Connect with us
CGIF-10th-Year-Anniversary

Vietnam

Vietnam GDP may contract 0.6 percent annually due to disasters, pollution

Avatar

Published

on

Vietnam’s gross domestic product (GDP) may shrink by about 0.6 percent per year between 2016 and 2020 due to natural disasters and environmental pollution, an official has warned at an international symposium in Hanoi on November 18. 

GDP may contract 0.6 percent annually due to disasters, pollution, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The event was held by the National Centre for Socio-economic Information and Forecast under the Ministry of Planning and Investment. It was a forum for domestic and foreign scientists and officials to look into the prospects of and environmental impacts on Vietnam’s economy in the mid-term.

Dang Duc Anh, head of the analysis and forecast board at the ministry, said climate change and environmental pollution affect all regions and aspects. Among them, water resources, agriculture and rural development, health care and coastal areas are the most susceptible.

Vietnam ranks 23rd among 193 countries in the Climate Change Vulnerability Index released by Maplecroft, a global risk and strategic consulting firm based in the UK. It is one of the 30 countries rated as “extreme risk” in the list.

Although Vietnam has not caused serious impacts on the global warming, it is among the 25 low and middle-income countries that release most greenhouse gases every year.

Increasingly popular environmental pollution, as an unexpected adverse effect of economic growth, has severely influenced Vietnam’s development in the mid and long terms. Particularly, water, air and land pollution in cities, big residential areas and craft villages has been on the rise, participants noted.

Dang Duc Anh said Vietnam needs appropriate policies to adapt to and mitigate climate change impacts and protect the environment so as to ensure sustainable development. Industries that rely on the exploitation of natural resources, especially non-renewable ones, or have low economic benefits should also be curbed.

He suggested clean energy like natural gas, biofuel, new and renewable energy be encouraged, while businesses release air pollutants within granted quota.

Legal regulations on environmental protection must be overhauled with punishments strong enough to deter violations. Waste release must be monitored, and the State should spend more money from its budget on environmental protection, he added.

Meanwhile, Dang Kim Khoi, Director of the Centre for Agriculture Policy at the Ministry of Agriculture and Rural Development, asked for effective channels to popularise early warning information, and those information must be detailed and understandable to all people. When a natural disaster happens, direct and technical assistance from the Government is also necessary for encouraging people to respond to that incident.-VNA

Source link

Comments

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)
Continue Reading

Trade

Why Vietnam Has Become a Promising Alternative for US Businesses in Asia

Vietnam Briefing discusses trends in the Vietnam-US relationship, growing economic ties, and how US businesses can leverage and benefit from moving their production to Vietnam.

Avatar

Published

on

Following four decades since the end of the Vietnam War, Vietnam’s relationship with the US has changed significantly.

(more…)
Continue Reading

Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Avatar

Published

on

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,520 other subscribers

Trending