fizzy drinks excise tax threat falls flat

Fizzy drinks excise tax threat falls flat

The American Chamber of Commerce and Vietnam Chamber of Commerce & Industry recently organised a forum on Vietnam’s food and beverage industry to canvas opinion on the Ministry of Finance’s recent draft amendment to the Excise Tax Law, adding non-alcoholic carbonated drinks to the list of products subject to an excise tax rate of 10 per cent. The ministry claimed that the tax would substantially increase governmental revenue. However, many industry players have opposed the positive spin put on the proposal.
se asia forum explores green growth funding

SE Asia forum explores green growth funding

Policy-makers and climate change experts from Southeast Asia have discussed ways of financing low-carbon green growth in the region at a workshop held yesterday in Ha Noi.
nation has potential for green development

Nation has potential for green development

Vietnam has adopted a national strategy on green development and this is a huge opportunity for cities to combine low-carbon development with economic growth, said Deborah Day, director of Planning and Development of Victoria City in Canada’s British Columbia.
investors sow the seeds for carbon credits

Investors sow the seeds for carbon credits

Vietnam may yet prove to be perfectly placed to help satisfy the world’s growing demand for green development.
bayer harnesses green house gas for production

Bayer harnesses green house gas for production

Bayer MaterialScience, a subsidiary of Bayer AG – one of the world’s largest polymer companies – is aiming to commercialise the use of carbon dioxide as a new raw material for plastics following a successful test phase.
australia to scrap carbon tax for trading scheme

Australia to scrap carbon tax for trading scheme

Key greenhouse gas emitter Australia on Sunday announced it will scrap its carbon tax in favour of an emissions trading scheme that puts a limit on pollution from 2014, a year earlier than planned.
energy saving pathway is illuminated

Energy saving pathway is illuminated

A nationwide public lighting project has revealed that a society which consumes less energy and has a lower carbon imprint is viable once far-reaching initiatives are put in place. VIR’s Thanh Tung reports.
da nang enters top 20 low carbon cities

Da Nang enters Top 20 low-carbon cities

The central city of Da Nang has been named as one of the world's 20 low-carbon cities at a recent Asia-Pacific Economic Cooperation (APEC) meeting on energy in Washington DC, USA.
eu puts airline carbon tax on hold for a year

EU puts airline carbon tax on hold for a year

adb enhances climate agriculture and aid effectiveness

ADB enhances climate agriculture and aid effectiveness

The Asian Development Bank (ADB) and Vietnam’s government on March 7th signed two loan agreements totaling $111.88 million to help Vietnam enhance low carbon agriculture development.
major lg products receive carbonfree certification

Major LG products receive CarbonFree® certification

LG Electronics (LG) announced that it has been awarded CarbonFree® certification for six of its products, validating the consumer electronics and home appliance company’s strategy of reducing its carbon footprint.
tax red tape holds firms back

Tax red tape holds firms back

Many enterprises have fingered tax and customs entanglements as causing business hurdles. Tran Ngoc Hung, chief of R.K Marble Vietnam’s Administrative and Human Resource Department, said that his company was being hurt by investment incentives and export tax for calcium carbonate powder.
diageo seen as best performing beverage company in the world

Diageo seen as best performing beverage company in the world

Diageo, the world’s leading premium drinks business, has been recognised by the Carbon Disclosure Project (CDP) as the best performing beverage company in the world for climate change strategy, emissions disclosure and performance.
us allies renew opposition to eu airline tax

US, allies renew opposition to EU airline tax

The United States and 16 other nations Wednesday renewed their "strong opposition" to a controversial EU carbon tax on airlines, vowing to work for a multilateral global solution.
eu push for car co2 cuts faces industry green flak

EU push for car CO2 cuts faces industry, green flak

pushed Wednesday for cuts in automobile but environmentalists said the plans did not go far enough while car makers warned that it would hurt the industry.