Favourable feed-in tariff rates have created an investment frenzy in the solar industry, however long-term, stable policies are needed for sustainable growth in the sector, Photo: Le Toan Some people are calling it a ‘gold rush’. From Thailand to the United Arab Emirates, global players with experience in solar energy generation are sending representatives to Vietnam in search of the huge energy boom. “Solar power in Vietnam has become hotter than ever,” remarked Rainer Brohm of the German development agency GIZ at the recent Renewable Energy Week, adding that the boom started when the Vietnamese government’s Decree No.11/2017/QD-TTg on mechanisms for encouraging the development of solar power in Vietnam was released. Much registration, less progress The Ministry of Industry and Trade (MoIT) recently released impressive figures, as the total output of solar power projects approved to be added to the Power Development Plan VII is quite large. The … [Read more...] about FiT rates heat up solar power interest
Power factor improvement
The output of the Vietnamese cement industry ranks eighth over the world and according to the country's master plan, it may be fifth by 2020. The lessons from the seminar hold many of the keys to actualise this target. Klavs B. Nielsen, managing director of DK Engineering and the representative of Hoganas Bjuf in Vietnam, addressing the seminar The two input factors making up the largest costs in cement production, coal and power, are on upward trends, while domestic demand has slowed down which significantly impacts the sales plans of manufacturing units. Additionally, labour productivity is still much lower than in other countries in the region, and tightened environmental control has put additional pressure on the cement industry. Technical solutions forimproving cement plants’ performance is the theme of the seminar held by DK Marketing Limited and Solari Group in Hanoi. Experts of Sweden’s Hoganas Group, a world-leading developer, manufacturer and supplier of … [Read more...] about Technical solutions for improving cement plants’ performance
(VEN) - The Industry Promotion Center of Bac Ninh Province has improved its industry promotion planning activities to enable beneficiary businesses to make the most of the advantages offered. Sample projects The Bac Ninh Province Department of Industry and Trade assigned the provincial Industry Promotion Center to build a project for assisting support industry enterprises in the province with funding from the 2018-2020 national program for industry promotion. The project is expected to develop support industry enterprises into an important part of multinational corporations’ global supply chains. Specifically, it will help support industry enterprises improve production capacity and scale, create conditions for the producers to cooperate, access markets, form production connectivity chains, and share and learn from others’ experiences. The project is also designed to promote productivity and quality improvement and sustainable development, and create breakthroughs in … [Read more...] about Bac Ninh Province improves industry promotion
EVNGenco 2 to be “make up” before IPO to lure investors Fluctuating profit Not unlike EVNGenco 3, whose IPO was a massive failure (it only sold 7.4 million of the 267 million shares launched), EVNGenco 2 operates in the state-owned sector with great development potential. Alongside subsidiaries fully owned by EVN and accounting units that are dependent on the parent company (Can Tho Thermal Power Company, Quang Tri Hydroelectricity Company, Song Bung Hydroelectricity Company), EVNGenco 2 owns 50 per cent of the charter capital of companies like Haiphong Thermal Power Company, Pha Lai Thermal Power Company, and Thac Mo Hydroelectricity Company. In addition, EVNGenco 2 is in charge of many energy investment projects, including Hai Phong Thermal Power II, O Mon Thermal Power 1, 2, 3, 4, Trung Son Hydroelectricity, and Expanded Thac Mo Hydroelectricity, among others. Although EVNGenco 2 generates increasing revenue, its profit has steadily decreased between 2014 and 2017. … [Read more...] about EVNGenco 2 to be effectively improved before IPO?
Professsor Phan Văn Tường, talks to the newspaper Thời báo Kinh tế Việt nam (Việt Nam Economic Times) about the importance of good time management in running a business What are the weakest points in the management work within many Vietnamese enterprises? I have been living and working in Việt Nam for many years, so I should say that many major Vietnamese enterprises have performed quite well in their management activities. These achievements have been acknowledged by foreign enterprises. The most noticeable achievement is that the young Vietnamese labour force has been well trained, and they have worked very hard, on the other hand, a number of enterprises have been rated average in their management activities. In my opinion, such a weakness is attributed to the misunderstanding of the concepts “administration and management”. In my own opinion, the weakest point lies within their poor time management skills. As a … [Read more...] about Sustainability is a key factor in business development