Work begins on 800 billion VND solar power project in Ninh Thuan

10:00 | 22/02/2018 Industry Follow Ven.vn on

Vietnamese BIM Group and AC Group, the energy unit of the Philippines’s Ayala Corporation, began construction of a solar power plant (BIM 1 project) in Phuoc Minh commune, Thuan Nam district, the central coastal province of Ninh Thuan last month.

Work begins on 800 billion VND solar power project in Ninh Thuan

At the ground-breaking ceremony - Photo: VNA

The project, covering 35 hectares, has a designed capacity of 30MWp with total investment of 800 billion VND (US$35.4 million). More than 90,000 solar panels will be installed at the plant together with other advanced technologies.

Upon completion in the third quarter of this year, the plant will contribute 50 million kWh to the national grid yearly.

At the ground breaking ceremony, Chairman of BIM Group Doan Quoc Viet noted that the plant is significant to ensuring energy security, mitigating the impacts of climate change and bringing economic benefits to the nation.

AC Energy CEO Eric Francia said his company is interested in energy investment in Vietnam and wants to become a pioneer investor in renewable energy.

Ninh Thuan province holds good solar energy potential as it has average sunshine hours of 2,600-2,800 per year. The province is finalising a master plan for solar energy from 2016 to 2020 with a vision to 2030, which aims to generate some 2,000MW of electricity by 2020.

VNA

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Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Support industries vital for global integration

06:00 | 18/01/2023 Support industries

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.

Hanoi facilitates specialty product development

06:00 | 15/01/2023 Industry promotion

(VEN) - Nguyen The Hiep, Deputy Director of the Hanoi Department of Industry and Trade, said 426 Hanoi-based enterprises, cooperatives and production households have so far created 1,649 certified OCOP (One Commune One Product) products of high quality and reasonable price, 65 percent of which are food products.

So Village’s vermicelli goes global

06:00 | 14/01/2023 Industry promotion

(VEN) - Son Lo Village (also known as So Village) in Cong Hoa Commune of the capital’s suburban district of Quoc Oai, about 20 kilometers from downtown Hanoi, has become a major vermicelli center. The village’s safe, clean vermicelli products have been exported to Malaysia, Japan, and Germany.

Nghe An Province increases local content of industrial products

06:00 | 06/01/2023 Province

(VEN) - Nghe An is one of the chosen destinations of large international investors shifting their supply chains to Vietnam, providing businesses in the north-central province with access to new opportunities for support industry development.

Ba Vi, the place to buy Hanoi specialties

15:00 | 26/12/2022 Metropolis

(VEN) - Nguyen The Hiep, Deputy Director of the Hanoi Department of Industry and Trade said the capital’s suburban district of Ba Vi has formed organic and safe agricultural production areas, and registered brands for its products. These include Ba Vi milk and tea, Minh Hong vermicelli, Dong Thai sweet potato, and Ba Vi hill chicken, among others. The district has developed 138 OCOP (one commune one product) products.

Rural products fall short of potential

10:00 | 24/12/2022 Industry promotion

(VEN) - Outstanding rural industrial products have been honored for 10 years throughout Vietnam, boosting rural industrial development. However, several problems need to be addressed to improve the products’ promotion.

Vice President hails Vietsovpetro for contributions to energy security

13:00 | 23/12/2022 Energy

Vice President Vo Thi Anh Xuan on December 22 lauded the Russia-Vietnam oil and gas joint venture Vietsovpetro and the Vietnam Oil and Gas Group (Petrovietnam) for their achievements in 2022, contributing to ensuring energy security, state budget revenue, and economic diplomacy.

Mitsubishi Power to upgrade two gas turbines at Tuas Power

09:45 | 20/12/2022 Energy

(VEN) - Introduction of the latest technologies for two M701F gas turbines will help enhance plant’s output and generating efficiency; Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.

EVN demands flexible mechanism for electricity prices

13:00 | 17/12/2022 Industry

Vietnam Electricity (EVN), the country's largest power company, has proposed a new price mechanism, one that is better tuned to input price fluctuations, for electricity.

Latest Most Read

Prime Minister demands faster disbursement of public investment capital

17:29 | 03/02/2023 Policy

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.

Trade ministry to support enterprises in boosting exports

13:19 | 03/02/2023 Foreign trade

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.

Food and beverage industry to do well this year despite modest economy

13:00 | 03/02/2023 Industry

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).

Leaders pay tribute to President Ho Chi Minh on Party’s founding anniversary

11:57 | 03/02/2023 News and Events

A delegation of Party, State, and Viet Nam Fatherland Front (VFF) leaders paid tribute to President Ho Chi Minh at his mausoleum in Ha Noi on February 3 on the occasion of the 93rd founding anniversary of the Communist Party of Viet Nam.

Hunting for real estate investment opportunities after Tet

09:32 | 03/02/2023 Property

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Hanoi tourism meets recovery targets

06:00 | 09/01/2023 Metropolis

(VEN) - An estimated 17.02 million tourists visited Hanoi in the first 11 months of 2022, over five times the figure in the corresponding period last year. That includes 1.27 million foreign tourists, meeting the minimum target set for the year.

Customs sector leads in IT application

06:00 | 05/01/2023 Digitalization

(VEN) - A new information technology (IT) system developed by the General Department of Vietnam Customs (Vietnam Customs) under its administrative reform is expected to generate savings of about VND920 billion in the next five years for 92,000 importers, exporters and operators of warehouses, yards and ports.

Nghe An Province increases local content of industrial products

06:00 | 06/01/2023 Province

Rosy prospects for Vietnam-Argentina trade

06:00 | 04/01/2023 Vietnam and other regions

(VEN) - Commercial ties between Vietnam and Argentina are expected to expand in 2023. Ahead of the New Year, Argentine Ambassador to Vietnam Luis Pablo Mara Beltramino spoke with Vietnam Economic News’ Hoa Quynh and Thu Trang.

Multimedia

Video Longform Infographic Photo

Calligraphy for the new year

03/02/2023 20:00 Video

The sight of old men in traditional costumes writing calligraphy during Lunar New Year was once very popular in the days gone by. The tradition has long disappeared in modern times but it is being revived at the Spring Calligraphy Festival held in the capital Hà Nội. After two-year hiatus due to COVID-19, calligraphers, both local and international, are excited to be able to write again.

The joy of Tết for Mông people

30/01/2023 08:02 Video

Unlike the majority of Vietnamese Kinh people, every year the Mong people often welcome the Lunar New Year around one month earlier. This year, the Mong people in mountainous Ha Giang Province have had a happier and better Tet after two years of COVID.

My Phong Nha

02/03/2022 18:00 Video

Phong Nha stands out with more than 300 caves, some of which are internationally famous. The caves and jungle create a unique landscape and terrain that you can rarely find in other places in the world.

Fireworks show to welcome the New Year 2023 in HCMC

06/01/2023 16:47 Video

(VEN) - Residents in Vietnam’s southern hub – Ho Chi Minh City (HCMC) – gathered for a countdown event with a beautiful fireworks show to welcome the New Year 2023 at the Bach Dang Speed Ferry Terminal.

Vietnam – Potential destination for Italian businesses

15/10/2018 11:09 Video

This year, Vietnam and Italy celebrate the 45th founding anniversary of the Vietnam-Italy diplomatic ties with many achievements in all fields, including the growth of economic cooperation. The remarkable achievements were contributed by trade and investment promotion activities organized by the Italian Chamber of Commerce in Vietnam (ICHAM). Vietnam Economic News’ reporter talked with Mr. Michele D'Ercole - Chairman of ICHAM in Vietnam about these matters.

Policy

Prime Minister demands faster disbursement of public investment capital

17:29 | 03/02/2023 Policy

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Industry & Trade

Food and beverage industry to do well this year despite modest economy

13:00 | 03/02/2023 Industry

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

15:05 | 02/02/2023 Industry

Hanoi eyes 950 firms in support industries this year

06:00 | 02/02/2023 Support industries

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.

Vietnam to reduce environmental impact of textile-garment industry by 2030

06:00 | 01/02/2023 Industry

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Investment

Greening foreign investment

06:00 | 03/02/2023 FDI

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.

Southeast region prepares for new FDI wave

09:18 | 02/02/2023 FDI

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Finance-Banking

Tax revenue up 4.4 percent year-on-year in January

08:40 | 03/02/2023 Finance-Banking

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

WHO to share mRNA vaccine technology with VietNam

09:14 | 30/01/2023 Science - Technology

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Society

Hunting for real estate investment opportunities after Tet

09:32 | 03/02/2023 Property

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.

Vietnamese university up 97 places in Webometrics ranking

10:00 | 02/02/2023 Society

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.

PM inspects national key transport projects

09:36 | 31/01/2023 Society

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

A great chance to invest in commercial property

10:46 | 30/01/2023 Property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

Work begins on 800 billion VND solar power project in Ninh Thuan

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