Danang lights up with solar power Pham Ngoc Cong covered the 12sq.m roof of his 3-storey home with solar panels to generate power for his family’s daily needs. The renewable energy system has helped Công cut his household’s electric consumption by 30 per cent each month, while cooling the penthouse during the scorching heat of summer. The grid-tie solar power system produces 12 kilowatts per hour, supplying enough power for all electrical equipment including high consumption air conditioners and refrigerators, while solar-powered water heaters provide 24-hour hot water for family use. “It’s saved me quite a bit of money. I used to pay VND2 million (US$88) each month for my family’s use from the city’s grid, but I pay just VND1 million ($44) since the top-roof solar power system was installed two years ago,” Cong said. “Meanwhile, three water heaters, which were powered by solar energy, costs almost nothing from the power grid in … [Read more...] about Danang lights up with solar power
US plans limits on Chinese investment in US technology firms
The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology," a government official briefed on the matter said on Sunday. The official, whose comments matched a report by the Wall Street Journal, emphasized that the Chinese ownership threshold may change before the restrictions are announced on Friday. The move marks another escalation of President Donald Trump's trade conflict with China, which threatens to roil financial markets and dent global growth. Tariffs on $34 billion worth of Chinese goods, the first of a potential total of $450 billion, are due to take effect on July 6 over U.S. complaints that China is misappropriating U.S. technology through joint venture rules and other policies. The Treasury investment restrictions are expected to target key sectors, including several China is trying to develop as part of its "Made in China 2025" industrial plan, the … [Read more...] about US plans limits on Chinese investment in US technology firms
PM orders focusing efforts on addressing flood consequences in northern localities
Dealing with flood consequences in Tam Duong district of Lai Chau (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has issued a dispatch asking relevant ministries, sectors and localities to focus resources on search and rescue along with activities to overcome flood consequences in northern mountainous and midland provinces. As from June 22 night, the provinces suffered heavy rains and serious landslides, causing losses in human lives and property, especially in Lai Chau and Ha Giang. By late June 24, localities reported five deaths and eight people missing. The Government leader sent deepest sympathy to families of the victims, and required local authorities to support affected families, and providing safe shelter and food to locals. Localities were also asked to continue inspect areas with high risk of landslide and flashflood in order to timely issue warning and evacuate locals to safer places. The National Committee for Disaster Response, Search and Rescue, … [Read more...] about PM orders focusing efforts on addressing flood consequences in northern localities
HCMC vows to improve investment climate
(VEN) - Ho Chi Minh City (HCMC) People’s Committee Chairman Nguyen Thanh Phong has pledged enhanced efforts to improve the investment and business environment of the country’s largest metropolis. These efforts are particularly important for the city’s top priority of luring new-generation foreign direct investment (FDI) in high technology and urban development. Administrative reforms contribute to satisfying people and businesses, helping enhance investment effectiveness Effective investment attraction HCMC has achieved significant achievements in economic development. The municipal economy grew 8.25 percent in 2017, 25 percent more than the growth of the Vietnamese economy, with gross domestic product (GDP) for the first time exceeding VND1,000 trillion, contributing 22 percent to Vietnam’s GDP. Five years ago, the city encountered difficulties in attracting foreign direct investment (FDI). Following efforts to improve the investment … [Read more...] about HCMC vows to improve investment climate
Vietnam, Turkey foster scientific cooperation
At the signing ceremony for the cooperation deal between VASS and TUBA (Source: VOV) Hanoi (VNA) – A delegation of the Vietnam Academy of Social Sciences (VASS) led by its President Nguyen Quang Thuan recently paid a working trip to Turkey to foster scientific cooperation with its leading research organisations. The delegation held working sessions with President of the Turkish Academy of Sciences (TUBA) Ahmet Cevat Acar, Chairman of the Turkish Foreign Ministry’s Centre for Strategic Research Ufuk Ulutas, and Rector of Bahcesehir University Senay Yalcin. During the meetings, Thuan spoke highly of the development of bilateral ties in recent years, especially the Vietnam visit by Turkish Prime Minister Binali Yildirim in August 2017. He stressed that there remains room for bilateral coordination, and suggested increasing all-level visits, including those between the two countries’ research organisations. The Turkish side underscored the importance of … [Read more...] about Vietnam, Turkey foster scientific cooperation