Coal-exporting Vietnam to import coal Trung Chanh By Trung Chanh - The Saigon Times Daily CAN THO – A coal undersupply is looming large given the rapid development of thermo-power plants and the slow construction of renewable energy projects. Speaking at a seminar on sustainable energy development in the Mekong Delta region in Can Tho on Tuesday, Tran Dinh Sinh, deputy director of the Green Innovation and Development Center (GreenID), said Vietnam currently has 14 coal-fired power plants and some 57 more plants will go up in the coming time. Nine of the planned coal-fired projects will be invested by Vietnam Electricity Group (EVN), six projects by each of Vietnam National Oil and Gas Group (PetroVietnam) and Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin), four by private and foreign enterprises, and 14 by build-operate-transfer (BOT) investors. The remaining 18 projects are awaiting investors. Under the nation’s Power Master Plan VII, … [Read more...] about Coal-exporting Vietnam to import coal
Even though Vietnam is an agricultural country with 80 percent of its population living in rural areas, the Southeast Asian country spends several billion dollars every year importing agricultural products. Even though Vietnam is an agricultural country with 80 percent of its population living in rural areas, the Southeast Asian country spends several billion dollars every year importing agricultural products. Statistics show that the Vietnamese have been importing peanuts for several years, primarily from India, Senegal, and China. According to numbers from the General Department of Vietnam Customs, Vietnam has imported 12,000 metric tons of peanuts over the last six months. In 2015, Vietnam imported 35,000 metric tons, a 146 percent increase compared to 23,000 metric tons in 2014. Surprisingly, China has been Vietnam’s number-one source of peanut imports in the last three years, but peanuts are still being exported the other way round every harvest season. The price of … [Read more...] about Agriculture-exporting Vietnam still relies heavily on imports
Traders and roasters are stocking up ahead of a projected shortfall in global output this year. The world's largest exporter of robusta coffee Vietnam could fall short of the bitter beans in the next two to three months due to rising shipments and dwindling domestic stocks, top exporter Intimex said on Tuesday. A smaller harvest is expected this year in export rival Indonesia and falling shipments in recent months from top producer Brazil have prompted trading firms and roasters around the world to stock up to intercept the shortfall in Vietnam, traders said. "In May or June Vietnam will be short (of supply), given it has been actively exporting recently," Do Ha Nam, general director of Ho Chi Minh City-based Intimex, told VnExpress International. Intimex is Vietnam's biggest coffee export company, accounting for about 30 percent of the country's total shipments. Nam's view of the shortfall is in line with a projection made on Monday by Luong Van Tu, chairman of the Vietnam … [Read more...] about Top robusta exporter Vietnam may face coffee drain in May-June – Intimex
Vietnamese companies have so far this year signed contracts to export 5.6 million tons of rice, up 66.6% against the same period last year, according to the Vietnam Food Association (VFA). Of the figure, nearly 4.49 million tons worth over US$2 billion, CIF, had been delivered by August 31, up 41.9% in volume and 6.2% in value on-year, the association said. Export price of Vietnamese rice was US$408.6 per ton on average during the period. Analysts believe that domestic enterprises can ship six million tons of rice abroad this year thanks to bumper crops. Vietnam, the world's second largest rice exporter after Thailand, exported 4.6 million tons of rice valued at US$2.9 billion in 2008. (Labor) … [Read more...] about 5.6M Tons of Rice Contracted for Exports: Vietnam Food Assoc.
During a lengthy conservation with reporters, Minh talked about the so-called ‘education asylum’ which is occurring in Vietnam. He cited a report as saying that Vietnam has 110,000-125,000 students studying overseas, and that Vietnamese spend $3 billion a year to fund their children’s overseas study. Meanwhile, only 3,000 foreign students are studying in Vietnam. “If considering education as an economy, one can see that Vietnam is incurring a trade deficit in education,” he said. The total number of students in Vietnam is 2.4 million and the total amount of money Vietnam has to spend every year to train students is $1.7-2 billion. “This means that the domestic piece of cake is smaller than the overseas piece of cake,” he said, adding that this shows that Vietnam’s education market cannot satisfy Vietnamese demands. Minh, as an education expert, has given warnings about Vietnam’s university education. He said if Vietnam’s … [Read more...] about FPT rector cherishes dream of “exporting” Vietnam’s education