The country maintains a reserve of 370,000 cubic meters, which translates into 6.5 days’ consumption, and this is too low, it said in a recent report. The fuel is kept at 24 locations by the country’s biggest fuel distributors since the government does not have its own storage. For the last five years Vietnam has never needed to use this reserve, but the ministry cautioned about unpredictable and urgent regional and global developments. It wants to quadruple the reserve into a month’s requirement by 2025. Fuel distributors are required to maintain stocks to meet 20 days’ demand. But in January-February this year, when one of the country’s two refineries had to cut production due to a cash crunch, they were not maintaining the 20-day supply and this led to a shortage in the market, the ministry said. Gasoline prices surged by nearly 38 percent for the year by June to VND32,870 ($1.40) per liter. It has now dropped to the same level as in January, VND24,660. … [Read more...] about Fuel reserve too small for safety: industry ministry
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Hanoi to spend nearly $3.9ml on overseas training for public officials
The capital city will give priority to young cadres or female cadres. Hanoi has made a plan to spend nearly VND90 billion (US$3.9 million) to train public servants in developed countries, according to the municipal People’s Committee. The committee said early this week that its overseas training project will focus on refreshing and enhancing professional knowledge and skills for around 500 cadres, civil servants, and public employees from the city’s six departments during the 2022-25 period. These departments need to make detailed plans for their qualified employees to take such refresher courses in Australia, Germany, France, Japan, New Zealand, Singapore, the US and among others, the committee added. It noted that the training courses are expected to upskill Hanoi’s employees, thereby strengthening their work effectiveness and contributing to the capital city’s management efficiency. A staff guides a local resident administrative documents at an office … [Read more...] about Hanoi to spend nearly $3.9ml on overseas training for public officials
Air passengers reach record number, delays and cancellations increase
As of increasing passengers in July, 41 flights are cancelled due to technical factors and late flights. The on-time rate of flights was only 81 per cent out of the total of more than 33,200 flights. — Photo cafef.vn The number of air passengers reached nearly 12 million, an increase of more than 40 per cent in July compared to pre-COVID, said the Civil Aviation Administration of Viet Nam (CAAV). Along with a sharp increase in the number of passengers, flight cancellations and delays also increased rapidly, partly due to subjective errors from airlines, adding the local airports served, of which domestic passengers flew more than 10.5 million times, an increase of nearly 6 per cent compared to June. CAAV said flight delays and cancellations in the past month had increased dramatically many times, causing frustration in public and affecting the quality of aviation services. The matter was partly due to many bottlenecks in the airport infrastructure and unusual weather, said … [Read more...] about Air passengers reach record number, delays and cancellations increase