Palaszczuk government renewable energy

View of the online conference between the Government and the localities related to the city’s socio-economy. The proposal was released by chairman Mai at an online conference between the Government and the localities related to the city’s socio-economic reports in the first six months and assigned missions in the second half of the year, implementing resolutions of the third plenary session of the 15th-tenure National Assembly on July 4. Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai speaks at the conference. At the city’s working place, chairman Mai informed prompt and comprehensive recovery of the city's socio-economy and it is expected to reach the growth as the pre- Covid-19 pandemic period. Specifically, the city’s economic growth in the second quarter surged by 5.74 percent and up to 3.82 percent in the first half of the year. The budget revenue has reached 61.7 percent which would promote the whole year’s economic growth to 6-6.5 percent. … [Read more...] about HCMC proposes Government promulgate implementation resolution of Ring Road 3

Jakarta (VNA) – Indonesia's state-owned electricity company PLN has axed a project to develop a coal-fired power plant as the country chases its long-delayed commitments to cut carbon dioxide emissions . PLN vice president of corporate communications Gregorius Adi Trianto confirmed that the company had canceled its plan to build the 1-gigawatt (GW) plant in Indramayu, West Java. It proactively stopped borrowing funds for the project as part of PLN's efforts to reach the country’s carbon neutral goal by 2060, Gregorius was quoted by local media as saying. The project’s termination came after Japan announced that it had canceled a plan to provide a loan worth 1.7 billion (12.55 million USD) for developing the Indramayu plant amid growing international criticism of coal power plants, a major source of greenhouse gas emissions. According to Indonesia ’s Ministry of Energy and Mineral Resources, total investment in the power sector reached 700 million USD in the first … [Read more...] about Indonesia cancels giant coal-fired power project

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such  half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM

EuroCham President Alain Cany In comparison to the first quarter of 2022, European investors' confidence in Vietnam's growth potential has decreased. Approximately 60 percent of respondents predict that Vietnam's economy will stabilize or improve in the third quarter of 2022, while this figure was 69 percent the previous quarter. Around 45 percent of survey respondents said they were very satisfied or satisfied with Vietnam's efforts to attract and retain foreign direct investment (FDI), while 76 percent expect their company to raise capital. FDI into Vietnam before the end of the third quarter. However, regarding Vietnam's green growth prospects, 79 percent of business leaders said their assessment of Vietnam's green development potential has improved. Nearly 90 percent of respondents think that Vietnam should strengthen the development of the green sector to attract more foreign investment. The survey also identified barriers to European investment in Vietnam and trade … [Read more...] about Business Climate Index in Vietnam drops: EuroCham Vietnam

Around 1 p.m., power went out in Hanoi’s inner districts like Ba Dinh, Cau Giay, Nam Tu Liem, Hai Ba Trung, and Hoang Mai. Nghia, manager of an office building in the Cau Giay District, stated that the power was restored after about 30 minutes. However the voltage spiked to more than 240 kilovolts (kV), causing some electrical equipment to be damaged. The damage is being assessed by building management. An employee of a media company in Hai Ba Trung District reported that while eating lunch at the office, power suddenly went out then came back on and then went out again. The loss of power recurred 10-15 minutes, causing many company equipment to be "turned on and off multiple times." Hanoi University of Science and Technology, located in Hai Ba Trung District, had to announce that "the entire school lost power due to a power grid failure in the city. We hope teachers and students understand for this inconvenience." The power was restored around 2:40 p.m., and normal … [Read more...] about Northern Vietnam hit by massive power outages

He pointed out that the world situation developed complicatedly over the past time with strategic competitiveness, the conflict in Ukraine, soaring fuel prices, escalating inflation in many countries, and the ongoing COVID-19 pandemic, among others. The pressure of high inflation, surging commodity prices and disrupted supply chains could be felt in Vietnam, the PM continued. However, under the sound leadership of the Party led by General Secretary Nguyen Phu Trong, and with the support of the National Assembly and the drastic management of the Government, engagement of ministries, agencies, localities, people and businesses, and the support of international friends, Vietnam has brought the pandemic under control and ensured macro-economic stability and major economic balances. The country has also worked to safeguard its independence, sovereignty and territorial integrity; maintain social security, order and safety; intensify external relations; step up administrative reform and … [Read more...] about Cabinet meeting looks into socio-economic situation

Hanoi, (VNA) - The following is a list of selected news summaries over the weekend by the Vietnam News Agency. – Prime Minister Pham Minh Chinh has ordered faster administration of the third and fourth doses of COVID-19 vaccine as part of measures against the unpredictable pandemic situation, especially when the sub-variant BA.5 has appeared in Vietnam and raised the risk of a new wave of coronavirus infections. According to the Government Office, to enhance pandemic control and create favourable conditions for socio-economic recovery and development, the Government leader has assigned Deputy PM Vu Duc Dam to continue directing the Ministry of Health, other ministries and sectors, and 63 provincial-level localities to drastically carry out anti-pandemic measures, especially accelerating COVID-19 vaccination. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the … [Read more...] about ☀ Morning digest on July 4

Vietnamese Minister of Education and Training Nguyen Kim Son has proposed that education fees be waived for all public middle schools across the country. The education minister put forward the proposal during an online conference with central- and local-level leaders on Monday morning. Son expects that his proposal will benefit students from grade sixth to ninth starting the 2022-23 school year, which is set to begin in less than two months. He requested the education ministry’s sub-units to work with the Ministry of Finance on evaluating the impacts of the proposed tuition exemption and calculating the state budget needed for this plan. Such tuition exemption is not a new proposition of the Ministry of Education and Training. In 2016, the government assigned the ministry to coordinate with the finance ministry in drawing up a similar scheme with a specific timeline while prioritizing investments for kindergarten and elementary education. Vietnam has made elementary … [Read more...] about Vietnam minister proposes making middle school free next year

Vietnamese leaders have sent congratulatory messages to leaders of the U.S. government and Congress on the occasion of the country’s 246th Independence Day. State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to U.S. President Joe Biden on Monday, according to the Ministry of Foreign Affairs. Chairman of the National Assembly Vuong Dinh Hue also extended greetings to President of the Senate Kamala Harris and Speaker of the House of Representatives Nancy Pelosi. On the same day, Minister of Foreign Affairs Bui Thanh Son sent a congratulatory message to U.S. Secretary of State Antony Blinken. Vietnam and the U.S. established bilateral relations in 1995, paving the way for a partnership of trust, friendship, and mutual respect. The bilateral relationship is guided by the comprehensive partnership signed in 2013 and joint statements issued by the leaders of the two countries in 2015, 2016, and May and November 2017, according to the … [Read more...] about Vietnam leaders congratulate US on 246th Independence Day