Gas prices adjusted for inflation

Under the proposed regulations, the fixed rates would only apply to projects that come online this year, which have already signed power purchase agreements and have begun construction before November 2019. The rates will apply for 20 years from the date each project comes into operation. … [Read more...] about New solar power prices not incentive enough: Finance Ministry

The project is invested by Singapore’s Delta Offshore Energy Pte, Ltd. Co. and its strategic investment partners are the US’s GE Group, Norway’s DNB Bank and other leading groups and enterprises in the world in various fields in the investment chain of the project. The project includes a power plant with a total designed capacity of 3,200 Megawatts (MW) covering an area of 40 hectares in Vinh Hau A Commune in Hoa Binh District. The total investment is expected to be around VND93.6 trillion, or US$4 billion. This is the largest foreign direct investment (FDI) project in the Mekong Delta in history. According to the plan, the investor has 12 months since the date of the investment registration certificate to finish the preparation of investment and 36 months to build an area to receive and store the LNG. The LNG gasification station, gas pipeline and the first stage of operation of gas turbines with a capacity of 750 MWs are expected to complete by the end of 2023; … [Read more...] about Bac Lieu grants permission to US$4 bln LNG-fired power plant

Jakarta (VNA) - Indonesia’s new capital city will contribute only an additional 0.02 percentage point to the country’s economic growth, and the impact will also be short lived, according to Institute for Development of Economics and Finance (Indef) research. … [Read more...] about Indonesia’s new capital city to contribute little to national economic growth

In the January-May period, Vietnam imported 470 million USD worth of fruit and vegetables, up 68.6 percent year on year. The vegetable import was estimated at 100 million USD, up 49 percent from 2016, while the imported fruit value was 353 million USD, up 75 percent. … [Read more...] about Fruit, vegetable exports hit 1.38 billion USD in 5 months

According to the Ministry of Agriculture and Rural Development (MARD), China, Japan, the US and the Republic of Korea were the leading markets of Vietnam. Meanwhile, the highest growth was seen in the Japanese market with 66.1 percent, the UAE was second at 58 percent and growth in China hit 53.1 percent. … [Read more...] about Vietnam earns nearly 210 million USD in October fruit, vegetable exports