The agreement was reached during Prime Minister Pham Minh Chinh’s official visit to the U.S. and United Nations for the ASEAN-U.S. Special Summit held in Washington D.C. Vietjet’s contract with Boeing is one of the significant deals contributing to the countries’ bilateral trade balance and has been forged through three U.S. Presidencies with important strides following diplomatic and economic development milestones between the two countries in the recent years. In 2016, Vietjet Air ordered 100 Boeing aircraft in the witness of U.S. President Barack Obama during his visit to Vietnam. The deal gained global attention on the impressive innovation of Vietnam’s economy as it was the first time a private airline entered such a huge order with Boeing. The sides agreed to add a total to 200 airplanes three years later. This year, Vietjet and Boeing have agreed on the continuation of the agreement after a hiatus due to unexpected events with the Boeing 737 Max and the COVID-19 … [Read more...] about Vietjet, Boeing reach agreement on 200-aircraft contract
Red brolly 2016 peach blossom moths
Vietnamese legislature’s economic committee proposes restarting nuclear power project
The Economic Committee of the National Assembly has proposed that Vietnam restart a suspended nuclear power project in south-central Ninh Thuan Province to ensure the country’s ability to develop nuclear power in the future and to help achieve its environmental protection goal by 2050. The Economic Committee has submitted a report on the implementation of Resolution 31 of the National Assembly, which was issued to suspend the Ninh Thuan nuclear power project in the namesake province in 2016. In the report, the committee stated that Vietnam would potentially face challenges brought about by electricity shortage in the 2021-25 period. The competitive electricity market has not been developed in a synchronous manner, while the power pricing mechanism has been improved slowly. The country’s power source has yet to guarantee sustainable development and still has a negative impact on the environment. Vietnam previously pledged to reach its net-zero carbon emissions target by 2050 … [Read more...] about Vietnamese legislature’s economic committee proposes restarting nuclear power project
Vietnam likely to consider nuclear power development
The Economic Committee of the National Assembly (NA) has recently proposed developing nuclear power over the next decades to ensure national energy security and meet the ‘net zero’ goal Vietnam set at the 26th UN Conference on Climate Change (COP26). Vietnam is likely to develop nuclear power in the coming decades to ensure national energy security and meet COP26 commitments. (Illustrative photo by AFP). Nuclear power proposal Vietnam put the Ninh Thuan 1 & 2 nuclear power plant projects on hold under a NA resolution in 2016 for safety reasons and in order to mobilise resources for other key projects. In a report overseeing the implementation of the resolution, the Economic Committee of the National Assembly suggested that Vietnam consider developing nuclear power over the coming decades, and the Ninh Thuan projects should be reactivated at an appropriate time. It reasoned that nuclear power is a low-carbon source of electricity that will make an … [Read more...] about Vietnam likely to consider nuclear power development