Creative ways to present a project

The Hanoitimes - The Ministry of Transport would review this loan and report to the government. State-owned Swedish Export Credit Corporation (SEK) proposed a US$2 billion commercial loan to build Long Thanh International Airport and terminal T3 for Tan Son Nhat International Airport. Sweden’s Ambassador to Vietnam Ann Mawe hands over an intention letter of a commercial loan for Minister of Transport Nguyen Van The. Source: MoT. Sweden’s Ambassador to Vietnam Ann Mawe revealed the intention at a meeting with Minister of Transport Nguyen Van The on December 4. Mrs. Mawe added that during the visit of Prime Minister Nguyen Xuan Phuc to Sweden in May, the two countries’ prime ministers discussed a potential loan worth over US$1 billion for Long Thanh airport construction and air traffic control activities in Vietnam. The loan would come with an interest rate of 4.2% per year, including a 1.25% of insurance fee for the loan. To be eligible for the loan, Vietnam is required to use 30% of the total investment capital to purchase Swedish technologies and equipment. “Among 28 international airports seen as environmentally-friendly, 10 of which have the participation of Swedish enterprises in providing solutions for management and operation,” the Ambassador continued. Overview of the meeting. Source: MPI. At the meeting, Minister The said the ministry would consider thoroughly the proposal and report back to the government. “We support local aviation firms to access and use this credit, as well as equipment, products and services of Sweden,” stressed Mr. The. The minister said the Vietnamese government gives priority to aviation development. “In addition to Long Thanh and Tan Son Nhat airports, Vietnam is planning to upgrade other airports, including the Noi Bai International Airport from the current capacity of 30 million passengers per year to 100 million, and the construction and upgrade of other airports of Lao …

[Read more...] about Sweden proposes US$2-billion commercial loan for aviation projects in Vietnam

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 …

[Read more...] about VIETNAM BUSINESS NEWS FEB. 26

The event was jointly held by the Embassy of Vietnam in Thailand and the Board of Investment of Thailand (BOI), with representatives from the Thailand-Vietnam Business Council, the Federation of Thai Industries, research institutes and 200 local enterprises in attendance. Opening the workshop, Vietnamese Ambassador Nguyen Hai Bang highlighted the good relations between Vietnam and Thailand, paving the way for business partnership between the two countries’ companies. Cooperation in trade and investment has also deepened the bilateral strategic partnership, he said. Thailand is among top 10 largest foreign investors in Vietnam, pouring over USD 8.4 billion into nearly 500 projects mostly in Northern and Southern Vietnam, he noted. Central Vietnam that has greatly benefited from the government’s policies for foreign investment attraction. Central Vietnam has advantages of transport connectivity and logistics services between the region and Thailand’s Eastern Economic Corridor, the ambassador said. Delegates presented the latest investment trends and their effects on economic activities in Vietnam and Thailand. The event also included a dialogue session in which authorities from Vietnam and Thailand answered inquiries from businesses from the two sides regarding investment incentives and legal procedures. BOI Vice Secretary General Chokdee Keawsang revealed that the BOI will open a representative office in Hanoi next year to support Thai investors in Vietnam. Vietnam-Thailand cooperation in economics, trade and investment have made significant progress since the two nations established diplomatic ties in 1976. At the present, Thailand’s investment in Vietnam mainly focuses on manufacturing and processing (USD 7.14 billion in 212 projects), infrastructure (USD 397 million in seven projects) and agriculture (USD 277 million in 30 projects). Source: VNA …

[Read more...] about Potential of Vietnam’s Central coast introduced to Thai investors