Power generation

Hanoi Times – Major preparatory work for project o­n Vietnam’s first nuclear power plant is going to be introduced at the international exhibition, co-organized by the Ministry of Science and Technology and the Ministry of Industry and Trade (MIT) from May 14 to 17 in the Cultural Friendship Palace. Hanoi Times – Major preparatory work for project o­n Vietnam ’s first nuclear power plant is going to be introduced at the international exhibition, co-organized by the Ministry of Science and Technology and the Ministry of Industry and Trade (MIT) from May 14 to 17 in the Cultural Friendship Palace . This is the the third international exhibition o­n nuclear power in Hanoi . Aside from Vietnam ’s show-case o­n research results and our preparation for detail project, Japan , the Republic of Korea , Canada , China and France will prove their capacity in design, manufacturing, construction and operation of the nuclear power plant to become … [Read more...] about Nuclear Power Exhibition to kick off next week in Hanoi

Banks cut transaction fees to aid customers amid pandemic Fees of ATM and POS transactions via the National Payment Corporation of Vietnam (NAPAS) will be cut by 50-75 percent from August 1. (Photo: VNA) The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the latest COVID-19 pandemic. Accordingly, fees of automatic teller machines (ATM), point of sale (POS) and interbank transactions via the SBV’s National Payment Corporation of Vietnam (NAPAS) will be cut from 50-75 percent from August 1 to the end of this year. The move was made after NAPAS announced a reduction of 50-75 percent on its service fees on electronic switching for credit institutions which means that the profits of financial institutions will not be affected by the cut. However, the SBV also expects credit institutions to make a bigger reduction for their customers than that of NAPAS. … [Read more...] about VIETNAM BUSINESS NEWS AUGUST 3

The region will reinforce politics and security cooperation to maintain peace and stability in the face of Covid-19 widespread transmission. Foreign ministers of 10 ASEAN member states gathered today [August 2] for the 54th ASEAN Foreign Ministers’ Meeting (the 54th AMM), the first of a series of more than 20 related meetings that will take place between August 2 and 6 via video links. The 54th ASEAN Foreign Ministers’ Meeting opens on August 2. Photos: Nguyen Hong/ Baoquocte The 54th AMM will focus on the progress of ASEAN Community Building, ASEAN 2021 Priorities, and Key Deliverables including the collective and Covid-19 socio-economic recovery strategy. At the meeting, the ministers will exchange views on ASEAN’s Covid-19 response to outline a path forward for the region’s post-pandemic recovery, in line with Brunei’s ASEAN Chairmanship theme “We Care, We Prepare, We Prosper.” They will also discuss ways to strengthen regional cooperation, ASEAN … [Read more...] about ASEAN foreign ministers gather for 20 meetings in a week

Vietnam’s foreign policy of openness, multilateralization and diversification of foreign relations for peace, amity, cooperation and development bears close resemblance to ASEAN’s. That ASEAN plays a central role in the region and is the driver of regional and international cooperation is not only a pillar supporting Vietnam but also its goal, according to Party General Secretary and State President Nguyen Phu Trong. Vietnam State President Nguyen Phu Trong gave his welcome remarks to AIPA 41. Photo: AIPA.vn “Vietnam’s foreign policy of openness, multilateralization and diversification of foreign relations for peace, amity, cooperation and development bears close resemblance to ASEAN’s,” Mr. Trong said in his welcome remarks at the opening ceremony of the 41 st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) themed “Parliamentary diplomacy for a Cohesive and Responsive ASEAN”, which was held online for the first time from Hanoi. According … [Read more...] about Vietnam supports ASEAN’s centrality: President

Participants in the 23rd ASEAN Political-Security Community (APSC) Council Meeting held virtually on Monday. — VNA/VNS Photo Phạm Kiên HÀ NỘI — Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn on Monday attended the 23rd ASEAN Political-Security Community (APSC) Council Meeting as part of the 54th ASEAN Foreign Ministers’ Meeting (AMM-54). The meeting reviewed the operations of specialised agencies in the political-security 'pillar' and the implementation of the ASEAN Political-Security Community Blueprint 2025. According to the ASEAN Secretary General's report, despite a range of challenges, political and security cooperation in ASEAN has made significant achievements. Notably the implementation of recommendations on the Mid-term Review of the APSC. He highlighted ASEAN collaboration in the battle to bring the COVID-19 pandemic under control and recovery efforts, national defence, border management and responses to non-traditional challenges, as well as cooperation … [Read more...] about Việt Nam attends 23rd ASEAN Political-Security Community Council Meeting

A Vietjet Air aircraft (Source: Vietjet) Hanoi (VNA) - The Vietjet Aviation Joint Stock Company (HOSE: VJC) announced consolidated revenue and pre-tax profit of over 8.38 trillion VND (365 million USD) and 127 billion (5.53 million USD), respectively, in the first half of this year. Revenue in passenger transport in the period surpassed 5.81 trillion VND (253 million USD), generating a pre-tax profit of 13.7 billion VND (nearly 600,000 USD), according to its financial results for H1 released on August 2. In the second quarter, Vietjet’s air transport revenue hit over 2.97 trillion VND, up 51 percent year-on-year thanks to high travel demand in April. The airline had also sought ways to lift the cargo sector despite the impact of the fourth wave of COVID-19 in Vietnam this quarter. Its consolidated revenue totalled above 4.33 trillion VND in the second quarter. Vietjet said it has ventured into financial and project investments aiming to expand its business … [Read more...] about Vietjet’s profit reaches over 5.53 million USD in first half