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Vietnam, West Virginia bolster bilateral cooperation

The MoU was signed online on February 25 (Photo: VNA) Hanoi (VNA) - Representatives from the Vietnamese Ministry of Industry and Trade (MoIT) and the US state of West Virginia signed a memorandum of understanding (MoU) on February 25 to accelerate cooperation in economy, trade, and energy. The two sides aim to form a comprehensive cooperation framework to facilitate bilateral trade and investment ties in industry and energy, while increasing the exchange of information on business opportunities and supporting cooperation projects and the operations of businesses of both sides. Addressing the signing ceremony, Minister of Industry and Trade Tran Tuan Anh highlighted the special Vietnam-US partnership while lauding the role and effort of Congresswoman Carol Miller and Governor Jim Justice of West Virginia in promoting the US’s economic and trade ties with Vietnam in the US Congress and Government. This is a suitable time for the two sides to boost the partnership … [Read more...] about Vietnam, West Virginia bolster bilateral cooperation

Vietnam, US to enhance economic cooperation after Covid-19

The Hanoitimes - The US state wishes to boost bilateral trade with Vietnam in the energy sector. Representatives from the Vietnamese Ministry of Industry and Trade and the State of West Virginia (the US) on February 25 signed a memorandum of understanding to enhance cooperation in terms of economics, trade and energy. An overview of the meeting between he Vietnamese Ministry of Industry and Trade and the State of West Virginia (the US) on February 25. Photo: Bnews With the signing of this Memorandum of Understanding, the two sides set out the goal of establishing a comprehensive cooperation framework to facilitate trade and investment activities of businesses of the tso countries as well as formlinh a joint Working Group to promote cooperative activities. Speaking at the signing ceremony, Vietnam Minister of Industry and Trade Tran Tuan Anh emphasized the special importance of Vietnam-US relations and highly appreciated the role and efforts of Carol … [Read more...] about Vietnam, US to enhance economic cooperation after Covid-19

AES, PetroVietnam set up joint venture for US$1.4 billion LNG terminal

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

Young Vietnamese on the verge of becoming ‘lost generation’ amid pandemic

Nguyen Thanh Tung, 22, graduated from university in June 2020, and was thrilled to enter a new stage in life. But reality turned out to be harsher than he thought as he spent four months looking for a job in Hanoi and HCMC only to be repeatedly told "they will contact me when the Covid-19 pandemic is contained." He then decided to apply for a graduate course in the U.S. and was admitted, but the university has canceled on-campus classes meaning Tung cannot leave. "It is like someone has pressed the pause button on my life, and I do not know how to find my play button amid this pandemic." Millions of other young people share his plight as colleges are closed, jobs are hard to find and mental and financial issues grow. A man wears a protective mask as he drives past a banner promoting prevention against the Covid-19 pandemic in Hanoi, Vietnam July 31, 2020. Photo by Reuters/Kham. Many students have been unable to cope with virtual classes and the hiatus in … [Read more...] about Young Vietnamese on the verge of becoming ‘lost generation’ amid pandemic

Vietnam repatriates more than 13,000 citizens so far: Spokesperson

The Hanoitimes - The repatriation has started from April 10 and all returnees need to undergo mandatory quarantine upon arrival. Vietnam has brought home more than 13,300 citizens who were in need in different parts of the world amid the global health crisis. Vietnamese people on way home. Photo: Vietnam Airlines “As many as 13,323 returnees who were stranded in many countries and territories have been back to homeland on 55 repatriation flights since April 10,” Spokesperson Le Thi Thu Hang of the Ministry of Foreign Affairs (MOFA) said at a press conference on July 16. Hang said that since the spread of Covid-19 from the beginning of the year, many countries have imposed movement restrictions and suspended commercial flights, leaving a number of Vietnamese people stranded across the world. For that reason, Vietnamese authorities have cooperated with foreign countries’ agencies and airlines to make repatriation flights possible. The repatriation has … [Read more...] about Vietnam repatriates more than 13,000 citizens so far: Spokesperson

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