Green growth on siding

Henri Pierre Gebauer, team leader on economic governance and green growth at GIZ What is your assessment on Vietnam’s progress and the difficulties it could face when cultivating green economic policy? Vietnam has come a long way in implementing green fiscal instruments. On the revenue side, measures include the environmental protection tax and natural resources tax. On the expenditure side, a threshold of 1 per cent of the total annual state budget expenditure for environmental protection has been implemented since 2006. These instruments are supplemented by measures such as tax incentives for electric cars, lower tax rates for biofuel, preferential corporate income tax rates and exemptions for enterprises investing in environment and climate change mitigation technologies, and green credit policy. With the adoption of the National Green Growth Strategy in 2012, the government set an ambitious framework for the shift of the growth model towards a green economy. Implementation … [Read more...] about GIZ’s concepts support green growth reforms in Vietnam

Chairman of the People’s Committee of Ho Chi Minh City Nguyen Thanh Phong and German Consul General to the city Josefine Wallat (Source: https://www.sggp.org.vn) HCM City (VNA) - Chairman of the People’s Committee of Ho Chi Minh City Nguyen Thanh Phong and German Consul General to the city Josefine Wallat discussed ways to foster multifaceted cooperation between  the Vietnamese southern metropolis  and the European country during their meeting on September 30. Highlighting the fruitful cooperation between the two countries in various fields, the municipal leader said that HCM City is focusing on infrastructure development, energy, and green growth with a goal of becoming a financial hub in the region. He hoped that with her bridging role of the Consul General, Wallat will call on and guide German enterprises to land their investments in the city. Phong pledged to create favourable conditions for German firms and the Consulate General to operate effectively in … [Read more...] about HCM City, Germany look to boost multifaceted cooperation

Vietnam is particularly ­appealing to Asian ­investors and homebuyers Since 2015 when Vietnam legalised foreign property ownership, the market has been receiving increasing interest from foreign buyers, specifically Asian investors taking advantage of the bargain price compared to the rest of the continent. Henri Limyuen, a 36-year-old from the Philippines, told VIR that he is looking for a suitable apartment to buy in Ho Chi Minh City. Limyuen was visiting a launching ceremony of the Rome Residential project which is located in District 2. He said he has worked and lived across different Asian countries, and Vietnam is a top destination of his in terms of purchasing a home. “I think the regulations to permit foreigners to buy a house in Vietnam are open, and I see an opportunity for a good house here at a much cheaper price compared to other neighbouring countries,” he said. Limyuen added that the price of homes in Vietnam still remains lower than those in … [Read more...] about Strong demand for high-end property

Permanent Deputy Prime Minister Truong Hoa Binh (L) and Acting Deputy PM of Finland Mika Lintila (Photo: VNA) Helsinki (VNA) – Permanent Deputy Prime Minister Truong Hoa Binh had talks with Acting Deputy PM and Minister of Finance of Finland Mika Lintila in Helsinki on September 27, as part of his official visit to the European nation. The host welcomed Deputy PM Binh’s visit, saying that it will create a new driving force for the two countries’ relations to continue growing strongly.  He also affirmed that Finland attaches importance to developing multifaceted cooperation with Vietnam. At the talks, the two sides shared the view that bilateral ties have enjoyed progress in various spheres and at different levels. They agreed to increase mutual visits and meetings at all levels and continue to effectively implement the existing cooperation mechanisms. Trade – investment partnerships play an important role in the countries’ relations and have … [Read more...] about Vietnam, Finland discuss measures to advance relations

Residents of Thanh Thuỷ Commune in Vị Xuyên District said they are still occasionally startled by an explosion somewhere in the mountains nearby, a cruel reminder of a bloody border war 40 years ago. Unexploded ordnance littered the forest floor in Hà Giang Province. — VNS File Photo They first prayed that no one gets hurt by stepping on the unexploded ordnance (UXO) buried in the terrain throughout the north-eastern uplands, especially the northernmost province of Hà Giang, where the bloodiest battles were waged. Bồn Văn Hòn lives just 10km from the centre of Thanh Thuỷ Commune but the journey easily takes more than two hours. Having lost both of his legs in two separate incidents related to unexploded bombs, Hòn uses his arms to move around. Bồn Văn Hòn lost both his legs in two separate incidents involving unexploded ordnance in Vị Xuyên District of Hà Giang … [Read more...] about Unexploded bombs continue to haunt Hà Giang