Vietnam automotive industry 2016

Increasing demand Nguyen Tuan Anh, Deputy Director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT), said that new power sources expected to be put into operation in the 2022-2025 period will not keep up with the load growth, making it increasingly difficult to ensure stable supply and risking peak capacity shortage in the northern region from May to July. Transmission of renewable energy sources remains limited Nguyen Tuan Anh explained that about 10 major power projects in which Electricity of Vietnam (EVN) is not invested, are behind schedule bringing capacity shortage to about 7,000 MW, which will affect power supply. Meanwhile, renewable energy sources (solar and wind power) have been significantly supplemented, but transmission of the energy remains limited, likely resulting in local electricity shortages at times. Tuan Anh also said that according to the MoIT’s Electricity Master Plan VIII, the demand for … [Read more...] about Transparency needed to draw power industry capital, officials say

A study proposes developing a mechanism for reserve capacity payments for flexible power plants, and developing an ancillary services market for the Vietnam grid. A latest power system study carried out by the Vietnamese Institute of Energy (IE) under the Ministry of Trade and Industry (MoIT) recommends adding internal combustion engine (ICE) power plants in the National Power Development Plan VIII to ensure energy security. An internal combustion engine In the short term, the IE recommends building 650MW of ICE power plants in the South during 2022-2023 to support the high energy demand from 2022 to 2025, especially as Vietnam is expected to experience delays in the delivery of some coal and liquified-natural gas (LNG) power projects in the South. Additionally, drought conditions could create a risk of power shortage in the country. In the long term, the needed capacity of flexible ICE power plants to provide reserve capacity, supply peak demand, and … [Read more...] about Vietnam should add internal combustion engine power plants from 2022: Study

Greece lies at the juncture of Europe, Asia, and Africa, connecting important global trade routes. Greece hopes to expand trading relations with Vietnam after the ongoing visit paid by Greek President Katerina Sakellaropoulou. Greek President Katerina Sakellaropoulou welcomed in Hanoi on May 16. Photos: The World and Vietnam The Hellenic Republic expects to be a gate for Vietnamese goods to the European Union (EU) harnessing the EU-Vietnam Free Trade Agreement (EVFTA), according to Greek Ambassador to Vietnam Georgios Stilianopoulos, noting that Greece is one of the first countries ratifying the partnership and cooperation agreement (PCA) and approved the EU-Vietnam Investment Protection Agreement (EVIPA). Its geography allows Greece to connect to Europe, the Middle East, and the Black Sea, Stilianopoulos said, stressing that the Covid-19 pandemic has prompted a surge in demand for flexible supply chains. Being an EU member located at the juncture of the … [Read more...] about Greece wants to be transshipment hub for Vietnam goods to EU

"We were absolutely honored to have Prime Minister Pham Minh Chinh representing Vietnam at the summit," said U.S. Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Daniel J. Kritenbrink. "We were very grateful that PM Chinh spoke at every session on a broad range of issues including our desire to combat climate change, combat the spread of Covid-19, and of course, advance the shared principles on maritime-related matters that we've referred to elsewhere," Kritenbrink told VnExpress in a telephonic conversation. The summit was held May 12-13 to commemorate the 45th anniversary of the relations between the Association of Southeast Asian Nations (ASEAN) and the U.S. PM Chinh and other ASEAN leaders attended a reception hosted by President Joe Biden on May 12 evening at the White House before participating in the main meeting on May 13. The summit saw leaders of both sides express their commitment to raising their relationship to a "comprehensive … [Read more...] about US appreciates Vietnam PM’s contributions to US-ASEAN summit

Vietnam makes effort to deter people from poaching wild, migratory birds Vietnam is considered one of the most important areas in the network of migratory and endemic bird routes, with 63 globally important bird regions and 7 endemic bird regions. Of more than 900 species of birds that have been recorded in the Southeast Asian country, 99 of them need conservation attention, 10 are critically endangered, 17 are endangered, 24 are endangered and 48 are about to be threatened. The areas of wild birds and migratory birds have created important natural values, contributing to nature conservation, biodiversity conservation, tourism development, and building the image of Vietnam. Although the Party, State, and sectors and levels have been making great efforts in protecting biodiversity, including wild and migratory birds as well as important bird areas, hunting and consuming wild birds, especially migratory birds, is still rampant in many localities, negatively affecting … [Read more...] about Vietnam makes effort to deter people from poaching wild, migratory birds

At a meeting with U.N. Deputy Secretary-General Amina J. Mohammed in New York on May 16 (local time), the PM stressed that the year 2022 is of great significance as it marks the 45th anniversary of Vietnam’s U.N. membership. Appreciating the U.N.’s valuable contributions and support to Vietnam over the past more than four decades, the PM asked Amina to convey his invitation to Secretary-General Antonio Guterres and other U.N. leaders to visit Vietnam this year to foster multi-faceted cooperation between the two sides. Chinh reiterated Vietnam’s strong commitments to multilateralism and a world order based on international law and the U.N. Charter, as well as the country’s support for the U.N.’s central role in the global administration system, saying it needs global, all-people, and comprehensive approaches to tackle common challenges like epidemics and climate change. Vietnam backs enhancing relations between the U.N., parliaments of its member countries and the … [Read more...] about Vietnam to play more active role at U.N.: PM

The power industry is still facing many challenges to meet the rising demand in Vietnam. Vietnam needs US$133.3 billion to invest in new power plants and transmission networks from 2021 to 2030, according to Vice Minister of Industry and Trade Hoang Quoc Vuong. Vietnam needs US$133.3 billion investment in power projects by 2030. Photo: GIZ At the second conference on the National Power Development Plan VIII (PDP) VIII for the 2021-2030 period, with a vision to 2045 on September 28, the Vietnam Energy Institute (VEI) reported that of the total investment, US$96 billion will be spent on new power plants and US$37.3 billion on expanding the power grid. It means the country needs an annually an amount of US$13.3 billion for investment in new power plants and transmission networks in the next 10 years. Deputy Minister Vuong told the conference that according to the power source development program until 2030, the total power capacity is expected to increase by … [Read more...] about Vietnam needs US$133.3 billion investment in power projects by 2030

A business owner in Phan Rang City, Ninh Thuận Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyễn Thành HÀ NỘI — As the central coastal province of Ninh Thuận shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuận and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuận, digital transformation was still relatively new, and at … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuận

A wind power project in the northern province of Ninh Thuận. — Photo evn.com.vn HÀ NỘI — The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Việt Nam. “Multinational corporations responsible for up to US$150 billion of Việt Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vũ, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Việt Nam can not afford to ignore or miss out on.” Việt Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global … [Read more...] about IEEFA: Việt Nam’s manufacturing future rests on a credible renewable energy game plan

Lê Hương Around 4,000 gold, silver and bronze medals will be awarded to the best athletes at the upcoming SEA Games, though people know that the medal set has been cast from a metal mixture of copper and zinc, 85 per cent of which is red copper. Design for SEA Games 31 medal sets. — Photos courtesy of SEA Games organiser Each medal is 5mm thick with one side featuring the SEA Games mascot, a Sao La (Asian unicorn), while the other has a raised SEA Games logo. According to the Games organisers, the logo bears the image of a flying bird and a V-letter formed hand, which represent the hands of athletes as they sing their national anthems. The blue wings signify a strong-willed spirit and the desire to conquer peaks as well as the brotherhood and friendship of countries in the region. The gold medal is gilded with 24k gold, the silver is silver-plated and the bronze medal is copper plated. To enhance their longevity, each medal is covered … [Read more...] about SEA Games medals highlight Vietnamese cultural features