3 billion renewable energy

Jakarta (VNA) – Indonesia's state-owned electricity company PLN has axed a project to develop a coal-fired power plant as the country chases its long-delayed commitments to cut carbon dioxide emissions . PLN vice president of corporate communications Gregorius Adi Trianto confirmed that the company had canceled its plan to build the 1-gigawatt (GW) plant in Indramayu, West Java. It proactively stopped borrowing funds for the project as part of PLN's efforts to reach the country’s carbon neutral goal by 2060, Gregorius was quoted by local media as saying. The project’s termination came after Japan announced that it had canceled a plan to provide a loan worth 1.7 billion (12.55 million USD) for developing the Indramayu plant amid growing international criticism of coal power plants, a major source of greenhouse gas emissions. According to Indonesia ’s Ministry of Energy and Mineral Resources, total investment in the power sector reached 700 million USD in the first … [Read more...] about Indonesia cancels giant coal-fired power project

Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such  half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM

At the  HCMC Party Committee's 13 th  meeting (photo:SGGP) Tomorrow, the one-day conference will concentrate on the discussion and assessment of reports relating to implementation results of the socio-economic plan and the Party building work in the first six months of 2022, solutions that will be carried out in the second half of the year. According to the Ho Chi Minh City People's Committee, in the first six months of the year, Ho Chi Minh City's socio-economy continued to recover strongly with V-shaped growth and it has been maintained stably. HCMC continues to well control the Covid-19 pandemic situation, consolidate the conducted health strategy, and associate the health strategy with other strategic activities and plans. Many cultural, literary and artistic activities brought pervasiveness, especially programs to celebrate public holidays. As for the diplomatic task, political security and social order and safety have continued to be maintained. In the first six months … [Read more...] about 15th plenary conference of HCMC Party Committee to open on July 5

The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over USD 1.95 billion worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at USD 1.26 billion. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply and kept supply chains uninterrupted, thus fulfilling export orders. Meanwhile, the index of industrial production increased 22% year on year in the six months, helping Binh Phuoc achieve a growth rate of 6.91% to rank second the southeastern region and 35th in Vietnam. In particular, the processing - manufacturing industry expanded by 23.4% and … [Read more...] about Binh Phuoc posts nearly USD 700 million in H1 trade surplus

Around 1 p.m., power went out in Hanoi’s inner districts like Ba Dinh, Cau Giay, Nam Tu Liem, Hai Ba Trung, and Hoang Mai. Nghia, manager of an office building in the Cau Giay District, stated that the power was restored after about 30 minutes. However the voltage spiked to more than 240 kilovolts (kV), causing some electrical equipment to be damaged. The damage is being assessed by building management. An employee of a media company in Hai Ba Trung District reported that while eating lunch at the office, power suddenly went out then came back on and then went out again. The loss of power recurred 10-15 minutes, causing many company equipment to be "turned on and off multiple times." Hanoi University of Science and Technology, located in Hai Ba Trung District, had to announce that "the entire school lost power due to a power grid failure in the city. We hope teachers and students understand for this inconvenience." The power was restored around 2:40 p.m., and normal … [Read more...] about Northern Vietnam hit by massive power outages

The Hanoi People's Committee has approved the feasibility study report of an investment project to build a road tunnel for both pedestrians and vehicles in Hoan Kiem district to improve traffic flow and ensure safety for pedestrians. A road tunnel in Hanoi The Hoan Kiem People’s Committee is assigned to be the investor of the project, with a total capital of over 100 billion VND (4.28 million USD) sourced from the district’s budget. The construction is expected to last from 2022 to 2024. The tunnel, set to be 3.2m high and 15.7m long, will connect Tran Nguyen Han and Chuong Duong Do streets. Its two doors are designed to automatically open and close for flood drainage in the storm and rainy season. … [Read more...] about Hanoi to build road tunnel in Hoan Kiem district

Hanoi, (VNA) - The following is a list of selected news summaries over the weekend by the Vietnam News Agency. – Prime Minister Pham Minh Chinh has ordered faster administration of the third and fourth doses of COVID-19 vaccine as part of measures against the unpredictable pandemic situation, especially when the sub-variant BA.5 has appeared in Vietnam and raised the risk of a new wave of coronavirus infections. According to the Government Office, to enhance pandemic control and create favourable conditions for socio-economic recovery and development, the Government leader has assigned Deputy PM Vu Duc Dam to continue directing the Ministry of Health, other ministries and sectors, and 63 provincial-level localities to drastically carry out anti-pandemic measures, especially accelerating COVID-19 vaccination. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the … [Read more...] about ☀ Morning digest on July 4

Vietnamese leaders have sent congratulatory messages to leaders of the U.S. government and Congress on the occasion of the country’s 246th Independence Day. State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to U.S. President Joe Biden on Monday, according to the Ministry of Foreign Affairs. Chairman of the National Assembly Vuong Dinh Hue also extended greetings to President of the Senate Kamala Harris and Speaker of the House of Representatives Nancy Pelosi. On the same day, Minister of Foreign Affairs Bui Thanh Son sent a congratulatory message to U.S. Secretary of State Antony Blinken. Vietnam and the U.S. established bilateral relations in 1995, paving the way for a partnership of trust, friendship, and mutual respect. The bilateral relationship is guided by the comprehensive partnership signed in 2013 and joint statements issued by the leaders of the two countries in 2015, 2016, and May and November 2017, according to the … [Read more...] about Vietnam leaders congratulate US on 246th Independence Day

Winners of BCI top 10 Developers Award 2022 for Viet Nam. — Photo courtersy of BCI Viet Nam’s top ten property developers and architecture firms were recognised at the the BCI ASIA Award ceremony held in HCM City on June 30. The portfolios of the top developers for 2022 are valued at US$1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to start construction in Viet Nam this year. These firms were chosen based on the greatest aggregate value of projects under construction during the last full calendar year. At the ceremony, the Top 10 Developers Award 2022 for Viet Nam was given to BCG Land Joint Stock Company, BRG Group, BW Industrial Development JSC, CapitaLand Development (Vietnam), Danh Khoi Joint Stock Company, Flamingo Holding Group, Hoang Huy Group, Hung Thinh Land Joint Stock Company, Nam Long Investment Corporation, and Vinhomes JSC. The BCI Asia Top 10 Architects Award 2022 was won by Alinco Ltd, … [Read more...] about BCI Assia Awards honors top architecture, real estate firms

According to Acting Director of the provincial Department of Industry and Trade Dang Van Tuan, foreign-invested enterprises accounted for 80% of the province’s total export turnover. The province has so far attracted 326 projects with a total registered investment capital of VND 82.4 trillion (USD 3.5 billion), including 129 foreign-invested ones worth a combined USD 2.73 billion. Tuan attributed the export growth to attractive investment policies and timely assistance to enterprises along with the diversification of export markets. Local businesses have been also encouraged to expand exports to countries that are part of free trade agreements which Vietnam is a member of, he said, adding that the province will continue to strengthen trade promotion and facilitate the export of key agricultural products with competitive advantages such as rice, processed seafood and specialty fruits. Tuan also said that the province has set the target of an average export growth rate of 7-8% … [Read more...] about Tien Giang’s export turnover up 18.5% in H1