Deputy PM Trinh Dinh Dung and AES Executive Vice President Bernerd Da Santos - Image: VGP At a reception for Bernerd Da Santos, Executive Vice President and Chief Operating Officer of the US power company AES, Deputy PM Dung said he highly valued its construction and operation of the Mong Duong II Power Plant. He also appreciated AES’s proposal for cooperation in developing energy and power sources, noting that Vietnam’s demand for electricity to power its production and development is growing and requires huge investment and advanced technology to meet environmental protection standards. Deputy PM Dung stated that thermal energy will play a major role in Vietnam’s power structure since most of the hydropower resources have already been tapped. Coal-fired power projects require the use of advanced and environmentally friendly technologies so as not to affect the lives of residents near these plants, said Dung. At the meeting, the Deputy PM also confirmed that … [Read more...] about Vietnam encourages investment in power generation: Deputy PM
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Deputy PM receives Mitsubishi executive VP
Deputy Prime Minister Vương Đình Huệ (r) receives Hiroshi Sakuma, Executive Vice President at Japan’s Mitsubishi Corporation yesterday. — Photo VGP HÀ NỘI — Deputy Prime Minister Vương Đình Huệ hosted a reception for Hiroshi Sakuma, Executive Vice President at Japan’s Mitsubishi Corporation yesterday. Hiroshi Sakuma affirmed that Mitsubishi was investing in two BOT thermal power projects in Việt Nam: Vũng Áng 2 with a designed capacity of 1,200MW and Vĩnh Tân 3 with a designed capacity of 1,980MW. Việt Nam’s Ministry of Industry and Trade and Mitsubishi signed an investment agreement in early 2017, including land lease and power purchase contracts. Mitsubishi expected that the Vietnamese Government would soon resolve bottlenecks related to tax incentives in order to put the projects into operation, thus increasing the … [Read more...] about Deputy PM receives Mitsubishi executive VP
Deputy PM receives Mitsubishi Corp.’s executive vice president
Deputy Prime Minister Vuong Dinh Hue (R) receives Executive Vice President at Japan’s Mitsubishi Corporation Hiroshi Sakuma (Source: : baochinhphu.vn) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue hosted a reception for Hiroshi Sakuma, Executive Vice President at Japan’s Mitsubishi Corporation, on August 29. Hiroshi Sakuma affirmed that Mitsubishi is investing in two BOT thermal power projects in Vietnam – Vung Ang 2 with a designed capacity of 1,200MW, and Vinh Tan 3 with a designed capacity of 1,980MW. Vietnam’s Ministry of Industry and Trade and Mitsubishi signed an investment agreement in early 2017, including land lease and power purchase contracts. Mitsubishi expects that the Vietnamese Government will soon resolve bottlenecks related to tax incentives in order to put the projects into operation, thus increasing the electricity supply capacity for the Vietnamese market, he said. In addition to these thermal power projects, … [Read more...] about Deputy PM receives Mitsubishi Corp.’s executive vice president
Deputy PM commends businesses’ role in national economy
Deputy Prime Minister Truong Hoa Binh. (Source: VNA) Hanoi (VNA) – Businesses, especially startups, play a very important role in creating new momentum for the national economy, said Deputy Prime Minister Truong Hoa Binh. Speaking at the sixth national congress of the Vietnam Young Entrepreneurs Association (VYEA) in Hanoi on August 28, Binh emphasised the need to push ahead with the startup campaign among youths, especially young intellectuals, in order to increase forces for the fourth Industrial Revolution. The Deputy PM urged the VYEA to promote its role in protecting legitimate rights and interests of startups and young entrepreneurs, and proposed guidelines and policies to the Party and State in order to create favourable conditions for young entrepreneurs to devote more to the nation. Startups and young entrepreneurs should improve their governance capacity, take the lead in innovation and the application of new and advanced technologies, raise productivity, quality … [Read more...] about Deputy PM commends businesses’ role in national economy
Deputy PM Minh pays tribute to late U.S. Senator John McCain
The deputy PM expressed his deepest condolences and sympathy to the U.S. government and Congress, as well as to the family of late Senator John McCain. In the funeral book, Deputy PM Minh wrote: “As for the Vietnamese Government and people, Senator John McCain has always been a symbol of the generations of parliamentarians and Viet Nam War veterans, and is a pioneer with significant contributions to healing the wounds left by the war, and normalizing and accelerating the Viet Nam-U.S. comprehensive partnership.” “We always treasure the efforts made by Senator John McCain in the construction and development of the Viet Nam-U.S. relations over the past decades,” he said. May the senator rest in peace, Deputy PM Minh wrote, expecting McCain’s family to soon overcome such a great loss. Senator John McCain passed away at 4.28pm on August 25, 2018. … [Read more...] about Deputy PM Minh pays tribute to late U.S. Senator John McCain