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
Corruption at siemens case study questions
Hanoi plans new rules on parking
As of March 25, the municipal administration had imposed fines totaling VND50.5 billion ($2.15 million) for infractions on the pavement. Hanoi's authorities will make public the guidelines on the streets and roads where drivers can park their cars, Vice Chairman of the municipal People's Committee Duong Duc Tuan has said. A local police officer travels to check on the station of motorbikes on the streets of Hanoi. Photo: Cong Trinh/The Hanoi Times There will be a new list of streets and roads on which the city forbids the parking of motorbikes and cars, Tuan told an online meeting of the Hanoi Party Committee, the Hanoi People’s Council, the Hanoi People’s Committee, and chiefs of the 30 districts and towns. The city's legislators will also modify the regulations governing vehicle parking, instructing local governments to reserve a specific portion of the pavement for parking motorcycles and bicycles only, he said. The vice chairman added that substantial … [Read more...] about Hanoi plans new rules on parking
Border troops provide emergency aid for foreigner
The ill sailor was Liu Aihua (46 years old, a Chinese national) who was chief mechanic of Panama’s container ship MIYUNHE, which was en route from Vietnam’s Cat Lai Port to China. When the ship was near Quy Nhon Port in Binh Dinh province, Liu Aihua had pain, and the ship applied for procedures to anchor at buoy No.0. After being reported on the case, the Binh Dinh provincial Border Guard Command directed the Border Post of Quy Nhon Port Border Gate to send five officers and one canoe to cooperate with relevant agencies to approach and provide emergency aid for the sailor and take him to Mui Tan border checkpoint. Patient Liu Aihua was then taken to Binh Dinh General Hospital. Translated by Chung Anh … [Read more...] about Border troops provide emergency aid for foreigner
Global minimum tax application under consideration
Illustrative image (Source: VNA) Hanoi (VNA) – The General Department of Taxation under the Ministry of Finance has said it will keep a close watch on the implementation of the global minimum tax in other countries, listen to opinions of firms impacted by the tax and study guidelines of the Organisation for Economic Cooperation and Development (OECD) to propose its application in Vietnam. The application of the global minimum tax should not create adverse impacts on Vietnam’s foreign investment attraction, and should ensure the country’s tax collection right , said deputy head of the general department Dang Ngoc Minh at a press conference held by the Finance Ministry in Hanoi on March 30. The OECD ’s Pillar Two establishes a global minimum effective corporate tax rate of 15% for large multinational enterprises (MNEs), which has important implications for the use of tax incentives around the world. Deputy head of the General Department of Taxation Dang … [Read more...] about Global minimum tax application under consideration
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
Chinese director arrested for allegedly killing pregnant Vietnamese accountant
A Chinese director of a company in Binh Duong Province, southern Vietnam has been arrested on suspicion of killing a Vietnamese accountant, who was eight weeks pregnant, at his firm, a local police source said on Thursday. Yang Zhong Wu, 47, of Chinese nationality, was detained on Thursday evening while he was holed up in Pleiku City of the Central Highlands province of Gia Lai, about 460 kilometers from Binh Duong, according to the source. The victim was L.T.M., 30, an accountant of Vinh Nhuan Co. Ltd., located in Binh Duong’s Tan Uyen Town, where Yang is the director. Yang’s arrest came one day after Binh Duong police issued a notice to hunt for him after they examined the scene of the killing at Vinh Nhuan. The examination was made as soon as police received a report from the company's staff who found M.'s corpse in the restroom. M. was seen dead with multiple injuries, including a cut on her neck, on the floor of the toilet at around 5:00 pm on Wednesday. A knife … [Read more...] about Chinese director arrested for allegedly killing pregnant Vietnamese accountant
Ho Chi Minh City, Cuba explore cooperation in construction
Mai said the city always seeks cooperation opportunities for mutual development with Cuba. Apart from cooperation programs at the government, ministry and local levels, he suggested both sides further step up collaboration among businesses. Both sides will study specifically the list of businesses and fields of mutual interest and need for investment cooperation, thereby launching cooperation and investment promotion activities in each other's areas, he said. Speaking highly of the quality of Cuban experts working in Vietnam, Mai said Ho Chi Minh City wishes to promote cooperation in fields of Cuba’s strength such as transportation, construction, health care, sport health and agriculture. The host urged the two sides to facilitate youth exchanges and tourism to raise mutual understanding and solidarity between the two peoples, contributing to consolidating and cultivating Vietnam - Cuba friendship. The Cuban minister, for his part, said generations of leaders of Cuban party, … [Read more...] about Ho Chi Minh City, Cuba explore cooperation in construction
Long Thanh airport construction leaves locals in the dust
Dust and smog fill the air at the Long Thanh Airport construction site in Binh Son Commune on Tuesday. Construction began in 2021 for what will be Vietnam's largest airport, and for the past few months, progress has been speeded up so a terminal can be completed. Locals of Long Thanh District have had to live with the resulting dust and smog for months. Located at the heart of Binh Son Commune, the Binh Son Primary School is the location most affected by the dust. Teachers and students have to close doors and blinds for the entire day, yet dust still seeps in. Ke, a security guard at the school, said dust cleanup is done every afternoon after the students leave. "It's impossible to clean," he said. "The dust is everywhere and comes at all times. I don't know when this will end." The dust caused the shirt of Thien An (L), a third grader at the school, to turn from … [Read more...] about Long Thanh airport construction leaves locals in the dust
Livestock switch serves up dispute
Breeding farms could lose out massively if relocation strategies are not efficient Photo: Le Toan In March, the Dong Nai Breeding Association, which represents over 6,000 breeding households and livestock companies operating in the province, met with the Ministry of Agriculture and Rural Development and Dong Nai People’s Committee to discuss solutions to minimise damage for breeding farms that have been placed on a list for relocation or termination. In late February, Dong Nai People’s Committee revealed that it required relocation of 2,100 breeding farms and to shut down approximately 900 breeding facilities before January 2025. The reason for the drastic move is to remove livestock facilities from residential areas, which are causing untold amounts of environmental pollution. The province’s decision immediately worried breeding households and livestock companies, with representatives stating that the roadmap is too short, financial information or assistance is scarce, and … [Read more...] about Livestock switch serves up dispute