Wind power system

Tran Quoc Pagoda. Source: dothi Visiting a pagoda and worship in pagoda were never before of my interest, confided Tran Lan Anh, an employee of a privately-run company in Hanoi. It has changed. “I got accustomed to worshipping at pagodas with my mother in law,” the 35-year-old Hanoian said, elaborating that she now visits the Tran Quoc pagoda, perhaps the most ancient pagoda in Vietnam, on every first and fifteenth day of the lunar months. “Now, when an occasion comes around, I bring flowers, fruits and joss sticks for the Buddha to pray for peace and happiness for my family,” she said. Unlike Anh, many Vietnamese people do not visit pagodas on a regular basis but still take refuge in the Buddha, the Dharma and in the Sangha. For them, and Buddhist followers alike, burning incense dedicated to the Buddha and praying for peace are common practices. Only when visiting a pagoda, can one feel peace and tranquility, free from the hustle and bustle of everyday … [Read more...] about Buddhism in Vietnamese people’s spiritual lives

PANO – The atmosphere in Studio S9 of Vietnam Television, where the TV programme “Truong Sa (Spratlys) Spring 2013” broadcast live took place, was so warm despite the cold of Hanoi’s winter. In the center of the Capital City, audiences could feel spring’s atmosphere in Truong Sa via dances, songs and direct exchanges with troops and people living in Truong Sa, the Fatherland’s farthest place. The programme “Truong Sa Spring 2013” was held on the evening of January 5 th by the Communist Party Electronic Newspaper, Vietnam Television Magazine and Press Department under the instruction of the Central Commission of Information and Education, Ministry of Information and Communication and Vietnam Television. The programme aimed to honour the soldiers, who protect national sovereignty over the Fatherland’s seas and islands day and night on remote islands or at high sea, as well as highlight close ties between people and military. Present at the programme were Member of … [Read more...] about “Truong Sa Spring 2013” brings love to Truong Sa

SmartPay has just supported around $8.7 million for Vietnamese small- and medium-sized businesses (SMEs), while other e-wallets focused on incentives to end-users. Why did SmartPay favour this group of customers? Marek Forysiak, chairman of SmartPay Since its establishment, SmartPay has chosen a different mission and direction to accompany the prosperous development of millions of Vietnamese small businesses. Until now, SmartPay is still the first and only payment platform to invest in and support retail merchants who are being neglected in the process of digitalisation. Retailers now account for nearly 30 per cent of SmartPay’s frequent customer base – that is nearly 600,000 retailers of around two million users – more than other e-wallets. Offering interest-free credit lines through an e-wallet platform is also associated with SmartPay’s distinct competitive advantage in the vibrant digital payment market. During the process, SmartPay continuously surveys and … [Read more...] about Creating distinct and vibrant digital payment alternatives

Photo shows Vincom Centre Tran Duy Hung in Ha Noi. The shopping mall operator Vincom Retail shares (VRE) soared 7 per cent on Tuesday. — VNA/VNS Photo Vietnamese shares on Tuesday reclaimed ground lost in the previous day's sharp sell-off as large-caps were picked up by bargain-hunters. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 2.77 per cent to close at 1,479.58 points. The index had lost 2.25 per cent, to close Monday at 1,439.71 points. The market's breadth was positive with the number of gainers doubled the number of losers by 304 to 105. On HoSE, investors poured over VND22.2 trillion (US$980 million) into the market, equivalent to a trading volume of nearly 751 million shares. The VN30-Index, tracking the 30 biggest stocks on HoSE, gained 3.05 per cent, to 1,516.16 points. Of the VN30 basket, 28 stocks rose to cushion the market, while one declined and another closed flat. The rally continued on the Vietnamese stock market as purchase power … [Read more...] about Shares reclaim losses on bargain-hunting

Electricity market revamp on cards The Electricity Regulatory Authority of Vietnam (ERAV) is finalising its report to the prime minister about planned direct power purchase agreements (DPPA) – a mechanism to allow renewable energy producers to sell electricity directly to end-users, as Nguyen Anh Tuan, director of the authority said on January 18. The DPPA mechanism, if implemented, will be the first step in the development of the electricity retail market, allowing renewable energy generators with a capacity greater than 30MW to sell to customers for industrial production purposes. Parties can negotiate and agree on purchase and sale prices through long-term contracts if the scale of their deal is not exceeding 1,000MW. Since 2012, the electricity market has contributed to increasing transparency in mobilising power plants, creating a competitive environment, enhancing the initiative of market participants, and gradually abolishing the monopoly in the industry. The success … [Read more...] about Electricity market revamp on cards

A solar power project invested by Nami Solar in Bau Bang Industrial Park, Binh Duong The two partners entered a joint development agreement in December, forming a venture producing 250MWp of rooftop solar installations, with a total investment of around $200 million over the next few years. The partnership will serve as a platform to further support SK ecoplant's aspirations of becoming a major global investor in renewable energy. The joint venture will help Nami Solar move one major step closer to its vision of becoming a leading distributed solar company in Vietnam. The Vietnamese and South Korean governments have placed climate change action plans and green growth high on their respective agendas. In October, South Korea committed to slashing its emissions to 40 per cent of their 2018 level by 2030. Vietnam has reiterated its commitment to reach net zero by 2050. In July, SK Group revealed its net zero roadmap, aiming to reduce its carbon emissions by half within a … [Read more...] about SK ecoplant and Nami Solar launch joint venture to invest in Vietnam’s distributed solar sector

JSCCIB Chairman Supant Mongkolsuthree (Photo: www.bangkokpost.com) Bangkok (VNA) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year. The Bangkok Post quoted JSCCIB Chairman Supant Mongkolsuthree as saying that even the Thai government’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may not be enough to restore the domestic economy. Exports appear to have a positive outlook as the group believes they will grow 5-7 percent, up from its 4-6 percent estimate. However, the JSCCIB has maintained its 1-2 percent inflation rate prediction. Supant, who is also chairman of the Federation of Thai Industries, said that as the third wave of COVID-19 remains volatile, economic recovery may take a long time as … [Read more...] about JSCCIB cuts Thailand’s GDP growth forecast