Viet Nam News GIA LAI — Krông Pa District in the Central Highlands province of Gia Lai is considered a good area for solar power projects as the temperatures can rise to 40oC. Solar power plant workers are now putting the finishing touches on a number of solar power plants that will connect to the national power grid this month. The 49MW plant with 209,100 solar panels is built on an area of 70.2ha at a cost of VNĐ1.4 trillion (US$60 million). Begun in March 2017, the project is expected to produce 103kWh and earn VNĐ200 billion ($ 8.5 million) per year after being put into operation. Tô Văn Chánh, chairman of the provincial People’s Committee, was quoted by local newspapers as saying that the project would play an important role in socio-economic development and solve the employment problem in the district. The 1,624sq.km area of Krông Pa District has the highest number of sunlight hours in Gia Lai Province, with 1,700 hours per … [Read more...] about Krông Pa: hotspot for new solar energy projects
How can solar panels help the environment
Tomaso Andreatta, co-chairman, Vietnam Business Forum Today we are witnessing the great success of Vietnam in welcoming an ever-accelerating flow of foreign investment into the country. Thanks to this, Vietnam has caught up with other large ASEAN partners as a major exporter to the whole world and GDP has grown through foreign investments, technology and know-how, the salaries paid to the Vietnamese employees, taxes, and all the local products and services acquired by foreign-invested enterprises. In part to support their companies investing in Vietnam, Japan, South Korea, and other countries have extended ODA to build infrastructure beyond the usual level. The quality of FDI is continuously increasing, and now the first products to be exported from Vietnam are electronics, just as, a few years ago, garments, shoes and furniture overtook oil and food as the key exports. This has been made possible by a unique combination of the culture of the Vietnamese people, who are especially … [Read more...] about Vietnam’s way ahead in foreign investment and economic growth
Vietnam’s Mekong Delta has been suffering a lot of land erosion in recent years. Is this linked to upstream developments, including dams? Richard Cronin: Numerous recent studies based on both current and historical data show that sediment-trapping hydropower dams upstream on the main stem and tributaries of the Mekong River are by far the most important cause of the fast increasing erosion of the coast and deeper penetration of sea water, even into the interior of the delta. Richard Cronin, a Mekong specialist at the American think-tank Stimson Center Most large dams trap between 80-90 percent or more of the historical sediment flow. Important but lesser causes of land erosion include sand-mining upstream and in the delta and the construction of canals that expose more surface area of the land to erosion. So what is in store for the Mekong Delta in terms of the sediment it has received, historically? Coastal erosion and sediment flows are highly connected. Already, upstream … [Read more...] about Vietnam’s Mekong quandary: settling the sediment issue
Vietnam is moving in the right direction in terms of promoting green lending, Mr. Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia and Laos, told VET. ■ How do you view the implementation of green finance in Vietnam? The recently-released International Finance Corporation (IFC)-supported Sustainable Banking Network global progress report put Vietnam among the leading performers in advancing sustainable finance, up there with China, Bangladesh, Indonesia, and Mongolia in Asia. National policies in these five countries require banks assess and report on environmental and social (E&S) risks in their lending operations and put market incentives in place for them to lend to green projects. Vietnam has gotten off to a good start via the issue of the Directive on Promoting Green Credit Growth and Environmental and Social Risks Management in Credit Granting Activities, in 2015, and Decision No. 1552, issued on August 6, 2015, on the issuance of an action plan … [Read more...] about Ahead in green lending
Viet Nam News by Bích Hường In a business-as-usual scenario, the world’s oceans could contain one tonne of plastic for every three tonnes of fish by 2025, and by 2050, more plastic than fish [by weight]. The numbers in a report launched at the World Economic Forum 2016 crossed my mind again when I saw images of trash abandoned at beaches and other tourist attractions that went viral on internet after recent public holidays on April 30 and May 1. More similar images are likely to come as Vietnamese enter the peak time of holiday season – summer. When students have a long break, people flock to beaches and tourist destinations. It’s a given that people are disappointed to spend their holidays in places that are filled or surrounded by ice cream sticks, wrappers, cans, water bottles and food waste. The trash not only damages the sight of the tourist areas, but also poses a high risk of environmental pollution to the locality if it is not treated … [Read more...] about Who wants a vacation to a trash filled beach?