Covering an area of 30 hectares in Bac Tien Phong Industrial Park of the northern province of Quang Ninh, the Stavian Quang Yen Petrochemical Plant project has an estimated total investment of up to $1.5 billion. The plant has a production capacity of 600,000 tonnes of polypropylene per year with state-of-the-art copyrighted technologies from Honeywell UOP Company (US) and Basell Poliolefine Italia Company (Italy). This includes propylene production technology from propane using the hydrogen reduction method and polypropylene production technology using Spheripol technology. The plant will be equipped with a high-tech, automated, and eco-friendly production line imported from EU and G7 countries. In addition, they will apply more advanced solutions to optimise water use in production, ensuring energy savings and reducing greenhouse gas emissions. In May 2023, the Front End Engineering Design contractor was unveiled for the Stavian Quang Yen Petrochemical Plant project. As … [Read more...] about Stavian Quang Yen Petrochemical Plant receives technology transfer licences
Electrical equipment used in water treatment plant
Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB
Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB
Indonesia, Malaysia cooperate to develop EV battery factory
Illustrative photo (Photo: Shutterstock) Jakarta (VNA) – Indonesia plans to sign a memorandum of understanding (MoU) with Malaysia to develop an electric vehicle (EV) battery factory in Samalaju industrial park, according to the Indonesian Consul in Malaysia ’s Kuching city, Raden Sigit Witjaksono. The factory will use energy generated in a hydroelectric plant located in Bakun, Sarawak state of Malaysia. The Indonesia n diplomat said that for decades, Indonesia has cooperated with Sarawak in hydropower plants. Specifically, Indonesia's West Kalimantan province has bought electricity from hydroelectric plants located in Sarawak. In addition, the Sarawak state government has provided education support for the children of Indonesian migrant workers. Indonesian news agency Antara quoted Sigit as saying that Indonesia keeps promoting a mutually beneficial ecosystem between Indonesian migrant workers, companies and regulatory agencies of Indonesia and the state of … [Read more...] about Indonesia, Malaysia cooperate to develop EV battery factory
Bayer leveraging digital models to enhance healthcare
In the healthcare sector, it has become clear that we need to act now in order to provide opportunities to live healthier for longer. Digital health and ICT solutions have come to define a new standard of how people of all ages manage their health and prevent diseases. Digital platforms are combined with hospital expertise across a range of services Dr. Michael Devoy, chief medical officer at global healthcare and nutrition enterprise Bayer AG, says that digitalisation is a means to enhancing how healthcare innovations are brought to patients. “It encompasses an improvement in our processes, rendering them faster and more efficient than before, as well as facilitating a more profound understanding of our patients and delivering better outcomes for them,” Devoy explained. “I am proud of how we already make use of digitalisation at Bayer, as we continuously strive to provide new treatment options for patients across generations.” In Vietnam in recent years, the … [Read more...] about Bayer leveraging digital models to enhance healthcare
Generali Vietnam donates new kitchen to children in Điện Biên Province
Delegates launch a new kitchen for children at Xa Dung Commune, Điện Biên Đông District, Điện Biên Province. — Photo courtesy of Generali Vietnam Generali Vietnam, in collaboration with the National Fund for Vietnamese Children, has launched a new kitchen for children at Xa Dung Commune, Điện Biên Đông District, Điện Biên Province. The kitchen is part of Bếp ấm cho em (Warm kitchen for children), a Generali Vietnam community initiative that brings a better life for Vietnamese children. The project aims to raise funds to build a kitchen and other auxiliary facilities for 81 disadvantaged children in Điện Biên Province. Generali Vietnam donated more than VNĐ250 million to help NFVC build a new kitchen, fully-equipped kitchen utensils, a covered dining area, and a new water tank for children in the remote Xa Dung B village and Ban Mai kindergarten. This is home to 81 children of Thai and Mông ethnic groups. The new kitchen will contribute to bringing more delicious, cleaner and … [Read more...] about Generali Vietnam donates new kitchen to children in Điện Biên Province