Quan doi viet nam suc manh

Representatives of the Ministry of Industry and Trade and AES Corporation (AES) sign a Memorandum of Understanding (MOU) on the implementation of the Son My 2 combined cycle gas turbine (CCGT) power plant in Viet Nam. – Photo courtesy of AES Representatives of the Ministry of Industry and Trade and US-based AES Corporation (AES) signed a Memorandum of Understanding (MOU) on the implementation of the Son My 2 combined cycle gas turbine (CCGT) power plant in Viet Nam on November 8. The signing ceremony was attended by Prime Minister Nguyen Xuan Phuc, Minister of Industry and Trade (MOIT) Tran Tuan Anh, US Commerce Secretary Wilbur Ross and US Ambassador to Viet Nam Daniel Kritenbrink. The Son My 2 CCGT power plant has a total capacity of 2.2GW and will be located in Binh Thuan Province with total investment of US$1.7 billion. “LNG will be the key for Viet Nam’s growing energy demand, by offering a cleaner, more reliable and more affordable energy solution,” said … [Read more...] about AES, MoIT ink deal on Son My 2 power plant in Viet Nam

Farmers harvest tea at Dong Hy District in the northern province of Thai Nguyen, which is one of the provinces growing tea for export. — VNA/VNS Photo Hong Ky About 14,200 tonnes of Vietnamese tea, worth over US$22.5 million, was shipped to Taiwan between January and September, marking a year-on-year increase of 6.1 per cent in volume and 8.3 per cent in value. Taiwan’s tea imports exceeded 24,000 tonnes worth $60 million in the nine-month period. Taiwan mostly purchases green tea from Việt Nam and Japan, with the amount from Việt Nam accounting for 84.1 per cent of the total import. According to Chairman of the Vietnam Tea Association Nguyễn Hữu Tài, Việt Nam has 125,000 hectares of tea farms, mainly in the northern provinces of Thai Nguyen, Ha Giang, Phu Tho, Tuyen Quang and Yen Bai, and the Central Highlands province of Lam Dong. He said Việt Nam has the world’s second largest area producing tea, behind China. The country … [Read more...] about Viet Nam’s export of tea to Taiwan up

  Deputy Prime Minister Vương Đình Huệ (left) meets Russian Deputy Prime Minister Dmitry Kozak in Moscow on Tuesday. — VNA/VNS Photo Duy Trinh MOSCOW — The Russian Government always supports its businesses in increasing cooperation with Việt Nam, especially in the fields of oil and gas and energy, according to Russian Deputy Prime Minister Dmitry Kozak. He said during discussions with his Vietnamese counterpart Vương Đình Huệ in Moscow on Tuesday, held in the framework of an official visit by Vietnamese National Assembly Chairwoman Nguyễn Thị Kim Ngân. The two Deputy PMs shared the assessment that bilateral economic, trade and investment ties have recorded positive development recently, with two-way trade value reaching US$4.5 billion in 2018 and $3.77 billion in the first 10 months this year, and new investment projects launched. … [Read more...] about Russia supports businesses in cooperation with Việt Nam: Deputy PM Kozak

Việt Nam continues to achieve robust growth accompanied by moderate inflation and a relatively stable exchange rate. — Photo tapchicongthuong.vn HÀ NỘI — Economic growth in Việt Nam had proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing sector, according to the World Bank (WB)’s update on recent economic developments in Việt Nam. According to Taking Stock, the WB’s bi-annual economic report on Việt Nam which was released yesterday, the pace of expansion was forecast to remain at 6.8 per cent this year, higher than the projected figure of 6.3 per cent for emerging markets in the East Asia and Pacific regions. Over the medium term, in line with global trends, Việt Nam would see a slower pace of 6.6 and 6.5 per cent in 2019 and 2020, respectively. Inflation would remain muted at 4 per cent as the result of tightening monetary … [Read more...] about Việt Nam’s economy grows robustly but risks intensify

Việt Nam’s energy demand is forecast to increase by over 10 per cent a year between 2016 and 2020 and by 8 per cent in 2021-30. — Photo cafef.vn HCM CITY — As one of the most efficient power markets in Southeast Asia, Việt Nam has huge prospects, especially in renewable energy, experts have said. There is need for investment in Việt Nam in production, export capacities and upgrading of infrastructure, Phan Thế Anh, deputy general director of the Ministry of Industry and Trade’s southern affairs, said. The Government is looking for responsible and sustainable investment that not only secures the future of the country but is also sensitive to the environment, he told the first Electrify Vietnam Summit, which opened on March 28 in HCM City. The country has achieved almost 99 per cent electrification at a relatively low cost compared to its neighbouring countries, he said. The main drivers of energy consumption are industrial … [Read more...] about Việt Nam seeks investment in energy market