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An innovative start up assistance project

/ September 10, 2020

UNESCO to help Hanoi become a hub of innovation in Asia

The Hanoitimes - UNESCO will help Hanoi connect with cities in other countries as well as those who are interested in the city’s development. The United Nations Educational Scientific and Cultural Organization (UNESCO) is willing to help Hanoi become a hub of innovation in Southeast Asia and Asia, Kinh Te & Do Thi quoted UNESCO Representative to Vietnam Michael Croft as stating at a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue in Hanoi on September 9. During its development, Hanoi has attached special importance to upholding the values of cultural heritage, Mr. Michael Croft said, adding that by including Hanoi in the Creative Cities Network, UNESCO hopes to promote such values. Secretary of the Hanoi Party Committee Vuong Dinh Hue receives UNESCO Representative to Vietnam Michael Croft. Photo: Thanh Hai The UNESCO representative said that Hanoi is expected to change from a creative city to a creative center and then the creative capital of Southeast Asia and Asia, on the basis of heritage, culture, and peace. After that, the city can become a dynamic and creative city worth living in the 21st century. To accomplish the above-mentioned goal, UNESCO is working on a project with the major pillars of education, urbanization, culture, and soft power that have attracted the attention from many partners worldwide, including those in Vietnam, according to Mr. Croft. He stressed that, under the project, UNESCO will help Hanoi connect with cities in other countries as well as those who are interested in the city’s development. Mr. Croft also congratulated Vietnam in general and Hanoi in particular on their achievements in the fight against the Covid-19 pandemic. For his part, Secretary of the Hanoi Party Committee Vuong Dinh Hue highly valued UNESCO’s activities in Hanoi as well as in Vietnam recently. Hanoi was honored to be recognized by UNESCO as a “City for Peace” and included in the UNESCO Creative Cities …

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/ March 14, 2018

PVN to seek Japanese funding for US$10-billion petroleum project

The Hanoitimes - PetroVietnam (PVN) and the Japan Bank International Cooperation (JBIC) are discussing financial arrangements for the Block B gas project and 52/97 field development project, announced PVN on its website. Following the discussion, JBIC will consider providing funding for the Block B and 52/97 projects without a guarantee from the government. PVN to seek Japanese funding for US$10-billion petroleum project. Block B gas project is one of the largest of its kind in Vietnam, with a total investment of US$10 billion. With such large investment, stated PVN, the search for an appropriate financial arrangement has been a major concern for foreign partners taking part in the project. Following the schedule, the project will award the contract and sign the first engineering, procurement, construction and installation (EPCI) contract in June, while the second EPCI will be inked in July. Block B gas project includes 2 components. The first component is to develop the Block B gas field worth US$6.8 billion, which will be financed and operated by PVN (42.896%) in partnership with PVEP (26.788%), Mitsui Oil Exploration Co. Ltd. (22.575%) and PTTEP (7.741%). The Block B field development will include one central technology platform, 46 operations platforms, a housing platform, one condensate vessel and drilling of 750 production wells. The second component is the US$1.2-billion 431km-long Block B – O Mon gas pipeline, with PVN, PVGas, Mitsui Oil Exploration Co. Ltd. and PTTEP forming a joint collaboration for the pipeline development. The project will produce and transport gas from the three fields to the power plants located in Kien Giang and O Mon regions. It is estimated that approximately 5.06 billion cubic meters of gas per year will be transported onshore from the total estimated reserves of 3.78 billion cubic feet for a period of 20 years starting in 2020. The project is expected to assist Vietnam in achieving its …

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/ March 4, 2021

HCM City: early start proposed for over 4.8 trillion VND traffic project

Costing more than 4.84 trillion VND (211.2 million USD), the project is slated to complete in July 2023, in conjunction with the completion of the Tan Son Nhat international airport’s Terminal 3. The project, approved in December 2019, includes the building of a six-lane 4km road, an intersection tunnel, and a 1,200m overpass in front of the Terminal 3. Apart from the project, the city also conducting procedures to implement the expansion of Hoang Hoa Tham road and upgrading of Cong Hoa road around the Tan Son Nhat airport. The construction of both projects was initially set to begin in 2020 but it was delayed due to problems in site clearance. Source: VNA …

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