Since the end of 2018, the application of the hotline repair technology has brought many practical benefits and effects in repairing and maintaining the power system as it can manipulate directly on the grid without power cuts. The Hung Yen hotline repair team works on the grid Works on the grid have been actively and flexibly implemented by the Hung Yen hotline repair team, contributing to saving time, reducing incidents and minimizing power losses. It has also contributed to increasing labor productivity, enhancing power supply reliability and improving indicators in electricity access to meet the increasing demand of users, especially agencies and trade and production units. The Hung Yen hotline repair team currently has nine members, who were carefully recruited, meet health conditions and have high professional knowledge and good skills. To meet job requirements, they were sent to train at the request of the Northern Power Corporation under the Vietnam … [Read more...] about Hung Yen Power Company strives for reliable power supply
Six ministries, four localities see zero percent disbursement rate
The scene of the meeting. (Photo: SGGP) That is the information given by the Ministry of Finance at a conference with ministries, agencies, and localities on the disbursement of foreign-funded public investment capital in the first 11 months of 2022 and solutions to accelerate disbursement in the last months of 2022, taking place on the morning of December 1. The accumulated disbursement plan for public investment loans from foreign capital in 11 months reached 26.06 percent, with VND9.01 trillion. The disbursement of ministries and agencies was VND4.15 trillion, reaching 35.17 percent, and the disbursement of localities was VND4.86 trillion, reaching 21.34 percent. The disbursement rate of public investment from domestic capital was about 60 percent of the plan. By November 30, the Ministry of Finance had received a proposal to reduce the capital plan of eight out of 13 ministries and agencies with a total proposed decrease of VND3.68 trillion, not including VND250 billion of … [Read more...] about Six ministries, four localities see zero percent disbursement rate
Fuel prices down by over VND1,000 per liter
Domestic petrol prices drop along with a fall in global prices. Accordingly, the retail price of E5RON92 fell by VND992 to a maximum of VND21, 679 per liter, while RON95 was down VND1,083 to VND22,704 per liter. Kerosene and Mazut oil prices dropped by VND1,078 and VND832 to VND23,562 and VND13,953 per liter, respectively. Meanwhile, the price of diesel was reduced by VND1,588 to VND23,213. Although retail prices fell sharply, the ministries asked enterprises to make a contribution on a high level to the Fuel Price Stabilization Fund . Accordingly, the authorities set aside VND300 for every liter of E5RON92, VND400 for RON95, VND700 for Diesel, VND300 for Kerosene and VND500 for Mazut to finance the Fuel Price Stabilization Fund while not spending the fund for stabilizing fuel prices . By Van Phuc – Translated by Kim Khanh … [Read more...] about Fuel prices down by over VND1,000 per liter
Bank deposit interest rates still climb continuously
Illustrative image. (Photo: SGGP) From December 1, some commercial banks have continued to raise deposit interest rates sharply by more than 1 percent per annum compared to before. Specifically, VietCapital Bank continues to adjust deposit interest rates in some terms by 0.8-1.1 percent to the highest level of 9.5 percent per annum. This is the bank's third adjustment since September 2022. VietCapital Bank increased the deposit interest rates for six and 12-month terms from 7.6 percent and 8.2 percent per annum to 8.4 percent and 9.2 percent per annum. Meanwhile, long-term deposits of 18, 24, 36, 48, and 60 months have risen to 9.4 percent per annum. Especially, if depositing money online, customers will receive an interest rate of 8.8 percent per annum for a six-month term, 9.4 percent per annum for a 12-month term, and 9.5 percent per annum for a 24-month term. It is also the highest interest rate at VietCapital Bank applied to personal deposits. Not only increases interest … [Read more...] about Bank deposit interest rates still climb continuously
Additional 3,500 train tickets to be offered for Tet holiday
The Saigon Railway Transport Joint Stock Company will offer 3,500 more train tickets to meet the strong travel demand during Tet holidays. The additional tickets will be for the routes, including HCMC-Quy Nhon, HCMC-Hanoi on January 11-12, 2023 and HCMC- Quang Ngai on January 13, 2023. The company continues to offer special promotional programs for people under the preferential treatment policy, including Vietnamese heroic mothers, war veterans, wounded soldiers, disabled people, the elderly, children, members of trade unions, and passengers with membership cards; and provide a five- percent discount for passengers who buy return tickets and a discount of 20 percent to students. Some 65,000 seats are available, including 17,000 for trips from HCMC to Hanoi before Tet, mainly to train stations on this line consisting of Phan Thiet, Nha Trang; Quang Ngai before January 15; Tuy Hoa on January 12,13,20,21. Meanwhile, the trains from Hanoi to HCMC still have more than 48,000 … [Read more...] about Additional 3,500 train tickets to be offered for Tet holiday
Vietnam has opportunity for energy transition towards green growth
Vietnam Wind Power (VWP) is an official industry event organized by the GWEC since 2018. It provides a platform for the Government and the industry to discuss pressing issues around the development of wind energy in Vietnam. Pham Nguyen Hung, Deputy Director of the General Electricity and Renewable Energy Authority at the Ministry of Industry and Trade, said the Vietnamese Government has adopted various policies and mechanisms to facilitate renewable energy development. As of the end of 2021, Vietnam’s total installed capacity of renewables reached 20.7 GW, accounting for over 27% of the accumulative installed capacity of the electricity system, making Vietnam a leading country in this regard. The percentage is expected to hit 59% by 2050. Renewable power, especially wind power, both onshore and offshore, is forecast to grow strongly, serving as a foundation to ensure national energy security in the long term, Hung said. He emphasized that developing wind power, particularly … [Read more...] about Vietnam has opportunity for energy transition towards green growth
