Vietnam plans to expand its crude oil and petroleum product reserves to 75-80 days of net imports by 2030 and 90 days by 2050. The national petroleum and gas supply reserve infrastructure is predicted to cost VND270 trillion (US$11.4 billion) by 2030. Deputy Prime Minister Tran Hong Ha at the meeting. Source: VGP Minister of Industry and Trade Nguyen Hong Dien commented on March 30 during a meeting of the Appraisal Council for the draft National Petroleum and Gas Reserve Infrastructure Plan. The minister stated that the country's liquefied petroleum gas (LPG) storage infrastructure is limited, with only ten 10,000 m3 or larger warehouses. Furthermore, no operational liquefied natural gas (LNG) warehouses are nationwide. "The development of new gas pipelines connecting warehouses to consumers has also encountered challenges due to a lack of designated corridors within industrial parks for gas pipelines," Dien explained. In the case of petroleum, there … [Read more...] about $11 billion required for Vietnam’s oil and gas infrastructure development
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Vietnam, Australia eye stronger multifaced cooperation
Vietnam and Australia are actively coordinating to prepare for activities commemorating 50 years of diplomatic relations, including high-level visits, cultural events, people-to-people exchange, and tourism promotion. Australia aims to expand cooperation with Vietnam in many fields, such as energy, education, defense, science, technology, innovation, gender equality, and cultural exchange. Delegates looked at children's drawings on display at the program. Photo: VNA That's the statement of Australian Ambassador to Vietnam Andrew Goledzinowski during a friendship exchange to celebrate the 50th anniversary of establishing diplomatic relations between Vietnam and Australia (February 26, 1973). The event was jointly organized by the Australian Embassy in Vietnam, the Hanoi Union of Friendship Organizations and the Vietnam-Australia Friendship Association in Hanoi on March 31. Speaking at the ceremony, the Ambassador emphasized that the bilateral relationship … [Read more...] about Vietnam, Australia eye stronger multifaced cooperation
Vietnam a potential market for shoppertainment: report
Illustrative image (Source: baodautu.vn) Hanoi (VNA) – Vietnam is one of the most potential markets in the Asia-Pacific region for shoppertainment - a trend that combines online shopping with entertainment, according to a report named “Shoppertainment: APAC’s Trillion-Dollar Opportunity” by the US-based Boston Consulting Group ( BCG ) and TikTok. The report shows that the shoppertainment opportunity in the region is projected to expand to a market value of over 1 trillion USD by 2025, doubling from the 500 billion USD value last year. Indonesia, Japan, and the Republic of Korea will contribute 67% of gross market value (GMV) in shoppertainment by 2025, reflecting their large and established e-commerce bases. Meanwhile, Indonesia, Vietnam, and Thailand add to the mix of some of the region’s most exciting growth markets, and, alongside Australia, will contribute to a remarkable 63% compound annual growth rate (CAGR) over the next three years, quadrupling the market … [Read more...] about Vietnam a potential market for shoppertainment: report
Vietnam resolutely opposes Taiwanese live-fire drills in Ba Binh
The nation resolutely opposes and demands Taiwan (China) cancel live-fire drills taking place in the waters around Ba Binh (Itu Aba) which are part of Vietnam’s Truong Sa, also known as the Spratly Islands, said Pham Thu Hang, vice spokesperson of the Vietnamese Ministry of Foreign Affairs, on March 31. Spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang In reply to a reporter's query on the country’s reaction to the Taiwanese announcement of its live-fire drills, Hang said Vietnam has repeatedly affirmed that the exercises seriously violate Vietnamese territorial sovereignty over Truong Sa. Indeed, these actions threaten peace, stability, safety, and security of navigation, whilst also complicating the situation in the East Sea. The country demands that the Taiwanese side do not repeat such violations in the future, the spokesperson stressed. In reply to a reporter's query on Vietnam’s reaction to Taiwan’s announcement of its live-fire … [Read more...] about Vietnam resolutely opposes Taiwanese live-fire drills in Ba Binh
Vietnam, Italy agree on orientations to enhance Strategic Partnership
Vietnam ese Deputy Minister of Foreign Affairs Le Thi Thu Hang (R) and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi (Photo: VNA) Rome (VNA) – Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi co-chaired the fifth political consultation between the two ministries to discuss orientations to promote the bilateral Strategic Partnership in the coming time. The two sides expressed their delight that the consultation was held on the occasion of the 50th anniversary of the establishment of the bilateral diplomatic ties, and the 10th founding anniversary of the Strategic Partnership. They highly appreciated outstanding results in bilateral economic cooperation with the two countries becoming each other's important trading partner in the region. Two-way trade reached more than 6.2 billion USD in 2022, up 11% year-on-year, thanks to … [Read more...] about Vietnam, Italy agree on orientations to enhance Strategic Partnership
British national museum, library introduce items on Vietnam
Vietnamese Ambassador to the UK Nguyen Hoang Long presents gifts to the three speakers at the event. (Photo: VNA) London (VNA) – Speakers from the British Museum and Library have introduced documents on Vietnam’s culture and its long-standing ties with the UK, at a discovering-Vietnam event held at the D-Contemporary in central London. The March 30 event was organsied by the Vietnamese Embassy as part of its Vietnamese Days in the UK programme lasting from March 28 to April 27. One of the speakers, Sud Chonchirdsin, the curator for the Vietnamese collection at the British Library from 2005-2019, showed visitors to historical documents proving that the Vietnam-UK trade relationship was formed 350 years before the two countries officially established diplomatic relations in 1973. Among the items were two letters, one by Lord Trinh Tac sent in 1673 to William Gyfford, head of a delegation from the British Government’s British East India Company when the group came to … [Read more...] about British national museum, library introduce items on Vietnam
50th anniversary of Vietnam-Italy diplomatic ties celebrated in HCM City
An art performance at the ceremony (Photo: VNA) HCM City (VNA) – The People’s Committee of Ho Chi Minh City organised a ceremony on March 23 to celebrate the 50th anniversary of the diplomatic ties between Vietnam and Italy (March 23, 1973-2023). In his remarks, Chairman of the People’s Committee Phan Van Mai highlighted the increasingly close ties between the two countries, saying over the past 50 years, the bilateral relationship has grown actively across spheres, both bilaterally and multilaterally. The good traditional friendship has also been consolidated and enhanced, the official added. Notably, during the COVID-19 pandemic, Vietnam presented Italy with more than 300,000 masks, while Italy donated 2.8 million doses of vaccines to the Southeast Asian nation. This vividly demonstrates the intensive and effective strategic partnership and friendship between the two countries, he said. HCM City, for its part, has actively worked to promote cooperation with … [Read more...] about 50th anniversary of Vietnam-Italy diplomatic ties celebrated in HCM City
Vietnam emphasises global multilateral approaches to solving climate change issues
A meeting session of UN General Assembly. (Photo: VNA) New York (VNA) – A global problem, climate change requires a global approach based on multilateral cooperation and institutions, particularly the respect for international law and the UN Charter, Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), has said. Vietnam’s engagement in UN resolution that urges the International Court of Justice (ICJ) to outline nations' legal obligations related to curbing climate change disasters and their impacts on vulnerable communities proves the country’s point of view, the ambassador said in a recent interview to the Vietnam News Agency right after the resolution was adopted on March 29. The resolution, co-sponsored by 132 countries, calls on the ICJ to lay out nations' obligations for protecting Earth's climate, and the legal consequences they face if they don't. The court's opinion would be non-binding. Giang described the adoption of … [Read more...] about Vietnam emphasises global multilateral approaches to solving climate change issues
Vietnam calls for more investment from LG
Deputy Prime Minister Tran Luu Quang (R) and Kim Myoung-kyu, Vice President of LG Display Co Ltd. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang hosted a reception for Kim Myoung-kyu, Vice President of LG Display Co Ltd, a subsidiary of LG Group of the Republic of Korea (RoK), on March 31 in Hanoi. During the meeting, Quang suggested the RoK firm expand its investment in Hai Phong and other Vietnam ese localities and build a research & development centre in Vietnam. The Deputy Prime Minister highly appreciated the investment and business efficiency of LG Group and LG Display in particular in Vietnam, saying that those have contributed to the Southeast Asian nation’s socio-economic development, and deepening the Vietnam – RoK comprehensive strategic partnership. Quang said the Vietnamese Prime Minister has approved the adjusted master plan of Hai Phong city to 2040, with a vision towards 2050, which aims to expand the land fund for … [Read more...] about Vietnam calls for more investment from LG
This young man is the backbone of Vietnam’s community library network
Phung Ba Hung was recently named amongst the recipients of the Fulbright Master’s Program Scholarship so that he can continue to spread his love for reading in Vietnam. Hung’s passion for reading began when he was a child. It was not until after he graduated from the University of Social Sciences and Humanities under the Vietnam National University-Hanoi with a degree in journalism and media studies that he started sharing his passion with others through the launch of Duong Lieu. Duong Lieu is a private library he opened in his living room designed to create a safe space for neighborhood children to lose themselves in the magic of literature. When Hung, 33, launched Duong Lieu in 2013, the few private libraries that existed in his Hanoian neighborhood were primarily run by retired teachers, veterans, and the elderly. While these libraries were appreciated by many, they were not particularly approachable and child-friendly. “My knowledge of journalism and media has really … [Read more...] about This young man is the backbone of Vietnam’s community library network