Ensuring of commitment

Vietnamese firms to provide foundations, harbor services for La Gan wind power project The Saigon Times The signing ceremony of four memorandums of understanding between the La Gan Wind Power Development Corporation and four Vietnamese suppliers - PHOTO: EMBASSY OF DENMARK IN VIETNAM HCMC – Four Vietnam-based contractors--CS Wind Corporation, PTSC Mechanical and Construction, Southern Petroleum Construction JSC and Vietsovpetro--will provide foundation and harbor services for the La Gan offshore wind farm project in the central province of Binh Thuan. On February 24, the La Gan Wind Power Development Corporation, the developer of the 3.5-gigawatt offshore wind farm project owned by Copenhagen Infrastructure Partners, Asiapetro and Novasia, virtually signed four memorandums of understanding (MOUs) on foundation supply and harbor services with the four contractors, the Embassy of Denmark said in a statement. The supply of foundations and harbor infrastructure is … [Read more...] about Vietnamese firms to provide foundations, harbor services for La Gan wind power project

Ericsson has been recognised as a Leader in 5G network infrastructure Ericsson’s Leaders quadrant recognition in the February 2021 Gartner Magic Quadrant for 5G Network Infrastructure for Communication Service Providers (CSPs) report recognises the company’s Leader position in both completeness of vision and ability to execute. Vendors offering 5G solutions for communications service providers were comprehensively and independently assessed and evaluated by Gartner experts on their completeness of vision and ability to execute to provide a market snapshot on 5G infrastructure abilities. End-to-end 5G network infrastructure vendors were evaluated on how they enable IT provider performance to be competitive, efficient, and effective and to positively impact revenue, retention, and reputation within Gartner’s view of the market. The assessment of ability to execute included Ericsson’s products and services, Market Responsiveness and Track Record, Marketing Execution, Customer … [Read more...] about Ericsson named a Leader in 2021 Gartner Magic Quadrant for 5G network infrastructure

A petrol station temporarily suspends service pending price adjustment. (Photo: VNA) Hanoi (VNA) - The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday. The retail price of E5RON92 bio-fuel rose nearly 700 VND to 17,031 VND (0.74 USD) per litre at a maximum, while that of RON 95 increased over 700 VND to 18,084 VND per litre. Diesel 0.05S and kerosene, meanwhile, are now no more than 13,843 VND and 12,610 VND per litre, up by around 800 VND and 700 VND, respectively. According to the two ministries, the prices of petrol and oil in the global market have been rising strongly for 15 days, hence the adjustment. The two review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. VNA … [Read more...] about Petrol prices rise under latest adjustment

The Hanoitimes - On the occasion of the 25th anniversary of the US-Vietnam diplomatic relations, US companies shared with Hanoitimes their expectations about opportunities for their investment expansions in Vietnam. Dr. Mason Cobb, chairman of Victoria Healthcare International Clinics After Vietnam achieved the middle income status and ODA decreased, the Vietnamese government became more accommodating for investment and that continues to this day. Dr. Mason Cobb, chairman of Victoria Healthcare International Clinics However, it is still not a truly level playing field with local companies. The attitude and perception, and spirit of cooperation has become much warmer and more understanding than during that difficult middle period. More importantly, the company’s mission in healthcare as primarily helping Vietnam build a world-class healthcare system. To that end, the company brings Vietnamese to the US and bring educational and other assets to Vietnam to … [Read more...] about US companies continue to see tremendous investment opportunities in Vietnam

The Hanoitimes - The partnership is expected to develop a hub for LNG imported from the US. US energy firm AES Corporation and Petrovietnam Gas JSC (PV Gas) on Wednesday signed a term sheet of the joint venture agreement for a liquefied natural gas (LNG) terminal with a US$1.4 billion investment in central Vietnam. AES Corp. and PV Gas sign deal at IPBF at the presensence of Vietnam's Deputy Prime Minister Pham Binh Minh and US Ambassador to Vietnam Daniel J. Kritenbrink. Photo: AES Vietnam With the agreement signed during the 3rd Indo-Pacific Business Forum (IPBF) held in Hanoi on October 28-29, the joint venture is expected to speed up Son My LNG Terminal’s financial completion which is scheduled in 2022 and commercial operations in 2025. The Son My LNG terminal complements AES’ investment in gas infrastructure around the country, with its previously announced US$1.8 billion 2,200 megawatts (MW) combined cycle gas turbine (CCGT) power plant. … [Read more...] about AES, PetroVietnam set up joint venture for US$1.4 billion LNG terminal