How hydro electricity is generated

ABB Electrification Innovation Day featured solutions that help customers embrace the power of digitalization to improve energy consumption, optimize performance and operation, and contribute to a lower carbon future. The event attracted about 200 leaders from consulting, EPC, real estate, and industrial companies. Digital solutions enable customers to efficiently maintain and manage a charging network Vietnam is considered one of the most dynamic and stable countries in Southeast Asia. The increasing population, a rising appetite for goods and services, rapid urbanization, and growing economic activities in industrial and service sectors are exerting increased pressure on energy supplies in Vietnam. Its electricity demand is forecast to increase at a high rate over the coming years with 8.5 percent per year for the 2021-2030 period. Meanwhile, the rising cost of energy is one of the biggest challenges facing businesses today. Therefore, availability of adequate and … [Read more...] about ABB Electrification Innovation Day highlights the keys to a sustainable Vietnam

Vietnam won the gold medals without conceding a goal during the tournament that gathered all 11 Southeast Asian teams. Vietnam men’s football team defeated Thailand 1-0 to defend its title in the 31st Southeast Asian Games (SEA Games 31) on May 22 at the 40,000-seat My Dinh National Stadium, Hanoi. Vietnam won the gold medal without conceding a goal during the tournament that gathered all 11 Southeast Asian teams. Nham Manh Dung’s header in the 83th minute, which was kept unchanged until the match ended with five-minute injury time, sparking the excitement of the packed sports stadium was attended by Vietnam's top leaders, including President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, and Permanent member of the Central Party Committee's Secretariate Vo Van Thuong. Vietnam, which won the championship for the first time in 60 years in 2019 under the leadership of coach Park Hang-seo, continued its momentum as the … [Read more...] about SEA Games 31: Vietnam crowned men’s football champion

Hastily converted from sports stadiums, schools and cultural venues, Wuhan's 16 makeshift "ark" hospitals were designed to ease the burden on the city's overstretched healthcare system. (Photo: AFP/STR) When 43-year-old Ma was first summoned to a sports stadium converted into a medical facility on Feb 4, it was a virtual construction site with electrical wiring and beds still being installed. Separated from his wife and young child who had returned to eastern Shandong province for Chinese New Year, Ma said he felt "scared and anxious" when the call from the jury-rigged Wuchang hospital came in the middle of the night. But the situation has slowly improved, with the number of patients receiving treatment in the improvised hospital declining from a high of 760 in mid-February to 320 earlier this week. "We had 30-40 patients being discharged per day, but the number of patients admitted was only a dozen or so. This was when the whole situation changed for us," Ma, who is the … [Read more...] about Wuhan doctor recounts fears and hope at COVID-19 frontline

Agri-tourism will be a dominant tourism trend in the Mekong Delta. VNA/VNS Photo HCM CITY — Ecotourism, especially agri-tourism will be a dominant trend as the Mekong Delta strives to develop its tourism industry, experts say. At the second forum on tourism connections between HCM City and the 13 Mekong Delta localities held on Friday, May 20, in Đồng Tháp Province, experts also said that stronger coordination was necessary to better tap the region’s natural strengths. Hà Văn Siêu, deputy general director of the Việt Nam National Administration of Tourism, said the Mekong Delta has a lot of potential and resources to develop agricultural tourism products. In recent years, its tourism cooperation programme with HCM City has opened up multiple opportunities for investment and innovative startups that have led to the creation of a variety of agricultural tourism products, he said. In developing such products, “we need to focus on the three … [Read more...] about Agri-tourism: Mekong Delta targets two birds with one stone

The Ministry of Finace would maintain flexible and cautious fiscal policies to accelerate post-pandemic economic growth. — Photo vneconomy.vn The plan for using State capital in development investment must be realistic to ensure efficiency, according to the National Assembly’s Finance and Budget Committee. The committee’s Deputy Chairwoman Nguyen Thi Phu Ha said on Monday at the third meeting of the 15th National Assembly that the plan of using the State budget for development investment was not feasible, with incorrect capital demand, forcing the plan to be adjusted three times. At the meeting, Minister of Finance Ho Duc Phoc disclosed that the ministry’s report on the budget in 2020 showed that collection totalled more than VND1.5 quadrillion, while spending reached VND1.7 quadrillion, 1.9 per cent and 3.6 per cent lower than the plans, respectively. The public debt level fell significantly from 63.7 per cent of gross domestic product (GDP) in 2016 to 55.2 per cent by the … [Read more...] about Plan of using State capital must be realistic: NA

Vietnam’s retail and consumer sector might be booming, but analytics companies are quick to note that only a few large-scale consumer corporations are leveraging its potential thanks to their impressive, targeted strategies. Vietnam on track to enter world’s top ten consumer markets After more than two years of stunted growth due to the COVID-19 pandemic, analysts are reporting a bright outlook for the Vietnamese economy. Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April. The consumer sector accounts for about two-thirds of Vietnam’s GDP, and its recovery plays an important part in the recovery of the economy as a whole. VinaCapital, one of Vietnam’s largest investment and asset management firms, forecast Vietnam’s GDP to increase by 6.5 percent in 2022. Multinational banking and finance institution HSBC sees eye-to-eye with VinaCapital, predicting that the consumer … [Read more...] about Vietnam’s retail and consumer segment: Opportunity for leading market enterprises

Many streets in Hanoi were congested because of a torrential rain on Tuesday morning. As foreseen by the National Center for Hydro-meteorological Forecasting, Hanoi saw moderate rain in the morning in its inner areas, with rainfall of up to 30 millimeters during the three-hour rain. The rain came down mainly on such districts as Ba Dinh, Cau Giay, Hoan Kiem, Hai Ba Trung, Tay Ho, and Dong Da. Truong Chinh Street in Hanoi is seen packed with cars and motorbikes under the rain on May 24, 2022. Photo : Chi Tue / Tuoi Tre As noted by Tuoi Tre (Youth) newspaper reporters, due to the influence of the heavy rain, the traffic on various streets became jammed, especially during rush hours in the morning. Serious congestion was recorded on many inner streets such as Nguyen Trai, Lang, Truong Chinh, Tay Son, Thai Ha, and Huynh Thuc Khang. On the section from Nga Tu So Ward to Belt 3 of Nguyen Trai Street, the severe traffic jam stretched for up to a kilometer. … [Read more...] about Serious traffic congestion hits Hanoi streets due to prolonged rain

A customer fills up at a Petrolimex gas station. — VNA/VNS Photo Minh Quyet Viet Nam National Petroleum Group (Petrolimex) sets a target of consolidated revenue to reach VND186 trillion (US$8.1 million), a year-on-year growth of 10 per cent. The group also set a target of VND3.06 trillion for consolidated profit before tax, down 19 per cent. Petrolimex also said that its production and business activities were forecast to continue to face difficulties and challenges this year amid the complicated developments of the COVID-19 pandemic. In the first months of the year, the world witnessed "shocks" in oil prices and a shortage of gasoline supply due to the outbreak of the Russia-Ukraine war. Domestically, the supply of petroleum from refineries has not been stable, which has greatly affected the group's plan to create sources and organise production and business of key and core products. To achieve the set targets, Petrolimex continues to focus on developing and expanding … [Read more...] about Petrolimex targets 10% revenue growth in 2022