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The direct power purchase agreement is expected to promote renewable energy development in Viet Nam. — Photo vnbussiness.vn Big customers could buy electricity directly from the generators in a pilot programme to develop a mechanism for a direct power purchase agreement (DPPA). This was a highlight in a recent draft Prime Minister’s decision about the direct power purchase mechanism between renewable energy generators and big customers, which was raised for public comment. Under the draft, the total capacity of power plants to join in the pilot programme would be less than 1,000MW. The e-portal for registration would be opened for 30 working days to receive application files. After that, the Ministry of Industry and Trade would announce the pilot mechanism within 15 working days and the list of generators and customers to join the pilot programme within 30 working days. Power generators and customers could negotiate and sign contracts, including the completion of … [Read more...] about Big customers to buy electricity directly from generators

MPI Deputy Minister Tran Quoc Phuong expects a strong recovery of the economy GDP growth in the first quarter was estimated at 5 per cent on-year. Inflation was controlled and the consumer price index in the first four months increased by 2.1 per cent. Vietnam's Business Climate Index by EuroCham has risen to 73 percentage points, an increase of 12 points over the last quarter of 2021, which is the highest since the fourth wave of the pandemic, showing that business executives are upbeat as the country opens up. The number of newly-established enterprises in the first four months hit almost 50,000. Analysing the impact of the world's economic movement on Vietnam, economist Can Van Luc pointed out the forecast of two GDP growth scenarios for the coming years. In the first one, the GDP growth of Vietnam will raise by 5.5-6 per cent, while in the negative scenario, it will be 4.5-5 per cent. Which occurs will be dependent on the process of pandemic prevention, socioeconomic … [Read more...] about Specific solutions needed for a strong recovery

Vietnamese Prime Minister Pham Minh Chinh has hailed the U.S.’s policy to support a strong, independent and prosperous Vietnam and affirmed that the U.S. is one of leading partners of the Southeast Asian country. PM Chinh made the statement at his meeting with U.S. Secretary of State Antony Blinken in Washington, D.C on Friday on the sidelines of the ASEAN – U.S. Special Summit that took place on May 12 to 13. Chinh had earlier arrived in the U.S. on Wednesday for his weeklong trip to the country and attendance of the summit, at the invitation of U.S. President Joe Biden. The PM congratulated the U.S. on successfully responding to the COVID-19 pandemic and bringing life back to normal, as vividly illustrated by the hosting of the summit, in which the U.S. State Department as well as Secretary Blinken personally play a very important role. The Vietnamese government leader also extended his thanks to the U.S. government and people for offering Vietnam nearly 40 million doses of … [Read more...] about US among top important partners of Vietnam: PM Chinh

Speaking at the closing ceremony, N.A. Chairman Vuong Dinh Hue asked relevant agencies to urgently collect opinions of the N.A. Standing Committee to finalise reports, and submit them to the 15th N.A. at its upcoming third meeting. He noted that the draft laws expected to be submitted to the N.A. for approval at the 3rd meeting have been basically completed. Projects submitted to the N.A. for comment for the first time have also been prepared carefully; therefore, the N.A.’s agencies and related units need to focus on making careful preparations for the 3rd meeting. During the 11th session, the N.A. Standing Committee approved a Resolution on the establishment of Phuong Son township in Luc Nam district and Bac Ly township in Hiep Hoa district in the northern province of Bac Giang. N.A. Chairman Hue requested relevant agencies to urgently finalize the draft resolution for early signing and issuance. Regarding the central budget allocation plan in the 2021 - 2025 period and … [Read more...] about N.A. Standing Committee’s 11th session wraps up

An 18-year-old white gunman shot 10 people to death and wounded three on Saturday at a grocery store in a Black neighborhood of upstate New York, before surrendering after what authorities called an act of "racially motivated violent extremism." Authorities said the suspect, who was armed with an assault-style rifle and appeared to have acted alone, drove to Buffalo from his home several hours away to launch the afternoon attack that he broadcast in real time on social media platform Twitch, a live video service owned by Amazon.com. Eleven of the 13 people struck by gunfire were Black, officials said. The two others were white. The racial breakdown of the dead was not made clear. Court papers named the suspect as Payton Gendron of Conklin, a town of about 5,000 people in New York's Southern Tier region near the Pennsylvania border. He was arraigned hours after the shooting in state court on first-degree murder charges, which carry a maximum penalty of life in prison without … [Read more...] about Gunman kills 10 in live-streamed racial attack on New York state supermarket

Vietnam advanced to semi-finals with all four winning matches. Vietnam continued winning in the fourth and final match of the group stage at SEA Games 31 by a 2-0 win against Timor Leste at Viet Tri Stadium, north of Hanoi on May 15, securing the first place in Group A with 10 points. Vietnam U23 players celebrate goals in match against Timor Leste on May 15. Photo: Anh Khoa The home team’s goals were scored by Van Tung, 53’, and Thanh Minh, 65. In all four matches of the group stage, the team was unable to score in the first half. In this game, Vietnam had fewer chances and more false passes than in the previous matches as Coach Park Hang-seo kept good footballers, including three overage players Hoang Duc, Tien Linh, and Captain Hung Dung for substitution. The South Korean tactician sent new faces to the match. “The players gave their best, and I am grateful to them for that. But from now on, the team has to improve its organization to be able to play … [Read more...] about SEA Games 31: Vietnam end group stage without conceding goals

Vietnam advanced to semi-finals with all four winning matches. Vietnam continued winning in the fourth and final match of the group stage at SEA Games 31 by a 2-0 win against Timor Leste at Viet Tri Stadium, north of Hanoi on May 15, securing the first place in Group A with 10 points without conceding a goal. Vietnam U23 players celebrate goals in match against Timor Leste on May 15. Photo: Anh Khoa The home team’s goals were scored by Van Tung, 53’, and Thanh Minh, 65. In all four matches of the group stage, the team were unable to score in the first half. In this game, Vietnam had fewer chances and more false passes than in the previous matches as Coach Park Hang-seo kept good footballers, including three overage players Hoang Duc, Tien Linh, and Captain Hung Dung for substitution. The South Korean tactician sent new faces to the match. “The players gave their best, and I am grateful to them for that. But from now on, the team have to improve its … [Read more...] about SEA Games 31: Vietnam end group stage without conceding a goal

In the eighth minute of the Sunday match, with the score 0-0, Vietnamese midfielder Le Van Do tried to cross inside from a free kick. But before Do could touch the ball, the Timor Leste defense moved up before six Vietnam players could retreat, placing them all in an offside position. In the ASEAN Football Community forum, a fan wrote: "A simple trick but Vietnam still fell for it." "I didn’t watch the game, is this real?" a fan commented. A few opinions held that such play exposed Vietnam’s inexperience, while others saw it as a well-oiled trick by Timor Leste. Such instances are uncommon in football. During World Cup 2018, Japan did the same against Senegal, displaying great timing and concentration. In the game between Vietnam and Timor Leste in Viet Tri Stadium in the northern province of Phu Tho, the host found the net twice in the second half and eventually won 2-0. This victory put them at the top of group A with 10 points after 10 games. The squad will face either … [Read more...] about Vietnam mocked for falling into Timor Leste offside trap

Illustrative photo. (Source: VNA) Hanoi (VNA) – It will be a challenge to keep Consumer Price Index ( CPI ) growth under 4 percent this year, according to an economist. Vietnam's CPI picked up 2.1 percent in the first four months of 2022 , much higher than the same period last year’s 0.89 percent but still lower than that of 2017 (4.8 percent) and 2020 (4.9 percent), commented Dr. Tran Toan Thang, head of the Department of Industrial and Business Forecast at the National Centre of Economic Forecast and Information. April CPI advanced 2.09 percent compared to December 2021 and 2.64 percent year-on-year as a result of an increase in prices of nine out of eleven commodities and services. Prices of transport services surged 16.59 percent last month, causing the overall CPI to gain 1.6 percentage points. As major economies like the EU, US, and UK are seeing inflation climbing to record highs in decades, it still looks okay for Vietnam, he said. However, he warned that … [Read more...] about Keeping CPI below 4 pct this year a challenge: Economist

China's withdrawal from hosting the 2023 Asian Cup could see the showpiece shift west to the Gulf, where new infrastructure and voracious demand for major events has made the region a magnet for international tournaments. Having planned to hold the Asian Cup across 10 cities in June-July next year, China dropped the 24-team tournament due to "exceptional circumstances caused by the COVID-19 pandemic", the Asian Football Confederation (AFC) said over the weekend. The AFC said it would name a new host in due course but provided no detail and declined to provide immediate comment to Reuters . AFC member nations were in the dark on Monday about the next steps. "This is quite an unusual situation and so there’s no specific process that we are aware of on how things could go," a spokesperson for the Korean Football Association (KFA) told Reuters . "We just know that China has given up." The AFC has little time to appraise candidates and may not have a diverse set to choose … [Read more...] about China withdrawal could see 2023 Asian Cup heading west