Response to climate change

Representatives of CME Solar and responsAbility at the online signing ceremony The financing package is to support CMES to promote green power for the commercial and industrial segment in Vietnam as the company plans to expand a significant number of projects which will allow its clients to directly consume green energy through the business model “Zero Cost Investment”. Founded in 2018, CME group has cemented its position in the market with a good track record. So far, the company has served over 100 clients across 20 industries. Only three years since its establishment, over 200 million MWp have been installed and over 2GWh electricity generated each year. CMES is backed by Vietnam Oman Investment Fund, a sovereign fund established by Oman Investment Authority and State Capital Investment Corporation of Vietnam. The company follows the United Nations Sustainable Development Goals to end poverty, protect the planet and ensure that its development balance social, economic, and … [Read more...] about CME Solar and Swiss responsAbility fund cooperate in clean energy in Vietnam

Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, … [Read more...] about VIETNAM BUSINESS NEWS NOVEMBER 23

A network of expressways with a combined length of 400 kilometers would be built until 2025, including those of Cantho – Ca Mau, and Soc Trang – Chau Doc – Cantho – Tran De. The transportation infrastructure in the Mekong Delta region is slated for significant upgrades during the 2021-2030 period. Deputy Prime Minister Le Van Thanh at the meeting. Photos: Duc Tuan Deputy Prime Minister Le Van Thanh stressed the view during the Government meeting held on November 25, discussing the master plan for the Mekong Delta region for the 2021-2030 period, with a vision to 2050. According to Thanh, the Mekong Delta region remains one of the country’s key regions in terms of national defense-security and socio-economic-cultural development. As of present, the region makes up 12% of the total area, 19% population, 50% of crop production, 95% of rice exports, 65% of seafood, and 70% of fruits of the country. Thanh said for years, the Government has been prioritizing … [Read more...] about Significant upgrade of Mekong Delta Transportation infrastructure is slated for 2021-2030

In the past 10 years, Vietnam has manufactured its own satellites, paving the way for the development of the local space industry. Nano F-1 satellite This is the first microsatellite research and manufactured by a private Vietnamese corporation. The satellite was launched to the International Space Station (ISS) on July 21, 2012. Nano F-1 (10x10x10cm, 1kg) is a product of FSpace of FPT University Institute of Technology. It has a low-resolution camera (640x480) to take pictures of the earth; a 3-axis magnetic field sensor to serve the satellite posture determination system and several temperature sensors to collect data from the space environment. The main purpose of the research and development of the F-1 nanosatellite is to build a team of Vietnamese people capable of mastering space technology through the design and manufacture of satellites and ground stations to control satellites. The successful launch of the F-1 nanosatellite is an important event … [Read more...] about VN space industry and Make-in-Vietnam satellites

The Cuu Long (Mekong) Delta region needs “consistent strategies” to deal with groundwater extraction, land subsidence and saltwater intrusion in an increasingly urbanising area, experts said at a conference in Ho Chi Minh City on November 26. Speaking at the online event, Nguyen Huu Thien, an expert on Mekong Delta ecology, said that land subsidence is a threat to many of the world’s deltas, especially the Mekong Delta in Vietnam. A severe landslide along a bank of the Tien River in Thanh Binh district in the Mekong Delta province of Dong Thap. (Photo: VNA) The overexploitation of groundwater in the region has contributed to severe land subsidence and will lead to devastating consequences if the practice continues, according to the expert. “It is essential to support policymakers in exploring suitable, consistent strategies for mitigating subsidence in a participatory manner.” In recent years, data has become available showing the rate at which the Mekong Delta … [Read more...] about Low-lying Mekong Delta deals with worsening land subsidence

The view was shared by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch during their working session on November 26, as part of President Nguyen Xuan Phuc’s ongoing official visit to Switzerland. Dien expressed his belief that economic and trade cooperation will be the center and main momentum of the relations between the two countries, and suggested Switzerland work together with Vietnam to successfully build up new cooperative foundations in the time ahead. Both officials lauded efforts of the two countries’ negotiators during the talks on a free trade agreement between Vietnam and the European Free Trade Association (EFTA). They held that after 16 rounds of official negotiations and various online meetings since 2012, it is time to conclude the talks. Dien proposed Switzerland, with its great role and prestige in the EFTA, urge other members to take a more practical approach, especially … [Read more...] about There remains room for stronger Vietnam – Switzerland economic, trade ties: Officials