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/ February 26, 2021

Volleyball legend Hue starts new chapter in storied career

Despite nearly 20 years of difficulties and challenges in the sport, Pham Thi Kim Hue has never felt tired of volleyball. Middle blocker Pham Thi Kim Hue seen in her last national tournament in 2016 when her Vietinbank club won the championship title. — Photo laodong.vn She has just been hired as head coach of Vietinbank, one of the nation's strongest clubs, ahead of the new season. In her new role, national team legend Hue has the chance to write a new chapter in her storied career. Brilliant athletic career The 14-year-old girl knew nothing about volleyball when she was at the Military Signal Corps Command’s training course in 1996. Hue was invited to try out for the club after she impressed scouts with her height of about 1.7m. She immediately found that volleyball suited her better than the track-and-field events she had been training for. Her switch of sport marked a turning point in her life. Two years after that, Hue first played as a professional player. Three years later, she became the youngest ever skipper of the club at the age of 19. She also captained Vietinbank when she moved there in 2012. In 2002, the core player of the national team was given the captain's armband, making her the youngest national captain in history when she was nearly 20. The 1.81m player was considered the best middle blocker who could read matches and made powerful spikes from the backline in Southeast Asia in her peak of 2002-06. With an average of 20 points per match, she was called a point machine. At the club level, Hue is no doubt the country's most successful player. She has a record of 17 years in a row competing at the national championship. She has won all the best individual titles together with nine national trophies along with gold medals from national cups. With the national team, Hue pocketed six silvers and one bronze at the Southeast Asian Games. She also drew fans to the court to cheer on the team and to watch the …

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/ February 26, 2021

VIETNAM BUSINESS NEWS FEB. 26

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of power being bought annually during the 2016-2020 period. This northern neighboring market can sell up to 3,000 MW of electricity or more to Vietnam from now until 2030. Petrol prices rise under latest adjustment The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday. The retail price of E5RON92 bio-fuel rose nearly 700 VND to 17,031 VND (0.74 USD) per litre at a maximum, while that of RON 95 increased over 700 VND to 18,084 VND per litre. Diesel 0.05S and kerosene, meanwhile, are now no more than 13,843 VND and 12,610 VND per litre, up by around 800 VND and 700 VND, respectively. According to the two ministries, the prices of petrol and oil in the global market have been rising strongly for 15 days, hence the adjustment. The two review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. Aquatic product …

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/ February 27, 2021

VIETNAM BUSINESS NEWS FEB. 27

MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam and UK. By doing so, the draft decree will avoid amending Decree 95/2020/NĐ-CP many times. The MPI has asked the Government to revise Decree No 95 as follows. The first option aims to implement international treaties on bidding and the second option is to execute the bid for public procurement of goods under the CPTTP, EVFTA and UKVFTA. To boost competitiveness in bidding, the draft decree has stipulated the implementation of bidding related to consultancy services, non-consultancy services and construction services. In the draft decree, bidding packages specified in Appendix II of the Decree No 95 show State companies will decide to allow intra-regional contractors or contractors from member countries of CPTTP to attend only. For bidding packages specified in Appendix III of Decree No 95, State companies can allow intra-regional contractors or contractors from member states of the EU and UK to bid. Regarding the intra-regional procurement bidding for the supply of goods …

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