Capital flows into green growth projects have still seen positive signals despite adverse impacts from the Covid-19 pandemic on foreign direct investment (FDI) in Vietnam.
Category: Viet Nam
US and Vietnam reach timber pact thus averting punitive tariffs
The accord “secures commitments that will help keep illegally harvested or traded timber out of the supply chain and protect the environment and natural resources,” and no trade action is warranted for now, the Office of the US Trade Representative said in an emailed statement.
Vietnam says no extension of price offer for wind power developers
In an email interview with Reuters earlier this month, William Gaillard, Asia Pacific sales vice-president of wind turbine provider Vestas, said that without the FiT, projects face huge uncertainty over their future revenue, if not a risk of default under their project finance terms.
Vietnam should walk the talk in climate actions
The “critically insufficient” rating indicates that Vietnam’s GHG target in 2030 reflects minimal to no action and is not at all consistent with the Paris Agreement’s 1.5°C temperature limit. If all countries were to follow Vietnam’s approach, warming would exceed 4°C.
Vietnam to minimise new coal-fired power plants
The draft PDP VIII called for increased coal-fired power supplies. in response to expert criticism, however, the MoIT now state it won’t allow any new coal-fired projects and would instead replace them with more environmentally-friendly liquefied natural gas sources.
All hands on deck to preserve ecosystems in Vietnam’s Mekong Delta
The Mekong Delta region accounts for 12 per cent of the country’s area and nearly 20 per cent of its population. Rapid, unplanned economic development, unchecked population growth and climate change continually put pressure on these ecosystems, which have been reduced in size and degraded.
Managing plastic as a valuable resource will help address marine pollution, Promote a circular economy in Vietnam
The IFC-World Bank report, Market Study for Vietnam – Plastics Circularity Opportunities and Barriers, finds only 33 percent of the total 3.9 million tons of the commonly used plastics disposed per year in Vietnam are recovered and recycled. The study estimates that 75 percent of the material value of the plastics-equivalent to $2.2 billion to $2.9 billion per year is lost to the economy.
$149 million aquaculture expansion in Mekong Delta
The plan aims to grow the region’s aquaculture sector by over 4 per cent a year until 2030, and achieve annual exports of $9 billion.The plan also aims to step up environmental monitoring, food safety and biosecurity measures.
HCM City’s master plan to 2040 focuses on climate change adaptation
According to a Government decision on the master plan, the city is expected to have 13-14 million people by 2040 and 16 million by 2060. It plans to allocate 100,000-110,000ha of land for urbanisation by 2040.
Vietnam bids to woo Cambodia, Laos from China
Vietnamese authorities are increasingly concerned about developments on China and Laos’ stretches of the shared Mekong River. But Vietnam and Thailand, another historic ally of Laos, have so far failed to persuade the Vientiane government to rethink its impact on the Mekong.