Illustrative image (Photo: VNA)– Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.According to the firm, the electrification sector has been greatly impacted by the growth of renewable energy sources. Meanwhile, liquefied natural gas (LNG) power projects under construction must develop a plan for conversion to hydrogen fuel.Gasoline demand in Vietnam is forecast to continue to increase and peak in 2030-2035, while the diesel oil (DO) market is likely to be affected more slowly, and the DO supply shortage is forecast to continue until 2035.According to Binh Son Refining and Petrochemical Joint Stock Company (BSR), in the short term, energy transition has not had a clear impact on the demand for petroleum products in Vietnam. However, in the long term, it is happening globally, leading to a decrease in the demand for petroleum products.This is a challenge for refineries to enhance the quality of their products and reduce the ratio of traditional fuels in their products and promote the development of environmentally-friendly products.Regarding oil and gas exploration and production, oil production peaked in 2005 and is on the verge of a sharp decline. Meanwhile, even with the scenario of net zero emissions by 2050, oil is still used for non-energy purposes and in sectors that are difficult to replace fuel such as the aviation industry and sea transport. In particular, gas production is forecast to increase rapidly, but low-cost gas sources are harder to find, while new gas sources are expensive and have to compete with LNG.As of the end of June, about 40 countries had released strategies and roadmaps on hydrogen, including leading countries in greenhouse gas emissions such as China, the US, India, Russia, and Japan.

Industry Minister Agus Gumiwang Kartasasmita. (Photo: ANTARA/VNAJakarta (VNA) – Indonesia’s textile and garment industry will expand its markets to meet the export target of 13-14 billion USD this year, according to the country’s Industry Minister Agus Gumiwang Kartasasmita. On the commodity side, the principle of sustainability is also being encouraged through the use of environmentally friendly raw materials and the application of the circular economy principle, the official added. "The existence of Making Indonesia 4.0 will encourage the transformation of the textile industry to make it more competitive and innovate in an effort to compete and answer global market demands," the minister was quoted by Antara news agency as saying. It is also carrying out a machine and equipment restructuring programme in the fabric refinement and fabric printing industries.

Rome (VNA) – The Association of Vietnamese in Malta has freshly been set up, representing the community of about 400 people. Chairman Nguyen Hoai Nam and Secretary Nguyen Thi Nhan said the association aims to promote mutual support within the growing community. Addressing the ceremony, Vietnamese Ambassador to Italy and Malta Duong Hai Hung stated the Party and State always pay attention to the affairs of overseas Vietnamese, with policies targeting the group increasingly improved. Hung said the association will connect the group with their home country and help develop further the sound friendship and cooperation between Vietnam and Malta. The number of Vietnamese in Malta is increasing, as the European country boasts potential for investment, employment and learning./.

Most recently, dozens of business households signed a commitment to use environmentally-friendly products rather than plastic products. As part of efforts to minimise the impact of tourism on the island, local authorities have limited the number of daily arrivals to 3,000. They have also worked closely with travel companies to develop eco-tourism products and promote the “Cham Island says no to plastic waste by 2025” project. A “Zero waste” tour is to be piloted shortly, offering visitors a kaleidoscope of experiences in local culture and waste treatment processes. The two-day, one-night tour is expected to raise awareness about environmental protection on Cham Island.

Vietnam’s first tank crew compete at the Army Games 2022 in Russia on August 13. (Photo: VNA)– Crew No.1 of the Vietnamese tank team competed in the qualifying round in Group 1 of the “ Tank biathlon ” event in the framework of the Army Games 2022 in Russia on August 13.This year’s “Tank biathlon” event attracts the participation of 61 crews of 21 teams, divided into two groups. Meanwhile, those in Group 2 should only join a round-robin format for the next.The Vietnamese tank crew completed their task, destroying four targets out of five and finishing the race after 34 minutes 53 seconds. Meanwhile, crews from the Kazakhstan and Uzbekistan destroyed all five targets and finished the race after 25 minutes 57 seconds, and 25 minutes and 18 seconds, respectively. 2 and 3 of the Vietnamese tank team will compete on August 16 and 20./.

An underage smoker at a park in Jakarta, Indonesia (Photo: AFP/VNA)– The Indonesian Government is planning to tighten its relatively lax regulations on smoking in a bid to curb the increasing number of child smokers in the country.Under a planned new regulation, the Health Ministry of Indonesia is looking to control the promotion and packaging of e-cigarettes, which have remained unregulated since their legalisation in 2018.The ministry is also seeking to increase the size of graphic health warnings on tobacco packaging from 40% to 90%, ban the advertising, sponsorship and promotion of tobacco products, and prohibit the sale of single cigarettes.The number of underage smokers continues to increase each year, especially since the legalisation of e-cigarettes, Imran Agus Nurali, the ministry’s director of health promotion and community empowerment, told a webinar on August 11.He stressed the need for stronger measures to reduce tobacco consumption to protect future generations from the impact of smoking.Banning the advertising, sponsorship and promotion of tobacco products is also crucial as according to the 2019 Global Youth Tobacco Survey, around 65% of Indonesia’s children are exposed to tobacco ads through television, point-of-sale advertising, and billboards, he added. Indonesia is the only country in Southeast Asia that still allows cigarette advertising on television and printed media.Aside from revising the prevailing tobacco regulation, the government is also planning to further increase the cigarette excise tax next year.Earlier this year, the Finance Ministry raised tobacco excise by 12%, leading to an average 35% increase in cigarette prices.According to the Health Ministry, tobacco kills around 290,000 people in the country each year./.

Illustration. (Photo: doanhnghiephoinhap.vn)Foreign investors net purchased 14.8 million stocks, worth some 80 billion VND (3,42 million USD) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) has risen for the fifth week straight on the back of oil, steel and electricity securities , after hitting a bottom of around 1,140 points in early July.It ended the week at 1,262.33 points, 9.59 points higher than the previous week, gradually approaching the next resistance zone of 1260–1285 points.On the Hanoi Stock Exchange (HNX), the HNX-Index picked up 3.52 points to settle at 303.42 points on August 12. UPCoM-Index also inched up 1.52 points to 92.84 points./.

In an effort to get people to shift from private to public transport, river buses are clearly a good solution. Vietnam will be the host country of Group F in qualification for the 2023 Asian Football Confederation (AFC) U17 Asian Cup. UN ready to support Vietnam in responding to new challenges: CoordinatorThrough the Strategic Framework for Sustainable Development Cooperation (CF) between the Government of Vietnam and all UN resident and non-resident agencies in Vietnam, the UN hopes to show that it is ready and poised to serve the ever changing needs of the Vietnamese Government, UN Resident Coordinator in Vietnam Pauline Tamesis told Vietnam News Agency. 4 of Vietnam, the patient took treatment at a level-1 hospital of Mongolia, but his condition did not improve. He pledged to actively organise activities to strengthen the friendship with Vietnam, especially those to celebrate the 33th anniversary of the diplomatic relations between Vietnam and Venezuela and the 15th anniversary of bilateral comprehensive partnership.

Digital transformation will be promoted in building new-style rural areas, towards smart rural development, for the 2021 – 2025 period (Photo: Ministry of Agriculture and Rural Development)Hanoi, (VNA) – The Government has approved a national programme on digital transformation in building new-style rural areas, towards smart rural development, for the 2021 – 2025 period. Each and every centrally-run city and province should have at least one trial smart rural commune model in the field which it holds advantages of, for example economy, rural tourism, environment, and culture. It also plans to promote digital economy in an effort to better develop the rural economy. Each and every centrally-run city and province should have at least one trial smart rural commune model in the field which it holds advantages of, for example economy, rural tourism, environment, and culture. The models will serve as reference for the development of a new set of criteria for new-style rural building for the 2026 – 2030 period./.

So if we're we don't have that knowledge, we don't have that aspiration, to innovate, we will probably be overrun by many of these development challenges. "And then third is the engagement with the government in reaching out to the people in consultations, in partnering with many communities to be able to deliver development and I know this is happening, particularly very strongly at the provincial level. However, there are many crises that are affecting not only Vietnam, but also the world. So a lot of the resources that would have gone to the Sustainable Development Goals are now a little bit channeled to the more urgent emergencies.“The trick then is to make sure that these urgent emergencies the urgent crisis, and the response to this crisis, allows us to build the systems required for SDGs to be accelerated. And so this is where why I said the crisis is an opportunity to build better and transform the systems so that we can ensure that no one is left behind in the development of the country,” she stated./.

After planting soybeans for a long period of time, Mr. Dang Quang Chieu in Cu Jut district, Dak Nong province, has only seen real profits in the past three years. This is attributed to the Vinasoy Soybean Research and Application Centre’s active research, selection, and testing of a non-GMO soybean variety from more than 1,530 precious genetic resources, which it provides to local farmers. The area for soybean growing in Vietnam has continually declined since 2010, from nearly 198,000 hectares to just over 37,000 hectares. The active creation of high-quality soybean varieties will help businesses develop high-quality and stable raw material areas for agricultural processing. Resolving this issue cannot be done overnight, but with the cooperation of farmers and businesses, Vietnam is expected to soon ease its dependence on material imports./.

Although their time in Vietnam is coming to an end, the two Bulgarians have so many unforgettable memories. Home to a diverse culture, cordial citizens, and a quality education environment, Vietnam has emerged as a favourite destination for students across the globe. Foreign students in Vietnam used to mostly come from neighbouring countries. Some 20,000 foreign students are now studying in Vietnam, primarily in graduate and post-graduate studies. Vietnam has earned the love of many international friends, and is likely to welcome more young foreign students in the time to come./.

DNSE VIETNAM OPEN 2022 to run from September 13-16The DNSE Vietnam Open 2022, the only tournament in the Vietnam Professional Golf Tournament System (VGA Tour Open) for international golfers outside of Việt Nam, will take place from September 13-16, 2022 in Hà Nội, according to organisers. The model was conducted at villages in and around Cuc Phuong National Park, the first national park of Vietnam. Vietnam a new destination for foreign studentsMany foreign students have chosen to study in Vietnam and their number is on the rise. Although their time in Vietnam is coming to an end, the two Bulgarians have so many unforgettable memories. Vietnam has earned the love of many international friends, and is likely to welcome more young foreign students in the time to come.

Illustrative image (Source: VNA)Hanoi (VNA) – Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts. With global supply chain adjustments, Vietnam boasts the advantages needed to tap into opportunities from the supply chain shift. Due to supply chain disruptions and severe delivery delays for key components in the global electronics industry during the pandemic outbreak, electronics companies are increasingly diversifying supply chains to Southeast Asia. Mick Aw, senior adviser at Moore Stephens, said that Southeast Asian countries are increasingly playing a more important role in the global supply chain as businesses move away from China after the pandemic. For Vietnam, the Central Institute for Economic Management (CIEM) gave two scenarios for economic growth in 2022.

Business Qualified banks expect higher credit growth quota in next few months Some qualified commercial banks are forecast to get higher credit growth quotas from the State Bank of Việt Nam (SBV) in the next few months. Business Bamboo Airways successfully holds Extraordinary General Meeting of Shareholders 2022 Bamboo Airways Joint Stock Company on August 13 successfully held an Extraordinary General Meeting of Shareholders (EGMS) with the additional election of Le Ba Nguyen, Nguyen Manh Quan, and Doan Huu Doan as members of the Board of Management (BOM) in place of resigned members. Business Real estate market is gaining balance: ministry The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land, according to the report of the Ministry of Construction. Business Vietnam, Laos enjoy 24.2% rise in two-way trade in 7 months Trade between Vietnam and Laos rose 24.2% in the first seven months of this year to nearly 949 million USD, with Vietnam's export value of nearly 586 million USD, reported the Vietnam Trade Office in Laos.