INDUSTRY

The Hanoitimes - Vietnam is aware of environment impacts from coal power but it struggles to ensure energy security. A latest report by the Center for Media and Development Initiatives (MDI) – a not-for-profit organization dedicated to initiate and accelerate media and development initiatives in Vietnam and Southeast Asia – has provided an overall look on Vietnam’s energy sector.    A coal power plant in Vietnam The report provides lots of data in all power sources which are available in Vietnam as well as concerns for each section. Coal-fired power This kind of energy takes the lead in power sources in Vietnam with 38.1% or 18,516 MW of the country’s total capacity in 2018. Capacity of coal power surged 84% from 2.7 GW in 2010 to 17 GW in 2017. The figure is estimated to rise to 43% by 2030 with additional 43 GW.  Input: to feed the operation of coal-fired power plants, Vietnam National Coal-Mineral Industries Holding Corp … [Read more...] about Overview on Vietnam’s energy: coal-fired power

The Hanoitimes - Authorities said importing power is a temporary solution only. Vietnam PM demands no power shortage at all cost Vietnam’s Ministry of Industry and Trade (MOIT) said at a meeting on July 17 that it plans to import more electricity from neighboring countries of Laos and China to feed domestic consumption, which posts double-digit growth annually.    Vietnamese minister of Industry and Trade Tran Tuan Anh, at the meeting on July 17 discussing the power import. Photo: Tuoi Tre The temporary solution is that buying more electricity from Laos and China to meet the demand as the volume from saving is just about 5%-8% of the country's demand, VnExpress cited MOIT Deputy Minister Hoang Quoc Vuong as saying. He noted that this is only short-term solution while Vietnam speeds up its scale energy projects. The volume to be bought from Laos might reach 1,000 MW by 2020, 3,000 MW in 2025, and 5,000 MW in 2030 which are signed by the two … [Read more...] about Vietnam considers buying more power from China, Laos

The Hanoitimes - All related agencies are required to facilitate the power generation to accommodate the economic growth. Power shortage may loom Vietnam in 2020 and coming years Vietnam seeks solutions for power shortage by 2020 Vietnam may face power shortage in 2019 due to thin coal supply: EVN PM: No power shortage in the medium term and long term Vietnam’s Prime Minister Nguyen Xuan Phuc on July 15 asked the Ministry of Industry and Trade (MOIT) and related parties to ensure sufficient power for economic development and domestic consumption.   Vietnamese Prime Minister Nguyen Xuan Phuc. Photo: VGP The ministry and the whole industry must fulfil the target at all cost as the power shortage vision may shadow Vietnam in 2022-2023 or in 2021 at the earliest, the government’s portal quoted the PM as saying.  For the national goal, Vietnam Electricity (EVN), the country’s sole power distributor, must play a crucial role in this process. … [Read more...] about Vietnam PM demands no power shortage at all cost

(VEN) - Vietnam has big plans for its support industry for the automobile sector, which require promotion of manufacturing value chains, investment, joint ventures and linkages. Deputy Minister of Industry and Trade Do Thang Hai (third from the right) visits Vietnam AutoExpo 2019 Much room for development At the opening ceremony of the 16th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2019) in Hanoi recently, Deputy Minister of Industry and Trade Do Thang Hai affirmed that the automobile industry in general and its support industry in particular still have much room to develop. Auto manufacturing and assembly businesses in Vietnam have built major factories such as Thaco Bus, Thaco-Mazda, Hyundai Thanh Cong and VinFast. In the first three months of 2019, 72,200 autos were manufactured/assembled in Vietnam, an increase of 22.3 percent compared with the first quarter of 2018. According to Vingroup Deputy General … [Read more...] about Ambition drives Vietnam’s auto support industry

Craft villages’ knowledge of legal regulations remains limited Vi Van Khai, Vice Chairman of the Advisory Council for Vietnam Craft Village Association (VCVA) recently recounted how a craft village enterprise signed a contract to export 1 million ceramic buffaloes to Japan for 1 USD each. However, the shipment was returned because the products were not identical in shape and size. Finally, the enterprise had to sell the goods for only 1/10 of the price. Most recently, handicraft products of an enterprise in Bac Ninh were returned from Japan due to impurities. Another enterprise in Hai Duong exporting bamboo and rattan products to the US market was even sued for imitating products from other enterprises. Bach Quoc Khang, Deputy Director of the VCVA Legal Consultation Center said there are still many shortcomings in the policies governing craft village operations while production facilities in craft villages themselves are not very active in studying relevant legal documents … [Read more...] about Association seeks to craft law for handicraft villages