Cushman electric vehicles

At the conference (Photo: SGGP) The Center for linking production, processing, and consumption of agricultural products in Can Tho City was established with the expectation that by 2050, it will become the central transport node in large metropolitan areas with smart technology. The center will be the focal point of the chain of smart production, processing, and consumption centers in the region. In this link chain, about 50 percent - 70 percent of the production processes are done automatically and intelligently. Speaking at the conference, Chairman of the Can City People's Committee Tran Viet Truong said this is an important conference to get opinions from ministries, sectors, and localities in the region, step by step perfecting the project in the most feasible direction before submitting it to the Government. The Center aims to contribute to the construction of Can Tho City into the central city of the Mekong Delta region, contributing to the development of the region’s … [Read more...] about Center hoped to help link, consume agricultural products in Mekong Delta

Lenders reinforcing presence with bond issuance, Photo Shinhan Bank Vietnam Shinhan Bank Vietnam last week successfully issued bonds totalling VND2.8 trillion ($121.7 million), with a tenor of two years. CEO Kang Gew Won explained to VIR, “This is the first time that Shinhan Bank Vietnam has issued bonds in the Vietnamese market. This offering reinforces Shinhan Bank’s long-standing relationship with Vietnam. Our bank will use these proceeds from the bond sale to expand the bank’s credit activities, diversify its capital sources, serve its business objectives, and also ensure the bank’s long-term development.” On April 20, Shinhan Bank Vietnam also formally announced the use of the liquidity reserve ratio and net stable capital ratio in liquidity risk management, in accordance with Basel III standards. In recent times, the bank has been continuously assigned a BB rating by Standard & Poor’s, with a “Positive” outlook. Prior to Shinhan Bank, HSBC Vietnam became the … [Read more...] about Lenders reinforcing presence with bond issuance

Flexibility is required in handling raw material issues for power plants and easing coal supply pressures, Photo: Shutterstock Thai Binh Thermal Power Plant under Electricity of Vietnam (EVN) has been in a coal shortage since the beginning of 2022. Ta Trung Kien, director of the plant, said that the volume of coal delivered “has been reduced significantly” compared to the signed contract. Vinacomin Group and Dong Bac Corporation – two of the coal suppliers for the Thai Binh Thermal Power Plant – delivered only just over 74 per cent of the monthly plan. “The two units of our plant need about 6,400 tonnes of coal per day. Due to a lack of coal, the plant was forced to use backup coal to maintain the operation. By the end of the first quarter, these reserves were at just about 14,000 tonnes, much lower than the required norm of 80,000 tonnes,” Kien said. Many other plants are facing similar problems, including Nghi Son 1, Vung Ang 1, Vinh Tan 2, and Duyen Hai 1, which currently … [Read more...] about Nation lacking coal supply for sufficient power generation

Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals

EVN workers examine electricity facilities (Photo: VNA) The Vietnamese government’s permission for private companies to invest in and build power plants and transmission systems became a big step forward, bringing competition in the energy sector to a manageable level. The first 500kV super-high voltage power transmission line invested by Trungnam Construction and Investment JSC has been operating stably for more than a year. Trungnam’s project includes a 500kV substation and transmission lines combined with a 450MW solar power plant, promoting its advantages when participating in the power grid of Ninh Thuan province and the south-central coastal region. Pham Nhu Anh, member of the Executive Board of Military Bank, which arranged capital for Trungnam to invest in transmission infrastructure, pointed out that capital is still a bottleneck in Vietnam’s electrical infrastructure development. According to Anh, the fact that Electricity of Vietnam (EVN) still holds a monopoly on … [Read more...] about Transmission boost to remove major power bottlenecks

Ho Chi Minh City transport authorities have requested that measures be taken to prevent commercial passenger transport companies from overcharging their passengers at Tan Son Nhat International Airport. In a dispatch sent to the airport authority and agencies concerned on Wednesday, the municipal Department of Transport asked that steps be taken to prevent passengers from being fleeced, including regular inspections of such vehicles. Strict punishments must be given to any firms which claim higher transport charges than their quoted rates, the department said. The move was made after passenger Dr. Le Dang Doanh, former head of the Central Institute for Economic Management, was asked by a commercial car driver to pay nearly VND200,000 (US$8.65) for his three-kilometer trip from the airport to a hotel. Dr. Doanh said he took a passenger car operated by the Southern Airport Transportation Joint Stock Company (SATSCO) for his trip after his flight touched down at the airport last … [Read more...] about Transport authorities request oversight of commercial cars at Saigon airport following overcharging accusation

The sidewalks encircling several hospitals in Ho Chi Minh City have been turned into parking lots for motorbikes and trading areas for street vendors, leaving little to no space for pedestrians. Although the municipal Department of Transport requested that the People’s Committees of Districts 1, 3, 4, 5, 6, 10, and 11, where many large hospitals are located, crack down on the sidewalk encroachment, the issue has remained rampant as of Wednesday. Some sidewalk occupiers even put up barriers to stop pedestrians from walking through their parking lots, which can be seen on the sidewalks of Nguyen Chi Thanh and Thuan Kieu Streets near Cho Ray Hospital and along Ly Thuong Kiet Street near Hung Vuong Hospital, both in District 5. As a result, pedestrians are forced to walk on the roadway, endangering themselves and others. “There is no footpath because the sidewalks are full of motorbikes so I have to go on the roadway,” said Nguyen Tan Vinh, a resident of District 5. A … [Read more...] about Parking service operators, street vendors encroach on sidewalks near hospitals in Ho Chi Minh City

Masan workers on a production line. MSN stocks hit ceiling prices on Thursday, backing market reversal. — Photo vietnambiz.vn As bulls and bears entered a tug-of-war, the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose by 0.88 points, or 0.07 per cent, to 1,241.64 points. The market’s breadth stood considerably negative as advancers were dwarfed by decliners. Notably, 294 stocks advanced while 519 declined. The market’s liquidity was low with only 460 million stocks traded on the southern bourse, equivalent to around VND11.6 trillion (US$502 million). Buying forces were not strong enough to lift blue chips. The 30 biggest stock tracker VN30-Index lost 2.86 points, or 0.22 per cent, to end at 1,283.55 points. In the basket, decliners outnumbered advancers by 18 to eight. Among ten stocks propping up the market, Masan Group (MSN) was the largest gainer, hitting the ceiling prices. Other stocks that fueled market reversal included Duc Giang Chemicals (DGC), … [Read more...] about Market edges up slightly due to bull-bear tug of war

Prof. Dr. Tran Doan Son is working on his computer for meaningful research Prof. Dr. Tran Doan Son was born in 1954. At the age of 28, he went to Czechoslovakia to finish his doctorate program and received the degree in machine building technology by Plzen School of Electrics – Machine 5 years later. Returning home, he was appointed Head of the Machine Building Department in HCMUT. In 2002, he was awarded the title Associate Professor of Mechanical Engineering by the Council of Mechanics – Dynamics, followed by the title People’s Teacher in 2020. He has just been awarded the Professor title and the Ho Chi Minh prize for his project ‘Researching, Renovating, and Developing Food and Produce Processing Devices in Vietnam’. Beginning his teaching career in 1976, Prof. Dr. Tran Doan Son has always believed that teaching is not merely to impair knowledge but to arouse interest and passion among students, to promote creativity instead of simply letting them taking note. Hence, his … [Read more...] about Impressive achievements of devoted scientist

In a tent near Suoi Chieu Lake in the northern Son La Province, Trang, 37, and her husband hug their two children, look at the night sky, tell each other stories, and then go to sleep. The sounds of birds chirping wake them up early the next morning. She starts a fire, boils water, makes coffee, and then scrambled eggs and sausages for breakfast. "Though this is my second camping trip here, it feels as refreshing as the first," she says. Her family traveled 160-kilometer journey from Hanoi to Son La and their two trips were less than three months apart. Trang’s family during a glamping trip to Suoi Chieu Lake in Son La Province in May 2022. Photo courtesy of Trang Trang's family began camping three years ago, taking along a self-propelled tent, some tarpaulins and food to an islet under the Vinh Tuy Bridge, Dong Mo Lake in Ba Vi District or Ecopark, a neighborhood famous for greenery in Hung Yen Province near Hanoi. She was tired of being cooped up indoors when … [Read more...] about Glamping gains popularity in Hanoi after pandemic