Nguyen xuan phuc

The Vietnamese government gives priority to the Vietnam – Japan strategic partnership.  Overview of the meeting. Source: VGP.  A delegation of 1,000 Japanese state officials and enterprises led by Secretary General of the Liberal Democratic Party (LDP) and Chairman of the Japan – Vietnam Friendship Parliamentary Alliance Nikai Toshihiro would visit Vietnam in January 2020. They are scheduled to meet Vietnamese state agencies, the National Assembly and the business community in Da Nang, presenting an opportunity for the two countries to tighten relation, said Takebe Tsutomu, special advisor to the Japan – Vietnam Friendship Parliamentary Alliance in a meeting with Deputy Prime Minister Vuong Dinh Hue on November 18. Japan’s ODA to Vietnam has been increasing strongly following meetings between Prime Minister Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe in Japan and Thailand recently, said Tsutomu. Tsutomu expected support from the … [Read more...] about 1,000 Japanese officials, enterprises to visit Vietnam early 2020

Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade.   US Secretary of Commerce Wilbur Ross and Vietnam's Prime Minister Nguyen Xuan Phuc in Hanoi on November 8. Photo: The US Embassy in Hanoi Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade. A number of American companies are investing in the Vietnamese LNG market as a strategy to catch up with Vietnam’s energy transition and a way to help balance trade between the two countries. Virginia-based AES signed an MOU with the Ministry of Industry and Trade to solidify cooperation on the Son My 2 Combined Cycle Gas Turbine (CCGT) Power Plant which costs an investment of US$1.7 billion. The power plant is expected to begin commercial operations in 2024. Together with the US$1.4 billion Son My LNG import terminal, AES’s investment in complex project reaches … [Read more...] about US firms are pouring money into Vietnam LNG market

MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

TMA Solutions, one of the largest software outsourcing companies in Vietnam, has established the TMA Innovation Centre to develop new software products and solutions based on Industry 4.0 technologies,  Tran Phuc Hong, the company’s vice president, said. TMA, which has more than 2,500 engineers, provides software services for customers in 27 countries and territories. Visitors trial IT solutions at a technology exhibition held recently in HCM City. Software firms in Vietnam are adding more value to their products through innovative features. — VNS Photo It is one of the few software companies in Southeast Asia that has over 300 engineers working on 4.0 technologies such as artificial intelligence, data science, blockchain, and IoT for customers in the US, Canada, the EU, Japan and Australia in the fields of telecommunications, electronics, cars, e-commerce, healthcare, pharmaceuticals and agriculture, according to Hong TMA and many other software development … [Read more...] about Software firms are adding more value to their products