Arctic tundra water sources

Khanh Hoa province, on the south-central coast, has recently been leading the way in attaining attraction from both domestic and foreign financiers when it comes to the gas and electricity sector. Among the suitors is one from the United States, proposing the Millennium gas power project with a forecast capacity of 14,400MW and 17 million tonnes of storage for liquefied natural gas (LNG) per year. Joining in are Embark United Co., Ltd. and US Quantum Corporation to establish a 6,000MW gas power venture and a port warehouse to receive and process six million tonnes of LNG per year. Japanese investors did also not ignore the opportunity to develop gas power projects in Khanh Hoa, as Sumitomo Corporation proposed to invest in a 3,000MW gas power scheme and a storage system for three million tonnes of LNG per year, while J-Power Co., Ltd. wants to invest in a gas turbine power project with a capacity of 3,000MW. Despite a slightly slower approach, the province is also seeing the presence of more domestic investors, led by Electricity of Vietnam which proposed a 6,000MW gas power project, while Petrolimex wants to build a warehouse for around three million tonnes of LNG per year. Those involved in the gas power sector all understand that developing such a project in Vietnam is a difficult task, as the country is still in the process of building its Power Development Plan 8 (PDP8). Nevertheless, the total installed capacity of power sources by 2030 is supposed to reach 137.2GW, of which gas accounts for 21 per cent. Tran Ky Phuc, director of the Institute of Energy under the Ministry of Industry and Trade (MoIT) – the unit in charge of building the PDP8 – said that electricity demand in this plan is calculated lower than in the revised PDP7, reducing the forecast amount by 3-4 billion kWh in 2020 and 9-10 billion kWh in 2030. Realistic needs The development of gas power sources in Vietnam is the result of the exhaustion of fossil fuels, the …

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Vo Van Hoan, Vice Chairman of the city People’s Committee, said in the first two months, on average the city collected 2.9 trillion VND each day, which was higher than the average daily revenue. In January, the city collected 40 trillion VND, up 2.9 percent year-on-year, he added. To date it has collected 74,500 billion VND, accounting for more than 20 percent of the year’s target, up 10.5 percent year-on-year. The Tax Department aims to collect at least 25 percent of the yearly budget revenue target in the first quarter. The city’s retail sales of goods and services increased by 4.7 percent, while industrial production went up 6 percent in the first two months. The city’s exports reached 8 billion USD, a rise of 25 percent year-on-year (three major exports with increased revenues are fertilisers, plastic materials and auto spare parts). More than 3,800 enterprises resumed operation in the first two months (up 3 percent year-on-year). Some 700 enterprises completed dissolution procedures in the period (down 14.5 percent year-on-year). However, the service sector, especially tourism and accommodations, which accounts for more than 60 percent of the city’s total budget revenue, has been hit hardest. Tourism revenues decreased by 70 percent with accommodation services dropping by 14 percent. The outbreak has caused a significant decline in international visitors to the country, according to Hoan. For pandemic prevention, the city has contained the infection hotspot at Tan Son Nhat international airport with 36 cases recorded since the end of January. The city has gone 20 days without any locally transmitted infections, he said. Some non-essential services have gradually reopened. Students returned to school on March 1. The city has ordered individuals and organisations to continue to strictly implement precautions against the virus. “The city is always ready for the worst pandemic scenario,” he said. Regarding tasks for 2021, the city will …

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Participants in the event included Vietnamese Ambassador to Cuba Le Thanh Tung and Cuban Ambassador to Vietnam Orlando Nicolas Hernandez. Deputy Minister Son spoke of Vietnam’s situation, including the prominent outcomes of the 13th National Party Congress, measures in response to COVID-19, economic development, and social security ensuring. He affirmed that Vietnam always treasures and wishes to continue deepening the special traditional friendship and comprehensive cooperation with Cuba. For his part, Gonzalez also informed about the situation of his country, countermeasures to address difficulties caused by sanctions and the COVID-19 pandemic, and the updating of the socio-economic model. The two officials reviewed and assessed the areas of cooperation between Vietnam and Cuba, as well as between the two foreign ministries. They also looked into ways to develop bilateral relations in a more intensive and comprehensive manner. They agreed to keep close coordination to organize high-level visits when possible; effectively carry out cooperation mechanisms; increase exchanges between the countries’ ministries, sectors, and businesses; promote trade and investment ties; and work together in such spheres as food security, education, healthcare, science - technology, culture, sports, and tourism. At the consultation, the deputy foreign ministers had in-depth discussion about global and regional issues of shared concern. They concurred in the continuation of coordination and mutual support at international organizations and multilateral forums of which both Vietnam and Cuba are members. Source: VNA …

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