Long term contract

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

Great power comes from a small grain of rice On January 26, Vinaseed's shipment of 60 tonnes of premium fragrant rice, imported by Longdan in the UK, hit the shelves of the supermarket chain with a retail price of up to £15.5 (VND465,000) per 10 kg. Longdan is the first enterprise to import rice from Vietnam after the UK - Vietnam Free Trade Agreement (UKVFTA) took effect. In the near future, there will be many enterprises importing Vietnamese rice under the agreement. Previously, on January 13, the first batch of 1,600 tonnes of rice, opening the 2021 export season of the Trung An Hi-tech Farming Joint Stock Company, was sent to Singapore and Malaysia at a price that could not be better, of up to US$750 per tonne. Pham Thai Binh, Director General of Trung An Hi-Tech Farming JSC, said the two types of rice exported in the shipment were Jasmine 85 fragrant rice and Huong Lai fragrant rice; of which, 450 tonnes of Jasmine 85 went to Singapore at US$680 per tonne and 1,150 tonnes … [Read more...] about From saving hunger to world’s best rice title

These days, she is able to help them obtain top prices for their produce. Nguyen Thi Duong, who also goes by the name Mary Duong, is Director of the Golden Way Global Education Company and part of her work entails connecting Vietnamese coffee, pepper and fruit farmers with foreign buyers. Born and raised in Saigon (currently Ho Chi Minh City), Duong gained her Master of Business Administration degree from the University of Quebec in Montral. She then travelled to many countries around the world, learning about different cuisines and realizing how expensive the ingredients were compared to much cheaper Vietnamese produce of the same quality. Duong began thinking of bringing Vietnamese products to foreign markets by establishing Vietnamese goods supply chains. During 10 years of working in the field of education consultancy, Duong met many people and gradually learned about trade promotion and the trade in goods between Vietnam and Canada, the US, Australia, Europe, and Southeast … [Read more...] about Mary Duong, who enjoys the fruit of her labors

Many new tourism products were launched and promotional campaigns implemented. However, the resurgence of the epidemic caused the cancellation of many tours. The sector continues to be suffering from a failed "season". After each outbreak of the epidemic was controlled, the tourism sector could not restart like many other types of production and services could. In order to attract customers, localities, travel agencies and carriers had to stimulate demand with the development of new tourism products and the implementation of promotional campaigns and discounts. These activities require major investment. Unfortunately, whenever the number of tourists increased again and the new tourism products were launched, the epidemic “came back”. The investment and efforts to implement the stimulus campaigns have been fruitless as a result. For example, after the first wave of COVID-19 was controlled successfully, domestic tourism activities were active again for about two months. In late July … [Read more...] about Measures to support tourism sector

Apt solutions sought for local solar power Prime Minister Nguyen Xuan Phuc last week asked the Ministry of Industry and Trade (MoIT) and Electricity of Vietnam (EVN) to review issues related to Vietnam’s solar power development as well as avoid massive solar development without a proper plan, which could cause power grid overload. According to the updated data, as of December 25, 2020, there were 83,000 rooftop solar power projects connected to the power system with a total installed capacity of nearly 4,700 megawatts-peak. The total power generation output to the grid from rooftop solar power has reached more than 1.13 billion kWh, contributing to ensuring power supply for the national power system. Meanwhile, there is no new decision or guidance for implementation of the policy after Decision No.13/2020/QD-TTg issued last April on encouraging mechanisms for solar power development in Vietnam, which had its deadline set for December 31 last year for solar systems of any scale … [Read more...] about Apt solutions sought for local solar power