ABB Vietnam’s director Brian Hull spoke to VIR’s Phuong Thu about his company’s 25-year success story in the country as well as the path Vietnam should take to ensure sustainable growth. ABB has been a part of Vietnam’s economic development since 1993. Would you like to tell us about your performance in Vietnam? ABB entered Vietnam early and this year is an important milestone for us, as it marks our 25th anniversary. Over the last 25 years, ABB Vietnam has grown to become a reliable partner in the field of technology, providing solutions and services to the market. In addition, ABB factories in Vietnam manufacture transformers, high-voltage components, and medium-voltage power products for customers across Southeast Asia and the world. We currently employ some 900 people across Hanoi, Danang, and Ho Chi Minh City. Despite the financial crisis in 1997, which impacted the global economy with long-lasting consequences, ABB in Vietnam stayed strong, believing in … [Read more...] about ABB powers Industry 4.0 for sustainable growth
How hydro power plant works
VietNamNet Bridge - The recent incident at Song Bung Hydropower Plant has alerted Vietnam to reconsider the construction of so many hydroelectric plants, which have been compared to "timebombs". A broken water valve is the suspected cause of an incident on September 13 that left two workers missing at the Song Bung 2 Hydropower Plant in the central province of Quang Nam. Those who visit the northern mountainous province of Ha Giang cannot miss Ma Pi Leng, one of the four most famous mountain passes in Vietnam. Standing on the pass, one can see the beautiful Nho Que River running below, now the home to three hydropower plants. Ha Giang authorities accepted environmental and ecological risks in return for VND10 billion ($5 million) of tax revenues from these hydropower plants. But investors now owe nearly VND40 billion ($2 million) of environmental charges. Ha Giang is lucky because these hydropower bombs have not caused any disaster. Some provinces, however, have not beenas lucky … [Read more...] about Hydropower plants or “hydropower bombs”?
Young workers of Electricity of Viet Nam get the training to operate the Dong Nai Hydro-Electricity Power Plant.— VNA/VNS Photo Ngoc Ha HA NOI — As previously predicted, Viet Nam will remain in its current demographic window for another 36 years, as the proportion of working age persons will remain prominent over other groups, such the retired, children and those in ill health. This is the opinion of Nguyen Thi Lan Huong, director of the Labour, Science and Society Institute under the Ministry of Labour, Invalids and Social Affairs (MoLISA). At a workshop on demographic window opportunities and challenges, organised by the General Office for Population&Family Planning yesterday, Huong also said that Viet Nam had entered this period in 2006, when the rate of the working age group reached 65.2 per cent. This rate grew to 65.8 per cent in 2010. "This period is a good time for socio- economic development, as we will have the most abundant labour resources. The burden of … [Read more...] about Working-age population stays high
A small consulting firm in Vietnam's fast-expanding energy sector has raised VND157.92 billion (US$9.8 million) by selling 22 percent of its shares, the Hanoi stock market said Monday. Power Engineering Consultant Company 1 (PECC1) sold all 2,202,700 shares on offer to domestic investors at an auction on Friday, the stock exchange said in a statement which did not disclose the identities of the buyers. The shares were sold at an average price of VND71,695 ($4.5), above the VND11,000 initial price set for bidding. … [Read more...] about Vietnam power consultant raises $9.8 mln in share sale
Todayâs mistake to harm the future [email protected] wrote: Cat Tien National Park is unique in many ways and cannot be replaced. I've been in Nam Cat Tien and I hope I have chance to visit there again in future. If nothing else matters, don't they understand how badly this will affect Vietnam's face overseas? What do you think foreign tourists will think about Vietnam when they hear Vietnam authorities are destroying UNESCO world heritage forests? Think about it. [email protected] wrote: Why don't the local authorities and investors care bout impacts on the environment and poor people? May be special benefits behind these projects .This question should be answered by relevant agencies. Universities rush to open joint training programs [email protected] wrote: There are several "fake universities" operating in countries such as the USA, the UK, Russia, France, etc. They are not accredited in their own countries. They are cheating the people in the name joint-programs in … [Read more...] about About building hydro-power plants in national park, killing wild birds, fake Ph.D diplomas, Vietnam’s first Tourism Ambassador…