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KAB is looking to capitalise on the growing energy demand in Vietnam As reported by Focus Malaysia , KAB Energy Power and Janakuasa will form a special purpose vehicle to scoop up the majority stakes in three hydropower plant projects in the country with an aggregate installed capacity of 180MW. The projects have existing power purchase agreements (PPA) with Electricity of Vietnam (EVN) which will expire between January 2030 and 2039. They have commenced commercial operations between 2015 and 2019 Janakuasa, an established private energy investor based in Malaysia and Singapore, is a leading investor in thermal power and renewable energy in Vietnam. Janakuasa has been developing the Ecotech wind farm project since 2015. To date, Janakuasa has over 1,000MW of power projects under construction in Vietnam and a further 300MW of wind and 200MW of mini hydro projects in development. Janakuasa is teaming up with its partners to construct two power plants in Vietnam, including a … [Read more...] about Malaysia’s KAB ventures into Vietnam’s renewable energy market

Prof Phan Van Truong, who has been to 80 countries and negotiated contracts worth up to $60 billion, said self-study accounts for 90 percent of learning, and occurs over a lifetime. Prof Phan Van Truong Truong is the author of the famous book ‘Mot doi thuong thuyet’ (A life in negotiation). At the age of 75, he still has the habit of getting up at 4 am to study. This skill helped him have a successful career. A university graduate in civil engineering, he became senior manager of many large corporations in the world. He said that most of he had learned came from self-study after graduation. Truong said he left for France to study at a boarding school when he was 17 years old. Four years later, he passed the exam to the National School of Bridges and Roads. However, his French language skills were just enough to write, and he was poor at communication and could barely speak French. “I felt like a fish out of water when my friends, during breaks, enjoyed the time by … [Read more...] about Negotiator studied foreign languages on his own because of social, work pressure

Additional 88 domestically-transmitted COVID-19 cases reported Vietnam logged 97 new COVID-19 cases, including 88 domestic and nine imported, in the past six hours to 6pm on June 22, the Ministry of Health (MoH) said. Most of the new cases were detected in Ho Chi Minh City, with 63 infections, and the remainders were discovered in Bac Giang (12), Bac Ninh (6), Hung Yen (2), Nghe An (1) and Hanoi (1). By 6pm on June 22, the country had recorded a total of 12,010 domestically-transmitted infections and 1,717 imported cases. The number of locally-transmitted cases since the fourth COVID-19 wave hit Vietnam on April 27 amounted to 10,875, including 2,772 recoveries. According to the MoH’s Medical Service Administration, 5,546 patients have given the all-clear from coronavirus SARS-CoV-2 to date, while the death toll related to the disease was 69. Among active patients undergoing treatment, 377 have tested negative to the virus once, 132 twice and 141 thrice./. 12-hour … [Read more...] about VIETNAM NEWS HEADLINES JUNE 22

Head of the Party Central Committee's Economic Commission Tran Tuan Anh hosts in Hanoi on June 23 Minister of State for Trade Policy in the Department for International Trade of the UK Greg Hands. (Photo: VNA) Hanoi (VNA) – Head of the Party Central Committee’s Economic Commission Tran Tuan Anh hailed the growing strategic partnership between Vietnam and the UK in various areas during a reception in Hanoi on June 23 for Minister of State for Trade Policy in the Department for International Trade of the UK Greg Hands. low-carbon economy . UK on being one of the first countries in Europe and the world in terms of COVID-19 vaccination, Anh proposed the UK Government create more favourable conditions for vaccine provision and facilitate vaccine production technology transfer to Vietnam, as well as waive copyright requirements for the country. Vietnam ’s guiding role in climate change response in ASEAN and its achievements in renewable energy development. VNA … [Read more...] about Vietnam, UK tap cooperation potential

South Korea is Vietnam’s biggest investor and second-largest trade partner. Foreign ministers of Vietnam and South Korea discussed different fields for enhanced bilateral relations when they met in Hanoi on June 23, focusing on economic ties, manpower, tourism, people-to-people links. South Korea's Foreign Minister Chung Eui-yong (L) and Vietnam's Foreign Minister Bui Thanh Son in Hanoi on June 23. Photos: Baoquocte The South Korean foreign minister visited Vietnam on June 21-23 to attend the Asia-Europe Meeting (ASEM)’s High-level Policy Dialogue held in Hanoi. At talks with his South Korean counterpart Chung Eui-yong, Vietnamese Foreign Minister Bui Thanh Son expressed his delight at the fruitful development of Vietnam-South Korea relations in all fields in recent years, affirming that Vietnam always attaches importance to its relations with South Korea, considering the country as one of its top partners. In terms of investment, South Korea is Vietnam’s … [Read more...] about Vietnam and South Korea discuss comprehensive ties

Vietnam said it has relaxed quarantine rules for foreign businessmen. Roughly 570 businesspeople from South Korea will arrive in Vietnam today [July 22] as the two countries make efforts to facilitate economic activities in the face of economic slowdown in the Southeast Asian country. South Korean experts arrive in Vietnam. Photo: Bsr.com.vn The businessmen will come to Vietnam on chartered airplanes, Yonhap News Agency cited the South Korean Ministry of Trade, Industry and Energy (MOTIE). MOTIE said a group of more than 1,500 people will also be sent to Vietnam throughout August. According to MOTIE, Vietnam was South Korea’s third largest export destination in 2019. Meanwhile, statistics by Vietnam’s Ministry of Planning and Investment showed that South Korea was Vietnam's biggest investor in the same year with US$7.92 billion worth of foreign direct investment (FDI), accounting for 20.8% of the Southeast Asian country’s FDI in 2019. Big South Korean … [Read more...] about 570 South Korean businesspeople to arrive Vietnam today