Dien bien

In an aid package aimed at solving social security and employment issues, there is a package providing housing assistance worth VND 6.6 trillion (USD 282 million) for workers. However, the disbursement is lagging behind schedule due to numerous problems, while the deadline for receiving applications, August 15, has already passed, Khai noted at a meeting with ministries and sectors on August 17. Le Van Thanh, Deputy Minister of Labor, Invalids and Social Affairs, said 60 of the 63 provincial-level localities have submitted applications for assistance, excluding Lai Chau, Dien Bien and Cao Bang provinces which reportedly had no support applications. As of August 15, district-level People’s Committees nationwide had received applications from 85,736 businesses with over 3.93 million workers who sought more than VND 2.74 trillion in financial aid, equivalent to 42.27% of the planned assistance. The aid businesses applied for is lower than the initial estimates since the lists of … [Read more...] about Deputy PM demands workers’ rights, interests be guaranteed during aid package disbursement

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company