Authorities at law

Greek President Katerina Sakellaropoulou and Vietnamese President Nguyễn Xuân Phúc during the press conference. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc and Greek President Katerina Sakellaropoulou on Monday emphasised the importance of enhancing relations between the two countries. This is the Greek President's first official visit to Việt Nam. Vietnamese President Phúc praised the hard work carried out between the two countries to make progress with existing relations and revealed plans are in place to strengthen ties in the future. He told the press conference: "The relations between the two countries have seen significant progress recently, and we have set out specific directions and strategies to further deepen our cooperation in all aspects. "We also discussed a number of regional and international issues of mutual concern.” President Katerina Sakellaropoulou said that this visit will enhance relations between the two countries, the first time … [Read more...] about Plans in place to strengthen Greece – Việt Nam ties

Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang Province, inspects wind power projects. (Photo: SGGP) Up to now, despite facing many difficulties due to the Covid-19 pandemic, Soc Trang Province had four projects completed and put into commercial operation in 2021, with 26 wind turbines with a total capacity of 110.8 MW. Currently, the province is constructing seven other projects, including 102 wind turbines with a total capacity of more than 320 MW in Vinh Chau Town. According to a report by the People's Committee of Vinh Chau Town, wind power projects have been facing certain difficulties. Specifically, local people have prevented the installation of the 110 kV and 220 kV transmission lines; some wind turbine propellers have not been constructed yet due to problems with safety corridors; people placed obstacles to prevent the construction at some temporary culverts for water supply and drainage within the project scope; the security and order situation … [Read more...] about Interests of people, investors of wind power projects must be harmonized

Customers buy gold in a gold shop in Ha Noi. A tael of gold in Viet Nam was $838 higher than the global price on May 16. — VNA/VNS Photo Tran Viet With the price of a tael of gold in Viet Nam more than US$800 higher than in the rest of the world, local experts say the local regulation of gold prices is unsuitable. Sliding about VND1 million, a tael of the national SJC-branded gold prices stayed at VND69.5 million ($3,021). On Kitco.com, at the same time, prices of an ounce of gold slid to $1,812 or $2,183 per tael (1.2 ounces). A tael of gold in Viet Nam was $838 higher than the global price on May 16. In February 2020, the gap between prices for a tael of gold was about VND2 million ($86), nine months later, the gap was doubled to VND4 million ($172). At the time, experts considered such a disparity to be unusual. This caused concern about the exchange rate and restrictive policies in buying and selling gold. However, by February 2021, the gap had widened to VND8 … [Read more...] about Local gold regulation considered ‘outdated’ amid skyrocketing prices