National renewable energy laboratory

If the share sale is completed, the State holding in the group would be reduced to about 75 percent, said Dinh Viet Tien, chief of Petrolimex's Supervisory Board at its annual shareholders' meeting on May 26. This move is in line with the Petrolimex' equitis-ation plan approved by the Prime Minister in May, 2011, to raise its charter capital from 10.7 trillion VND (493.1 million USD) to 12.5 trillion VND (576 million USD). The Ministry of Industry and Trade represents State ownership in Petrolimex with a 95-percent stake. Petrolimex signed a memorandum on strategic co-operation with JX Nippon Oil and Energy last December. The group expects collaboration with the Japanese investor, who has strong financial capacity with 37 percent of market shares in Japan, will promote its financial situation and corporate governance. At the meeting, Petrolimex' executives also reported on business performance in 2014 and plans for this year. Ending September, 2014, the group still earned a profit … [Read more...] about Petrolimex to sell large stake to JX Nippon Oil & Energy

Hanoi (VNA) - The Department of Immigration is shutting offices for the foreseeable future, but foreigners needing visa renewals should not be overly concerned. As the nation ‘stays at home’ to avoid the spread of COVID-19, the department office will close from April 2 until further notice, according to a source from the department. However, if a visa belonging to any foreigner staying in Vietnam right now expires while their offices are closed, the holder will not be penalised. Instead, visas can be renewed when the office reopens. No date for the reopening has been confirmed as it depends on the COVID-19 pandemic situation, the source said./. … [Read more...] about Foreigners not penalised for overstaying during national social distancing

Unilever Vietnam has also been implementing its own ‘Zero Waste to Nature’ initiative. “In Ho Chi Minh City, we have established a sustainable business model for collecting and recycling based on Solvolysis technology with CITENCO, as an example for scaling up nationwide in a later stage, and in preparation for the establishment of a Solvolysis technology waste treatment factory in 2020,” said Unilever Vietnam’s chairwoman Nguyen Thi Bich Van. … [Read more...] about Global powerhouses to back circular economy

Hanoi (VNA) -  The US Government has provided about 18.3 million USD in emergency medical and humanitarian assistance for ASEAN member countries, including Vietnam, since the COVID-19 outbreak, said the US Embassy in Vietnam on April 1. This funding aims to support the preparation of large-scale laboratories for SARS-CoV-2 testing; infection prevention and control; risk communication; the implementation of emergency public health plans for entry points at the border; and the launch of case detection and event-based surveillance for influenza-like diseases. It also help train quick response teams and update training materials for health workers. For Vietnam, nearly 3 million USD in medical assistance will help the Government prepare a laboratory system, launch case detection and event-based surveillance, assist technical experts in response and preparation, boost risk communication; and prevent and control infection, among others. Over the past 20 years, the US has provided … [Read more...] about US supports Vietnam, ASEAN countries in COVID-19 fight

The MoIT would require EVN to recalculate electricity costs in 2020, especially those in the last 10 months with updated input such as coal prices, oil and gas, foreign exchange rates, and power capacity at hydropower and thermopower plants and renewable energy plants. —VNS … [Read more...] about MoIT proposes 10% cut to power bills