Vietnam needs $21 million to reduce greenhouse gas emissions

VietNamNet Bridge - Vietnam will need $21 billion to reduce greenhouse gas emissions from now to 2030. This amount of money is beyond domestic resources.

200 performers to compete in Vietnam-Laos-Cambodia circus contest

 More than 200 performers, aged 27 and less, will compete in the Vietnam-Laos-Cambodia Young Circus Talent Contest held at the Vietnam Circus and Vaudeville School in Hanoi this year.

The power of technology

VietNamNet Bridge - When technologies change, policies must change, as in the case of GrabTaxi, many Vietnamese policy makers have said. 

Vietnam golf event to offer $1.5 million worth of prizes

 The Ho Tram Open event for professional golfers, slated for December 3-6 in the southern province of Ba Ria- Vung Tau, will offer $1.5 million worth of prizes, making it Vietnam’s richest golf showpiece.

RoK parliament ratifies free trade deal with Vietnam

 The National Assembly of the Republic of Korea (RoK) ratified the country’s free trade agreement (FTA) with Vietnam on November 30.

Vietnam banking system outlook stable: Moody's

 The outlook for the Vietnamese banking system is stable, driven by the country's good economic growth and stabilising asset quality and good liquidity, according to a Moody's report released early this week.

Vietnam chooses to be co-founder of new global trade rules

 Vietnam has chosen to become a founding member of a new global set of trade rules by joining in the Trans-Pacific Partnership (TPP) agreement, Japanese Minister of State for Economic and Fiscal Policy Akira Amari said.

Five Vietnamese enterprises make it on to Nikkei Asia300

 FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.

Vietnam’s economy forecast to enter new recovery cycle in 2016

 Vietnam’s economy will escape from recession and start a new recovery cycle, according to the National Centre for Socio-Economic Information and Forecast (NCIF).

Vietnam’s coffee industry loses global market share

 The global market share of Vietnamese coffee has shrunk from 22 percent in 2014 to 18 percent this year even though the country is still the world’s second biggest coffee exporter.

WB reports Vietnam’s economic recovery

 Vietnam’s GDP growth is likely to reach 6.5 percent this year as the country’s economy has weathered the recent turbulence in the external environment fairly well, said the World Bank (WB)’s latest report released on December 2.

Building of Mekong natural history museum promoted

 Leading scientists from the US and countries in the Mekong River basin met at a workshop in the Mekong Delta city of Can Tho on November 30 to discuss measures to quicken the building of a Mekong Delta Museum of Natural History.

Vietnam to donate $1 mln to Green Climate Fund: PM

Prime Minister Nguyen Tan Dung announced that Vietnam will contribute $1 million to the Green Climate Fund from 2016-2020 during his speech at the 21st Conference of the Parties.

Climbing Ba Den Mountain summit

 VietNamNet Bridge – Ba Den Mountain is 986 meters above sea level, the highest in the nation’s southeastern region.

Over 1 mln cu.m of industrial wastewater dumped everyday in Vietnam

 Industrial parks nationwide discharge more than a million cubic metres of wastewater each day, 75 percent of which is untreated and harmful, according to a workshop held in Hanoi on December 1.

Government News in Brief

 Brazilian President cancels official visit to Vietnam, State President greets DPRK prosecutor, Congratulations on Vietnam-Cuba ties’ 55th founding anniversary, Vietnamese delegation visit Laos’ former leaders

Vietnam’s contributions to ASEAN Community

 Vietnam has greatly contributed to the successes of the Association of Southeast Asian Nations (ASEAN) since it joined the 10-nation group two decades ago, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.

Burkina Faso recognises Vietnam’s market economy status

 Burkina Faso has officially recognised Vietnam’s market economy status in a diplomatic note of its Ministry of Foreign Affairs on November 23.

Vietnamese, Belgian PMs agree on initiatives for stronger ties

 Prime Minister Nguyen Tan Dung and his Belgian counterpart Charles Michel agreed on ways to strengthen bilateral ties across politics, economics, culture, education-training, and science-technology during their talks in Brussels on December 2.

Opposition mounts to genetic modification of human embryos

 A group of U.S. scientists and activists on Monday called for a global ban on the use of new tools to edit the genes of human embryos,

Lowest inflation rate of 14 years raises concern about deflation

VietNamNet Bridge - Economists believe that the low inflation rate is a concern for Vietnam, which has been affected by high inflation for many years.

Risks to address

 Green credit is making very slow progress in Vietnam despite being a path towards sustainable economic development.

Da Lat City to bloom anew at flower festival

 VietNamNet Bridge – The central highland city of Da Lat will host the biennial flower festival – a tourism trademark of the city – from December 29 to January 2.

U23 Vietnam to face Cerezo Osaka in friendly match

Vietnam National U23 team will play a friendly match with Japan-based Cerezo Osaka Football Club at the Hang Day stadium on December 17, the information was released by the Vietnam Football Federation.

Former Construction Bank officials to be prosecuted

 VietNamNet Bridge – The Investigation Police Agency of the Ministry of Public Security has suggested prosecuting 36 former officials at the Vietnam Construction Bank (VNCB).