Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY LAUNCHES RENEWABLE ENERGY USE COMPETITION RENTED HOUSES
An annual award aimed at encouraging rental house owners to use rooftop solar power has been launched by Ho Chi Minh City. The “Rental houses using green energy” award will grant 280 prizes each worth 10 million VND (430 USD) every year.
This is part of efforts being made to promote economical, efficient and sustainable use of energy by resident households.
The City Power Corporation (EVNHCMC), which has launched the award, will help the owners of rental houses upgrade their existing power system and promote the development of renewable energy.
The award duration will run from December to November (next year).
A total amount of 14 billion VND (601,760 USD) is expected to be awarded to the winners in the 2021-25 period.
To participate, the owners must register with the EVNHCMC for using renewable energy system such as rooftop solar power and charge tenants a reasonable price for monthly electricity bills.
The houses' lighting system must have more than 50 percent of LED lights, which use 50-60 percent less electricity than other lights.
They should also ensure environmental sanitation, with no littering and indiscriminate discharging of untreated wastewater, and maintain other good practices of a cultured, civilized urban lifestyle, the organiser said.
The EVNHCMC’s energy-saving programmes have achieved significant success to date.
Last year, the city saved 583.9 million kilowatt-hours (kWh) of electricity, contributing a reduction of nearly 440,000 tonnes of CO2 emissions, according to the EVNHCMC.
In the first four months of this year, the energy-saving programs have saved more than 179 million kWh of electricity.
Source: VIR
Related News
ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS
Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.