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
Where electricity is generated in india
SEA Games 31: Vietnam crowned men’s football champion
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
Malaysian chicken export curbs ruffle feathers
The Southeast Asian nation is the latest country to curb food exports as prices surge, after India banned wheat shipments and Indonesia temporarily halted palm oil exports. Prime Minister Ismail Sabri Yaakob announced late Monday that the export of up to 3.6 million chickens a month would be halted from June 1 "until prices and supply stabilize". "The government cares about and takes seriously the issue of rising prices and the current (low) supply of chickens that is hurting" Malaysians, he said in a statement. The move followed mounting complaints in Malaysia but it triggered concerns in Singapore, a small city-state that relies in large part on its neighbor for food supplies. Around a third of Singapore's chicken imports came from Malaysia in 2021, according to the city-state's food agency. The agency warned of "temporary disruptions to the supply of chilled chicken", but added they were working with importers to minimize the impact. "We also advise consumers to buy only … [Read more...] about Malaysian chicken export curbs ruffle feathers
Indonesia’s drugmaker Kalbe Farma to expand operation
Indonesian drugmaker Kalbe Farma signs a joint venture with Fillipino consumer goods distributor Ecossential Foods on May 18 in Manila, the Phillipines ((Photo: kalbe.co.id) Jakarta – Indonesian top drugmaker Kalbe Farma has announced the founding of a joint venture in the Philippines as the company plans to expand its operation across Southeast Asia. Kalbe, through its subsidiary Kalbe International, will control 60 percent of Kalbe Ecossential International while Philippine consumer goods distributor Ecossential Foods will hold the rest. The joint venture is expected to help increase Kalbe's sales of its nutrition products in the Philippines before introducing others such as prescription and over-the-counter drugs, as well as herbal medicines in Southeast Asia's second most populous nation after Indonesia. Vidjongtius, president director of Kalbe Farma, said the Ecossential partnership is a "first step" as the Indonesian corporation looks to collaborate with other local … [Read more...] about Indonesia’s drugmaker Kalbe Farma to expand operation
Wuhan doctor recounts fears and hope at COVID-19 frontline
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: Mekong Delta targets two birds with one stone
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
Plan of using State capital must be realistic: NA
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 segment: Opportunity for leading market enterprises
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
Petrolimex targets 10% revenue growth in 2022
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