Opening a seminar at the 2019 Vietnam Economic Forum in Hanoi Thursday, Nguyen Van Binh, chairman of the Communist Party's Central Economic Commission, stressed the need for Vietnam to address the challenges brought about by climate change. "If we don't effectively respond to climate change, the achievements of our socio-economic development will be damaged and the process of sustainable development will encounter many difficulties." As a country with a long coastline and many large river basins, Vietnam is considered among the five countries most affected by climate change. The impacts of climate change would accelerate resource depletion and environmental degradation and slow down the country's socio-economic development, Binh said. While renewable energy is environmentally friendly, its sources are still unstable, potentially endangering energy security, while traditional energy sources such as coal help ensure energy security but contribute to the greenhouse effect, … [Read more...] about Vietnam’s dilemma: clean electricity or energy security?
Concentrating solar thermal power
Illustrative image (Photo: VNA) Binh Phuoc (VNA) – The Government has approved an additional six solar power projects with a combined capacity of 850 MWp in Binh Phuoc, raising the total solar energy capacity of the southern province to the highest in the country. According to Chairman of the provincial People’s Committee Nguyen Van Tram, the locality has finalised plans for solar energy development to 2030. The total area of land used for electricity projects is estimated to be up to 5,000-6,000ha, mostly concentrated in Loc Ninh district. Nguyen Anh Hoang, Director of the provincial Department of Industry and Trade, said the provincial People’s Committee has accepted the work of two investors in the field of solar power development. It is hoped that the projects will start to generate electricity to the national grid in June next year. However, experts said the cost of solar power projects is too expensive. They also said Binh Phuoc holds good solar energy … [Read more...] about Six more solar power projects licensed in Binh Phuoc
Japanese investors explore Ha Nam’s investment environment Ha Nam province will create favourable conditions to attract more Japanese businesses to invest in local projects, said Vice Chairman of the provincial People’s Committee Truong Quoc Huy. During his working session with a business delegation from Japan’s Nagahama city on November 5, Huy affirmed that Ha Nam always considers Japan an important partner in cooperation and investment attraction. Enterprises investing in Ha Nam will be supported in terms of electricity, water, worker recruitment and security, he said. The province has earmarked Dong Van III Industrial Park, which has a favourable location and well-built infrastructure, for Japanese investors, the official said. Huy told his guests that Ha Nam highly evaluated Japanese companies’ investment capacity and cooperation, adding that Japanese firms have always observed their investment commitments to the province, had good working environments and … [Read more...] about BUSINESS NEWS IN BRIEF 7/11
RoK technology ventures seek opportunities in Vietnam An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries. It was organised by Vuccess Co., Ltd of the RoK, with support from the State Agency for Technology Innovation of the Ministry of Science and Technology, the Vietnam Trade Promotion Agency (Vietrade) of the Ministry of Industry and Trade, along with the Korea Institute of Science and Technology and Korea Techno-Ventures Foundation. At the event, Vietnamese firms were updated on latest technology and cooperation opportunities through 11 leading businesses of the RoK in various fields, including information technology, communications, power-electronics, garment-textile, chemistry, construction, energy and environment. Bui Hoang Yen from the Vietrade said that since Vietnam and the RoK established diplomatic relations in … [Read more...] about BUSSINESS NEWS IN BRIEF 25/8
Thao lives in Tan An, the capital of the Mekong Delta’s Long An province, 37 km from the proposed construction site of Long An-I, a 1,320 MW coal-fired power plant to be completed around 2020 and put into use in 2024.Though he has never lived near thermal power plants, he reads online articles about their environmental impact and is familiar with recent headline-making environmental disasters, including pollution from the Vinh Tan power plant in south-central Binh Thuan province. Like 15,166 others, Thao signed up with Stop Long An, an electronic petition on wakeitup.net started by an anonymous group of climate activists intent upon preventing the execution of the project and its 1,600 MW follow-up, Long An-II.He also worried about the effects of the plant’s toxic discharges on the surrounding land and water system, citing heavy metal poisoning and its impact on the food chain as his main concern. “It will destroy the rivers that serve as our source of water and … [Read more...] about Higlighting the downside of thermal power