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/ February 26, 2021

Hanoi, Hai Phong get green light for private funding to buy Covid-19 vaccines

Prime Minister Nguyen Xuan Phuc said on Thursday that the Ministry of Health and Government Office should draw up specific guidelines for the purpose. No details of how or from whom they will mobilize funds are known yet. Vietnam plans to procure 150 million doses from British-Swedish firm AstraZeneca, global vaccine access mechanism Covax and domestic producers by 2022, the ministry has said. The first batch of 117,600 doses from AstraZeneca was delivered on Wednesday. Hanoi has decided it will provide free vaccination, and estimates it will need 15 million doses to vaccinate everyone above 18. The northern port city Hai Phong plans to acquire more than two million doses. …

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/ February 26, 2021

Registration for AI Accelerator Challenge 2021 opens

Under the auspices of the Vietnamese Ministry of Science & Technology and support from the Aus4Innovation Program, AAC 2021 is a brand-new national competition calling for all innovators to share their bright ideas for rolling out artificial intelligence-driven innovation into new areas of industry, fields of science, and the day-to-day lives. AI startup has undoubtedly been gaining a lot of attention in recent years in Vietnam, but they often lack the support or visibility they need to grow. AAC 2021 provides an exciting opportunity for innovators to receive seed funding and incubation training to help them maximise their chances of success. The programme is designed to open to any individual and team who want to contribute to the economic and social development of Vietnam by using AI technology. During the first phase, applications will be screened online based on the answers on the application form and selected for the next round. The 15 selected starts-up will enter an intensive one-month bootcamp programme in order to evaluate their personalities, mindsets, and collaboration with the programme. These selected startups will be invited to make a 15-30-minute presentation in front of an expert panel. The five selected startups will enter three-month intensive bootcamp programme with access to mentoring and up to 200 million VND (8,723 USD) in no equity funding. Andrew Barnes, Australian Chargé d' Affaires to Vietnam, highlighted achievements Vietnam has recorded in the COVID-19 combat, saying Australia is realising its strong commitments to supporting the country’s efforts in overcoming the pandemic and reviving the national economy for a long-term through sponsoring initiatives promoting AI-driven innovations. Thach Le Anh, Founder of the VSV Foundation, said the VSV Foundation forms part of the programme, aiming to help AI startups get access to consultants in order to develop their business and call for investors. Source: VNA …

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/ February 26, 2021

Power development planning needs specific policies

The Power Development Master Plan 8 aims to mobilize all domestic and international resources for electricity development, ensuring a sufficient supply of electricity with increasingly high quality and reasonable electricity prices. Specifically, by 2030, the total installed power capacity of Vietnam will reach 137.2 gigawatts (GWs). Of which, coal-fired thermal power accounts for 26 percent; gas-fired thermal power 21 percent; hydroelectricity 18 percent; wind, solar, and other renewable energy 29 percent. In 2045, the total power capacity will nearly hit 276.7 GWs. Of which, coal-fired thermal power accounts for 18 percent; gas-fired power 24 percent; hydroelectricity 9 percent; wind, solar, and other renewable energy above 44 percent. Through the structure of the power source, it shows that the Power Development Master Plan 8 encourages the development of renewable energy, besides hydroelectricity, from about 13 percent in 2020 to nearly 30 percent in 2030, and 44 percent in 2045. Contributing opinions to the Draft National Power Development Plan 8, experts said that many economic and technical factors are difficult to determine. For example, the Covid-19 pandemic continues to develop complicatedly, possibly negatively affecting the supply and demand of the energy system in general and the power system in particular. Besides, the boom in investment registration for renewable energy projects, especially solar and wind power, requires a more appropriate approach in planning, designing, investing, and operating the power system. In particular, it is necessary to have a lucid, transparent, objective, and scientific mechanism to encourage the development of renewable energy. To be able to carry out well the Power Development Master Plan 8 in the current situation, the challenge is that the electricity demand is still growing at a high speed but the primary energy source is increasingly scarce. To ensure electricity supply until 2030, Vietnam is expected to …

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