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The proportion of solar and wind power projects in the entire national electricity system is expected to increase, requiring thorough preparation because of the instability of these power sources, experts have said. The draft of the eighth national power development plan shows majir changes in power source development from now to 2030 compared with the seventh plan. Under the draft, Vietnam will develop wind and solar power on a large scale, with the capacity of wind power increasing by three times and solar power by two times compared with the adjusted seventh plan. Vietnam will only continue the projects under construction or under investment promotion, to be operational in the 2021-2025 period. The coal-fired thermopower proportion will decrease gradually from 34 percent in 2020 to 27 percent by 2030. The Ministry of Investment and Trade wants to strongly develop gas-fired power with capacity increasing from 7GW in 2020 to 13.5GW by 2025 and 28-33GW by 2030 and the … [Read more...] about Vietnam to prepare for solar power boom

Nestle has launched the NAN OPTIPRO with HMO and OPTIPRO protein and began a programme called ‘Moments of Amazing Kid Growth’ that seeks inspirational stories about the amazing growth journey of Vietnamese children aged two to six. — Photo courtesy of the company Nestle has launched the NAN OPTIPRO with HMO and OPTIPRO protein. HMOs are the third most abundant solids in breast milk and scientifically proven to boost children’s immunity. Tanti Ermawati, business executive officer of Nestle Vietnam Infant Nutrition, said: “With the relaunch of HMO-added NAN OPTIPRO, we look forward to bringing a comprehensive nutritional solution for children and helping nurture their full potential.” To mark the launch, the company began a programme called ‘Moments of Amazing Kid Growth’ that seeks inspirational stories about the amazing growth journey of Vietnamese children aged two to six through stories of hands. Singer Phuong Vy, the brand ambassador for Nestle NAN, said: “The hands are a … [Read more...] about Nestlé launches NAN OPTIPRO

The long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active. A recent report released by VNDirect Securities Corporation stated that mergers and acquisitions (M&A) deals, especially in transferring part of large-scale real estate projects, were considered one of the fastest solutions for foreign developers when they want to jump into the Vietnamese real estate market, as well as for the domestic developers expanding their land fund and investment portfolios. This report also cited that some projects from giant developers are currently in the negotiation process with most expected to be completed this year. “Thanks to the improvement of the legal system in the Law on Investment, a range of deals will be done within this year with total value up to more than $1 billion,” the report cited. According to Tran Khanh Hien, deputy director of the Research at … [Read more...] about M&A pushing ahead real estate market

Workers at clothing factory Haivina in Gia Loc district, Hai Duong province, are tested for COVID-19 before resuming work. (Photo: VNA) Hai Duong (VNS/VNA) - Hai Duong province’s management board of industrial zones (IZs) has asked enterprises in the locality to routinely test their employees and managers for COVID-19 . This is one of the requests set for the enterprises regarding production plans when the COVID-19 pandemic is brought under control. According to the management board, factories at IZs in Kim Thanh district can resume work but they must follow the Ministry of Health’s regulations on COVID-19 prevention. Specifically, test results for all employees at the enterprises must show that they are negative. Enterprises must also regularly clean the environment, disinfect the workplace and dormitories (if any). All staff must follow the Health Ministry’s 5K message: Khau trang (face mask) – Khu khuan (disinfection) – Khoang cach (distance) – Khong tu tap (no … [Read more...] about Factories in Hai Duong to conduct routine COVID-19 testing for employees

Private investment s in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region . (Photo: baoquocte.vn) Hanoi (VNA) - Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region due to the impact of COVID-19 . Thanks to its success in containing the pandemic, Vietnam has emerged as a bright spot, with economic growth reaching 2.91 percent in 2020 - a positive rate given the gloomy global picture. The International Monetary Fund (IMF) forecast that its GDP will grow 6.7 percent this year. Goldman Sachs and HSBC are even more optimistic about the economy, which, they said, will expand 8.1 percent in 2021. Vietnam’s middle and upper class is expected to grow substantially, from 25 percent of the national population in 2017 to 45 percent in 2030. Moreover, free trade agreements to which Vietnam is a signatory have benefited the … [Read more...] about Private investments reach new peak