Facebook loses 150 billion

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Nguyen Thuc Thuy Tien, Miss Grand International 2021, has officially become the Communications Ambassador of the International Tourism Expo Ho Chi Minh City 2022 (ITE HCMC 2022). Nguyen Thuc Thuy Tien, Miss Grand International 2021 at a press conference (Photo: nld.com.vn) This information was unveiled during a press conference held on August 16 hosted by the municipal Department of Tourism with the aim of introducing the 16th version of ITE HCMC. Tien outlined that the expo will contribute to rebooting the southern city’s tourism industry moving into the post-pandemic period, as well as introducing the country’s tourism, culture, cuisine, and people to a range of international friends. She expressed her hope moving forward that with the role as a media ambassador, she will make great contributions to reviving the local tourism sector and meet the goal of welcoming more international visitors in the future. Following two years of suspension caused by the … [Read more...] about Thuy Tien becomes Communication Ambassador of ITE HCMC 2022

The image of Ao Tien high-class tourism urban area has been shared widely on social networks in recent days. (Photo nld.com.vn) Quang Ninh (VNS/VNA ) - The People's Committee of northern coastal Quang Ninh province has refuted information that it has allowed a project to conduct sea encroachment and subdivide land plots for sale, which seriously undermined the conservation of the UNESCO-recognised Ha Long Bay . The committee said the information circulating online about a development project encroaching into the bay in recent days was "not true." The image circulated was taken at in Ao Tien high-class tourism urban area project in Van Don district. The area was in Van Don economic zone, not in the Ha Long Bay, the province stressed. In recent days, the image of an urban area with divided land plots and an island in the middle of the area locating right close to Ha Long Bay has been shared widely on Facebook, stirring strong opposition about greed-driven … [Read more...] about Quang Ninh refutes allegations of sea encroachment in Ha Long Bay

At the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture , Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19 . The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. He ordered restarting heritage digitalisation with the participation of travel enterprises to promote new tourism products. Regarding electricity prices for tourism services and lodging facilities, Dam, also head of the Committee, asked the Ministry of Industry and Trade (MoIT) to submit a plan on power price adjustment to the Prime Minister before application. The MCST, travel associations and firms should propose specific tax and land incentives, he said. Minister Nguyen Van Hung … [Read more...] about Committee seeks ways to ensure rapid, sustainable tourism recovery

Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company