Long An insists on LPG-fired power plants to fight pollutionBy Trung Chanh A view of the Duyen Hai thermal power plant in the Mekong Delta province of Tra Vinh. Long An Province insists on LPG-fired power plants to fight pollution – PHOTO: TRUNG CHANH CAN THO – Authorities of the Mekong Delta province of Long An have just sent a proposal to the Ministry of Industry and Trade seeking approval for developing power plants using liquefied petroleum gas (LPG) instead of coal as suggested by the ministry and the consultant, a local official said. The shift from coal to LPG is meant to protect the environment, but by insisting on such a move, the provincial government may risk losing the projects. Le Minh Duc, director of the provincial Department of Industry and Trade, confirmed to The Saigon Times today, August 29, that “Long An Province has just sent a proposal to the Ministry of Industry and Trade, expressing its wish to develop LPG-fired power plants although … [Read more...] about Long An insists on LPG-fired power plants to fight pollution
Tran dinh long
News of well-known people’s death are always an effective clickbait on mass media and social networks. Many famous people, from actor Sylvester Stallone to Vietnamese billionaire Tran Dinh Long, chairman of Hoa Phat Group, have been made victims of these malice jokes. Tran Dinh Long, chairman of Hoa Phat Group, was rumored to be dead. Photo: zing.vn In the morning of May 6 the information of Tran Dinh Long’s death went viral from a securities investment forum. The fake news stirred up investors in Hoa Phat Group as well as connected enterprises. Answering queries and trying to quell concerns, a representative of Hoa Phat Group has just confirmed that Tran Dinh Long is alive and well. “This is a bad rumor,” the representative added. The representative also said that Tran Dinh Long received many calls from family members, friends, and investors after the rumour went out. Fortunately, due to the lack of authenticity in the information as well as the fact … [Read more...] about Clickbait fake death news targets billionaire Tran Dinh Long
The opening of the economy more than 30 years ago has made Vietnam a prospering nation, Photo: Le Toan In mid-April, Vietnamese veteran economists gathered in Hanoi to discuss the country’s economic situation, swapping stories from various economic sectors, especially the private sector. Over the past three decades since Doi Moi was launched in 1986, the private sector has had open access to the economy, thanks to the Party’s resolutions, especially the most recent Resolution No.10-NQ/TW on developing the private economic sector into an important impetus for the socialist-oriented market-based economy. However, the private economic sector is now finding it difficult to grow further. “After numerous efforts to reform mechanisms and policies, the private sector’s contribution to the economy remains limited, currently accounting for only 9 per cent of the GDP, up less than 1 per cent over the past 10 years. Meanwhile, the state sector occupies 32 per cent of the … [Read more...] about From Doi Moi reforms to Vietnamese billionaires
Despite the fact that the construction of Metro Line No.2 connecting South Thang Long and Tran Hung Dao has been delayed for ten years now, the Hanoi People’s Committee proposed the government to add VND16.1 trillion ($701.78 million) to the project, increasing its total investment capital to VND35.7 trillion ($1.56 billion). Metro Line No.2 has been delayed for 10 years (Illustration image) Approved in November 2008, the project is invested by Hanoi Metropolitan Railway Management Board (MRB) with the total investment capital of VND19.55 trillion ($857.5 million) by the Japan International Cooperation Agency (JICA). Under the approved plan, the metro line will be 11.5 kilometre long, nearly 9km of which will run underground and 2.6km above the surface. It consists of a 17.5-hectare depot in Xuan Dinh ward, North Tu Liem district, and ten stations, including three elevated and seven underground. The project was expected to come into operation in 2017, however, the … [Read more...] about Long delayed Metro Line No.2 may be added $701.78 million?
Illustrative image (Source: VNA) Hanoi (VNA) - Steelmaker Hoa Phat Group targets revenue of 55 trillion VND (around 2.42 billion USD) and after-tax profit of 8.05 trillion VND (354.6 million USD) in 2018. The information was released at the group’s annual shareholder meeting held recently in Hanoi with the participation of 368 shareholders, who together hold 77 percent of ordinary shares. Hoa Phat’s management board chairman Tran Dinh Long said the group sees 2018 as a crucial year. The firm would take drastic measures to ensure the progress of the Hoa Phat Dung Quat steel and iron production complex and make it the priority target for this year, Long said. He added that the management board had carefully considered the targets before submitting them to the meeting. The group would implement many big projects this year in their main steel business. In addition, it would be alert for changes in the material market. In other sectors such as agriculture, … [Read more...] about Steelmaker Hoa Phat Group targets 2.42 billion USD in revenue