Jens Olaf Økland, Equinor’s senior vice president Why did Equinor choose now to open an office in Hanoi? We believe it is very timely to open an office now. Vietnam is one of the world’s fastest-growing economies and power markets. With its long coastline and favourable wind conditions, the country has among the best wind resources in Asia and a strong desire to develop an offshore wind market. The country is on a path to becoming net-zero and offshore wind can enable this transition. We believe Vietnam has a high potential to become an interesting growth market for offshore wind and have therefore opened a representative office in Hanoi. Vietnam has set ambitious targets for offshore wind both for 2030 and 2045 which would result in Vietnam being one of the top offshore wind markets globally. The end of the decade is not that far away and a lot of things still need to come into place, both on the regulatory side and for the industry, but this is also natural in the … [Read more...] about Equinor reaffirms entry in Vietnam’s offshore wind
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Vietnam should shift economic growth model for further development: WB report
An overview of the event to launch the report (Photo: WB) Hanoi (VNA) - For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says. The World Bank Group ’s Systematic Country Diagnostic Update , entitled "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation”, emphasises that Vietnam's traditional growth model faces major challenges from the COVID-19 pandemic, slowing globalisation, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. Vietnam’s GDP per capita has increased five fold over the past three … [Read more...] about Vietnam should shift economic growth model for further development: WB report
Late winner against Malaysia sends Việt Nam into SEA Games final
Timor Leste win 2nd medal, VN bag gold in 10,000m Hosts top Group A, Indonesia secures semifinal spot Indonesia, VN dominate rowing final day VN, Philippines win fencing golds Golden day in swimming for VN Tiến Linh takes off his shirt to celebrate as the whole Việt Trì stadium burst into joy after his only goal for Việt Nam. VNA/VNS Photo Peter Cowan PHÚ THỌ — Việt Nam left it late, but managed to defeat Malaysia 1-0 after extra time tonight in Phú Thọ Province to advance to the SEA Games men’s football final. Nguyễn Tiến Linh headed in the winner in the 110th minute to send Việt Nam U23s into Sunday’s final against bitter rivals Thailand. While his charges were far from convincing against a dogged Malaysian side, coach Park Hang-seo won’t care as he stands one win away from defending the coveted SEA Games crown. Park named his strongest side after resting several key players for the final match of … [Read more...] about Late winner against Malaysia sends Việt Nam into SEA Games final