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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

The Hanoitimes - All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc. An open mindset is needed when it comes to drafting the Public-private partnership (PPP) Law to attract investment from all players, according to Prime Minister Nguyen Xuan Phuc. Illustrative photo. A specialized law on PPP is an urgent matter, Phuc said at a discussion session on the draft PPP law, which has been submitted to the National Assembly for consideration for the first time According to Phuc, all fields, except for security and national defense, must be open for investment. “A simplification of legal procedures would help maintain a positive investment environment, but an old mindset is restricting the country’s economic development,” said Phuc, adding foreign investors pay much attention to issues related to laws and regulations. Meanwhile, Phuc said due to the lack of awareness about legal protection, … [Read more...] about Open mindset needed for public-private partnership law: PM