PM Nguyen Xuan Phuc. Photo: VGP >>> Prosperity Beckons in Viet Nam: Are Canadian Businesses Ready to Take the Leap? >>> VN, Canada promote Comprehensive Partnership The potential capacity of Viet Nam’s wind energy is estimated at 500 – 1000 kWh/m2 per year, and its annual average hours of sunshine ranges from 2500 – 3000 at the average temperature above 21 Celsius degree. According to the report released by the German Federal Enterprise for International Cooperation (GIZ) in June 2017, technical potentials for wind and solar energy in Viet Nam are estimated at 215,000 MW and 340,000MW, respectively. Furthermore, as a major producer of agricultural products, Viet Nam is also rich in biomass. PM Phuc said Viet Nam has been implementing the Strategy of Renewable Energy Development to 2030 with vision until 2050. Accordingly, the country engages all social resources for investment in renewable energy development, encourages the … [Read more...] about VN well positioned to develop renewable energy, says PM
Ready energy
Vietnam and Australia promoting sustainable energy cooperation
The Trade Commissioner at the Australian Embassy in Vietnam made the above statement during the Vietnam-Australia Energy Roundtable 2018, organized by the Australian Government in association with Vietnam’s Ministry of Industry and Trade. The Australian Ambassador to Vietnam addressing the meeting Earlier, an Australian Energy delegation, including Australian government officials as well as leading engineering, procurement and construction contractors, technical and equipment suppliers, coal suppliers and end-to-end project management and commercial consulting companies, has arrived in Vietnam to seek opportunity of energy cooperation with local partners, and participate in the event. At the meeting, the two sides share both Government and industry experiences in meeting energy development needs and challenges. The Vietnamese side introduced the Government priorities, major energy projects in the country as well as cooperation opportunities to the Australian … [Read more...] about Vietnam and Australia promoting sustainable energy cooperation
Vietnam, Australia promote sustainable energy cooperation
The Australian business delegation includes leading engineering, procurement and construction contractors, technical and equipment suppliers, coal suppliers and end-to-end project management and commercial consulting companies. “Australia’s trade and investment relationship with Vietnam has been the fastest growing of all ASEAN economies over the past decade, with two-way trade and investment now standing at USD11.8 billion. Energy is one of the key sectors driving our bilateral trade. Vietnam is Australia's fifteenth largest trading partner, and Australia is Vietnam's seventh largest trading partner”, said Mr Shannon Leahy, Trade Commissioner, at the Australian Embassy.Photo: Australian Trade and Investment Commission (Austrade) - VietnamThe visiting delegates will showcase Australia’s expertise and capability in coal (including clean coal), infrastructure, consultancy, project management and technology, and innovation including in renewable energy, while … [Read more...] about Vietnam, Australia promote sustainable energy cooperation
Shaping the future of Asia with clean energy
Tommy Leong Today, more than 700 million people in the region have no access to electricity, even though electricity demand in Southeast Asia alone is set to triple by 2040. With the threat of climate change in the picture, world leaders and international organisations have recognised the need to ensure access to energy for all, in addition to curbing the ill effects of widespread environmental dangers. Environmental deterioration due to pollution, deforestation, and land degradation has been increasing in the wake of industrial revolution and rapid urbanisation growth in developing nations. This is exacerbated by a dependence on fossil fuels, which has become the linchpin of economic growth in these countries in the past decade. Asia, the region with the highest rate of greenhouse gas emissions, has the potential to improve the quality of life for millions of people. Governments in the region have recognised near-future implications of climate change and expressed stronger … [Read more...] about Shaping the future of Asia with clean energy
TTC energy segment inks EPCC contract with JGC Vietnam Co. Ltd.
JGC Corporation has announced that its overseas affiliated company JGC Vietnam Co. Ltd. had been awarded a contract for the construction of a mega-solar power generation project planned in Krong Pa District, Gia Lai Province, Vietnam, by Gia Lai Electricity Joint Stock Company, a subsidiary of TTC Group. The lump sum turnkey contract covers the engineering, procurement, construction and commissioning (EPCC) work for the mega-solar power generation plant with delivery in autumn 2018. The plant is planned to have a capacity of 49MW (AC), making it among the largest such facilities in Vietnam. Gia Lai Electricity Joint Stock Company is a member of TTC Group. TTC is a multi-industry corporation with nearly 40 years of operation, consisting of four corporations, one segment, and over 150 subsidiaries and joint companies. It has investments in several industries including real estate, energy, agriculture, education and hospitality. The TTC Energy segment, with its main unit being Gia Lai … [Read more...] about TTC energy segment inks EPCC contract with JGC Vietnam Co. Ltd.
Vietnam’s second refinery ready for operation
The Nghi Son Oil Refinery and Petrochemical complex, the second of its kind in Vietnam, held a Ready for Start-up ceremony on Wednesday to celebrate the milestone of its readiness to receive shipment of crude oil for commercial production. The operational mechanisms in the US$9 billion facility, located in the north-central province of Thanh Hoa, are completely installed and will be ready to begin the production of the plant’s first commercial products, including Euro 5-standardized A95 petrol and diesel oil, in May, its operator announced at the ceremony. By that point, Nghi Son, with a total annual production capacity of 10 million metric tons of petrochemicals, will have helped ensure national energy security and contributed approximately VND10 trillion ($436 million) to the local budget by the end of 2018. Nghi Son will process Kuwaiti crude oil to produce liquefied petroleum gas, gasoline, diesel, kerosene and jet fuel, mainly for the domestic market. Nghi Son … [Read more...] about Vietnam’s second refinery ready for operation
University students ready for SMEA 2018
Seven teams of students from five universities in Vietnam will participate at Shell Eco-Marathon Asia (SMEA) 2018 – Make the Future, which will take place at Changi Exhibition Centre in Singapore from March 8-11. Vietnam’s student teams get ready for the Shell Eco-Marathon Asia 2018 in Singapore on March Organised for the second time in Singapore, the competition has attracted more than 100 teams from countries and territories in Asia and the Middle East this year. The competition acts as a playground for students to test vehicles they have designed and built themselves. To achieve their goals, the teams have to travel extraordinary distances using only one litre of fuel. Participating in the competition, students are expected to understand the urgency of using renewable energy and natural gas and low-carbon technologies, among other new energy solutions. The seven teams are: LH-GOLD ENERGY and LH-EST from Lạc Hồng University, AutoUTC and AutoUTC - … [Read more...] about University students ready for SMEA 2018
Phu Yen ready for an explosion of tourism: PM
Investors should turn the potential of central coastal Phu Yen Province into money, Prime Minister Nguyen Xuan Phuc said on Friday. Speaking at the largest investment promotion conference held in the province, Phuc asked the locality to continue to use tourism as its development momentum. “The province should attract big and prestigious investors while diversifying and improving tourism quality," he said. "It should also enhance links with other localities inside and outside the country.” Phu Yen has a north-south road system, railway, airways and seaway. It also has diversified natural resources, including sea economic sectors, hi-tech agriculture, agro-forestry, minerals and renewable energies. Phuc highlighted the advantages of the province and its dynamic authorities in welcoming “sunrise” development. The PM said he valued the province’s efforts in developing economic infrastructure and improving the investment environment. “With its advantages … [Read more...] about Phu Yen ready for an explosion of tourism: PM
Industrial parks ready to take off
A view of Long Hau industrial park in southern Long An Province. The strong development of industrial parks would make a large contribution to the domestic property market. – Photo longhau.com.vn The strong development of industrial parks would make a large contribution to the domestic property market, according to experts. In 2017, registered foreign direct investment (FDI) in Viet Nam rose 44.4 per cent, with 44.2 per cent of total inflows going to manufacturing and processing. Off the back of a successful APEC last year, the Government will focus on attracting high-tech and environmentally friendly projects. Investment will be encouraged in renewable energy projects, high-tech agriculture and smart cities, said Savills Viet Nam. “We’re seeing growing investor interest in the industrial market, directly into industrial zones as well as a rise in those seeking income-producing industrial assets, build-to-suit opportunities and logistics-based warehousing … [Read more...] about Industrial parks ready to take off
Regardless of retirement age, seniors not ready to call it a day in Vietnam
Six days a week, come rain or shine, 65-year-old Cao Duy Tan gets up at 6 a.m. to go to a private medical school in Hanoi where he works as a teacher. He has been working for around nine hours a day at the Tue Tinh School of Medicine since he “retired” five years ago. Due to his love for the job and desire to stay active, Tan is among a growing number of seniors in Vietnam who are continuing to work beyond the official retirement age of 60. According to Financial Times Confidential Research, some 65 percent of Vietnamese people aged 50 or over are still working. The ratio is the second highest in Southeast Asia, after Indonesia. Tan said he has contributed enough to the country’s national pension fund to get more than VND7 million ($307.3) per month now, which is enough for him and his wife to live on. The job, for him, is not a burden, but rather a source of pride which gives him energy. The attitude is common among many Vietnamese seniors who grew up … [Read more...] about Regardless of retirement age, seniors not ready to call it a day in Vietnam