Finalization of green taxonomy 'a matter of urgency'
Vietnam's Ministry of Natural Resources and Environment (MoNRE) has tasked its Institute of Strategy and Policy on Natural Resources and Environment to draft a green taxonomy. The Investor talked with Assoc. Prof. Dr. Nguyen Dinh Tho, head of the institute, to take a deep dive into green finance development in Vietnam and the green taxonomy.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese SOE Huadian plans $2.4 bln green hydrogen plant in central Vietnam
Huadian Group, a Chinese state-owned enterprise (SOE), plans to cooperate with Vietnamese partner Minh Quang JSC on a $2.39 billion green hydrogen plant in the central province of Quang Tri.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Circular business model at Lagom Vietnam JSC
The name Lagom comes from the Swedish philosophy of life, which means not too much, not too little, just enough. By minimizing unnecessary needs, we significantly cut the amount of waste released into the environment, writes Tran Van Hieu, deputy director and co-founder of Lagom.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinamilk looks to net zero by 2050
Vietnam's leading dairy corporation Vinamilk has announced the Vinamilk Pathway to Dairy Net Zero 2050 project, underwhich the company will reduce its greenhouse gas (GHG) emissions by 15% in 2027 and 55% in 2035, before reaching net zero by 2050.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Sojitz plans to build smart green industrial park in southern Vietnam
Japan’s multi-sector business Sojitz Corporation plans to build a smart green industrial park in Vietnam’s southern industrial hub of Dong Nai under a program run by the Japanese Ministry of the Environment.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
German investment can be powered by green electricity: diplomat
Germany’s private sector is very interested in investing more in Vietnam, but they also “want to have green electricity,” Santiago Alonso, development counselor with the German embassy in Hanoi, said Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023
The International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, made total commitments of $1.9 billion in Vietnam in fiscal year 2023 ending June 30, the IFC announced on Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index gains for 4th consecutive session
Vietnam's benchmark VN-Index expanded 10.89 points, or 0.90%, to close at 1,224.05 on Thursday, marking its fourth straight gaining session.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
UK launches phase 2 of Climate Finance Accelerator in Vietnam
The British Embassy in Hanoi has announced a new wave of capacity building support for low carbon projects that can benefit communities across Vietnam.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch climate-centric fund manager enters Vietnam hydrogen fray
Climate Fund Managers (CFM) of the Netherlands has entered into strategic cooperation with Vietnam’s The Green Solutions (TGS) to promote hydrogen industry in the country.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam forms working group to boost ties with Singapore in green, digital economies
The Vietnamese government has established an interdisciplinary working group to carry out the Green-Digital Economic Partnership with Singapore.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province signs 9 investment certificates, 10 MoUs with investors
Long An province, an industrial hub in southern Vietnam, is attracting a new wave of investment as authorities handed over nine investment certificates and signed 10 memoranda of understanding with private investors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 holds tremendous opportunities for property investors: Keppel executive
Vietnam offers tremendous opportunities for real estate investors as the country continues to undergo rapid urbanization, underpinned by economic growth and an expanding middle class, and coupled with improved infrastructure networks, said Joseph Low, president of Keppel Land Vietnam.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Making the most of Vietnam's Just Energy Transition Partnership
Vietnam’s efforts toward carbon neutrality and international institutions’ support for the transition offer various business opportunities, but challenges exist, writes Luong Phuong Mai from HSBC Vietnam's commercial real estate and wholesale banking division.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreigners not allowed to buy homes attached to land under draft amended law
Foreign organizations and individuals will not be allowed to own houses attached to land if an amended draft Housing Law is approved by the parliament in November this year.
Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam industrial property developers look to reap MNCs’ supply chain diversification gains
Vietnam's industrial real estate continues to attract both domestic and foreign investors looking to benefit from the supply chain diversification initiatives of multinational corporations (MNCs).
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB facilitates inclusive, sustainable Vietnam recovery with $264 mln credit
The World Bank has approved a $263.9 million credit package from the International Development Association to propel Vietnam’s inclusive, green and digitally-driven economic recovery.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
South Korea's SKC signs deal with Hai Phong city for green, advanced materials investment
SKC Co., a South Korean manufacturer of advanced materials, signed a preliminary agreement on Monday with Vietnam's Hai Phong city to explore potential investment in advanced materials for secondary batteries, semiconductors, and other green sectors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Acquisitions in Vietnam energy industry offer investment opportunities
Acquisitions and forming partnerships with firms in Vietnam have become effective ways for energy developers to catch opportunities in the fast-expanding economy.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Experts, officials call for joint efforts to bolster Vietnam’s green exports
Vietnam’s export-driven economy needs better collaboration among sources of green exports and supply chains in provinces and localities to enhance growth, heard a trade promotion forum on Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s renewables promoting power plan in line with global greener practices: EuroCham
Vietnam’s latest power development plan facilitates a smooth transition towards equitable and sustainable energy systems, aligning with global trends towards greener practices and the need to reduce emissions, said the European Chamber of Commerce (EuroCham).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Firms in Vietnam adopt sustainable practices, grip onsite renewable energy
Companies in Vietnam are incorporating sustainable practices into their operations, advancing the adoption of renewable energy sources for their manufacturing facilities.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC innovative move to help boost climate resilience of buildings in Vietnam
International Finance Corporation, the World Bank’s investment arm, launched its Building Resilience Index (BRI) program in Vietnam on Thursday to help make the country's buildings and cities more climate resilient.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Asia needs clearer standards, less complexity, for green projects to accelerate net-zero transition
David Liao, co-chief executive, Asia Pacific at HSBC, explains what Asia including Vietnam is supposed to do to lure investors who embrace environmental, social, and corporate governance (ESG) issues.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s biggest waste-to-power plant secures $160 mln syndicated loan
Germany’s Deutsche Bank has arranged a $160 million syndicated loan for Vietnam's largest operating waste incineration plant, located in Hanoi.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firm breaks ground for country’s first green hydrogen plant
Clean energy company TGS started the construction of Vietnam's first green hydrogen factory on Thursday in the Mekong Delta province of Tra Vinh, with the total cost estimated at VND8 trillion ($341 million).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
First 9 projects picked for Climate Finance Accelerator in Vietnam
Nine low-carbon projects in Vietnam have been announced as the first cohort to join Climate Finance Accelerator (CFA) in the country, the British Embassy in Hanoi said Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Going green is life-or-death demand for Vietnam’s clothing sector: industry association
Rapidly shifting to green production to ensure green exports and achieve sustainable development is extremely important for Vietnam’s apparel sector as the whole world is demanding sustainability from the industry, the Vietnam Textile and Apparel Association (VITAS) said on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Blue chips help VN-Index close in green for second session
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), gained 8.11 points, or 0.79%, to 1,040.54 on Wednesday on the rally of blue chips.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered sees further investment potential in 'green' Vietnam
Leading global bank Standard Chartered sees Vietnam as a significant market to invest in and this long-term investment aligns with its business commitments and strategies. Standard Chartered Bank Vietnam CEO Michele Wee talks with The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index up 22 points following central bank’s rate cuts
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), gained 22.06 points, or 2.12%, to 1,062.19 on Wednesday, ending its three-session losing streak.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s DEG to invest $18 mln in Turkish diaper plant in Vietnam
DEG, the German Development Finance Institution, has approved an investment of 17 million euros ($18.1 million) into Hayat Kimya Vietnam Company, an Asian Development Bank-backed maker of baby diapers, wet wipes, and women’s hygiene pads.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Blackstone Minerals to enhance Vietnam green nickel project
Blackstone Minerals has set its sights on the American firm’s Vietnamese green nickel ambition through its ongoing engagement with prospective technology and offtake partners at its Ta Khoa refinery project in northern Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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