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Vietnam Renewable Energy Week 2020 underway

The Vietnam Renewable Energy Week 2020 was launched in Hanoi on August 25 by the Vietnam Sustainable Energy Alliance, the Vietnam Climate Action Alliance, and the Vietnam Union of Science and Technology Associations.
Vietnam Renewable Energy Week 2020 underway ảnh 1At the event (Source: www.qdnd.vn)

Hanoi (VNA) -💫 The Vietnam Renewable Energy Week 2020 was launched in Hanoion August 25 by the Vietnam Sustainable Energy Alliance, the Vietnam ClimateAction Alliance, and the Vietnam Union of Science and Technology Associations.

Thisfifth holding, “Breakthrough to Recovery and Green Development for a Peaceful Life”,aims to put forward measures promoting sustainable energy development, ensuringenergy security, removing barriers, and bolstering green economy recovery andgrowth. Thefour-day event will also offer the chance for stakeholders to contribute to thecountry’s energy transition in an effective and sustainable manner. CecileLeroy from the Delegation to the European Union in Vietnam said the EU hassigned numerous cooperation agreements with Vietnamese ministries and sectorsin sustainable energy transition. Ithas also provided its Vietnamese partners with assistance in energy developmentpolicies and in raising capacity, awareness, and energy access among thepublic. TheEU stands ready to share knowledge in projects, finance, and the legalframework for green recovery and development, she said. Symposiumsare to be held, including those on rooftop solar energy development and energytransition via solar power solutions and agriculture, among others. Thecombined power capacity generated by operational renewable energy projectsnationwide has to date reached nearly 6,000 MW, of which 31,000 rooftop solarprojects generate about 700 MWp. Renewableenergy currently accounts for 10 percent of the national grid’s total capacityand Vietnam has emerged as a leader in the development of renewable energyresources in Southeast Asia./.
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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

♏ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🦩 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🍌 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

꧒ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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