The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8). — Photo ndh.vn The Ministry of Industry and Trade (MoIT) has consulted the Government not to include 14,120 MW of coal-fired power in the national power master plan (PDP8) to achieve the goal of net zero emissions by 2050. Local media consider such a change a “revolution” in the electricity and environment of the country. The MoIT said in a written report to the Government Standing Committee that of 14,120 MW of coal-fired thermal power, State corporations had invested in 8,420 MW. Specifically, Electricity of Vietnam was assigned 3,600 MW, including Quang Trach II, Tan Phuoc I and II projects. The Vietnam Oil and Gas Group has been given 1,980 MW for the Long Phu III project. Vietnam Coal and Mineral Industries Group has been assigned 2,840 MW, including Cam Pha III, Hai Phong III and Quynh Lap I assignments. In … [Read more...] about Power Plan VIII to remove more than 14 GW of coal-fired power
No gas leak but smell gas car
Shares rise on upbeat sentiment
Workers at a facility of PetroVietnam Gas JSC (GAS). GAS rose 0.9 per cent yesterday. — VNA/VNS Photo Vietnamese shares rose on Tuesday as risk appetite improved amid the authorities' efforts to curb inflation, promoting economic growth. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.17 per cent to close at 1,258.85 points. The VN-Index had gained 0.32 per cent to close Monday at 1,256.75 points. Some 721.6 million shares worth VND16 trillion (US$684 million) were traded on the southern exchange. The market's breadth was positive with 270 stocks climbing, of which 12 stocks hit ceiling prices, while 193 stocks declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.37 per cent, to 1,281.44 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), Novaland (NVL), Tien Phong … [Read more...] about Shares rise on upbeat sentiment
Overseas workers return home to underpaid jobs
"With no certificates, I can only apply for a blue-collar job, but most factories turned me down," the 24-year-old woman said. Factories in Vietnam demanded that she work faster than in Japan for one-fifth of the salary she got there, at around VND6 million ($256) a month. In Japan she received VND30 million a month and was able to send two-thirds of it back to her family and live comfortably with the remaining one-third. "I had enough to spare, but in Vietnam, I run out of money very quickly." Nguyet is among nearly 548,700 Vietnamese citizens who’d gone abroad to work in the last five years to earn higher incomes and help their families back home. However, many of them are returning home to great disappointment, their expectations of resuming work at home for decent pay belied in no uncertain manner. Data from the Ministry of Labor, Invalids and Social Affairs shows that in Japan and South Korea, the two major labor markets for Vietnam, Vietnamese workers can earn … [Read more...] about Overseas workers return home to underpaid jobs
Biden signs bill to boost US chips, compete with China
"The future is going to be made in America," Biden said, calling the measure "a once-in-a-generation investment in America itself." Biden touted investments that chip companies are making even though it remains unclear when the U.S. Commerce Department will write rules for reviewing grant awards and how long it will take to underwrite projects. Some Republicans joined Biden on the White House lawn to attend the signing of the chips bill that was years in the making in Congress. The chief executives of Micron, Intel, Lockheed Martin, HP and Advanced Micro Devices attended the signing as did governors of Pennsylvania and Illinois, the mayors of Detroit, Cleveland and Salt Lake City, and lawmakers. The White House said the bill's passage was spurring new chip investments. It noted that Qualcomm on Monday agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries' New York factory, bringing its total commitment to $7.4 billion in purchases through 2028. … [Read more...] about Biden signs bill to boost US chips, compete with China
Rains, flooding wreak havoc in South Korea, Vietnamese expats apprehensive
"Last night's flooding left everyone stunned," the 40-year-old in Incheon City told VnExpress about one of the worst floods in decades that swamped Seoul Monday night (local time). Her husband works in Gangnam District, one of the places with the highest flooding levels. It is a low-lying area, and runoff water overwhelmed its drainage system. Normally, it took her husband around an hour and a half to take the subway and a bus to reach Incheon. But on Monday night, after he got on a train as the subway station was still open, it stopped after about five kilometers. He waited for nearly an hour before beginning to panic as the floodwaters flowed into the subway tunnel. He and other passengers rushed back to above ground to find other means of transport. According to local officials, the volume of rain in Seoul's Dongjak District exceeded 141.5 mm per hour at one point and the rapidly rising waters flooded homes, streets and subway stations. Many places in Seoul and … [Read more...] about Rains, flooding wreak havoc in South Korea, Vietnamese expats apprehensive
Hamptons Plaza boosts Ho Tram tourism
Being less than 130km from Ho Chi Minh City, Ho Tram put its name on the tourist map thanks to its outstanding advantages from geographical location to favourable weather and natural conditions. This is a rare location with more than 300 sunny days a year and a year-round fresh and cool climate. Ho Tram - an ideal tourist destination with huge potential Ho Tram is considered a rich and diverse resort paradise with a natural ecosystem including forests, a pristine sea, and many high-quality developments, resorts, and hotels that benefit from professional and well-maintained services. Recent statistics on tourism show that, during the last Lunar New Year of the Tiger, Ho Tram welcomed more than 100,000 visitors, an increase of four times compared to the same period the previous year with revenue reaching nearly $4.3 million. Despite its many advantages and yet undeveloped land, Ho Tram was still lacking vital highlights to increase its resilience. This was especially … [Read more...] about Hamptons Plaza boosts Ho Tram tourism