ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation

ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation

The Asian Development Bank (ADB) plans to offer technical assistance and $2.1 billion for Vietnam’s climate change adaptation per the country’s Nationally Determined Contributions commitment and energy transition.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Australia, Southeast Asia strengthen climate change, energy cooperation

Australia, Southeast Asia strengthen climate change, energy cooperation

The Australian Government has announced that it will strengthen its cooperation with Southeast Asia through a new AUD10 million ($6.51 million) program named Climate and Clean Energy Window, designed to bolster their joint efforts on climate change and clean energy.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

11 innovative climate projects selected to join Cimate Finance Accelerator Vietnam

11 innovative climate projects selected to join Cimate Finance Accelerator Vietnam

Eleven exciting project that help to tackle climate change in Vietnam have been selected as the second cohort of Climate Finance Accelerator (CFA) Vietnam, according to the British Embassy.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam eyes 23 loans worth $4 bln from ADB for 2024-2026

Vietnam eyes 23 loans worth $4 bln from ADB for 2024-2026

The Ministry of Finance has urged the Asian Development Bank (ADB) to continue its cooperation with Vietnamese authorities to boost the process of loan signings, as the lender’s 2024-2026 portfolio features 23 projects in Vietnam worth $4 billion.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam suggests cooperation orientations for G77

Vietnam suggests cooperation orientations for G77

Vietnamese Prime Minister Pham Minh Chinh proposed three cooperation orientations for the Group of 77, a coalition of 135 developing countries, at the G77 summit on climate change in Dubai on Sunday.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks WB soft loans for major traffic, climate projects

Vietnam seeks WB soft loans for major traffic, climate projects

Prime Minister Pham Minh Chinh has urged the World Bank (WB) to provide low-interest loans for key and large-scale traffic and climate-focused projects in Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dutch PM visit enhances Vietnam-Netherlands hi-tech, green growth cooperation

Dutch PM visit enhances Vietnam-Netherlands hi-tech, green growth cooperation

A two-day visit by Dutch Prime Minister Mark Rutte to Hanoi has helped strengthen bilateral cooperation in a wide range of issues, particular high technology, green growth, and climate change adaptation.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Australia, Japan, US deeply invested in Vietnam’s success: diplomat

Australia, Japan, US deeply invested in Vietnam’s success: diplomat

Australia, Japan, and the U.S. are deeply invested in Vietnam’s success and will continue to support it on a wide range of issues like clean energy, climate resilience and agriculture, an American diplomat said.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects

Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects

Prime Minister Pham Minh Chinh has urged Saudi Arabia to use its $620-billion Public Investment Fund (PIF) to invest in Vietnam’s prioritized sectors including transport infrastructure and climate change adaptation.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US firm plans $100 mln expansion of sustainable aquaculture project in central Vietnam

US firm plans $100 mln expansion of sustainable aquaculture project in central Vietnam

Massachusetts-based Australis Aquaculture will sign an MoU with Khanh Hoa province to invest an additional $100 million to expand sustainable aquaculture operations in Van Phong Bay.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

US pledges to keep aiding Vietnam in climate change mitigation: Kerry

US pledges to keep aiding Vietnam in climate change mitigation: Kerry

The U.S. will continue supporting Vietnam in coping with climate change as the latter is moving to cut emissions to zero by 2050, U.S. special presidential envoy for climate John Kerry has stated.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Renewable energy manufacturing offers huge opportunity to Southeast Asia: study

Renewable energy manufacturing offers huge opportunity to Southeast Asia: study

Southeast Asia, which includes Vietnam, could lose up to 30% of its GDP by 2050 due to increases in global temperature and extreme weather events, but bolstering its renewable energy manufacturing would help regional nations in several aspects, according to a new report.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Asean+3 ought to reinvent climate finance for the Asian century

Asean+3 ought to reinvent climate finance for the Asian century

To achieve carbon neutrality, Asean+3 countries must overhaul their economic strategies, which will almost certainly mean a period of slower growth. By mobilizing public and private climate finance, however, policymakers could mitigate the transition’s impact and create a greener and more resilient continent, write Masyita Crystallin and Marthe Hinojales.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Luxembourg embrace strategic partnership in green finance

Vietnam, Luxembourg embrace strategic partnership in green finance

Vietnam and Luxembourg will soon establish a strategic partnership framework for green finance to help the Southeast Asian nation pursue its green growth strategy.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB to provide $130 mln for key infrastructure projects in Mekong Delta city

ADB to provide $130 mln for key infrastructure projects in Mekong Delta city

The Asian Development Bank (ADB) has agreed to provide loans of $130.3 million for the Mekong Delta city of Can Tho to invest in key transport infrastructure development with climate change adaptation.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC 'super' anti-flooding project in limbo over contract extension disagreements

HCMC 'super' anti-flooding project in limbo over contract extension disagreements

A VND10 trillion ($424 million) anti-flooding project in Ho Chi Minh City has been suspended since 2018 due to disagreements regarding contract extension between local authorities and the investor.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong, Mekong Delta seek WB cooperation in climate change adaptation

Hai Phong, Mekong Delta seek WB cooperation in climate change adaptation

The northern coastal city of Hai Phong and nine Mekong Delta provinces are drafting climate change adaptation projects worth $414.7 million and $500 million, respectively, in cooperation with the World Bank.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nescafé unveils $1 bln plan for coffee sustainability, focusing on Vietnam

Nescafé unveils $1 bln plan for coffee sustainability, focusing on Vietnam

Nestle Group’s flagship coffee brand Nescafé will invest over one billion Swiss francs (over $1.02 billion) by 2030 to help coffee farmers transition to regenerative farming methods and adapt to the climate emergency.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

US seeks to elevate Vietnam ties, cooperate in clean energy

US seeks to elevate Vietnam ties, cooperate in clean energy

The U.S. wants to elevate the comprehensive partnership with Vietnam to a strategic one and cooperate in clean energy for mutual benefit, said U.S. Special Presidential Envoy for Climate John Kerry.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank Vietnam has inked a memorandum of understanding with Vietnam’s Ministry of Natural Resources and Environment to assist with the country’s green financing and efforts to combat climate change.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US to further aid Vietnam in climate change response: John Kerry

US to further aid Vietnam in climate change response: John Kerry

Special Envoy John Kerry affirmed Monday the U.S. will strengthen its support to Vietnam in responding to climate change.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB set to approve $91.4 mln loan for AC Energy wind farm in central Vietnam

ADB set to approve $91.4 mln loan for AC Energy wind farm in central Vietnam

The Asian Development Bank (ADB) is set to approve a $91.4 million loan for Filipino electricity producer AC Energy on October 31 to support the construction and operation of an 88-megawatt wind farm in Ninh Thuan province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

WB recommends path for Vietnam to address climate risks

WB recommends path for Vietnam to address climate risks

The World Bank’s Country Climate and Development Report for Vietnam underscores the urgency of adaptation to climate change, combined with policies and public and private investments to reduce the carbon intensity of growth.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

JICA inks $148 mln loan for Vietnam’s climate change measures

JICA inks $148 mln loan for Vietnam’s climate change measures

The Japan International Cooperation Agency has signed a deal with Vietnam’s Government to provide an official development assistance loan of 18.871 million yen (over $148.4 million) to help the country in countering disasters and climate change.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7