Renewable energy in germany

Permanent Deputy Prime Minister Pham Binh Minh (right) hosts a reception for outgoing Ambassador of Denmark Højlund Christensen on July 5. (Photo: baochinhphu.vn) Hanoi (VNA) – Permanent Deputy Prime Minister Pham Binh Minh on July 5 hosted a reception for outgoing Ambassador of Denmark Højlund Christensen, speaking highly of the guest's contributions to bringing green projects to Vietnam. Ambassador Christensen has left an imprint in Vietnam by pushing for Denmark -based LEGO Group to invest in Binh Duong, Minh said, adding that what makes the LEGO project special is that it will use clean energy which is well aligned with Vietnam’s priorities. He further noted that following LEGO, another Danish renowned company – Pandora – has pledged to pour 100 million USD into a jewelry-crafting facility also using renewable energy at the Vietnam – Singapore Industrial Park 3 (VSIP3) in Binh Duong. Minh expected both projects will not only pave the way for a new wave of … [Read more...] about Deputy PM hosts outgoing Danish Ambassador

Vietnamese Prime Minister Pham Minh Chinh talked over the phone with his counterpart from the Republic of Korea (RoK) Han Duck-soo on July 5, during which the two leaders compared notes on measures to boost the bilateral relations. PM Pham Minh Chinh (right) holds phone talks with his Korean counterpart Han Duck-soo (Photo: VNA) This was the first phone talk by the RoK’s PM with a foreign leader since he took office. Congratulating Han on his appointment as the RoK's PM, Chinh said despite global and regional uncertainties, including COVID-19 impacts, the relationship between Vietnam and the RoK has maintained its stable development pace, and the two countries have become leading important partners of each other, especially in economy, trade and investment. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification of relations, and being a friend, a reliable partner and an active, … [Read more...] about Vietnamese, Korean Prime Ministers hold phone talks

At the meeting, the two officials expressed their delight at the flourishing development of the Vietnam-Ireland relations in politics - diplomacy, trade - investment, education - training, and development cooperation. They highlighted the fact that despite the impacts of the COVID-19 pandemic, the two-way trade turnover still keeps a high growth momentum, reaching USD 4.7 billion in 2021. The two sides agreed to enhance coordination between the two foreign ministries in order to tighten the political and economic ties. They also reached agreement on expanding cooperation in priority fields such as climate change adaptation, renewable energy, hi-tech agriculture development, innovation, development cooperation, education - training, and people-to-people exchange. Translated by Chung Anh … [Read more...] about Vietnam, Ireland boost multifaceted cooperation

Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus. Oil prices suffered their biggest daily drop since March on growing fears of a global recession and lockdowns in China that could slash demand. Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto, cited signs of a looming energy crisis in Europe and economic concerns for the euro's tumble. "The threat of a recession in the euro zone is a more clear risk now relative to before," Rai said. The euro dropped by almost 1.8 percent against the dollar to $1.0236, its weakest level since December 2002. It was last down 1.48 percent against the dollar. Meanwhile the dollar index , which measures the greenback against a group of major currencies, was up 1.31 percent, after hitting … [Read more...] about Euro slumps to two-decade low, oil tumbles as recession fears intensify