Vietnam’s economic growth indicates a sluggish rate resulting from multiple difficulties and challenges. In the first quarter of this year, the economic growth rate was 3.32%, only 0.11% higher than that at the time of the Covid-19 outbreak. This cries a distressing signal while the Vietnamese economy is currently suffering from no shocks.
From 20-27 March 2023, World Bank has deputed a Technical Mission Team to expedite the Dynamic Cities Integrated Development Project in Ha Tinh, Thanh Hoa, Yen Bai and Hai Duong Provinces. The representative of Halcom Vietnam Joint Stock Company, a supervision consultant for environmental independent monitoring and resettlement for the Sub-project in Hai Duong City, also partook in the mission trip on 22 March 2023.
In “The implementation of policies and laws on energy development during the 2016 – 2021 period: Status quo and solutions”, the Conference organized by the Thematic Supervisory Delegation of the National Assembly Standing Committee, experts suggested that a comprehensive outlook is required when formulating an energy development policy. Instead of focusing on the investment cost and the selling price, we should consider the benefits of using advanced technologies as well.
Given the average quantity of surface water per capita per year only reaching 3,840 m3/person/year, lower than the target of 4,000 m3/person/year, Vietnam is currently classified as a country threatened with water shortage, according to the International Water Resources Association. Notably, according to the Ministry of Natural Resources and Environment, the quantity of surface water per capita in Vietnam will be only 2,830 m3/person/year by 2025, and without effective policies in the next 50 years, Vietnam will suffer from severe water shortage, even though it is a country bestowed with a dense river network, including ample surface and groundwater resources.
On February 11, 2023, the consultant team of Halcom Vietnam Joint Stock Company had held a meeting with the Department of Irrigation – Lao Ministry of Agriculture and Forestry, to finalize the second fieldwork of the contract “Independent social safeguard monitoring”, under the project “Sustainable Rural Infrastructure and Watershed Management Sector Project”, granted by ADB to Lao PDR.
Under strong commitment to the United Nations’ 2030 Agenda for Sustainable Development recently, Vietnam needs drastic investment in policies, resources and implementation roadmap to ensure clean water supply for people and control polluting wastewater.
If no FiT mechanism comes into effect and no roadmap for electricity price increase is formulated in 2023, renewable energy players are unable to determine financial indicators and subsequently, investment rates.
Vietnamese enterprises are facing with their inexperience in the carbon credit market without any clear source of information regarding Carbon Border Adjustment Mechanism, newly-updated technical concepts and issues.
On November 20-21, 2022, Horasis Asia Meeting took place in Kitakyushu, Japan. The event was co-hosted by Horasis – a global visions community, the City of Kitakyushu and Kitakyushu Asian Center for Low Carbon Society, gathering more than 300 senior leaders from investors, experts, and government officials in the region and around the world. Mr. Nguyen Quang Huan, Chairman of the Board of Directors of Halcom VN JSC, is the only co-chair from Vietnam.
After the inception of Nhon Hoi Economic Zone, Binh Dinh has attracted multiple domestic and foreign investors, with the potential of becoming a transit hub and economic trade center of the Greater Mekong Subregion and Asia Pacific region. The desire to expansion has made Binh Dinh a trading destination and a rendezvous of connection in line with the determination, strength and aura in the joint efforts of the vital economic zone in the Central region.
On October 17, 2022, responding to the peak month for the poor and the movement “The whole country joins hands for the poor – Leaving no one behind” launched by the Prime Minister, the representative of Halcom Vietnam JSC, Deputy General Director Le Huy Giang attended and donated 500 million VND to Fund for the Poor and Social Security of the Vietnam Fatherland Front Central Committee at Vietnam-Soviet Friendship Labor Culture Palace (Hanoi).
On the afternoon of September 26, within the framework of the 2022 Horasis India Meeting, the plenary session “Ensuring growth via sustainable development” took place under the hosting of Mr. Pranjal Sharma, the contributing editor of Business Standard, India. Speakers attending the plenary session were Mr. Nguyen Quang Huan, Chairman of the BOD of Halcom Vietnam; Mr. Vinod Sekhar, Chairman and Group CEO of Petra Group; Mr. Vishnu Narayan, Director of Ceyenar Chemicals; Mr. Claude Béglé, Chairman of SymbioSwiss.