Hanoi (VNA) – The Prime Minister approved the portfolio f♉or the World Bank-funded project “Vietnam energy efficiency for indu🅘strial enterprises” (VEEIE).
VEEIE aims to improve energy efficiency in the industrial sector, and contribute to achieving the government’s energy efficiency and greenhouse gas reduction objectives.
It plans to save about 1.86 million tonnes of oil equivalent (TOE) and reduce 9.67 million tonnes of CO2 emmision annually, benefiting around 50 industrial enterprises. Some 60 sub-projects on energy efficiency will be developed, while a national database on industrial energy efficiency will be established.
The project will be implemented by the Ministry of Industry and Trade from 2016-2020 at an estimated cost of 314 million USD, including 201.7 million USD in loans from the World Bank.
The Prime Minister has also made amendments to Decision No.1576/QD-TTg dated September 11, 2015 for a project on investment in power transmission line No.3.
Accordingly, the project will be implemented from 2015 to mid-2020, instead of three years as in the initial plan.
Additionally, there will be a decrease of 7.38 million USD in the project budget, due to the reduction in Asian Development Bank (ADB) loans from 238.69 million USD to 231.31 million USD.
The project intends to expand and develop power transmission systems across the nation and ease pressure on the national grid.-VNA
Deputy Prime Minister Hoang Trung Hai has recently agreed to extend the deadline of the project on low carbon transition in energy efficiency sector (LCEE) in Vietnam to the end of June 2017.
Vietnam is making all-out efforts to build a low-carbon economy towards green growth in order to realise the United Nations Framework Convention on Climate Change.
The development of renewable energy in Vietnam is hindered by inadequate mechanisms, limited technologies and a lack of funding, participants at a workshop in Ho Chi Minh City on March 2 said.
Floodwater levels in the Cuu Long (Mekong) Delta are high and will continue to rise this month, especially in upstream areas, according to the hydraulic works management and construction department of the Ministry of Agriculture and Environment.
Conservation efforts to restore habitat and boost the population of red-crowned cranes in Tram Chim National Park are finally showing progress, with the cranes and many other rare wild birds coming back to the park.
Torrential rains from the night of July 31 to early August 1 triggered flash floods and landslides across several communes in Dien Bien province, leaving at least two people dead and eight others missing.
Transitioning to a circular economy not only offers a sustainable development path for Ho Chi Minh City but also serves as a pivotal step toward establishing a fully green economy.
An exhibition featuring 100 green, recycled, and circular economy models and products from 50 businesses and educational establishments took place in Ho Chi Minh City on July 31, as part of the local green transition forum and recycle day 2025.
Regional solidarity and cooperation are the key factor for the effective implementation of wildlife protection regulations. Only through sustainable cooperation, innovative approaches, and collective action can biodiversity be safeguarded for the present and future generations, an Vietnamese official has said.
Hanoi has approved a comprehensive plan to restore the environmental quality and develop four major urban rivers – the To Lich, Kim Nguu, Lu, and Set reverine environments.
The Javan pangolin is listed in Vietnam’s Red Book as critically endangered and is protected under Group IB – a category reserved for forest species facing an extremely high risk of extinction and requiring strict conservation measures.
As a key member of the core group of 18 countries, initiated by Vanuatu, Vietnam engaged in advocating for the UN General Assembly’s Resolution N.77/276, requesting for the ICJ’s advisory opinion. Following the resolution's adoption, Vietnam fully participated in all procedural steps for the first time, from submitting written proposals to presenting directly at the court’s hearings.
The wild elephant population in Da Nang includes a full developed herb of mature males, females, and calves. To date, the herd has grown to nine individuals.
Conservation efforts here have become a model, helping to save millions of turtle hatchlings and promoting Con Dao as a member of the Indian Ocean-Southeast Asia Turtle Site Network.
As part of its drive to fulfil its net zero emissions commitment by 2050, Vietnam is fast-tracking the development of a legal corridor to launch a pilot carbon market by the end of 2025, according to the Department of Climate Change.
Under the plan, from 2025 to 2026, the city will complete mechanisms and policies to support businesses in switching to green vehicles, expand the electric and green-energy bus network, and build charging stations. The targeted proportion of green buses is set at 10% in 2025 and 20–23% in 2026.
Storm Comay, the fourth in the East Sea this year, was at around 16.7 degrees North and 118.3 degrees East, in the east of the East Sea's northern waters as of 4am on July 24.
The disaster risk warning level for flash floods, landslides, and ground subsidence due to heavy rains and flows is rated at level 1, except in Nghe An, where it is raised to level 2.
Illustrative image (Source: VNA)
