Vietnam PM to attend COP28, visit Turkey

By Anh Minh
Sat, November 25, 2023 | 10:24 am GMT+7

Vietnamese Prime Minister Pham Minh Chinh, his spouse, and a high-ranking delegation will attend the 28th UN Climate Change Conference of the Parties (COP28) and pay an official visit to Turkey from November 29 to December 3.

The trip will be made at the invitation of the United Arab Emirates (UAE) government, the host of the COP28, and the Turkish government, the Ministry of Foreign Affairs said in an announcement late Friday.

Chinh and his entourage will also have several bilateral activities in the UAE.

Prime Minister Pham Minh Chinh and his spouse. Photo courtesy of the government's news portal.

Prime Minister Pham Minh Chinh and his spouse. Photo courtesy of the government's news portal.

COP28 priorities and Vietnam’s Net Zero commitment

COP28, which will take place in the UAE’s Dubai between November 30 and December 12, is expected to draw the participation of over 70,000 delegates, including heads of states and governments, world leaders from 197 nations, non-governmental organizations, businesses, private sector representatives, academics, and other stakeholders.

Some of COP28's priorities are to further reduce emissions; respond to climate change; secure climate financing; and perfect carbon trading mechanisms, among others, according to Vietnam’s foreign ministry.

As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake - a comprehensive evaluation of progress against climate goals.

The COP28 summit, scheduled for December 1-2, is expected to be joined by heads of states and governments. Its aim is to create a venue for participants to announce stronger commitments and actions for the implementation of the Paris Agreement, a legally binding international treaty on climate change, adopted at COP21 in 2015.

Chinh led a high-ranking Vietnamese delegation to attend COP26 in the UK in 2021, where he announced Vietnam’s commitment to bring its net emissions to zero by 2050.

Since then, the International Partners Group (IPG) signed a $15.5-billion Just Energy Transition Partnership (JETP), the third of its kind globally, with Vietnam in December 2022 to support the country to deliver on its ambitious Net Zero 2050 goal.

The Vietnamese government in May adopted the National Power Development Plan VIII for the 2021-2030 period, widely known as PDP8, after several delays to align with the COP26 commitments.

Vietnam-Turkey relations

Vietnam and Turkey established diplomatic relations in June 1978, setting up their respective embassies in 2003 and 1997. The two sides are working on establishing a Turkish consulate in Ho Chi Minh City.

Turkish is one of Vietnam’s leading trade partners in the Middle East and serves as a gateway for Vietnamese exports to the region and southern Europe. Bilateral trade topped $2 billion in 2022, with Vietnam exporting $1.6 billion worth of goods.

As of October, Turkey had 36 valid investments worth a combined $974.3 million in Vietnam, ranking 26th among 143 countries and territories investing in the latter. The biggest Turkish investment is a $250-million plant to produce detergents and toilet paper in the southern province of Binh Phuoc.

In August, the Vietur consortium led by IC Ictas under Turkey’s IC Holdings won a bid to build a passenger terminal worth VND35 trillion ($1.44 billion) for the colossal Long Thanh International Airport in Dong Nai province, next to HCMC.

Around 200 Vietnamese nationals live in Turkey. After Turkey was hit by an earthquake in February, Vietnam donated $100,000 and sent two rescue teams to help.

Comments (0)
  • Read More
StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.

Economy - Thu, March 27, 2025 | 9:29 am GMT+7

Fund inflows help stabilize Vietnam's stock market: analyst

Fund inflows help stabilize Vietnam's stock market: analyst

As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).

Finance - Thu, March 27, 2025 | 8:30 am GMT+7

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.

Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.

Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7

Indonesia, China cooperate in digital technology

Indonesia, China cooperate in digital technology

Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.

Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7

Indonesia decides to join BRICS New Development Bank

Indonesia decides to join BRICS New Development Bank

Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.

Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7

Major Vietnamese broker SHS to double charter capital

Major Vietnamese broker SHS to double charter capital

Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.

Companies - Wed, March 26, 2025 | 8:30 pm GMT+7

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.

Industries - Wed, March 26, 2025 | 5:18 pm GMT+7

Danish toymaker Lego to open $1.3 bln Vietnam plant next month

Danish toymaker Lego to open $1.3 bln Vietnam plant next month

Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.

Industries - Wed, March 26, 2025 | 4:18 pm GMT+7

Top Singaporean firms earn high incomes in Vietnam

Top Singaporean firms earn high incomes in Vietnam

Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.

Companies - Wed, March 26, 2025 | 3:45 pm GMT+7

Vietnam, Singapore ink significant deals in Hanoi

Vietnam, Singapore ink significant deals in Hanoi

Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.

Economy - Wed, March 26, 2025 | 2:51 pm GMT+7

Vietnam's major policies are reshaping economic development

Vietnam's major policies are reshaping economic development

Major policies are reshaping Vietnam's approach to economic development, which focuses on science, technology, and private enterprises, said a leader at the Vietnam Chamber of Commerce and Industry (VCCI).

Economy - Wed, March 26, 2025 | 12:11 pm GMT+7

PM okays over $10 bln urban area project in central Vietnam

PM okays over $10 bln urban area project in central Vietnam

The over VND260.3 trillion ($10.16 billion) Cam Lam New Urban Area project in the south-central province of Khanh Hoa has received in-principle approval from Prime Minister Pham Minh Chinh.

Real Estate - Wed, March 26, 2025 | 8:58 am GMT+7

S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO

S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO

South Korea’s KIM Fund has increased its stake in Hai Phong city-based Vietnam Petroleum Transport JSC (VIPCO, HoSE: VIP) to 2.73%, making it the latter’s second-largest shareholder.

Companies - Wed, March 26, 2025 | 8:30 am GMT+7

Vietnam, Singapore seek cooperation chances in semiconductor industry

Vietnam, Singapore seek cooperation chances in semiconductor industry

The Vietnam Trade Office in Singapore, in collaboration with the Singapore Semiconductor Industry Association (SSIA), organized a hybrid seminar on Monday to introduce Vietnam's potential, advantages, and development strategies for the semiconductor industry.

Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7

OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition

OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition

Vietnam can rise as a major international financial centre, both regionally and globally, with a strategic vision that highlights transparency, a skilled workforce, modern infrastructure, robust financial markets, and strong international branding, the Vietnam Intellectual Society in the UK and Ireland (VIS) told visiting Vietnamese Permanent Deputy Prime Minister Nguyen Hoa Binh in a recent meeting.

Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7