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Việt Nam Wind Power 2021 event launched

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A wind farm in Việt Nam.— VNA/ Illustrative Photo

HÀ NỘI — Việt Nam Wind Power 2021, an annual event since 2018, was launched in Hà Nội on Wednesday.

The two-day event takes place on the sidelines of the Việt Nam Energy and Technology Forum organised by the State Agency for Technology Innovation.

The event was co-sponsored by the Norwegian Embassy and its Commercial Section – Innovation Norway, in collaboration with the Embassy of Denmark, Embassy of Germany, the German Agency for International Co-operation and the British Embassy.

The event, believed to be the largest event of the wind power industry in the country, provides an opportunity for participants to share, connect and discuss new opportunities for the renewable energy industry in Việt Nam.

It also brings together Việt Nam’s leading policy makers, wind industry leaders, investors and other key stakeholders locally and internationally.

Four Norwegian companies — Equinor, Mainstream Renewable Power, DNV and Scatec — will participate in different panels to share their insights and experiences on different topics, including auctions, project finance and asset management; mergers and acquisitions, investment and capital raising; and certification, standardisation and human capital development and optimisation of electricity production.

Like Việt Nam, Norway is a coastal nation with abundant offshore wind resources, and a well-established oil and gas industry. It is also vulnerable to climate change.

Thanks to its maritime and offshore expertise, Norway is in a unique position to contribute to the growing market for offshore wind.

Norwegian companies are ready to work with local partners by sharing expertise and technology to help Việt Nam in its energy transition process, to fulfil its climate commitments under the Paris Agreement and COP26, and contribute to Việt Nam’s sustainable economic growth, said Director of Innovation Norway Hà Nội, Commercial Counsellor Arne-Kjetil Lian.

Norwegian Ambassador to Việt Nam Grete Lochen said the conference would contribute to accelerating much-needed energy transformation to ensure sustainable economic growth.

A multi­ stakeholder approach is key and will give input to policymakers of predictable and more effective policy solutions, she said.

Offshore wind power in Việt Nam was expected to reach 10GW by 2030.

The Global Wind Energy Council calculated that the first 4-5GW of offshore wind power in Việt Nam will require an investment of between US$10 billion and 12 billion, however as it is an inexhaustible resource that reduces the need to spend money to import fuels such as coal power and gas. After all, it could help reduce the cost of fuel by $650-800 million.

Partnership for a circular economy

At an event on Tuesday afternoon in Hà Nội, Norwegian Embassy, international donors, academia and the private sector showed their commitment to supporting the Government of Việt Nam in building a successful circular economy for plastics to help Việt Nam fulfil its environmental commitments and ensure sustainable and greener economic growth.

The event was co-held by the Việt Nam Environment Administration and the Norwegian Embassy.

At the event, the Cities Development Initiative for Asia committed to provide technical assistance to Vũng Tàu City. The initiative will prepare a holistic solid waste management investment programme for the city that includes waste disposal, collection, sorting, recycling and treatment, as well as final disposal.

It will first prepare a feasibility study exploring priority plastic waste project components in partnership with the Alliance to End Plastic Waste.

The project aims to build a strong stakeholder network among international and local organisations, research institutes, businesses, and State agencies to manage solid waste across the value chain and catalyse investment to help minimise plastic waste leakage into nature.

Asian Development Bank Country Director Andrew Jeffries said the Vũng Tàu Solid Waste Management Project Preparation Study was one of the pathways by which ADB was supporting the Government of Việt Nam toward a green recovery post-COVID and a low-carbon growth strategy.

“The pandemic offers an opportunity to rebuild our communities using more sustainable models to create a better, greener future for all. And one approach is by transitioning to a circular economy,” he said.

Speaking at the event, Nguyễn Hưng Thịnh, deputy director of the Việt Nam Environment Administration, said Việt Nam was among the global pioneers in adopting system changes to accommodate the building of a circular economy for plastics.

He called research agencies and people to implement policies on promoting sustainable practices for production, business and consumption; waste management towards treating waste as a resource; expanding producer responsibility for waste recycling and treatment; as well as promoting reuse and recycling of plastic waste in tandem with limiting single-use non-biodegradable plastic packages. —

Source: https://vietnamnews.vn/environment/1090230/viet-nam-wind-power-2021-event-launched.html

Sci-tech-environment

Vietnam to witness total lunar eclipse in 2022

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Special astronomical phenomena expected to occur in 2022 include the following:

January: Quadrantids meteor shower

Just a few days after entering the new year, astronomy lovers will witness the first phenomenon, which is the Quadrantids meteor shower. This is an above-average meteor shower that usually occurs in January.

This year, the Quadrantids meteor shower will peak on January 3-4. This meteor shower can be observed in areas with favorable weather, few clouds, no rain and no light pollution.

April: Lyrids meteor shower and partial solar eclipse

In April, there will be an average meteor shower called the Lyrids. This meteor shower is caused by debris from comet C/1861 G1 Thatcher that burned up as it enters the atmosphere.

The climax of the Lyrids meteor shower falls on April 22 and 23, 2022. At that time, observers can see about 20 meteors per hour.

Also in April, the world will see the first solar eclipse of the year. This is a partial solar eclipse that will occur on April 30, 2022.

May: Eta Aquarids meteor shower and total lunar eclipse

The Eta Aquarids meteor shower is classified as medium. This meteor shower will appear in early May. The peak of the Eta Aquarids meteor shower will take place on May 6 and 7, 2022.

If you’ve ever heard of Comet Halley, the Eta Aquarids meteor shower is the remnant of debris from this comet as it plunges into the atmosphere.

On May 16, there will be a total lunar eclipse. However, this lunar eclipse will not be observed in Vietnam because the geographical position does not allow it.

Việt Nam sẽ chứng kiến nguyệt thực toàn phần năm 2022

The first lunar eclipse of 2022 will occur on April 30.

July: Delta Aquarids meteor shower

Delta Aquarids is the name of the meteor shower that usually occurs in July and August every year. This is an average meteor shower.

The climax of the Delta Quarids meteor shower will occur on the night of July 28 and 29, 2022. To see this meteor shower, observers can turn their gaze towards the constellation Aquarius.

August: Perseids meteor shower

The Perseids are one of the most notable meteor showers of the year. This meteor shower is formed by debris from the comet Swift-Tuttle.

The meteor shower takes place from mid-July to the end of the month with its peak falling on the night of August 12 and early morning on August 13, 2022. If weather conditions are good, the Perseids meteor shower can bring up to 100 meteors at its peak.

October: Partial solar eclipse, Draconids and Orionids meteor showers

There will be up to two notable meteor showers in October, which are the Draconids and Orionids meteor showers.

The Draconids meteor shower is a small meteor shower that occurs on the first days of October, with a peak on October 7, 2022. This meteor shower can be observed almost all night, in the northern sky. However, due to the influence of moonlight, observers will hardly have favorable conditions to witness the Draconids meteor shower.

Unlike the Draconids, the Orionids are one of the most notable meteor showers of the year. The Orionids meteor shower will peak at midnight on October 21 and dawn on October 22, 2022. This year, astronomy lovers will have ideal weather conditions as they will be unaffected by the light from the moon when observing the Orionids meteor shower.

Việt Nam sẽ chứng kiến nguyệt thực toàn phần năm 2022

October is also the time of the second and final solar eclipse of 2022. This partial solar eclipse will take place on October 25.

November: Taurids, Leonids meteor showers and total lunar eclipse

In November, there will be another small meteor shower called the Taurids. The peak of this meteor shower will be on the night of November 4 and early morning of November 5, 2021. Since the Taurids is a small meteor shower, observers will only see about 10 meteors per hour.

November also will witness a total lunar eclipse – the most awaited astronomical phenomenon of the year for Vietnamese.

The total lunar eclipse will be on November 8, 2022. If the sky is clear, this phenomenon can be easily observed with the naked eye.

At the end of November, there will be also the Leonids meteor shower. This medium-sized meteor shower will peak on the night of November 17, 2022 with the appearance of about 30 meteors per hour.

December: Geminids meteor shower

The Geminids is considered the largest meteor shower of the year. At its peak on the night of December 13 and early morning, December 14, 2022, the Geminids meteor shower can bring up to 100-120 meteors per hour. Observers may also see the Geminids meteor shower at a more moderate frequency throughout December of 2022.

Trong Dat

Source: https://vietnamnet.vn/en/feature/vietnam-to-witness-total-lunar-eclipse-in-2022-809678.html

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Many Southeast Asians survive through pandemic thanks to Vietnamese games

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In some Southeast Asian countries such as the Philippines and Malaysia, many people have had a stable income during the pandemic for two years now, thanks to Vietnamese games.

Nhiều người dân Đông Nam Á sống qua đại dịch nhờ game Việt

“Play to earn” was one of the most prominent technology trends in 2021. One of Vietnam’s games of this type – Axie Infinity – became a phenomenon on the world map in 2021. Instead of having to spend money to buy games for entertainment, now users can also earn money through games. “Play to earn” games often have a combination of Blockchain technology. The types of scores that players achieve in the game are designed in the form of tokens. These tokens are convertible into cryptocurrencies with measurable value.

In fact, there are times when blockchain games developed by Vietnamese have surpassed ordinary entertainment value. The proof is that many people in Southeast Asian countries such as the Philippines and Malaysia have earned a stable income from these games to survive during two years of the pandemic.

According to CNBC, at the peak of the Covid-19 epidemic in the Philippines, most people had to stay at home due to the effects of lockdowns. That’s also when the game Axie Infinity became a phenomenon in the country when it helped many people in the city of Cabanatuan, north of Manila, have more income.

Axie Infinity also has had a great influence in Malaysia. Joe Kit Yong – co-founder of Lorcan Gaming – told The Rakyat Post that blockchain games like Axie Infinity have been quite popular in Southeast Asia. Many gamers consider this their main source of income amid the pandemic.

According to Cointelegraph, besides Axie Infinity, Bemil is another Vietnamese game that has attracted Filipinos players recently. Currently, this game has over 100,000 app downloads with tens of thousands of people participating in groups on social networks.

To develop its community in this country, Bemil has launched a campaign to provide container houses for Filipinos who lost their jobs with a budget of about 5,000 USD per month.

Not only Axie Infinity and Bemil, many other Vietnamese blockchain games such as Thetan Arena, Titan Hunters, Sipher, and Atlantis Metaverse are gradually showing their influence.

The spread and influence of Vietnamese blockchain games can be considered a bright spot in Vietnam’s technology industry in 2021. This direction also opens up many new development prospects to go global for Vietnamese technology firms.

Trong Dat

Source: https://vietnamnet.vn/en/sci-tech-environment/many-southeast-asians-survive-through-pandemic-thanks-to-vietnamese-games-809685.html

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Vietnamese digital banking startup gets 20 million USD

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According to Techinasia, Vietnam-based bank Timo has raised $20 million in an investment round led by Square Peg. 

This is a famous investment fund that has invested in technology unicorn projects such as Canva, FinAnce and Airwallex.

Startup ngân hàng số Việt nhận khoản đầu tư khủng 20 triệu USD

In addition to Square Peg, Jungle Ventures, Granite Oak, Phoenix Holdings and several other angel investors also participated in this funding round.

This is Timo’s first fund-raising round. Proceeds from investors will be used to develop the base technology, with a focus on products specific to the Vietnamese market.

Established in 2015, Timo is a provider of digital banking services that enables users to make payments and participate in other financial services without having to go directly to a bank branch. Timo users can even open a bank account without going to a bank for registration.

Timo’s successful funding round comes in the context of increasing digital banking products in Southeast Asia, especially in Vietnam.

According to McKinsey & Company Vietnam, the percentage of service users of Fintech (financial technology) companies in Vietnam increased from 16% in 2017 to 56% in 2021.

The popularity of e-wallets and Fintech in Vietnam is higher than the average of emerging markets in the Asia-Pacific region and even higher than some developed countries.

Cash is still the “king” in all payment segments in Vietnam. However, the openness of Vietnamese users to e-commerce is very high. Consumers are willing to spend digitally, even with complex financial products involving mortgages, investments, and insurance policies.

McKinsey & Company also said that the scale of Vietnam’s digital ecosystem is estimated at 50 billion USD and can increase to 100 billion USD by 2025.

Before Timo, another Fintech startup in Vietnam – MoMo – announced the completion of the 5th round of funding (Series E) with a total investment of about 200 million USD. This deal also turns MoMo into a technology unicorn when it is valued at up to 2 billion USD.

The Covid-19 pandemic has contributed to promoting the development of digital payments in Vietnam as both people and businesses have formed awareness and understood the value of cashless payments. The habit of non-cash payments will not only be maintained but also will continue to be promoted in Vietnam in the post-pandemic period.

Trong Dat

Source: https://vietnamnet.vn/en/sci-tech-environment/vietnamese-digital-banking-startup-gets-20-million-usd-809687.html

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