Task 1 how electricity is generated in a hydroelectric power station

The Hanoi People’s Committee Office has issued Official Letter 8099/VP-KT dated August 28, requesting city’s agencies and sectors to carry out the conclusion of Deputy Prime Minister Vuong Dinh Hue at meeting of the Steering Committee for National Target Programs for the 2016-2020 period. At the meeting of Steering Committee for National Target Programs for the 2016-2020 period, Deputy Prime Minister Vuong Dinh Hue concluded major tasks and orientations  from now to the end of the year as following: Enhancing the dissemination   of new-style rural area model; further implementing the  Joining Hands to build New-style Rural Area movement and Joining Hands for the Poor campaign launched by  the Prime Minister; Increasing investment resources and channeling  mid-term resources for poverty reduction policies and programs; giving priority to utilities and development in ethnic minority areas, poor districts and communes, communes in border areas, especially … [Read more...] about Hanoi to perform key tasks of national target programs

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

Trains of the Nhổn-Hà Nội Station metro line. The project is likely to be lagged behind schedule for five years. VNA/VNS Photo HÀ NỘI — Hà Nội Urban Railway Management Board has proposed delaying the Nhổn-Hà Nội Railway Station project for five years, with an additional investment capital expenditure of more than VNĐ4.9 trillion (US$211.2 million). Under the management board’s proposal recently sent to the city’s People’s Committee, the Nhổn-Hà Nội Railway Station line will be put into operation in 2027, with the elevated section beginning in 2022. The metro line will complete its final settlements in 2029. Accordingly, the project’s total investment has been adjusted to be VNĐ34.53 trillion ($1.48 billion), with an increase in investment of about VNĐ4.9 trillion ($211.2 million). The management board said the increase in total investment was required because of changes in exchange rates and the need to readjust initial designs and technical requirements. Multiple … [Read more...] about Hà Nội’s second metro line project delayed further 5 years

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

Hanoi People’s Committee has recently issued Document 3183/UBND-KH&DT, requesting units to report the implementation of 2016-2020 National target programs in the first half of 2017 in Hanoi. This is the city’s effort to realize regulation on report according to Regulation on managing, operating implementation of National target programs in the period of 2016 to 2020 (issued together with Decision 41/2016/QD-TTg dated October 10, 2016 of the Prime Minister). Accordingly, the Hanoi People’s Committee requests Department of Agriculture and Rural Development to report the result after implementing National target program on new-style rural area construction in the first six months of 2017, and Plan 188/KH-UBND dated October 6, 2016 on implementing Program 02-CTr/TU dated April 26, 2016 of the Hanoi Party Committee on developing agriculture, building new-style rural area and improving peasants’ life in the 2016-2020 period. Report will be submitted to the Authority of … [Read more...] about Hanoi to report on implementation of National target programs in 2016-2020 period

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

Prime Minister Pham Minh Chinh (Photo: VNA) Hanoi (VNA) – The discussion of the Indo-Pacific Economic Framework for Prosperity (IPEF) should aim at a framework that brings practical benefits to the people, stated Prime Minister Pham Minh Chinh at the launch ceremony of the IPEF on May 23. Participating virtually at the hybrid event held in Tokyo, Chinh said it should be an open, inclusive, and balanced process in line with international law and meeting the lawful and legitimate interests of parties involved. The leader affirmed that Vietnam will work with other ASEAN member countries and relevant partners to continue discussing and clarifying the content of IPEF pillars, bringing about a positive, effective, and feasible economic agenda for the region and for each nation; as well as for peace, stability, cooperation, development and prosperity in the region ang the world at large. Chinh highlighted the need to adjust the growth model and economic linkage to be more … [Read more...] about IPEF discussion should aim at cooperation for people’s benefits: PM

According to Pao Jirakulpattana, vice president at Warburg Pincus Singapore, China is competing with many other emerging areas, including Vietnam. “If you look at the investment flow on the global scale, although the flow is coming back to China in the global perspective as political tensions have arisen, ASEAN is becoming an attracting destination, including Vietnam,” Jirakulpattana said. “Vietnam has done pretty well in receiving new investment flows. We highly appreciate the determination of the government to define which sectors should be the top priority. For example, the electronic and power sector will develop strongly in the next 10 to 15 years. Vietnam has started with intensive labour sectors. However, sustainable development must be more concentrated,” he added. Jirakulpattana also expressed Vietnam’s disadvantages in capital and financial products. “We do not have an efficient approach for large-scale international investors yet, such as the Centre Group or chains … [Read more...] about Investment flow drives Vietnam’s industrial property

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

According to the SBV, the COVID-19 outbreak has already posed significant roadblocks to the management of delinquent loans and the integrity of banking operations. Concerning the matter of cross-ownership in credit institutions, it is nevertheless challenging in the event that significant shareholders and relevant individuals of major shareholders intentionally conceal information, the SBV noted. A lack of transparency in credit institutions’ activities might be a result of this since these major shareholders have the power to influence and control them. Additionally, the SBV reaffirmed that it would take a firm hand in dealing with the problem of group interests, as well as financing to build-transfer-operate (BOT) and build-transfer projects. Furthermore, according to data from the financial statements of the first quarter of 2022 of 27 banks, the total balance of bad debts of banks as of March 31 has increased by 11 per cent compared to December. In the first three months … [Read more...] about SBV warns about increasing bad debts, cross-ownership, and risks of BOT projects