Renewable energy adoption

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

Illustration. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Consumer Price Index ( CPI ) edged up 0.91 percent in June , with nine out of 11 groups of goods and services recording an increase in prices, the municipal Statistics Office reported. Prices of transport services soared 3.89%, largely due to a 7.18% spike in petrol prices after they were revised up three times in June. Those of gas and other energy products, meanwhile, declined 6.09%, the office said. Prices of food and dining services picked up 1.05% during the month. Those of rice, a major component of food, grew 0.57% on the back of low supply as the Winter-Spring harvest nears end. Prices of foodstuff surged 1.27% last month, with the growth seen in various products, such as fresh, dried and processed vegetables (4.47%), eggs (2.59%), confectionery (1.65%), poultry meat (1.58%), and fresh and processed fruits (1.54%). House rental rates went up 1.64% while construction materials and water … [Read more...] about HCM City’s CPI picks up 0.91% in June

Illustrative image (Source: VNA) Hanoi (VNA) – Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts. Savills cited the Global Status Report for Buildings and Construction 2021 , which showed that in 2020, the real estate and construction sector accounted for 36% of global final energy consumption and 37% of energy related CO2 emissions , as compared to other end use sectors. Vietnam approved a national strategy on green growth for the 2021-2030 period with a vision to 2050, which aims to switch the country’s growth model towards a greener economy with the application of a circular economic model through the economical and efficient use of natural resources and energy, and developing sustainable infrastructure for higher growth … [Read more...] about Real estate firms advised to catch up with green growth trend