climate Change Conference (COP26) Alok Sharma, Khai said that Vietnam has been implementing many overall and comprehensive measures in the field of energy transition and growth model transformation towards a green and circular direction to realize commitments made at COP26. The official underlined that ensuring energy security for growth and reducing emissions at the same time is a very complicated problem that requires the support of the international community in terms of resources, technology, and governance capacity. Therefore, he said that Vietnam hopes that the U.K., the European Union (E.U.) and other member states of the Group of Seven (G7) will soon make specific commitments to supporting Vietnam in this area. For his part, Sharma held that Vietnam has made a proper decision to announce the net-zero emission commitment at the COP26, lauding Vietnam’s efforts to realize the commitments, … [Read more...] about Deputy PM busy with meetings on threshold of WEF meeting

Speakers at the press conference in HCM City on Tuesday. VNS Photo Xuân Hiệp Speaking at the press conference, Alain Cany said climate change, circular economy, energy resources and green financing would top the agenda of the Green Economy Forum and Exhibition 2022 to be held in HCM City from November 28 to 30. Organised by EuroCham Vietnam, the event aims to support Việt Nam in achieving its COP26 commitments through several green European innovations and sustainable solutions. The event also aims to help the country to achieve the socio-economic development goals specified in its National Green Growth Strategy for 2021-2030, he added. It will also help improve the cooperation between European and Vietnamese business communities and promote a sustainable green Vietnamese economy through expertise sharing and technology transfer initiatives. The forum is expected to offer a platform for all stakeholders to discuss green policy frameworks, national energy plans, … [Read more...] about Int’l Green Economy Forum to help Việt Nam meet COP26 commitments

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 24. - Deputy Prime Minister Le Minh Khai on May 23 led a Vietnamese delegation to attend the 52nd World Economic Forum (WEF) annual meeting. He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Programme Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Read full story - The Ministry of Foreign Affairs and the US Embassy on May 24 co-organised a ceremony to inaugurate the US-Vietnam Cooperation Centre at the Diplomatic Academy of Vietnam (DAV)’s campus in Hanoi. The new centre is an outcome of the partnership between the embassy’s Public Affairs Section and the DAV which … [Read more...] about ☕ Afternoon briefing on May 24

Speakers at the press conference in HCM City yesterday. — VNS Photo Xuan Hiep The partnership between Vietnamese and European business communities is essential to meeting Viet Nam’s commitments to the UN Climate Change Conference (COP26), said the chairman of the European Chamber of Commerce in Vietnam (EuroCham Vietnam) at a press conference in HCM City yesterday. Speaking at the press conference, Alain Cany said climate change, circular economy, energy resources and green financing would top the agenda of the Green Economy Forum and Exhibition 2022 to be held in HCM City from November 28 to 30. Organised by EuroCham Vietnam, the event aims to support Viet Nam in achieving its COP26 commitments through several green European innovations and sustainable solutions. The event also aims to help the country to achieve the socio-economic development goals specified in its National Green Growth Strategy for 2021-2030, he added. It will also help improve the cooperation between … [Read more...] about Int’l Green Economy Forum to help Viet Nam meet COP26 commitments

Tourism is an important contributor for VN's economy. Risk of slow growth Many forecasts released recently believe that Vietnam's economy will recover stronger. The GDP growth rate in the first quarter of the year is estimated at 5.03 percent, inflation is well under control so far, and the Consumer Price Index (CPI) in the first four months of the year has increased by 2.1 percent. However, despite optimism about the prospect of recovery, all forecasts warn that Vietnam needs to be cautious with the risk of slow growth against rising inflation. Asso. Prof. Dr. To Trung Thanh from the National Economics University, said that with the pandemic situation well under control and the economy receiving a boost from the new economic recovery support package, now economic growth can reach a target of 6.5 percent as expected. However, even if the growth rate reaches 6.5 percent, the average growth rate for the period 2020 to 2022 will be only 4 percent, much lower than the average … [Read more...] about Mindset change needed to face rising inflation

A customer buys medicine at a Pharmacity store. The mass opening of new pharmacy chains is expected to boost the pharmaceutical industry's revenue in the next few years. Photo the courtesy of Pharmacity HÀ NỘI The pharmaceutical industry is growing steadily because input costs are stable compared to other industries and businesses are less affected in a high inflation environment. In the first quarter of 2022, according to the business results of the listed pharmaceutical companies, SSI Research Co estimated that the total pharmaceutical revenue of the country increased by 7 per cent over the same period last year, in which the revenue from the pharmacy channel increased by 23 per cent over year-on-year and the hospital channel decreased by 5 per cent year-on-year. SSI Research assesses that the pharmaceutical industry will grow strongly in the future. Pharmaceutical demand will continue to increase until the end of 2022 when revenue from the hospital channel recovers … [Read more...] about Pharmaceutical industry sees promising propects