Environmental

Thang co-chaired the seventh theory dialogue between the Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SDP), during which the two parties exchanged views on a number of both theoretical and practical matters. Discussions have placed an emphasis on Vietnam’s energy transition strategy to ensure national energy security and fulfill international commitments; developing green agriculture in Vietnam in the era of the Fourth Industrial Revolution; green growth and climate resilient models in some Vietnamese localities; and the path towards an eco-social market economy and advantages and challenges to energy transition and green agriculture development in Germany. The Vietnamese official also had a meeting with SPD Co-leader Lars Klingbeil. He spoke highly of the long-standing friendship between the two parties and the SPD’s efforts in co-hosting the seventh dialogue, and proposed both sides to further expand their relations in the coming time, contributing … [Read more...] about Renewable energy, climate action prioritized in Party official’s visit to Germany

The United Nations Development Programme (UNDP) last week again warned that the ocean is faced with increasing threats and multiple risks posed by climate change, natural disasters, environmental pollution, over-exploitation of natural resources, and unsustainable economic activities. “Global warming and marine litter are threatening marine resources, including widespread bleaching of coral reefs. Globally, an estimated 8-20 million tonnes of plastic enter the ocean every year. In Vietnam, around 2,000 tonnes of plastic waste leaks from the country into the ocean every day. It is estimated that there will be more plastic than fish in the ocean by 2050,” said Caitlin Wiesen, resident representative in Vietnam of the UNDP. The global ocean economy contributes an estimated $3 trillion per year, or about 5 per cent of the world’s GDP and comprises industries ranging from oil and gas, shipping and ports to renewable energy, fisheries, marine ecosystems and tourism. The value of the … [Read more...] about Blue economy model gathering pace

Well-known groups are continuing to pour money into Vietnam specifically for research and development, Photo: Le Toan LEGO Group COO Carsten Rasmussen last week arrived in Vietnam to speed up the preparation of a $1 billion complex in the southern province of Binh Duong. At last week’s meeting with the Danish toymaker, Deputy Prime Minister Pham Binh Minh said, “This is the largest capital from a Danish group investing in Vietnam, confirming the faith and optimism of Lego, as well as the interest of other Danish investors in this country.” Fresh updates recently revealed by the Ministry of Planning and Investment that the total newly-registered foreign direct investment (FDI) into Vietnam last year amounted to $38.85 billion, up 25.2 per cent on-year, thanks to two billion-dollar projects registered at $7.7 billion and both licensed on the last day of 2021. An annual report on FDI in Vietnam released last week by the Vietnam Association of Foreign-Invested Enteprises … [Read more...] about FDI quality in need of fresh policy boost

President of the Ho Chi Minh National Academy of Politics (HCMA) Prof. Dr. Nguyen Xuan Thang meets State Secretary at the German Federal Ministry for Economic Affairs and Climate Action Patrick Graichen. (Photo: VNA) Berlin (VNA) – President of the Ho Chi Minh National Academy of Politics (HCMA) Prof. Dr. Nguyen Xuan Thang has been busy on his visit to Germany from May 14 – 19, with renewable energy and climate action high on his working agenda. Thang co-chaired the seventh theory dialogue between the Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SDP), during which the two parties exchanged views on a number of both theoretical and practical matters. Discussions have placed an emphasis on Vietnam’s energy transition strategy to ensure national energy security and fulfil international commitments; developing green agriculture in Vietnam in the era of the Fourth Industrial Revolution; green growth and climate resilient models in some … [Read more...] about Renewable energy, climate action prioritised in Party official’s visit to Germany

Worsening outdoor air pollution and toxic lead poisoning have kept global deaths from environmental contamination at an estimated 9 million per year since 2015 – countering modest progress made in tackling pollution elsewhere, a team of scientists reported Tuesday. Air pollution from industry processes along with urbanization drove a 7% increase in pollution-related deaths from 2015 to 2019, according to the scientists’ analysis of data on global mortality and pollution levels. "We're sitting in the stew pot and slowly burning," said Richard Fuller, a study co-author and head of the global nonprofit Pure Earth. But unlike climate change, malaria, or HIV, "we haven't given (environmental pollution) much focus." An earlier version of the work published in 2017 also estimated the death toll from pollution at roughly 9 million per year — or about one of every six deaths worldwide — and the cost to the global economy at up to $4.6 trillion per year. That puts pollution on par with … [Read more...] about Pollution killing 9 million people a year, Africa hardest hit: study

Riccardo Verzella Senior associate (left) and Ho Ngoc Diep Legal advisor, D’Andrea & Partners Legal Counsel Some new innovations of the aforesaid regulations are more relevant compared to the previous FDI regime, and certain aspects may be further optimised with the aim of improving the ease of doing business in Vietnam for overseas investors. Market access rules were significantly improved under the amended LoI. Before its implementation, based on the previous law, the allowed business fields for foreign investors were only those expressly referred to in a permitted list as mentioned therein. Nevertheless, Vietnam has switched to the so-called “negative list” approach with the LoI: hence, currently, foreign investors may perform all the business activities not included in the Negative List for Market Access for Foreign Investors without differentiation from domestic investors. This innovation indeed removes uncertainty for foreign investors, widens their business … [Read more...] about Crafting complete enterprise and investment laws