The contract was inked with a joint venture between Viet Nam’s Song Da Corporation and Nepal’s Kalika Group. — Photo evn.com.vn Viet Nam’s Power Engineering Consulting Company 1 (PECC1) on Monday signed a contract to provide assessment and design services to Tanahu hydropower project in Nepal. The contract was inked with a joint venture between Viet Nam’s Song Da Corporation and Nepal’s Kalika Group. The Tanahu project aims to meet power demand particularly during dry winter months, minimise fossil fuel-based power generation, stabilise Nepal's electricity supply system, and reduce transmission losses. Under the freshly signed deal, PECC1 will update and assess hydrometeorological conditions; and perform technical design and construction drawing for a series of items, including a 140m concrete dam, the highest of its kind in Nepal to date, and a spillway to discharge flood water. Speaking at the ceremony, PECC1 General Director Nguyen Huu Chinh said the event marks a … [Read more...] about Viet Nam’s power company seals contract for hydropower project in Nepal
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Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20
Online platforms will help Vietnamese businesses expand their foothold in the foreign market. Vietnamese furniture exporters have been grasping opportunities to expand their foothold in the foreign market as the country is a member of multiple trade deals including the CPTPP and EVFTA, being emerged as an attractive alternative option. Making wooden products in a facility in Ung Hoa District, Hanoi. Photo: Cong Hung Insiders have said that the challenges are huge, but the opportunities since the pandemic have been pushing major buyers in Europe, the US, or Japan to look beyond China. Local firms, however, would not be able to grasp such opportunities if they are unable to approach customers during the pandemic. Taking furniture to online platforms While the Covid-19 pandemic has been causing tremendous hardship for businesses over the world, the combination of traditional and online selling channels is expected to open the door for Vietnam’s wood … [Read more...] about Vietnam’s wood industry strives to extend its reach globally
An MRC press release said Tuesday that a major joint study undertaken by all the six Mekong riparian countries will examine changes in hydrological conditions found in the Mekong River Basin. The study was approved at a virtual meeting of the Mekong River Commission (MRC) and its Dialogue Partners. The annual 25th Dialogue Partners meeting on September 17 was attended by MRC members Cambodia, Laos, Thailand and Vietnam as well as representatives from China and Myanmar. The joint study's approval followed an earlier green light by the MRC Joint Committee and Joint Working Group of Lancang-Mekong Cooperation (LMC) Water Center on Lancang-Mekong Water Resources Cooperation. Phonepaseuth Phouliphanh, Acting Chairperson of the MRC Joint Committee for 2021, said the need for the joint study was underscored by the Mekong River Basin’s increasing propensity for floods and droughts, which have been attributed to adverse changes in climate and water infrastructure. He said the study … [Read more...] about China joins study of Mekong River hydrological changes
After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam? On September 21, The Sherpa, a subsidiary of Masan Group Corporation, announced an investment of $13 million to acquire a 70-per-cent stake in mobile virtual network operator (MVNO) Mobicast and officially expand to the telecommunications sector. This is Masan's first step into the digital services sector. Mobicast's services target tech-savvy customers with great demand for data usage and digital lifestyle. As a result, the startup can help Masan to complete its offline-to-online offerings of necessities and financial services. An MVNO offers a fast and cost-efficient system to build transmission and reception network infrastructure. Besides this, an MVNO is considered a catalyst for competition in the mobile telecommunications market. MVNO players will develop value-added services on mobile devices, helping to improve quality and diversify experiences. It is estimated that necessities … [Read more...] about After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam?
The inevitable thirst for talents in digital transformation is everyone’s business According to a 2018 survey of the International Data Corporation, the digital transformation is a must-have keyword in the development strategy of many businesses. Along with that, the pandemic has become a catalyst forcing enterprises to step up their digital transforming applications as they had no other choices but to work, connect, and manage their workforces remotely. Numerous companies have reshaped their operations by implementing technology in every department and getting used to the online data system to cope with this new reality. However, some people missed a crux of the whole problem – the pressure upon the IT department, in which the software and system developers play a vital role in the smooth operation of businesses during the digital transformation. That leads to escalation in the already high demand for talents in this field, turning it into a talent thirst in the HR system. … [Read more...] about Navigating the acute talent shortage for digital transformation