Coal export ban

"We were absolutely honored to have Prime Minister Pham Minh Chinh representing Vietnam at the summit," said U.S. Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Daniel J. Kritenbrink. "We were very grateful that PM Chinh spoke at every session on a broad range of issues including our desire to combat climate change, combat the spread of Covid-19, and of course, advance the shared principles on maritime-related matters that we've referred to elsewhere," Kritenbrink told VnExpress in a telephonic conversation. The summit was held May 12-13 to commemorate the 45th anniversary of the relations between the Association of Southeast Asian Nations (ASEAN) and the U.S. PM Chinh and other ASEAN leaders attended a reception hosted by President Joe Biden on May 12 evening at the White House before participating in the main meeting on May 13. The summit saw leaders of both sides express their commitment to raising their relationship to a "comprehensive … [Read more...] about US appreciates Vietnam PM’s contributions to US-ASEAN summit

Saigon was greeted with a heavy downpour at the beginning of this week. Getting to work, already a tedious task, was now chaotically worse. Motorbikes pulled themselves to the side en-masse and riders brought their raincoats out. Cars weren't much better off, either. They had to switch lanes frequently, making traffic even more complicated. Buses had no maneuvering room. As the water poured down my face, I wondered, not for the first time: was I better off on the bike or were the bus passengers the happier lot? The answer seemed obvious. They could just sit there and enjoy the rain tapping on the glass, insulated from the outside chaos. Of course, riding a bus in Vietnam is not always the most pleasant experience. It requires forbearance and not a little of it. I used to go to work on buses too, but could not go through the experience for long. I’ve seen people talking about banning motorbikes these days. I don’t necessarily oppose this. In any developed city, personal vehicles … [Read more...] about Vietnam should take a leaf out of Indonesia’s public bus book

Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to successfully build a regional-level financial centre, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms

The first Lotus Festival 2022 will take place in Cao Lanh City, the Mekong Delta province of Dong Thap from May 19 through May 21. The festival is expected to open in Cao Lanh City, the Mekong Delta province of Dong Thap from May 19 through May 21 aiming to honor the lotus and promote the cultural and economic values of products, souvenirs made from Dong Thap-based lotus plants; thereby, to boost the development of the lotus planting industry along with tourism development; develop typical products; attract more tourists to the Mekong Delta province and contribute to the local socio-economic development. During the festival, many cultural and tourist activities will be organized, notably a set record of 200 dishes made of lotus, the second forum to connect tourism between Ho Chi Minh City and 13 Mekong Delta provinces and cities. Thap Muoi's beautiful and immense lotus field According to the Provincial People’s Committee of Dong Thap, the lotus development potentiality … [Read more...] about Dong Thap Province ready for first Lotus Festival 2022

Despite trade activities between the nation and South American nations seeing growth in recent times, it remains far from fulfilling its full potential, especially for the textile and garment sector, according to industry insiders. South America is viewed as a highly lucrative fashion market that boasts a population of more than 437 million people and a relatively high per capita income. However, there are still few businesses and consumers in South America who are fully aware of Vietnamese fashion products. Furthermore, the Vietnamese textile and garment industry is in the process of developing rapidly and is able to meet many large orders with high requirements from different markets. Currently, the nation’s textile and garment exports to Brazil stands at between US$150 million and US$200 million per year, whilst those to Chile are between US$70 million and US$90 million per year and to Peru the figure is around US$30 million to US$40 million per year. Meanwhile, local textile … [Read more...] about South America viewed as potential market for Vietnamese apparel

In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalization, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realizing the country’s ambition to successfully build a regional-level financial center, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the U.S.-Vietnam comprehensive partnership. On the occasion, PM Chinh witnessed the awarding ceremony of two cooperation documents in the fields of finance, banking and investment funds … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms

Greece lies at the juncture of Europe, Asia, and Africa, connecting important global trade routes. Greece hopes to expand trading relations with Vietnam after the ongoing visit paid by Greek President Katerina Sakellaropoulou. Greek President Katerina Sakellaropoulou welcomed in Hanoi on May 16. Photos: The World and Vietnam The Hellenic Republic expects to be a gate for Vietnamese goods to the European Union (EU) harnessing the EU-Vietnam Free Trade Agreement (EVFTA), according to Greek Ambassador to Vietnam Georgios Stilianopoulos, noting that Greece is one of the first countries ratifying the partnership and cooperation agreement (PCA) and approved the EU-Vietnam Investment Protection Agreement (EVIPA). Its geography allows Greece to connect to Europe, the Middle East, and the Black Sea, Stilianopoulos said, stressing that the Covid-19 pandemic has prompted a surge in demand for flexible supply chains. Being an EU member located at the juncture of the … [Read more...] about Greece wants to be transshipment hub for Vietnam goods to EU

The technology has a lower environmental impact. GE Gas Power on May 16 announced it has secured an order that will provide power generation equipment for PetroVietnam Power Corporation (PV Power)’s Nhon Trach 3&4 Power Plant, marking GE’s first H-Class gas turbine order in Vietnam. This project will contribute to the implementation of Vietnam’s announced commitment to achieving net-zero carbon emissions by 2050 by supporting the rapid expansion of renewable energy through its dispatchable power profile. By using highly efficient natural gas, GE’s H-class leading technology power plants have a lower environmental impact. Photo: The Hanoi Times GE’s OT HRSG technology is a key enabler in advanced water-steam cycles delivering higher combined cycle efficiency, while Mark* VIe control systems will help PV Power improve asset visibility, reliability, and availability while reducing operating and maintenance costs. By using highly efficient natural gas, … [Read more...] about GE secures first H-Class gas turbine order in Vietnam

A study proposes developing a mechanism for reserve capacity payments for flexible power plants, and developing an ancillary services market for the Vietnam grid. A latest power system study carried out by the Vietnamese Institute of Energy (IE) under the Ministry of Trade and Industry (MoIT) recommends adding internal combustion engine (ICE) power plants in the National Power Development Plan VIII to ensure energy security. An internal combustion engine In the short term, the IE recommends building 650MW of ICE power plants in the South during 2022-2023 to support the high energy demand from 2022 to 2025, especially as Vietnam is expected to experience delays in the delivery of some coal and liquified-natural gas (LNG) power projects in the South. Additionally, drought conditions could create a risk of power shortage in the country. In the long term, the needed capacity of flexible ICE power plants to provide reserve capacity, supply peak demand, and … [Read more...] about Vietnam should add internal combustion engine power plants from 2022: Study

The power industry is still facing many challenges to meet the rising demand in Vietnam. Vietnam needs US$133.3 billion to invest in new power plants and transmission networks from 2021 to 2030, according to Vice Minister of Industry and Trade Hoang Quoc Vuong. Vietnam needs US$133.3 billion investment in power projects by 2030. Photo: GIZ At the second conference on the National Power Development Plan VIII (PDP) VIII for the 2021-2030 period, with a vision to 2045 on September 28, the Vietnam Energy Institute (VEI) reported that of the total investment, US$96 billion will be spent on new power plants and US$37.3 billion on expanding the power grid. It means the country needs an annually an amount of US$13.3 billion for investment in new power plants and transmission networks in the next 10 years. Deputy Minister Vuong told the conference that according to the power source development program until 2030, the total power capacity is expected to increase by … [Read more...] about Vietnam needs US$133.3 billion investment in power projects by 2030