Indonesia launches international carbon trading platform
Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.
People watch carbon trading activity on a digital screen at the Indonesian stock exchange building in Jakarta on January 20, 2025. Photo courtesy of AFP/VNA.
According to Indonesian Environment Minister Hanif Faisol Nurofiq, international carbon trading is conducted via the Indonesian Carbon Exchange (IDXCarbon).
He also noted that this initiative is part of Indonesia's commitment to the 2015 Paris Climate Agreement to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Carbon trading is not only a market mechanism, but also a bridge between economic growth and environmental management.
A carbon trading system will promote innovation and sustainable development, and create a foundation for international cooperation towards a low-carbon future, Hanif added.
According to Indonesian authorities, there are 1.735 million tonnes of carbon dioxide available for trading. This is the cumulative emission reduction from a number of strategic energy projects across the country.
- Read More
Road linking Gia Binh airport with Hanoi must be completed in 2 years: Vietnam PM
A road linking Gia Binh Airport in the northern province of Bac Ninh to downtown Hanoi must be completed within a maximum of two years, said Prime Minister Pham Minh Chinh.
Infrastructure - Mon, February 24, 2025 | 11:45 pm GMT+7
Vietnam PM requests probe into banks with increased deposit interest rates
Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam, the country's central bank, to immediately inspect banks that have lifted their deposit interest rates, a driver of increased lending rates.
Banking - Mon, February 24, 2025 | 11:37 pm GMT+7
Thailand unveils AI-, IoT-based smart agriculture platform
Thailand has launched a new smart farming platform named “HandySense B-Farm” which harnesses the power of smart sensors, artificial intelligence (AI) and Internet of Things (IoT) to help farmers control and manage their farms efficiently.
Southeast Asia - Mon, February 24, 2025 | 10:33 pm GMT+7
Indonesia strives to escape middle-income trap
Indonesian Minister of National Development Planning (PPN) Rachmat Pambudi has said Indonesia needs to transform its economy to escape the middle-income trap and achieve the Golden Indonesia Vision by 2045.
Southeast Asia - Mon, February 24, 2025 | 10:32 pm GMT+7
Indonesia seeks waste management technology
Indonesian Environment Minister Hanif Faisol Nurofiq informed that his ministry has held discussions with various parties to explore the potential for funding cooperation for the procurement of waste management technology.
Southeast Asia - Mon, February 24, 2025 | 10:31 pm GMT+7
Explosions shake southern Thailand ahead of former PM Thaksin’s visit
Bomb blasts hit Thailand’s southern provinces just before former Prime Minister Thaksin Shinawatra’s visit on Sunday.
Southeast Asia - Mon, February 24, 2025 | 10:13 pm GMT+7
Vietnam's commercial banks upbeat to book high profits for 2025
As the annual shareholders' meeting season is approaching, Vietnamese banks are unveiling optimistic profit targets for 2025 on the expectation of strong economic growth and credit recovery.
Southeast Asia - Mon, February 24, 2025 | 10:03 pm GMT+7
Criteria for evaluation of FDI efficiency in Vietnam issued
A set of 42 criteria for the evaluation of foreign direct investment (FDI) efficiency in Vietnam has been released following the issuance of prime ministerial Decision 315/QD-TTg.
Southeast Asia - Mon, February 24, 2025 | 9:48 pm GMT+7
Vietnamese goods gains competitive edge in Dutch market
Vietnam's exports will continue to enjoy a strong competitive advantage in the Dutch market due to tariff reductions under the EU-Vietnam Free Trade Agreement (EVFTA), according to the Vietnam Trade Office in the Netherlands.
Southeast Asia - Mon, February 24, 2025 | 9:38 pm GMT+7
Thailand to boost medical economy
Smart investment in the medical and wellness industry will generate a substantial proportion of the national income this year, said Thai Public Health Minister Somsak Thepsutin.
Southeast Asia - Mon, February 24, 2025 | 9:35 pm GMT+7
Singapore places high-stake bet on semiconductor industry
Singapore is doubling down on the industry that sparked the global trade war, according to Bloomberg.
Southeast Asia - Mon, February 24, 2025 | 9:32 pm GMT+7
Central Vietnam city auctions 'golden' land related to convicted real estate tycoon
A prime land plot located at the center of Danang city, which was previously linked to the case of real estate tycoon Phan Van Anh Vu (also known as Vu 'Nhom'), is being auctioned with a starting price of VND59.2 million ($2,319) per square meter.
Real Estate - Mon, February 24, 2025 | 8:00 pm GMT+7
De Heus, Vietnam partners start 3 agricultural projects worth $24 mln
Dutch agribusiness De Heus and its Vietnamese partners kicked off the construction of three agricultural projects worth VND620 billion ($24.3 million) in the southern province of Tay Ninh on Monday.
Companies - Mon, February 24, 2025 | 4:58 pm GMT+7
Northern Vietnam province urges Huawei to invest in semiconductors, training
Bac Ninh, the biggest recipient of registered foreign direct investment (FDI) in Vietnam in 2024, has urged Chinese giant Huawei to invest in the province, especially in semiconductors and workforce training.
Companies - Mon, February 24, 2025 | 4:55 pm GMT+7
Vietnam's PV Gas Pipe inks comprehensive cooperation deal with S Korea's Nexteel
PV Gas Pipe, a member company of PV Gas, signed a memorandum of agreement (MoA) with South Korean steel pipe manufacturer Nexteel Co., Ltd., in Ho Chi Minh City last week.
Companies - Mon, February 24, 2025 | 2:58 pm GMT+7
Vietnamese firms should prioritize product differentiation over price-based competition: RMIT experts
Vietnamese businesses should prioritize digital transformation over price-based competition, and strengthening online presence and adapting to the evolving e-commerce environment are essential, write Dr Scott McDonald, a lecturer, and Dr Nguyen Manh Hung, a senior program manager, at RMIT Vietnam.
Consulting - Mon, February 24, 2025 | 1:11 pm GMT+7
