Vietnamese firms to provide foundations, harbor services for La Gan wind power project The Saigon Times The signing ceremony of four memorandums of understanding between the La Gan Wind Power Development Corporation and four Vietnamese suppliers - PHOTO: EMBASSY OF DENMARK IN VIETNAM HCMC – Four Vietnam-based contractors--CS Wind Corporation, PTSC Mechanical and Construction, Southern Petroleum Construction JSC and Vietsovpetro--will provide foundation and harbor services for the La Gan offshore wind farm project in the central province of Binh Thuan. On February 24, the La Gan Wind Power Development Corporation, the developer of the 3.5-gigawatt offshore wind farm project owned by Copenhagen Infrastructure Partners, Asiapetro and Novasia, virtually signed four memorandums of understanding (MOUs) on foundation supply and harbor services with the four contractors, the Embassy of Denmark said in a statement. The supply of foundations and harbor infrastructure is among the most critical elements of the offshore wind supply chain. The cooperation between the La Gan offshore wind farm project and the four suppliers will contribute to the ongoing efforts to localize the Vietnamese offshore wind supply chain as well as help build the capacity of local suppliers to compete in the international market. Under the MOUs, the La Gan offshore wind farm project and suppliers will work together to promote offshore wind power in Vietnam. In addition, the project will facilitate knowledge transfer and provide advice on the foundation’s design, facility layouts, logistics and infrastructure requirements, which will enable the suppliers to take the offshore wind market to international standards. Kim Højlund Christensen, ambassador of Denmark in Vietnam, said in the statement, “One of the key priorities in our long-term cooperation with Vietnam is to support green development and a green transition in the country’s energy sector.” The development of foreign …
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TGE to invest in wind power project in Mekong Delta
TGE to invest in wind power project in Mekong Delta The Saigon Times File photo of a wind farm. Gia Lai Electricity JSC (GEC) has passed a plan to invest in the Tan Phu Dong 2 wind power project in the Mekong Delta province of Tien Giang – PHOTO: VNA HCMC – Gia Lai Electricity JSC (GEC) has passed a plan to invest in the Tan Phu Dong 2 wind power project in Tan Thanh Commune, Go Cong Dong District, Tien Giang Province. The subsidiary of Thanh Thanh Cong Group authorized Tien Giang Wind Power JSC (TGE) to implement the 50-MW plant project, reported Bnews news site. TGE will set up the project’s management board to monitor and execute the project. Further, it is in charge of building a power transmission line for the project; seeking, negotiating and selecting appropriate consulting firms, equipment suppliers and construction units in line with prevailing regulations and ensuring the project proves financially effective. Besides this, GEC authorized its general director to decide, sign and implement essential procedures to ensure the project will be put into commercial operation as scheduled in the approved plan. Earlier, GEC had passed a plan to contribute nearly VND10 billion worth of capital to TGE. …
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VIETNAM BUSINESS NEWS FEB. 25
HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the statistics office Huynh Van Hung said COVID-19 has been largely brought under control around Vietnam, resulting in the production sector exhibiting signs of recovery. Local enterprises, however, continue to face difficulties as many major trading nations are yet to open their markets. He noted that enterprises are in need of diverse and long-term support relating to information on importers of materials and fuel, new markets and partners, and domestic consumption stimulus measures. According to Nguyen Phuong Dong, Director of the municipal Department of Industry and Trade, despite facing myriad challenges, last year the city still saw five goods post export turnover in excess of 1 billion USD: computers-electronic products and components, with 17.8 billion USD; garment-textile 4.3 billion USD; footwear 2.2 billion USD; machinery-equipment-spare parts 2.2 billion USD; and other goods 6.9 billion USD. Together their export value accounted for 83.5 percent of the city’s total. Key export …
