Corporate

PetroVietnam Power Corporation’s Nhon Trach 3 & 4 power plant will use two GE 9HA.02 gas turbines. — Photo courtesy of the company GE has secured an order for generation equipment for PetroVietnam Power Corporation’s Nhon Trach 3 & 4 power plant in Dong Nai Province. It will supply two blocks of more than 800 MW each including a GE 9HA.02 gas turbine, the company’s most efficient 50 Hz gas turbine, an STF-D650 steam turbine, a W88 generator, and others. It marks the US firm’s first H-Class gas turbine order in Viet Nam. Once in commercial operation in 2025, the plant, the first to be fuelled by liquefied natural gas in the country, is expected to deliver over 1.6 GW of electricity. The highly efficient natural gas means the power plant will have a lower environmental impact than thermal plants. On May 11 a memorandum of understanding to develop solutions to improve the efficiency of the existing Nhon Trach 1 plant and long-term co-operation for the maintenance of … [Read more...] about GE gets first 9HA combined cycle power plant equipment order in VN

Vietravel Airlines has just signed a co-operation agreement with the Viet Nam Golf Tourism Association. — Photo nld.com.vn The Viet Nam Travel Aviation Company Limited (Vietravel Airlines) has signed a cooperation agreement with the Viet Nam Golf Tourism Association to officially participate in the network of providing tickets for more than 100,000 members of the association nationwide. Different from traditional tourism, golf tourism is a type of sports tourism that combines golf activities, exploration and relaxation. Guests participating in golf tourism are high-income people. Therefore, the cooperation with the Viet Nam Golf Tourism Association proves the service quality and transport capacity of Vietravel Airlines. In Viet Nam, golf tourism is an area with great potential when the golf economy is in a boom period. According to the Viet Nam Golf Association, the number of domestic golfers is 100,000 people and the number of regular players (at least twice a month) is … [Read more...] about Vietravel Airlines signs a co-operation agreement with the Viet Nam Golf Tourism Association

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

Exness to Sponsor Forbes Investment Conference in Ho Chi Minh City To complement the theme of Smart Money, Forbes has invited an array of financial experts as speakers at their event. Fund managers, digital asset pioneers, analysts, and real estate professionals will be sharing their knowledge and insights with conference participants. Exness will have a prominent presence at the Forbes Investment Conference as an official sponsor. At a dedicated booth, the multi-licensed broker will be showcasing its diverse range of trading products, optimal trading conditions, and global success. "It is very exciting to be sponsoring Forbes Vietnam’s first-ever Investment Conference," commented Dung Thai, Exness Commercial director for Vietnam. "Forbes is the leading media outlet in the financial industry and the event will create a one-of-a-kind environment for us to interact with hundreds of investors." "Stocks and digital assets are two of the investment areas that the conference will … [Read more...] about Exness to sponsor Forbes Investment Conference in Ho Chi Minh City

Vietnamese Prime Minister Pham Minh Chinh held a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of his trip to the US. 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 … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms