A wind farm of Trung Nam Group in Ninh Thuận Province in the central region of Vietnam. The country aims to have 44 percent of its power from renewable energy — Photo courtesy of Trung Nam Group On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas. With forecasts that Viet Nam's GDP growth will reach an average of 6.6 percent per year in 2031-2045 and 5.7 percent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045. The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 percent from coal-fired thermal power, 21 percent from gas thermal power, 18 percent from hydroelectricity, 29 percent from wind power, solar and renewable energy and 4 percent from the imported sources and 1 percent from other types of energy from storage devices. The MoIT’s draft said by 2045, the total installed capacity will reach nearly 276.7 GW including 18 percent from coal-fired thermal power, 24 percent from gas thermal power, 9 percent from hydroelectricity, 44 percent from wind power, solar and renewable energy and 2 percent from the imported sources and 3 percent from other types of energy from storage devices. The power master plan VIII encourages the development of renewable energy and discourages hydroelectricity. Renewables made up 13 percent of power in 2020 and are aimed to make up 30 percent by 2030 and 44 percent by 2045. Regarding the power grid development program, the plan proposes to continue building the 500kV power transmission system to transmit electricity from major power source centres in the Central Highlands, south-central, north-central and central regions to the large load centres in HCM City and the Red River Delta. It also …
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VIETNAM BUSINESS NEWS MARCH 5
Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the country is viewed as an alternative investment destinations for Japanese enterprises looking to move away from China due to the COVID-19 pandemic. The survey indicates that approximately half of Japanese enterprises in the nation plan to expand their production activities, while roughly 70% of them seek opportunities to increase revenue in the local market. Most notably, 46.8% of Japanese enterprises unveiled that they have initiated plans to expand their business in the nation over the course of the next two years, with the expansion rate ranking fourth, the highest in the Asia-Pacific region. Japanese enterprises have therefore attributed their expansion to an increase in revenue in the domestic market and high growth potential. Furthermore, Japanese firms are also considering re-establishing some supply chains which have been impacted by the COVID-19 pandemic, with Vietnam able to capture the attention of suppliers and buyers of materials globally. VN-Index finishes lower as …
Generali Vietnam launches “More than just a place to work” people strategy
The company is also running its Management Trainee program Genext Challenge 2021 to recruit, train and develop young talents to meet its business growth needs in Vietnam. The core of this strategy is the objective to build Generali Vietnam to be “more than just a place to work”, where every staff member can “learn – grow – live – thrive”. Learn – Generali Vietnam will step up its training activities and programs with practical, innovative and diverse content and formats, as well as reinforce a learning and development culture. The company constantly digitalizes all human resources processes, including the registration and management of training and development requests, and many practical online training programs. Grow – Generali Vietnam will continue to focus on developing its high quality workforce via the Generali Talent Management program and the ongoing Management Trainee program Genext Challenge 2021. Both programs aim at developing the company’s talent pool and outstanding individuals, to build the next generation of leaders, meeting Generali’s needs for rapid and sustainable development in Vietnam. Live – With an aim to become “more than just a place to work” where every employee can live and work to their heart’s content with great passion and ambition, the company has been carrying out notable people policies: reinforcing Diversity & Inclusion; implementing smart working policy enabling employees to flexibly manage their work and family responsibilities; promoting work-life balance through stepping up diverse engagement activities and initiatives, and enhancing compensation and benefits; reinforcing the SOHI culture (Simplification, Ownership, Human Touch, Innovation) through continuous training, rewards and recognition, and constant feedback in day-to-day work. Thrive – In addition to offering staff opportunities for development and career progress, Generali Vietnam plans and organizes various meaningful, practical, innovative and …
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