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Revamping net zero emission roadmap

Starting on January 1, 2024, Vietnam has embarked on a transformative journey by holding producers and importers accountable for recycling practices. In a pioneering move, the nation has also unveiled its strategy for developing hydrogen energy and venturing into the export of renewable energy to international markets. As the world welcomed the dawn of 2024, it found itself engaged in a profound recalibration of the net zero emission roadmap for 2050. The 28th Conference of the Parties (COP 28) to the UN Framework Convention on Climate Change delivered a resounding message that achieving net zero emissions by 2050, as stipulated in the 2015 Paris Agreement, would require substantial and comprehensive adjustments. The primary objective of the Paris Agreement in 2015 was to curtail global warming to within +2°C above pre-industrial levels, with an even more ambitious target of limiting it to +1.5°C. Such measures were deemed necessary to mitigate the potentially catastrophic consequences of climate change. Today, it appears that these dire consequences are becoming increasingly evident. With a staggering 50,000 to 70,000 delegates representing 198 nations, the COP 28 conference held in Dubai, United Arab Emirates, from November 30 to December 12, 2023, was extended to December 13 due […]
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Opportunities in uncertain times

With promising macroeconomic indicators, financial investors are poised for a rewarding 2024. Nevertheless, in a landscape riddled with potential uncertainties, crafting a robust investment...

Retailers grappling with price competition

As consumers grapple with economic hardships, retailers find themselves embroiled in an increasingly fierce price war. However, pricing pressures are just one aspect of...

Navigating global markets

In a dynamic landscape marked by fierce competition and ever-evolving consumer preferences, the food and beverage (F&B) sector faces significant challenges. To maintain a...

Functional food market chaos

The functional food market is developing well thanks to increasing demand of consumers. However, loopholes in management have paved the way for poor quality...

Surprises and expectations

After the unexpected credit growth in the final month of 2023, the State Bank of Vietnam (SBV) allocated all credit growth quotas for 2024...

Which sectors will thrive in 2024?

As Vietnam's stock market gears up for a promising year in 2024, underpinned by strengthening macroeconomic fundamentals and expansionary fiscal and monetary policies, investors...

Basel is not the solution

“Basel is the standard for enhancing capital adequacy for banks, but Basel does not guarantee that banks will not encounter risks. The effectiveness of...

Putting blood pressure under control

For those with high blood pressure, lifestyle plays an important role in helping lower high blood pressure. Controlling blood pressure with a healthy lifestyle...

A fresh perspective on gold

Gold hoarding has become popular as a long-term investment vehicle. Central banks worldwide have been diversifying their foreign reserves by consistently acquiring gold in...

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