Hydro power plant project for students

The Economic Committee of the National Assembly has proposed that Vietnam restart a suspended nuclear power project in south-central Ninh Thuan Province to ensure the country’s ability to develop nuclear power in the future and to help achieve its environmental protection goal by 2050. The Economic Committee has submitted a report on the implementation of Resolution 31 of the National Assembly, which was issued to suspend the Ninh Thuan nuclear power project in the namesake province in 2016. In the report, the committee stated that Vietnam would potentially face challenges brought about by electricity shortage in the 2021-25 period. The competitive electricity market has not been developed in a synchronous manner, while the power pricing mechanism has been improved slowly. The country’s power source has yet to guarantee sustainable development and still has a negative impact on the environment. Vietnam previously pledged to reach its net-zero carbon emissions target by 2050 … [Read more...] about Vietnamese legislature’s economic committee proposes restarting nuclear power project

The project is located in Ba Tri district. The construction of the green hydrogen plant is expected to start in late June and start a trial run in the first quarter of 2023. It marks the first green hydrogen project in Vietnam. The plant is expected to generate 24,000 tonnes of green hydrogen initially with an annual capacity of 150,000 tonnes of ammonia and 195,000 tonnes of oxygen. Later, the annual production capacity is expected to be 60,000 tonnes of green hydrogen, 375,000 tonnes of ammonia, and 490,000 tonnes of oxygen, which is more than double the capacity. The project is suitable for Vietnam’s policy to boost its clean energy usage and hence work on reducing its dependency on coal. Vietnam, a regional manufacturing powerhouse, wants to nearly double its total installed power generation capacity to 146,000MW by 2030 and prioritise using renewable energy while reducing dependency on coal. By Ha Vy … [Read more...] about TGS Green Hydrogen to develop new plant for nearly $850 million

Students play in the front yard of Hoa Ninh Primary School in Hoa Vang District, Da Nang. The school, which was badly damaged by floods, has had its infrastructure improved as part of the ‘Healthy School Project’ funded by CBRE Viet Nam. — Photo courtesy of CBRE Viet Nam More than 4,000 students and teachers from five primary schools that were affected by heavy floods and the COVID pandemic in Da Nang have benefited from the 'Building Healthy' school programme. The schools in Hoa Vang District have been given a total of VND1.1 billion (US$49,700) in funding from the commercial real estate CBRE Viet Nam’s COVID-19 rescue fund. The project, which was implemented by the East Meets West Foundation (EMWF), will provide school facilities, repair flood-destroyed infrastructure items, install drinkable water systems and provide information on how to disaster-resilient in the future, as well as raise awareness on daily cleaning habits among school students and teachers. Dinh Ngoc … [Read more...] about Disaster and COVID-19 affected schools get support

G7 nations vow to stop fossil-fuel financing abroad by end 2022, illustration photo source: freepik.com "We commit to end new direct public support for the international unabated fossil fuel energy sector by the end of 2022," G7 energy and climate ministers said in a joint statement following talks in Berlin. The term "unabated" refers to projects that do not employ techniques to offset some of the pollution caused by carbon dioxide emissions. Ending subsidies for the international fossil fuel energy sector was already part of a series of commitments agreed to by around 20 countries at last year's COP26 climate summit in Glasgow. Six of the G7 club of rich nations were among the signatories at the time -- Britain, Canada, Germany, France, Italy and the United States -- but Japan had resisted until now. "It is good that Japan, the world's largest financier of fossil fuels, has now joined the other G7 countries in making a shared commitment to end overseas fossil fuel … [Read more...] about G7 nations vow to stop fossil-fuel financing abroad by end 2022

Vietnam’s skilled workforce, optimistic economic outlook, and competitive wage prices are among the factors drawing foreign investors’ attention to the country. An estimated 21% of Indian companies that have operations in Southeast Asia or expect to do so in the future show their plan to expand their businesses in Vietnam in the next two years. Whilst, 26% of Chinese corporates in Vietnam are looking to prioritize growth here over the next two years. Car production at Thanh Cong Hyundai Plant. Photo: Viet Dung These are some of the key findings from HSBC Navigator: SEA in Focus , which surveyed more than 1,500 companies from six of the largest economies in the world, including China, France, Germany, India, the UK, and the US – all of which have operations in Southeast Asia or have plans to do so in the future.  The survey gauges their sentiment on doing business in Southeast Asia, with a particular focus on trade, digitization, and sustainability. … [Read more...] about Companies from China and India temped to move to Vietnam