Within just one year, a series of corporations such as AES, EDF, and Energy Capital Vietnam expressed their expansion strategies in Vietnam, boasting gas-to-power projects worth billions of dollars. In a meeting with Prime Minister Nguyen Xuan Phuc last week, US-based Energy Capital Vietnam reaffirmed its plan on the construction of a US$4 billion liquefied natural gas (LNG)-fuelled power plant, for which the company signed a memorandum of understanding with the Mekong Delta province of Bac Lieu in May this year. It is scheduled to start operation in late 2021 with the capacity of 1,000 megawatts (MW) in the first phase and offering a competitive tariff of 7 UScents per kWh, even lower than the current level of 7.8 cents for wind power projects and 9.35 cents for solar farms in the country. … [Read more...] about Gas-to-power projects attract global energy giants
Forbes powerful list
In 2016, the Vietnam Business Forum published the Made in Vietnam Energy Plan (MVEP). The plan recognised high levels of private sector interest in renewable energy and a far lower interest in coal-fired thermal power than the PDP7 anticipated. Since the publication of the MVEP, we have seen most of our expectations met. Over the past year, 7,000MW of solar utility energy has been installed, of which roughly 4,500MW has already been connected to the grid. … [Read more...] about Sustainable energy security magnetising private funds
The other two qualifiers are in archery. At the Olympic qualifying event in Thailand last year, Nguyen Hoang Phi Vu won the men's individual category while Do Thi Anh Nguyet finished in the top three of the women’s individual category. They are the first Vietnamese archers ever to qualify. … [Read more...] about Which Vietnamese athletes have qualified for 2020 Olympics?
Facing the introduction of several foreign cultures thanks to the ease of traveling, each developing country, including Vietnam, shares the same worry of losing their own national identity. During the wartime, despite the material misery, Vietnamese people were proud of their rich cultural life as they were not concerned too much by money and power. … [Read more...] about Vietnamese film industry promotes national identity, diversity
At the end of any exciting day, tourists can relax in the swimming pool with mountains and terraced fields on the horizon. Bars or luxury restaurants next to the pool are always ready to serve Asian or European dishes and drinks for a peaceful evening among the quiet hills. … [Read more...] about High-end delights at stunning Tu Le valley resort