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China seeks to promote Lancang-Mekong Cooperation

April 14, 2021 by en.vietnamplus.vn

China seeks to promote Lancang-Mekong Cooperation hinh anh 1 Chinese State Councillor and Foreign Minister Wang Yi (Photo: Xinhua)

Hanoi (VNA) – China will work with Mekong countries to continue to promote the development of the Lancang-Mekong Cooperation (LMC) towards creating a new model of regional cooperation, and building a new highland of development and prosperity, Chinese State Councillor and Foreign Minister Wang Yi was quoted as saying on April 13 by Xinhua News Agency.

Xinhua News Agency also quoted the Chinese official as saying that the LMC mechanism had brought tangible benefits to the people of all LMC countries.

The six LMC countries absorbed resources from all sides, focused on pragmatic cooperation and reached fruitful results. They also did a lot to benefit the people and carried out regional governance and maintained peace and stability of the region.

Wang said that China is speeding up efforts to foster a new development paradigm, and the LMC is facing new opportunities.

The six LMC countries should adhere to the spirit of partnership to jointly seek ways for development; adhere to interconnection to build an engine for development; adhere to innovation to foster momentum for development; and put people’s livelihood first to consolidate the foundation for development, he said.

Xinhua also quoted Myo Thant Pe, Myanmar Ambassador to China, as saying that all countries would continue to cooperate closely with China, push forward mechanism construction and deepen pragmatic cooperation to better benefit all the people./.

VNA

Filed Under: World Mekong countries, lancang-mekong cooperation (lmc), Chinese State Councillor and Foreign Minister Wang Yi, vietnamplus, vietnam news agency, World, Mekong..., mekong lancang cooperation, mekong-lancang cooperation media summit, mekong lancang cooperation cambodia, mekong-lancang cooperation fund, mekong lancang cooperation summit, lancang mekong cooperation upsc, lancang mekong cooperation pdf, lancang-mekong cooperation meeting, lancang mekong cooperation initiative, lancang-mekong cooperation secretariat, lancang mekong cooperation gktoday

Paris Agreement support project to be accelerated in Vietnam

April 14, 2021 by vov.vn

The VN-SIPA scheme, that uses a non-refundable official development assistance (ODA) from Germany, was previously granted approval by the Prime Minister back in April 2019. It is set to be implemented nationwide over a four-year period until 2023, with a total capital of EUR10.3 million.

The ultimate aim of the project is to strengthen the legal framework and national capacity to support the implementation of the Paris Agreement on climate change, with a specific focus on implementing the nation’s Nationally Determined Contribution (NDC).

Addressing the event, Deputy Minister of Natural Resources and Environment Le Cong Thanh stated that the VN-SIPA project is of great importance to Vietnam as its success will contribute to both the implementation of the NDC and the Paris Agreement on climate change.

Deputy Minister Thanh therefore requested delegates to discuss effective implementation measures and to consider a 2021 plan for the project. A primary focus will be on strengthening State governance in response to climate change, and enhancing the nation’s role and responsibility as a party to the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC).

Weert Börner, deputy ambassador of Germany to Vietnam, pointed out that Vietnam is one of the first to develop a concrete action plan for its implementation, as well as submitting and updating its own NDC.

The VN-SIPA project will serve to assist the Vietnamese Government when it comes to building the necessary conditions in line with the Paris Agreement, Börner said. The scheme aims to achieve adaptation and mitigation gains that will bring about environmental, social, and economic benefits, especially in terms of reducing CO2 emissions which occur in national economic activities.

Vietnam completed an NDC update and handed in its report in September, 2020, thereby becoming one of the 20 nations globally to submit its update.

The project has served to support the development of a climate change adaption chapter of the revised Law on Environmental Protection in 2020, laying the foundation to further build legal corridors on the local climate change response. It has also supported the formulation of various documents on climate change management across a number of industries, such as aviation, agriculture, and construction.

Members of the steering board also touched upon issues in order to complete the tentative plan for major activities which will be carried out in the year ahead.

Filed Under: Uncategorized Paris Agreement, climate change, VN-SIPA, non-refunadable, official development assistance, ODA, Nationally Determined Contribution, NDC, Society, Paris..., criticisms of the paris agreement, paris agreement 2015 summary, nationally determined contributions paris agreement, us withdraws from paris agreement, paris agreements, who signed the paris agreement, us leaves paris agreement, ratification paris agreement, paris agreement summary, about paris agreement, paris agreement cop21, mayors for paris agreement

Vietnam striving to quickly produce home-made COVID-19 vaccines

April 14, 2021 by en.nhandan.org.vn

The meeting was chaired by Deputy Prime Minister Vu Duc Dam, who is also head of the committee.

The board asked that favourable conditions continue to be created for the clinical test of COVID-19 vaccines, while plans of production should be put in place in order to quickly produce vaccines once the testing proves successful.

Hailing the Health Ministry for its vaccination efforts and dealing with post-vaccination reactions, the board directed the health, public security, and national defence ministries to continue closely controlling immigration pending a policy regarding “vaccine passports”.

Many at the meeting reiterated that prevention measures continue to play an important role in the current context.

Ministries, agencies, and localities are urged to direct medical stations, schools, lodging facilities, factories, and markets to remain vigilant and seriously follow prevention and control measures.

Vietnam reported 16 imported cases of COVID-19 on the evening of the same day, raising the national count to 2,733.

The new cases include one Indian expert, one American expert and 14 Vietnamese citizens who were sent to quarantine right upon their arrival.

Meanwhile, 2,445 COVID-19 patients have been given the all-clear, and the death toll remains at 35.

Among patients still under treatment, 16 have tested negative for the novel coronavirus once, 18 twice and 18 thrice.

A total 38,743 people who had close contact with COVID-19 patients or arrived from pandemic-hit areas are being quarantined across the country.

The Health Ministry continues to urge all people to follow the 5K motto – Khau trang (wearing facemask) – Khu khuan (disinfecting) – Khoang cach (keeping distance) – Khong tu tap (no gathering) – Khai bao y te (making medical declaration), in order to live safely amid the pandemic.

Filed Under: Uncategorized vietnam news, vietnam business, vietnam travel, vietnam culture, vietnam sports, vietnam politics, hanoi, saigon, ho chi minh city, apec, da nang, hue, hoi an, ..., vaccinations for vietnam, quick ways to make money from home, vaccin vietnam, vietnam homes for sale, luxury homes vietnam, vietnam travel vaccinations, vietnam pows returning home, vaccination requirements vietnam, chain quick link home depot, vietnam vaccines, vietnam vaccines uk, home quick planner

Over 300 enterprises joins Vietnam Expo 2021

April 14, 2021 by vov.vn

The four-day event has attracted the participation of 320 enterprises from Cuba, Russia, Germany, Japan, the Republic of Korea, China and Vietnam showcasing their products at 300 stands.

On display are an array of products representing a wide range of sectors, including machinery and supporting industries, digital technology and e-commerce, food, beverages, and consumer goods.

Themed “Step together in a digitized world”, Vietnam Expo 2021 offers both offline and online booths, conferences and B2B webinars taking place via e-commerce platforms.

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai expressed his belief that the application of information technology, digital platforms and trade promotion in this year’s fair will greatly help enterprises with their recovery and development plans.

Filed Under: Uncategorized Vietnam Expo 2021, Vietnam International Trade Fair, e-commerce, digital platforms, Economy, ..., vietnam manufacturing expo, vietnam auto expo 2017, social enterprise in Vietnam, Vietnam Expo, nu skin enterprises vietnam llc, EXPO Vietnam, Vietnam Manufacturing Expo 2016, Vietnam Expo 2017

Semiconductor crisis forces top-level action

April 13, 2021 by www.vir.com.vn

1539 p11 semiconductor crisis forces top level action
Semiconductor crisis forces top-level action. Source: freepik.com

The world’s semiconductor industry sales hit $40 billion for the month of January – a rise of 13.2 per cent on-year, revealed the Semiconductor Industry Association.

Now, consumers are having to deal with price hikes and a lack of products from automobiles and videogames to TVs and smartphones as a global shortage in semiconductors grows.

The shortage in chips, the so-called “brain” within every electronic device, has been slowly getting worse since last year, according to The Guardian. Temporary delays in supplies as factories shut down due to the coronavirus pandemic caused initial issues. However, although production is somewhat back to normal, surges in the demand driven by new habits stemming from the pandemic is causing the situation to worsen.

Mainly, a boom in sales of TVs and computers, the launch of brand new videogame consoles, and arrival of 5G-enabled mobile phones have all driven the demand.

The crisis has even affected Apple, the biggest buyer of semiconductors at $58 billion annually. It was forced to delay the launch of the iPhone 12 by two months last year as a result of the shortage.

“Chips are everything,” said Neil Campling, media and tech analyst at Mirabaud. “There is a perfect storm of supply and demand factors going on here. But there is a new level of demand that can’t be caught – everyone is in crisis and it is getting worse.”

In possibly the most shocking development, Samsung – the world’s second-largest buyer of chips – last month said it might have to postpone the launch of a high-end smartphone, despite also being the world’s second-largest producer of chips.

“It is incredible that Samsung sells $56 billion of semiconductors to others, and consumes $36 billion of them itself, finds it may have to delay the launch of one of its own products,” said Campling.

Ford meanwhile recently cancelled shifts at two car plants and said profits could be hit by up to $2.5 billion this year due to chip shortages, while Nissan is delaying output at plants in both the United States and Mexico. General Motors also said it could face a $2 billion profit hit.

In February Sony, which along with other console makers has struggled with stock shortages over the last year, said it might not hit sales targets for the new PlayStation 5 this year. Its rival, Microsoft’s Xbox, forecasts supply issues continuing at least until the second half of the year.

In a bid to unblock the jam, governments are now getting involved. CNBC reported a fortnight ago that US President Joe Biden is looking to place $37 billion into the sector in an attempt to lower America’s reliance on overseas supply chains. Biden said at the end of March, “We shouldn’t have to rely on a foreign country to provide for our people. We need to sharpen America’s competitive edge by investing here at home.”

But countries including the US and Germany have also reached out to Taiwan to help remove bottlenecks in production. Along with the pandemic, the new administration believes the semiconductor shortage was exacerbated by the previous president’s actions against China.

“Manufacturing of microelectronics in the US has reached a historic low, and this is a big problem for us,” said Terry Halvorsen, IBM’s general manager for Client and Solutions Development.

Taiwan dominates the outsourcing of semiconductor manufacturing. Its contract manufacturers together accounted for more than 60 per cent of total global revenues in the field in 2020, according to Taipei-based research firm TrendForce. Much of its dominance is due to Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), the world’s largest foundry. TSMC accounted for 54 per cent of all revenues via outsourcing of semiconductor manufacturing globally last year.

Dan Wang, a technology analyst at research firm Gavekal said, “Looking at market share, TSMC manufactures around 50 per cent of all semiconductors in the world – and I think that still understates how important it is because these are some of the most advanced chips out there.”

At the start of March, TSMC said it plans to invest $100 billion over the next three years to increase capacity. The move came after Intel Corporation’s announcement to spend $20 billion on the expansion of advanced chip-making capacity.

“Ultimately, securing the microelectronics supply chain of the US and its allies is a challenge they need to face now,” Halvorsen of IBM noted. “It’s the only way we can ensure sustainable long-term capability in this critically important area.”

The last big supply shock for the industry was a decade ago after the Fukushima earthquake damaged operations at Renesas Electronics, the number three supplier of auto chips.

By Quang Hai

Filed Under: Uncategorized Semiconductor, smartphones, automobiles, Samsung, Investing, crisis force nes rom, 01.04 forces in action, 01.04 forces in action prezi, nullification crisis force bill, semiconductor vacuum level, semiconductor donor level, low level injection in semiconductor, unrelenting force level 3, 01.04 forces in action lab, obi wan force level, hurricane force levels, post-crisis follow-up action plan

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