Administrative reform

3D image simulating 4 combined cycle gas turbines of Bac Lieu liquefied natural gas power plant. Photo: vnexpress.net Delta Offshore Energy Pte., Ltd., the investor of the $4 billion Bac Lieu liquefied natural gas-to-power (LNG) project in the Mekong Delta province of Bac Lieu, is urgently completing works so that construction will be kicked off on time as committed. The investor is both completing procedures with Vietnamese parties and negotiating with international partners to sign engineering, procurement, and construction contracts and other contract packages, while also negotiating with international financial organisations for capital arrangement. However, the investor of the LNG Bac Lieu project is facing difficulties in negotiating the power purchase agreement (PPA) as the relevant parties involved have yet to reach a compromise over the selling price of power and the power purchase volume. According to Delta Offshore, delays in reaching a compromise over these issues … [Read more...] about Task force to bump up project efficiency

Containers holding waste materials continue piling up at seaports due to COVID-19 Nguyen Anh Vu, director of Haiphong Maritime Administration, said that as of July 21, Haiphong has 2,708 containers waiting for use. The seaports and inland container depots (ICDs) with a large number of idle containers include ICD Nam Hai (over 1,200 containers), the Tan Vu port branch of Haiphong Seaport JSC (334 containers), and Dinh Vu Port (257 containers), among others. A leader of Nam Hai-Dinh Vu Port said that over 1,000 containers are waiting to be used at Nam Hai ICD that have been conveyed from Nam Hai-Dinh Vu Port. “They all contains old tyres which the owners refused to receive. Authorised agencies have completed the necessary procedures to hand them over to shipping lines for re-export outside Vietnam,” he said. In the south, as of July 23, Tan Cang-Cat Lai Seaport had a total of over 2,160 containers lying unutilised for 90 days while there were another 1,1000 containers of waste … [Read more...] about Paradox: Thousands of containers idle at seaports amid severe shortage for delivery

MoF suggests reducing trading board lot size from 100 to 10 on HSX The Ministry of Finance has suggested reducing the trading board lot size from 100 to 10 and providing favourable conditions for companies to list again on the Ho Chi Minh City Stock Exchange. Specifically, from July 5, the fresh trading system of the Ho Chi Minh City Stock Exchange (HSX) has officially been put into operation. According to the MoF, the congestion has been basically addressed, stabilising market sentiment, and demonstrating the drastic direction and management of the MoF. To further strengthen the role of securities market management and administration, the MoF required the SSC to follow the below nofitications: (1) Directing both local and foreign-invested securities companies, especially those holding large market shares to report on their technical system infrastructure in a bid to ensure stable and smooth trading. (2) Reviewing the new trading system. Moreover, HSX is encouraged to … [Read more...] about VIETNAM BUSINESS NEWS JULY 28