June 24 man

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Angkor Wat, a UNESCO world heritage site, is the tourist icon of Cambodia. (Photo: Khmer Times) Phnom Penh (VNA) - Cambodia expects to welcome 1.2-1.3 million international tourists in 2022, said Director General of Tourism Development and International Cooperation at the Ministry of Tourism Thong Rathasak. Recovering fast from the COVID-19 downfall, Cambodia is banking on increased arrival of foreign tourists this year, compared to the last two years. According to Rathasak, the Southeast Asian nation served over 500,000 foreign visitors in the first half of this year, and this was a good comeback compared to the number of 200,000 tourist arrivals last year.. COVID-19 was a big lesson as Cambodia n people learned to coexist with a pandemic, he said, hoping that people who left the tourism sector would come back and rebuild their businesses or careers. For Cambodia, 2022 started well as it got the chance to organise the ASEAN Tourism Forum (ATF), which was … [Read more...] about Cambodia eyes to serve 1.3 million foreign tourists in 2022

Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official

A medical worker prepares medicine for COVID-19 patients at the National Hospital for Tropical Diseases' Intensive Care Unit (Photo: VNA) Hanoi (VNA) - The Ministry of Health has ordered health departments to strengthen the management and reporting of new COVID-19 cases. The move came after a series of fast-spreading sub-variants of Omicron (BA.4, BA.5, BA.2.75 and BA.2.12.1) were reported in the country. According to the ministry’s General Department of Preventive Medicine, the number of COVID-19 cases has been on the rise in both Vietnam and around the world. The country is currently recording an average of about 2,000 new cases each day. The number of new cases is believed to be on the rise again. Therefore, in order to actively prevent and control the COVID-19 pandemic, the department told leaders of health departments nationwide to regularly and promptly review and report new cases of COVID-19. The localities must comply with regulations on reporting new cases … [Read more...] about Health Ministry orders strengthening reporting of new COVID-19 cases

Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range