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Ca m

/ February 27, 2021

V. League club agrees to compensate Italian coach

"We will follow FIFA’s verdict in this case," Pham Nguyen Hong, director of Thanh Hoa Province Culture, Sport and Tourism Department and chairman of Thanh Hoa Football Federation, said. After being sacked by Thanh Hoa for underwhelming results at the start of V. League 2020, Lopez brought the arbitration to FIFA. The 47-year-old coach claimed Thanh Hoa had violated the two-year contract he signed with the club previously by not compensating him following its termination. After nearly a year, FIFA awarded the case to Lopez and his assistant, forcing Thanh Hoa to pay them $187,000. The club will have to complete the payment within 45 days or be banned from signing any new players, domestically or internationally and in the worst case, demoted. Thanh Hoa will not bring this case to the Court of Arbitration for Sport (CAS), since their winning chance is thin. If the club fails to make a case, they would have to pay another $30,000 in court fees. Previously, they filed an appeal against Senegalese player Idrissa Sega Cisse but lost. As a result, Thanh Hoa still had to pay Cisse $58,420 in compensation and $20,000 in court fees. Thanh Hoa is currently waiting on Lopez to provide them the necessary details in order to complete the transaction. The club’s new sponsor stated it would not pay for this case since it happened before it came on board. Therefore, the responsibility belongs to Thanh Hoa Football Federation. Before coaching Thanh Hoa, Lopez had managed many academy squads for Italian clubs like Atalanta and ACF Fiorentina as well as clubs in Eastern Europe and Asia. …

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/ February 27, 2021

Quang Binh gets new national intangible cultural heritages

The traditional rice farming ritual the Van Kieu ethnic minority in Quang Ninh District’s Truong Son Commune usually takes place on the 11th-14th days of the seventh lunar month. It is held to pray for a year of favorable weather and bumper crops. to pray for a year of favourable weather and bumper crops. The Van Kieu ethnic minority has been living along the Truong Sơn mountain range in central Vietnam for centuries. They have maintained so many ancient customs and traditions. The Nguon ethnic people mainly live in Minh Hoa District. The folk songs performed by local fishermen while grinding roots of a kind of tree that is called “teng” tree containing toxic substance for extraction. The liquid will be released into river or stream to kill fishes. By Minh Phong – Translated by Kim Khanh …

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/ February 26, 2021

VIETNAM BUSINESS NEWS FEB. 26

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of power being bought annually during the 2016-2020 period. This northern neighboring market can sell up to 3,000 MW of electricity or more to Vietnam from now until 2030. Petrol prices rise under latest adjustment The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday. The retail price of E5RON92 bio-fuel rose nearly 700 VND to 17,031 VND (0.74 USD) per litre at a maximum, while that of RON 95 increased over 700 VND to 18,084 VND per litre. Diesel 0.05S and kerosene, meanwhile, are now no more than 13,843 VND and 12,610 VND per litre, up by around 800 VND and 700 VND, respectively. According to the two ministries, the prices of petrol and oil in the global market have been rising strongly for 15 days, hence the adjustment. The two review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. Aquatic product …

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