HSG exports steel sheets to US Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday. The company has been exporting to the US since 2014 and shipments have been increasing recently. A company spokesperson said the shipment proves the company’s capacity and global competitiveness since exports to the US and EU have been hit by the trade barriers they have imposed. Hoa Sen has exported to over 75 nations and territories. In 2017-18, it produced nearly 1.9 million tonnes of steel worth over VND34.4 trillion ($1.5 billion), up 13 per cent in volume and 32 per cent in value over the previous year. Revenues from domestic sales were worth over VND22 trillion ($964 million), up 34 per cent, and exports fetched $538 million, up 27 per cent. Its profit after tax was VND410 billion ($18 million). It uses advanced technologies to meet the standards expected in international markets like the US, the … [Read more...] about BUSINESS NEWS IN BRIEF 14/1
Hydropower projects in india
Viet Nam News by DataLeads NEW DELHI — According to the recent Hydropower Status Report, East Asia and the Pacific has the highest annual increase in hydropower capacity with China contributing the largest share of installed capacity. Over 90 per cent of the capacity added in 2017 in the region came from China, which increased its total installed capacity to 341,190 MW. Japan is second in the region with an installed capacity of 49,905 MW. It is followed closely by India with an installed capacity of 49,382 MW. In India, added capacity was contributed by the 1,200 MW Teesta III project in the Himalayan north-eastern state of Sikkim. Việt Nam is ranked fourth in the region with an installed capacity of 16, 679MW. It added to the greater Mekong region’s capacity with its 260 MW Trung Sơn project becoming fully operational in 2017. Pakistan’s installed capacity is 7,477. Country’s new power project received certified emissions reduction … [Read more...] about Which Asian Country Has the Most Hydropower Capacity?
Viet Nam News HÀ NỘI — Gender equality worldwide has generally improved as women find more opportunities to participate in society. Women are asserting their role in science and technology development, and the percentage of women involved in engineering has increased over recent years. However, there is still work to do to reach true equality. Most countries have not achieved gender equality in science, technology, engineering and mathematics, heard participants in a workshop on gender equality in science and technology in the Fourth Industrial Revolution yesterday. The workshop was part of the eighth meeting of the International Network of Women Engineers and Scientists-Asia and Pacific Nations Network (INWES-APNN). It was held in Hà Nội with the theme “Woman Scientists for Sustainable Development in the Digital Age.” Women account for less than 30 per cent of the world’s total science researchers. This number does not match … [Read more...] about Still work to do in gender equality
Nepal has reinstated a deal with a Chinese state-owned company to build a US$2.5 billion hydroelectric plant scrapped by the previous government, officials confirmed Monday (Sep 24), as the new pro-Beijing administration seeks massive infrastructure investment. Nepal suffers chronic energy shortages and is forced to buy electricity from neighbouring India AFP/ROBERTO SCHMIDT The agreement with the China Gezhouba Group Corporation (CGGC) to construct Nepal's largest hydro plant was abruptly cancelled by the outgoing government just weeks before a general election late last year. "The decision to scrap the agreement with the Chinese company by the previous government was taken without any grounds," information minister Gokul Baskota told AFP. "We decided to correct that, because Nepal doesn't have the capacity to build such a big project and funding is also challenging." The long-mooted 1,200 megawatt Budhi-Gandaki plant would nearly double Nepal's hydropower production. The … [Read more...] about Nepal reinstates US$2.5 billion hydropower deal with Chinese firm
Investment ties between Vietnam and India are expected to further develop in the months to come with energy as one of the focuses. Vaibhav Saxena, executive committee member of the Indian Business Chambers in Vietnam (INCHAM), gave VIR an insight into the recent moves of Indian firms and future investment opportunities. Opportunities and incentives Shri Ram Nath Kovind In early March 2018, at the invitation of H. E. Shri Ram Nath Kovind, President of the Republic of India, Tran Dai Quang, President of the Socialist Republic of Vietnam, paid a State visit to the Republic of India. With the satisfactory and significant rise in trade turnover during the last two years and the vision to accelerate economic potential to a further level, the two representatives urged the leaders of business and industry of both countries to explore new trade and investment opportunities in prime areas of cooperation, including hydrocarbons, power generation, renewable energy, and energy conservation. … [Read more...] about Indian investors keen on energy projects in Vietnam