Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade. Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade, spoke with Vietnam News Agency about the implementation of the national power development master plan in 2021-2030 (or Power Development Master Plan 8). Prime Minister Nguyễn Xuân Phúc has assigned the Ministry of Industry and Trade to formulate the master plan for energy and power development in the 2021-2030 period. Could you tell us about the implementation of the draft scheme on the master plan? The Government has approved the scheme for power development master plan 8, which was submitted by the ministry. The ministry is still awaiting the official decision signed by the Government. The deadline for … [Read more...] about Power Development Master Plan 8 focuses on renewable energy
Focus
Maker of horror movies has local focus
Bắc Kim Thang and Cha Ma are two upcoming horror films. Photo courtesy of thanhnien.vn Young director Trần Hữu Tấn, who is making a psychological thriller inspired by a Vietnamese folk song called Bắc Kim Thang has sparked excitement among horror film enthusiasts. Similar to other countries, Việt Nam has its signature folk stories, songs and poems that are popular among horror filmmakers. With his new film, Tấn hopes that it will become a shining example for the horror genre in Việt Nam. “When it comes to horror movies from Thailand, South Korea and the US, audiences instantly picture how those plots are going to be,” he said. “Since the Vietnamese horror genre has yet to stand out, my team and I hope to create signature, mysterious images that can’t be mistaken with foreign horror movies,” he added. … [Read more...] about Maker of horror movies has local focus
RoK banks focus more on Vietnam for impressive growth
Korean commercial banks are showing a steady growth in Vietnam (Photo: vietnambiz.vn) Hanoi (VNS/VNA) – The Republic of Korea’s banks are focusing more on Vietnam as the market emerges as a major source of earnings for them amid their slowdown from China. RoK banks are seeing their earnings in China decrease due to the prolonged trade between China and the US and the slowdown in economic growth rates. However, they are showing higher profits in the Southeast Asian region, including Vietnam, thanks to the RoK government’s New Southern Policy, the Business Korea newspaper reported. Korean commercial banks are showing a steady growth in Vietnam. Their net profits in Vietnam came to 131.80 million USD in 2018, showing a 116 percent rise (70.80 million USD) from 61 million USD in 2017, according to the data from the Financial Supervisory Service (FSS). Woori Bank Vietnam also saw its net profits surge 130 percent year-on-year to 8.17 billion won (6.83 … [Read more...] about RoK banks focus more on Vietnam for impressive growth
Da Nang focuses on turning tourism into spearhead economic sector
A view of Da Nang beach (Photo: VNA) Da Nang (VNA) – Together with hi-tech industry and sea-based economy, the central city of Da Nang has worked to make tourism one of its spearhead economic sectors, as set by a Politburo resolution. According to Vo Cong Tri, Deputy Secretary of the municipal Party Committee, to this end, Da Nang will continue strengthening communications to enhance public awareness of preserving a good tourism environment and boosting the sector’s sustainable growth. The city will hold training courses on tourism for the community, while encouraging locals and tourists to implement the Code of Conduct on tourism. Meanwhile, the city will inspect and handle violations in tourism activities, while ensuring security and safety for tourists and protecting the sea environment from pollution. The city will create a favourable investment environment, while calling for investment to sea-based tourism clusters, new beaches and high quality resorts and … [Read more...] about Da Nang focuses on turning tourism into spearhead economic sector
Schools need to focus on entrepreneurship: official
A discussion panel at the Vietnam Business Summit 2019 taking place in Ha Noi on Wednesday. Participants agree technologies will be vital for the development of local enterprises. — VNA/VNS Photo Tran Viet Entrepreneurship has been ignored by schools and young people in Viet Nam for too long, Deputy Minister of Science and Technology Bui The Duy has said. Speaking during a discussion panel at the Viet Nam Business Summit 2019 on Wednesday, Duy said the Vietnamese start-up community, which numbers about 3,000 firms, is still far behind the world in terms of development. He said small companies should focus on absorbing technologies and applications from global players as a firm foundation of future development. “We should not be so optimistic about Viet Nam’s start-up fairy tales because all rapidly-growing companies operate upon the build-up of inventions and applications,” Duy said. “Vietnamese firms have been copying the world and we have hardly had … [Read more...] about Schools need to focus on entrepreneurship: official