Former minister of industry and trade vu huy hoang

All state firms should further shift their investment activities towards using green technology with lower carbon emission levels. The Vietnamese Government sets a target of having at least 10 state-owned enterprises (SOEs) with a market capitalization of over US$5 billion and around 25 with around $1 billion in the next five years. Production at Ca Mau Fertilizer Plant. Photo: Hoang Anh The goal was set in a Government resolution No.68 signed by Deputy Prime Minister Le Minh Khai on enhancing efficiency in the management of state resources at SOEs. For the next five years, major state corporations are expected to increase their contribution to the state budget by 5-10% compared to the 2016-2020 period. “All state firms should further shift their investment activities towards projects using green technology with lower carbon emission levels,” it noted. Under the resolution, the Government urged ministries and agencies to continue channeling SOEs’ … [Read more...] about Vietnam targets to have 10 SOEs with over US$5-billion market cap by 2025

Prime Minister Pham Minh Chinh (R) presents a souvenir to Ambassador Dang Hoang Giang, head of the Permanent Delegation of Vietnam to the United Nations. (Photo: VNA) He made the request during a working meeting visit with the Permanent Delegation of Vietnam to the United Nations (UN) as part of his trip to the US. These above-mentioned issues require a global approach, calling for the cooperation of countries and multilateralism, of which the most important mechanism is the UN, the PM said. At the same time, the mission should strictly follow the foreign policy of independence, for peace, friendship, cooperation and development, multilateralisation and diversification of external relations. According to the PM, it is essential to have deep knowledge on the role of the UN and the role of Vietnam in the UN. He asked the delegation to continue to further review the country’s experience during the two tenures serving as a non-permanent member in the UN Security Council. He also … [Read more...] about PM meets Permanent Delegation of Vietnam to UN

GE's 9HA turbine promises higher combined-cycle efficiency GE on May 16 announced that it secured an order from Samsung C&T Corporation, the leader of the engineering, procurement, and construction consortium that will provide power generation equipment for PV Power’s Nhon Trach 3 & 4 Power Plant in Ong Keo Industrial Park in the Nhon Trach district. The project marks GE’s first H-Class gas turbine order in Vietnam. Once in commercial operation in 2025, Nhon Trach 3 & 4 are expected to deliver over 1.6GW of electricity and will be the first power plants fueled by LNG in the country. In addition, on May 11, an MoU to improve the efficiency of the existing Nhon Trach 1 power plant and develop long-term cooperation on the maintenance for Nhon Trach 3 & 4 was signed and exchanged between GE and PV Power in the presence of Prime Minister Pham Minh Chinh during his visit to Washington DC. Vietnam is currently heavily reliant on coal which fuels around a third of … [Read more...] about GE secures first 9HA combined cycle power plant in Vietnam

Prime Ministe Pham Minh Chinh addresses the Centre for Strategic and International Studies ( CSIS ) in Washington D.C. (Photo: VNA) Washington D.C. (VNA) – Prime Ministe Pham Minh Chinh has delivered a speech at the Centre for Strategic and International Studies (CSIS) in Washington D.C. during his ongoing working trip to US. The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C

Textile is one of the key export products of Vietnam (Photo: SGGP) Representative of Villalobos Modas Company (Brazil) Sergio Arevalo said that South America in general and especially Brazil, in particular, is a potential market for exporting textiles, footwear, and handbags from Vietnam. For instance, Brazil - the largest consumer market with a population of up to 200 million people, on average, each year imports more than US$236 billion value of goods and 30 percent of which comes from Asia including Vietnam. According to the statistics of the General Department of Vietnam Customs, three groups of most exports to the Brazilian market since the beginning of the year include footwear of all kinds with $33.18 million, textiles reaching $12.73 million, and bags, wallets, suitcases, hats, umbrellas achieving $3.33 million. Unlike Brazil and South America in general, the Indian market is considered to be a very potential one for tea and coffee exporters. Mr. Bui Trung Thuong, … [Read more...] about Vietnamese goods displayed in over 200 countries and territories

Dong Thap is proud to offer hundreds of local products to the wider world. According to Pham Thien Nghia, Chairman of Dong Thap People’s Committee, the event will be held provincewide to promote the cultural identity of Dong Thap people and honour lotus flowers, as well as promote cultural and economic values for products made from Dong Thap lotus plants. The festival, titled “The New Day Lotus”, is also aimed at enhancing lotus farming in association with tourism development. This will help the province build its image and develop local products to attract more tourists and contribute to local socioeconomic development. According to the organisers, the festival will feature a variety of cultural and tourist activities, including art programmes, a workshop on improving the value chain of Dong Thap products, and a “Lotus in Me” art performance. There will also be networking activities to honour excellent lotus growers, processors, and producers. In addition will be an … [Read more...] about Lotus Festival elevates status of Dong Thap province