Business as usual scenario bau

Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 5

The Hanoitimes - Prime Minister Nguyen Xuan Phuc requested the group to strengthen cooperation with foreign partners, mostly Russians to tap potential for further development and ensure security for contractors as well. Vietnam Oil and Gas Group (Petrovietnam) is calling for investment in exploring and exploiting two newly-found gas fields. An offshore project by Petrovietnam. Photo: Petrovietnam The call was made at the meeting on January 11 with the participation of Prime Minister Nguyen Xuan Phuc. The gas fields, discovered in 2020, are Ken Bau-2X, located in Block 114, Song Hong (Red River) Basin, which is estimated to provide 9 trillion cubic feet in place with 400-500 million barrels (Mbbl) of associated condensates, and Block 16-1/15 is located in the western part of Cuu Long basin and 80 km southeast of Vung Tau City. Speaking at the event, the Government leader said Petrovietnam showed its efforts in overcoming difficulties and is good at both … [Read more...] about Petrovietnam calls for investment in its newly-found gas fields

Former Deputy Minister of Transport Lã Ngọc Khuê. Photo laodong.vn Former Deputy Minister of Transport Lã Ngọc Khuê spoke to Lao động (Labour) newspaper about the feasibility of options to develop a North-South high-speed railway in Việt Nam. The Ministry of Transport has submitted a pre-feasibility study for the North-South high-speed railway project to Prime Minister Nguyễn Xuân Phúc. According to the option proposed by the ministry, the railway would have a designed speed of up to 350km per hour and a practical speed of 320km per hour. The railway would be for carrying passengers only. What do you think about this? I don’t think this option is technically and economically feasible, plus it could pose risks to the North-South high-speed railway project. First of all, in terms of economics or investment efficiency, the transport ministry proposed the project with a total investment of about US$60 billion – a huge investment. The project will take a long time, which … [Read more...] about The North-South high-speed railway should be for both passengers and freight

As Vietnam is among the most threatened countries by climate change, the state and people take decisive action, photo Le Toan The government has promulgated Resolution No.06/NQ-CP on the Action Programme on continuing the implementation of Resolution No.24-NQ/TW by the 11th Party Central Committee on active response to climate change, improvement of natural resource management, and environmental protection. The action programme, to be implemented until 2025, lays a foundation for ministries, agencies, and localities to formulate and implement their own plans on responding to climate change while strengthening natural resource management and environmental protection. Under the programme, efforts are to be made to reduce greenhouse gas emissions by 7.3 per cent below the business-as-usual scenario by 2025, and achieve 5-7 per cent in energy conservation out of gross energy consumption. To this end, some key solutions are to be taken. Specifically, the government orders … [Read more...] about Government shows urgency in climate change battle

The intensity of COVID-19 has initially “cooled down” in many nations around the world after the vaccination campaign has been deployed on a large scale. However, in some EU member states the situation remains serious and the EU is struggling to overcome the third wave of the pandemic. Contrary to the trend of easing social distancing, Hungary, France and the Czech Republic are the European countries tending to tighten prevention and control measures as the number of infections has increased recently. Statistics show that, while most Western European countries have recorded a declining or stable number of cases, about 100-200 per one million people per day, the figure is at around 300 in France and more than 600 in the Czech Republic. French Health Minister Olivier Véran stated that in the next four to six weeks, France will maintain a nightly curfew and lockdown measures such as closing pubs, restaurants and museums, in a bid to protect the pandemic prevention and control efforts. … [Read more...] about A long-term challenge