Innovation

Making net zero targets a reality would require practical solutions toward massive cuts in GHG emissions, especially in industries with high emission. In its latest report, Dream Incubator (DI) shows the causes of emission and possible directions for emission mitigation in top-emitting industries in Vietnam. For Vietnam, electricity generation, rice cultivation, and road transportation should be tackled as the top emitters with alarmingly elevated growth rates. Electricity generation has largely been known as the No.1 contributor to GHG emission in Vietnam, with coal being the most common cause. To mitigate emissions from coal-fired power plants, one solution is to encourage more renewable sources, most notably wind and solar. However, renewable energy developers are now struggling with the expiry of feed-in tariffs (FiT) scheme. Even though it is not yet official, Vietnam seems to be moving towards an auction scheme based on recent comments from government officials. To … [Read more...] about Innovating towards net zero: energy, rice, and transportation in Vietnam

VCCI Vice President Vo Tan Thanh speaks at the workshop. (Photo: VNA) Canada is currently Vietnam's second largest trading partner in the American market, while Vietnam is Canada's largest trading partner in the Association of Southeast Asian Nations (ASEAN). Since the establishment of their comprehensive partnership in 2017, trade turnover between the two countries has increased strongly, recording more than double-digit growth over the years. Between 2017 and 2021, the bilateral import-export value rose from US$3.5 billion to US$6.03 billion. In the first seven months of 2022, the figure stood at over US$4.27 billion. VCCI Vice President Vo Tan Thanh said Vietnam has great potential in supplying items such as textiles, garments, footwear, farm produce, and wooden products to the Canadian market, while Canada is a reliable manufacturer of such items as machinery, and raw materials for industrial production. Although trade between the two nations has made positive progress, … [Read more...] about Workshop spotlights Vietnam-Canada investment opportunities

At the signing ceremony of an MoU on innovation collaboration between the Vietnam National Innovation Centre and the Southeast Asia and Oceania Division under Singapore’s Ministry of Trade and Industry after the meeting. (Photo: VNA) Singapore (VNA) – The 16th Singapore-Vietnam Connectivity Ministerial Meeting was held in Singapore on December 2 under the chair of Vietnamese Minister of  Planning and Investment Nguyen Chi Dung and Singapor ean Second Minister for Trade and Industry, and Minister for Manpower Tan See Leng. Also attending the conference were representatives of the two nations’ ministries and sectors related to economic cooperation activities under the pillars of investment, trade and services, digital economy, energy, innovation, sustainability, transport, education, and finance. At the event, the two sides discussed cooperation since the 15th meeting was held in Hanoi in November last year. They also tabled orientations to expand cooperation in the … [Read more...] about Vietnam, Singapore hold 16th connectivity ministerial meeting

As approved at the Politburo meeting chaired by Party chief Nguyen Phu Trong, Ho Chi Minh City will enjoy extra autonomous decision-making power until the end of next year as a measure to help it develop to its full potential. The Politburo noted that the city has recorded important achievements in socio-economic development, national defense and security. The economic size of the city in 2020 was 2.7 times higher while its gross regional domestic product per capita was double that of 2010. The city has continued to adopt innovate growth models and improve application of science and technology and restructure its economy in the right direction. As a result, its annual budget collection has always exceeded the plan, the Politburo noted. However, it also said that the city has not fully exploited its potential and development advantages, and therefore its recent economic growth rate has slowed down compared to the previous period. The progress made in improving its investment … [Read more...] about Party agrees to extends pilot autonomy scheme for HCMC

The award bagged by KONE Vietnam, the local entity of Finland-based world’s leading enterprise in the elevator and escalator industry, recognising the company's efforts towards being a trusted partner for developing smart and sustainable cities. Representative of KONE Vietnam receiving the Smart City Award 2022 Its KONE DX class elevator has been featured in “Solution for smart building / apartment” category and KONE is the first and only FDI company named for this award. With the goal of optimising the project's functions, investors are increasingly interested in installing high-quality, smart elevators. In Vietnam, KONE is one of the leading elevator suppliers, prominent with premier projects such as InterContinental Grand Ho Tram, Le Meridien Saigon, JW Marriott Hanoi, InterContinental Nha Trang, Pullman Phu Quoc, Masteri Centre Point, Lotte Mall Hanoi, WINK Hotels, GO! supermarket chains, among others. The "Smart City Award 2022” is a worthy recognition for … [Read more...] about KONE Vietnam shines at Smart City Award 2022

The dinner was by SME Magazine Asia in Ho Chi Minh City on December 1, aiming to honour the achievements and efforts of small and medium enterprises (SMEs). The winners were carefully selected from a solid business community of SMEs in Malaysia, Singapore, Indonesia, and Vietnam. The “SME100® Fast Moving Companies Awards” is a prestigious regional, which honours the fastest growing, most successful, and prestigious SMEs. Award winners pose at the SME100 2022 Ceremony & Gala Dinner Businesses candidates running for the SME100 award are required to participate in many stages of evaluation, based on international standards, including qualitative and quantitative assessment; mandatory interview with council representatives about the company’s development in terms of revenue, profit, market share, operational ability and innovation to adapt to the current market. To be eligible for an SME100 award, a company needs to fulfill the following criteria: - A home-grown, … [Read more...] about D.lion Media & Solutions honoured at SME100 2022 Ceremony

Joint efforts over 60 years have placed Cuc Phuong National Park among the leading natural reserves and the candidate site for the International Union for Conservation of Nature (IUCN) Green List. Cuc Phuong National Park, the first of its kind in Vietnam, celebrated the 60th anniversary of its establishment today [December 2], one of the most important sites for biodiversity and eco-tourism in the 42% forested Southeast Asian country. Vietnam’s oldest national park with more than 22,000ha has inspired the world with the values of nature, of an intact jungle, and conveyed a message of animal rescue and forest stewardship. Nguyen Minh Chinh (3rd left) , Director of Cuc Phuong National Park, in the release of animals at the park. Photo: Bao Ninh Binh Nguyen Minh Chinh, Director of Cuc Phuong National Park, said Cuc Phuong had been the prototype of the establishment of 33 other national parks nationwide since its establishment in 1962. He said the success … [Read more...] about Cuc Phuong National Park: Typical model for conservation in Vietnam

HCMC seen from above The Politburo highly appreciated the effort of the Party, Government and people of HCMC in overcoming difficulties and challenges, and acknowledged the city’s important achievements in socio-economic development, national defense and security during the ten-year implementation of resolution No.16 . The city’s economic scale and GRDP in 2020 increased by 2.7 times and twofold compared to 2010, respectively. It has continuously innovated its growth model, improved the development quality on the basis of science and technology application, transformed economic restructure that focus on the industries, services and high-tech agriculture, and collected the annual State budget that exceeds the estimate. The sectors of science and technology, education and training, health, culture, and sports reached good results. The southern economic hub has also created jobs, reduced sustainable poverty, improved the people’s living standards and ensured social security. … [Read more...] about Politburo gives opinions on direction, task of developing HCMC until 2030

Delegates at the conference on Viet Nam-Canada investment opportunity in HCM City on December 2. — VNS Photo Bilateral trade between Viet Nam and Canada has increased significantly in recent years, but it is still not commensurate with its potential, and there is still plenty of room for growth, according to the Viet Nam Chamber of Commerce and Industry (VCCI). Speaking at a conference on Viet Nam-Canada investment opportunity in HCM City on Friday, Vo Tan Thanh, VCCI’s vice president, said bilateral trade turnover between the two countries increased from US$3.5 billion in 2017 to $6.0 billion in 2021. Trade reached $4.27 billion in the first seven months of 2022, with Viet Nam’s exports to Canada worth over $3.8 billion, he said. “Trade relations between the two countries have developed positively,” Thanh said. “Viet Nam boasts great potential for boosting exports of key products such as garments and textiles, footwear, agricultural products, and furniture to the Canadian … [Read more...] about Conference discusses investment opportunities between VN, Canada

For nearly half a century, education and training co-operation has been a pillar and a bright spot in the friendly relationship between Vietnam and Australia, according to National Assembly (NA) Chairman Vuong Dinh Hue. National Assembly Chairman Vuong Dinh Hue speaks at the forum NA Chairman Hue attended the Vietnam - Australia Education Cooperation Forum on the morning of December 2 (local time) in Melbourne as part of his ongoing activities taking place during his official visit to Australia. Speaking at the forum, the top Vietnamese legislator made five proposals, including increasing the number of joint training programmes between Vietnamese higher education institutions and Australia's highly ranked tertiary education institutions. As part of his remarks at the forum, Australian Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for Manufacturing, affirmed that education continues to play an important role in bilateral ties. The two … [Read more...] about NA Chairman highlights education links as pillar of Vietnam-Australia ties