US$ 4.5 billion thermo-electric power plant built in Nam Dinh

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Deputy Prime Minister Hoang Trung Hai, has given approval to the project of a thermo-power plant, based in Nam Dinh, at the cost of US$ 4.5 billion. Expected to be in operation for 25 years, the power plant will be built by Korea's Taekwang Vina Industrial Company, the BOT contractor of investor Hashinco. Located on an area of 251ha in Hai Hau district, the first phase of the power plant, capable of 1,200MW, will be completed by 2017 and its capacity will be doubled by 2021 when the second phase will be completed. At present, Taekwang Vina is negotiating with relevant agencies to secure reasonable electricity prices. Source: Vnexpress Translated by Hoang Anh … [Read more...]

Nam Dinh vows to support RoK investor in power project

The authorities of the northern province of Nam Dinh pledged to help the Republic of Korea's Taekwang Vina Industrial Company to solve difficulties and speed up the implementation of its thermo-electric power project in Hai Hau district. Chairman of the provincial People's Committee Nguyen Van Tuan made the affirmation at a working session with Taekwang Chief Representative Park Hyang Soo on September 6. According to the provincial leader, the project has seen many favourable conditions as it won the backing of local people and the Government's approval for its purchase of domestic coal. He suggested Taekwang immediately inform the province about any difficulty so that the two sides can work together to deal with it. The RoK company submitted a pre-feasibility plan for the project in January this year and hopes to receive a license by the end of 2012. The Nam Dinh thermoelectric power plant, with a total investment of US$4.5 billion, will be built in Hai Chau and … [Read more...]

Deputy PM ends Mozambique visit

(VOV) - On August 1, Deputy Prime Minister Hoang Trung Hai left Mozambique, concluding his official visit to the African country. Earlier on July 31, the Deputy PM had a meeting with Speaker of the Mozambique Parliament Veronica Macamo who argued that economic and trade partnership between Mozambique and Vietnam is still far below their high cooperation potential. Hai suggested both sides should work closely to boost the friendship and cooperation in various fields, including legislation while expressing hope that the Vietnamese Government delegation’s visit will open a new chapter in bilateral ties. He also briefed his host on the recent socio-economic situation in Vietnam, saying that with similarities between the two countries, Vietnam and Mozambique could support each other for mutual progress. The same day, Hai and his entourage visited Movitel, a joint venture between Vietnam’s Viettel Group and Mozambique’s telecommunications sector. After three years … [Read more...]

Deputy PM wraps up visit to Mozambique

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Deputy Prime Minister Hoang Trung Hai receives Mozambique's Minister of Transport and Telecommunications (Photo: VNA) Deputy Prime Minister Hoang Trung Hai left Mozambique on August 1, concluding his official visit to the African country. Earlier on July 31, the Deputy PM had a meeting with Speaker of the Mozambique Parliament Veronica Macamo who noted that economic and trade partnership between Mozambique and Vietnam has yet to match their high cooperation potentials. In the future, both sides should work closely to boost the friendship and cooperation in all fields, including legislation, she said, expressing hope that the Vietnamese Government delegation’s visit will open a new chapter in bilateral ties. On his part, the Deputy PM briefed his host on the recent socio-economic situation in Vietnam, stating that with similarities between the two countries, Vietnam and Mozambique could support each other for mutual progress. The same day, Hai and his entourage visited … [Read more...]

Measures taken to bolster export of agro-forestry-aquatic products

Deputy Prime Minister Hoang Trung Hai has ordered the implementation of measures to remove difficulties and promote the export of agro-forestry-aquatic products. Accordingly, the State Bank of Vietnam (SBV) will continue working with the Ministry of Agriculture and Rural Development to effectively implement monetary policy management measures to increase business access to bank credit programmes to support manufacturing and the export of agro-forestry-aquatic products. The bank said it has specifically designed preferential credit programmes to facilitate the manufacturing and export of agro-forestry-aquatic products. Credit organisations are encouraged to balance capital sources and reduce loan interest rates for prioritised fields – including agriculture, rural development and exports. They are allowed to restructure business debt payment deadlines while improving consumer trust. The maximum interest rate for short-term loans in VND for prioritised sectors is 7 … [Read more...]

VN to support Mozambique

HA NOI (VNS)— Deputy Prime Minister Hoang Trung Hai said Viet Nam would continue sharing its experiences in agriculture, oil exploitation and communications with Mozambique and helping it train new technicians. Hai made the statement during a dialogue with Mozambique Prime Minister Carlos Agostinho do Rosario on Thursday in the southern African country's capital, Maputo, during a visit. Expressing his warm welcome to the Vietnamese leader, Rosario said the visit was a special event for the 40th anniversary of diplomatic relations between the two countries. The two leaders showed their satisfaction that the friendship between Viet Nam and Mozambique was growing well and expanding in various fields. Rosario congratulated Viet Nam on its progress in economic development, whereas Hai applauded Mozambique's socio-economic achievements and reform efforts. The leaders also agreed to strengthen exchanges and contacts among high-ranking officials, and mutual support at international … [Read more...]

Quang Binh to support fishermen

The north-central coastal province of Quang Binh has spent more than VND1.9 trillion (US$87 million) to support fishermen in offshore fishing this year, according to the province's People's Committee. The money was used to upgrade or build 80 boats, and provide marine insurance to fishermen. The province also plans to offer low-interest loans to help fishermen develop their business. LAO DONG (The Labourer) Students to travel the Ho Chi Minh Trail More than 135 students from primary schools in HCM City this week participated in an adventure programme called I Love My Country- Viet Nam launched by the city's Youth Union. The participants, who were selected by their schools, will travel along the Truong Son trail, known as the Ho Chi Minh Trail, to discover historical sites like Truong Son Martyrs Cemetery and meet Heroic Mothers and veterans. The programme will be organised every year for primary school students. The aim is to learn about the country's history and enhance respect … [Read more...]

Plan for Vietnam’s biggest museum, to cost over $500mn, meets opposition

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A project to build Vietnam’s biggest history museum at a cost of VND11,277 billion (US$517.68 million) has been panned by the public, who say carrying out such a huge project when the country’s economy still has problems is unnecessary. Vietnamese Deputy Prime Minister Hoang Trung Hai has assigned the Ministry of Construction to work with the Ministry of Planning and Investment and the Ministry of Finance on making a feasible investment plan for building the National History Museum in Hanoi. The museum project, which was approved by Prime Minister Nguyen Tan Dung in 2006 with capital from the state budget and other legal sources, is to be located in the Tay Ho Tay new urban area in the capital city. According to the 2012 project appraisal by the Ministry of Construction, the total investment in the National History Museum would be VND11,277 billion, excluding the displays. Under the plan, the 10ha museum will consist of a main building, a memorial, an outdoor … [Read more...]

Mozambique, Vietnam seek to boost bilateral ties

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Vietnamese Deputy Prime Minister Hoang Trung Hai. (Photo: VNA) Mozambican Prime Minister Carlos Agostinho do Rosário and Vietnamese Deputy Prime Minister Hoang Trung Hai have agreed to strengthen ties between the two countries through increasing delegation exchanges and high-level meetings, and supporting each other in international forums and organisations. The consensus was reached during talks in the capital city of Maputo, Mozambique on July 30, where the two leaders informed each other on their countries’ respective situations and reviewed the Vietnam-Mozambique increasing friendship. The host congratulated Vietnam on its successes in economic development while the guest praised Mozambique’s socio-economic achievements and recent reform efforts. They affirmed that the two peoples will continue supporting each other towards reaping greater success in national construction efforts. The Mozambican Prime Minister spoke highly of Vietnam’s assistance … [Read more...]

City seeks to boost E5 bio-fuel sale

Van Nam To boost sales of E5, a type of petrol mixed with 5% ethanol, the city government wrote to the Prime Minister on Monday asking for incentives such as amending the regulations on the assessment, certification, use of additives and standards on gasoline production. Currently, there are nine major fuel wholesalers having six general agents and 514 retail stores in the city. In November last year, 58 local gas stations began selling E5 but the number had risen to 155 by June this year. Average E5 sales from November to June reached 4,500 cubic meters per month, accounting for a mere 3% of total fuel sales in the city. The city is on target to increase the total number of stations selling E5 to 171 by end-September and 514 in late November. However, fuel wholesalers said it is difficult to speed up consumption of E5 as it is new to consumers. Local fuel trading firms are hesitant to sell this bio-fuel as they have to spend much on new filling stations and are concerned … [Read more...]

Vietnam, Mozambique promote ties

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(VOV) - Vietnam and Mozambique show their strong determination to foster cooperation in different fields on par with sound traditional friendship relations over the last 40 years. The consensus was reached at the talks between Deputy Prime Minister Hoang Trung Hai and Mozambique Prime Minister Carlos Agostinho Do Rosario on July 30. PM Rosario welcomed the Vietnamese high-ranking government delegation led by Deputy PM Hai to Mozambique and considered as a special event to mark the 40th anniversary of diplomatic ties. They briefed each other of the two countries’ situation and expressed their delight at fine development of bilateral cooperative relations in different fields. They agreed to further accelerate exchange visits, coordinate and provide mutual support at international forums and organisations. On the occasion, Hai conveyed an invitation of President Truong Tan Sang and Prime Minister Nguyen Tan Dung to the Mozambique President and Prime Minister to visit … [Read more...]

Vietnam wants to spur bilateral trade and economic cooperation with Mozambique

Deputy Prime Minister Hoang Trung Hai is leading a high-level government delegation to Mozambique

(VOVworld) – A high-level government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on Wednesday, beginning a three-day visit to Mozambique. The Vietnamese delegation laid a wreath at the statue of Hero Samora Machel, the first Mozambican President after Mozambique gained independence and freedom. Addressing a meeting with the Vietnamese Embassy in Mozambique, Deputy Prime Minister Hoang Trung Hai called on the embassy’s staff and the Vietnamese community to do all they can to spur bilateral trade and economic cooperation. Mr. Hai said that during the international integration process, Vietnam should focus on domestic economic development and expand economic cooperation and trade exchange. To that end, Vietnamese diplomatic missions should fulfill tasks assigned by the Party and State to boost national economic development. … [Read more...]

WB-funded water supply project added US$20 mln loan

Deputy Prime Minister Hoang Trung Hai has given the nod for the first phase of the "Urban Water Supply and Wastewater" project to receive an additional US$20 million loan from the International Development Association (IDA) of the World Bank (WB). The deputy prime minister requested the Ministry of Investment and Planning in coordination with the Ministry of Construction to work with the WB to allocate the additional loan to project components while the State Bank of Vietnam was appointed to work out the loan transfer method. The "Urban Water Supply and Wastewater" project includes two components. Its first component, including 14 sub-projects, aims to upgrade water supply and wastewater drainage systems in 10 provinces nationwide, such as Quang Ninh, Ninh Binh, Nghe An, Quang Tri, Quang Nam, Kien Giang, Lam Dong, Binh Duong, Binh Phuoc and Kien Giang and the second one involves technical support from the Ministry of Investment and Planning and the Ministry of Construction. The … [Read more...]

WB-funded water supply project added 20 mln USD loan

Deputy Prime Minister Hoang Trung Hai has given the nod for the first phase of the "Urban Water Supply and Wastewater" project to receive an additional 20 million USD loan from the International Development Association (IDA) of the World Bank (WB). The deputy prime minister requested the Ministry of Investment and Planning in coordination with the Ministry of Construction to work with the WB to allocate the additional loan to project components while the State Bank of Vietnam was appointed to work out the loan transfer method. The "Urban Water Supply and Wastewater" project includes two components. Its first component, including 14 sub-projects, aims to upgrade water supply and wastewater drainage systems in 10 provinces nationwide, such as Quang Ninh, Ninh Binh, Nghe An, Quang Tri, Quang Nam, Kien Giang, Lam Dong, Binh Duong, Binh Phuoc and Kien Giang and the second one involves technical support from the Ministry of Investment and Planning and the Ministry of Construction. The … [Read more...]

Road maintenance fee halt to be reported to PM in September

Road maintenance fee collection is difficult and low effective (Photo: SGGP)

Deputy Prime Minister Hoang Trung Hai has instructed the Ministry of Transport to consider the Central Road Maintenance Fund’s proposal to halt collection of road maintenance fee on motorbikes from next January and report to the Prime Minister before September 15. According to the Road Maintenance Fund, the fee collection has been very difficult and low effective after two years of implementation. The toll's revenue accounted for 21 percent of plan in 2013 and 2014 and continued reducing in the first half this year to reach only 6.71 percent of the year’s plan. The fund has attributed the issue to asynchronous collection organization in wards and communes. They have worked in their own ways to manage motorbike number and contribute the toll revenue to the state budget. Besides, sanctions on those not paying the fee as per Circular 133 issued by the Ministry of Finance last year were unfeasible and uncontrollable because penalization has come under the jurisdiction of … [Read more...]

Vietnamese Deputy PM visits Mozambique

A high-ranking government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on July 29, beginning a three-day visit to Mozambique at the invitation of Prime Minister Carlos Agostinho do Rosário. The delegation laid wreath at the statue of Hero Samora Machel – the first president of Mozambique after the country gained independence and freedom. They visited Ho Chi Minh Boulevard, which is the biggest and most beautiful street in Maputo. They also called at the Vietnamese Embassy in Mozambique and listened to Ambassador Nguyen Van Trung’s report on the embassy’s recent activities. Trung stressed the need to enhance trade and economic cooperation on par with the politic relations between the two countries in the coming time. Deputy PM Hai in turn spoke highly of the Overseas Vietnamese community’s effort to strengthen friendship and cooperative ties with Mozambique. He urged the OV community to pay further effort to spur … [Read more...]

Deputy Prime Minister commences Mozambique visit

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Deputy Prime Minister Hoang Trung Hai. Photo: VNA Deputy Prime Minister Hoang Trung Hai and his entourage begin a three-day Mozambique visit on July 29, at the invitation of the host country’s Prime Minister Carlos Agostinho do Rosário. On the first day of the visit, the Vietnamese delegation laid a wreath at the statue of Samora Machel, the first President of Mozambique after independence. After visiting a boulevard named after Vietnamese President Ho Chi Minh in central Maputo, the delegation met with staff of the Vietnam Embassy, during which Ambassador Nguyen Van Trung reported on the development of economic and trade ties between the two countries. He was also briefed on the work of Vietnamese experts in education, health and agriculture, who are currently working in the country under bilateral cooperation pacts between the two nations. Agreeing with Ambassador Trung, Deputy Prime Minister Hoang Trung Hai said the Vietnam-Mozambique relations has recorded … [Read more...]

Deputy PM Hoang Trung Hai visits Mozambique

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(VOV) - A high-ranking government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on July 29, beginning a three-day visit to Mozambique at the invitation of Prime Minister Carlos Agostinho do Rosário. The delegation laid wreath at the statue of Hero Samora Machel – the first president of Mozambique after the country gained independence and freedom. They visited Ho Chi Minh Boulevard, which is the biggest and most beautiful street in Maputo. They also called at the Vietnamese Embassy in Mozambique and listened to Ambassador Nguyen Van Trung’s report on the embassy’s recent activities. Trung stressed the need to enhance trade and economic cooperation in par with the politic relations between the two countries in the coming time. Deputy PM Hai in turn spoke highly of the Overseas Vietnamese community’s effort to strengthening friendship and cooperative ties with Mozambique. He urged the OV community to pay further effort to … [Read more...]

Deputy PM Hai visits Mozambique

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(VOV) - A high-ranking government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on July 29, beginning a three-day visit to Mozambique at the invitation of Prime Minister Carlos Agostinho do Rosário. The delegation laid wreath at the statue of Hero Samora Machel – the first president of Mozambique after the country gained independence and freedom. They visited Ho Chi Minh Boulevard, which is the biggest and most beautiful street in Maputo. They also called at the Vietnamese Embassy in Mozambique and listened to Ambassador Nguyen Van Trung’s report on the embassy’s recent activities. Trung stressed the need to enhance trade and economic cooperation on par with the politic relations between the two countries in the coming time. Deputy PM Hai in turn spoke highly of the Overseas Vietnamese community’s effort to strengthen friendship and cooperative ties with Mozambique. He urged the OV community to pay further effort to … [Read more...]

Firms urged to develop brand names

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Saigontourist Company showcases its products and services at an exhibition. Enterprises are urged to attach special importance to building their brand names. — Photo nld.com.vn DA NANG (Biz Hub) — Enterprises must attach special importance to building their brand names, they were urged during a seminar held in the central city of Da Nang on July 29. Do Kim Lang, the deputy head of the Viet Nam Trade Promotion Agency (Vietrade), said brand names play an important role in helping companies maintain and expand markets, both at home and abroad, as well as in resisting unhealthy competition. Brand building efforts are specially important since local firms are facing stiff competition right at home as the country becomes more and more integrated into the global economy, he said. "Worldwide, countries in general and ASEAN nations in particular, have been racing to enhance competition and build capacity, considering trade name development as a core strength. Inspite of that, … [Read more...]