Vietnam’s demand for investment in environment remains huge
Vietnam needs more preferential policies to attract foreign investors in the environment as the country’s demand for investment in the field is huge, but the capacity of domestic businesses remains limited, heard a seminar in Ho Chi Minh City on May 9.
A waste treatment system in Ho Chi Minh City (Source: VNA)
HCM City (VNA) – Vietnam needs more preferential policies to attractforeign investors in the environment as the country’s demand for investment inthe field is huge, but the capacity of domestic businesses remains limited,heard a seminar in Ho Chi Minh City on May 9.
Nguyen Viet Thang, deputy head of theVietnam Environment Administration’s Department of Science Technology andInternational Cooperation, said that Vietnam needs 93 trillion VND (4.07billion USD) to produce environmental equipment by 2020, and the figure willrise to 222 trillion VND (9.7 billion USD) by 2030.
Among 357 Vietnamese firms operating in thisfield, 22 percent want to invest in environmentally friendly technology.
However, the environmental industry has met onlyabout 3 percent of demand for urban waste water treatment, 15 percent of demandfor solid waste treatment and 14 percent for hazardous waste, Thang noted.
Director of the Republic of Korea’s BusanEnvironmental Corporation Seo Hye Sook said the corporation will help Koreanenterprises if they want to invest in Vietnam in the environment.
She also invited Vietnamese businesses toattend an exhibition on environmental technologies to be held in Busan inSeptember to seek investment cooperation.
According to the Ministry of NaturalResources and Environment, the Vietnamese Government has issued manypreferential policies to boost the production of environmentally-friendlyproducts, and the application of environmentally-friendly technologies intransport infrastructure, energy, waste treatment and agriculture.
Vietnam also increased administrative finesto up to 2 billion VND (87,700 USD) per violation act to force enterprises toshift to environmentally-friendly production.
Specifically, investors in the field canenjoy preferential policies on tariff on import of equipment and productiontechnology, and reduction or exemption of corporation tax.-VNA
Politburo member Pham Minh Chinh, President of the Vietnam-Japan Friendship Parliamentarians’ Group, hosted a reception in Hanoi on May 4 for Japanese Deputy Minister of Environment Arata Takebe, who is also Deputy Secretary-General of the Japan-Vietnam Parliamentary Friendship Alliance.
Domestic and foreign scientists along with over 600 students from universities in Hanoi gathered in Hanoi on May 8 for a dialogue on climate change adaptation.
Vietnam has set coping with this weather change a pressing task. A dialogue was held in Hanoi on May 8 where the youths learnt how to deal with impacts of climate change.
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.
A waste treatment system in Ho Chi Minh City (Source: VNA) 
