Offshore wind projects

Vietnam’s long-awaited Power Development Plan VIII (PDP8), confirmed in mid-May, is a milestone in the country’s journey towards energy transition. The main objective of the legislation is to achieve energy security for Vietnam, progressing on its climate change commitments towards the middle of this century, and more specifically to export 5,000-10,000MW of power by 2030. Towards these goals, the PDP8 proposes a new energy mix with a substantial reliance on renewables and the development of smart transmission grids to support the renewables industry, including connecting the power grids with neighbouring countries. “We appreciate the government for the approval of the PDP8, as it provides a clear path to the completion of the grid interconnection, which is critical for us and Electricity of Vietnam (EVN) to complete agreement on the tariff and schedule of the power purchase agreement (PPA). We target completion of the PPA in Q4 of 2023 in order to break ground in 2024,” said Ian … [Read more...] about Power overhaul plan picks up steam

These projects include some important routes, such as Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau, Belt Road No.3 of Ho Chi Minh City , and the Belt Road No.4 of the Capital Region. The ministry reported that it has so far approved the investment policy for 59 transport project s using public investment capital for the 2021-2025 period. Among them, 41 have had their investment project approved. For the 18 remaining projects, 11 are scheduled to be approved in the second quarter, six in the third quarter and one in the fourth quarter, the ministry said. Within this year, the ministry plans to start construction of 28 projects and finish 29 others. To date, six projects have been launched as scheduled, including the upgrade of the Hanoi-Vinh and Vinh-Nha Trang sections of the Hanoi-Ho Chi Minh City railway route , two projects upgrading the Cai Mep-Thi Vai waterway route and the waterway route leading to ports in Nam Nghi Son area of Thanh Hoa province./. VNA … [Read more...] about Ten transport projects to be launched in second quarter

The Nhon-Hanoi Station metro line project, the second of its kind in Hanoi, has just had its total investment revised up by VND1,916 billion (US$82 million) and its completion date delayed until 2027. The prime minister passed a decision on Tuesday approving the cost increase and delay of the project, after considering a proposal from the municipal administration and the Ministry of Planning and Investment. According to the Cabinet leader’s decision, the completion time of the project is now 2027, while its revised price tag is VND34,826 billion ($1.4 billion). The prime minister asked the Ministry of Finance to work with the Hanoi administration and relevant agencies to complete procedures required for the capital adjustment. The Nhon-Hanoi Station metro line will run 12.5 kilometers from Nhon in Nam Tu Liem District to the Hanoi Railway Station in the downtown area, with 8.5 kilometers on elevated tracks, four kilometers underground, and one depot. Work on the metro line … [Read more...] about Hanoi’s second metro line project again encounters cost overruns, delays

Some representatives from Vietnam have garnered an overwhelming response from a remarkable total of over 436 registered projects at the regional event which shows a resurgence of architectural excellence in India, Thailand, Indonesia, and Vietnam. Mai Chau Culture Resort, Grand Tourane Nha Trang Hotel, and Ambassador Cruise Restaurants are several brands among the finalists of the Asia Architecture Design Awards 2023 (AADA). AADA categories include Best Resort Architecture Design, Best Hotel Architecture Design, Best Resort Interior Design, Best Lighting Design, and Best Furniture Accessories, among others. Tre Dining in HCM City is listed as one of the Best F&B Architecture designs. Photo: Tre Dining Those from Vietnam made an impressive display on the shortlist, demonstrating their architectural prowess. From May 30 to June 25, the jury will begin their work with 20 influential experts from various fields, including architecture, design, and real … [Read more...] about Vietnamese brands listed in Asia Architecture Design Awards’ Top 100 Outstanding Projects

Ho Chi Minh City’s economic growth will be more positive this quarter with the gross regional domestic product (GRDP) growth estimated at 5.87 percent, well above the modest 0.7 percent last quarter, chairman of the municipal People’s Committee Phan Van Mai said during a group discussion on Tuesday at the ongoing National Assembly (NA) sitting. With this result, the city may achieve an economic growth rate of 3.55 percent in the first half of the year, chairman Mai cited statistics from the General Statistics Office as saying at a group discussion on a draft resolution on piloting breakthrough policies for Ho Chi Minh City. The city’s industry and construction sector was forecast to improve 4.77 percent this quarter and 0.8 percent in the first half of the year as a whole. The sector fell 3.6 percent last quarter. Meanwhile, the service sector was expected to surge 7.16 and 4.96 percent this quarter and the first half, respectively. “This results from great efforts of the … [Read more...] about Ho Chi Minh City’s economic growth projected at 5.87 percent in Q2

According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25 th position globally in 2022, ranking just below countries such as Australia, and Poland. Specifically, Australia's reached approximately $1.63 trillion, securing 20 th position worldwide, while Poland's stood at around $1.64 trillion, placing it 19 th . The IMF also estimates that by 2023, Vietnam is expected to secure fourth position in Southeast Asia with a forecast GDP PPP of approximately $1.45 trillion. Looking further ahead, by 2026, Vietnam is estimated to have surpassed Thailand, propelling it to the second spot in the region with a figure of around $1.87 trillion. By 2028, Vietnam's economy is anticipated to have reached approximately $2.21 trillion, placing it among the top 20 economies globally. The top 20 economies in 2028, according to the IMF, are predicted to include China, the United States, India, Japan, Germany, Indonesia, Russia, … [Read more...] about Vietnam projected to become 20th largest global economy

At the meeting, delegates, children, and students offered incense in commemoration of President Ho Chi Minh and visited Ho Chi Minh City culture space at the headquarters of the city’s association of farmers. They were also entertained with special artistic performances by children from Phu Nhuan district’s culture center, watched a video of the association’s implementation of scholarship and sponsorship programs, and talked about students’ aspiration. Annually, Ho Chi Minh City’s Association of Farmers works with the Ho Chi Minh City Television to organize a New Year program to call on units, organizations, businesses, individuals, and benefactors to facilitate its social security activities. Notably, together with maintaining a scholarship program for students whose parents are the association’s poor and near-poor members, it has launched a sponsorship project for those whose parents or caregivers died due to the COVID-19 pandemic. The program has been carried out since 2021. In … [Read more...] about Meeting to present scholarships and sponsorship to students and orphans

The Le Monde daily said along with the main cast, Hung has made a mark with a highly artistic film about cuisine and the art of living. The film not only portrays a love story in the end of the 19th century but also celebrates the art of fine dining in the French style. Meanwhile, the Le Figaro daily compared the portrayal of the characters in Hung's "La Passion de Dodin Bouffant" to the performance of Catherine Deneuve in the iconic French film "Peau d'âne" or the outstanding performance of Stéphane Audran in the film "Festin de Babette" which won the Academy Award for Best Foreign Language Film in 1988. Recalling Hung's success with the film "The Scent of Green Papaya" (L'Odeur de la papaye verte), which earned him the Golden Camera award in 1993, the article's author believed that "La passion de Dodin Bouffant" will surely satisfy food enthusiasts, who are abundant in France. Born in 1962 in the central city of Da Nang, Hung has affirmed his reputation in European and … [Read more...] about French newspapers praise Vietnamese – French filmmakers

They will present more than 80 projects for international content buyers, movies, series, and animations at the Russian Content Worldwide booth, organized by Roskino, a national operator for the promotion of films. Among those is “The Challenge” - the first feature film shot in space. Ekaterina Naumova, Roskino Acting General Director said that last year, the Russian film industry had a comprehensive presence at Telefilm Vietnam for the first time in an online format. Customers showed great interest in Russian animation projects, documentaries, action films and comedies, and bought format rights of Russian serials, he noted. This year, in order to more effectively capitalize on film market opportunities and build partnerships with local TV channels, VOD platforms and distributors, Roskino will organize a large-scale offline presence of Russian content producers. This format will allow them to meet potential partners and increase interaction with foreign peers, she said, adding that … [Read more...] about Russian film companies to join Telefilm Vietnam 2023

On May 30, nearly 1,000 students register for voluntary blood donation (Photo: VNA) Hanoi – Hanoi’s Ho Chi Minh Communist Youth Union on May 30 launched a volunteer youth campaign for summer 2023, during which it will intensify the application of digital transformation in volunteer activities. Secretary of the city Youth Union Chu Hong Minh said that this year, the union is aiming for digital transformation across all activities, including supporting the national high school graduation exam, building an online teaching platform, opening online classes for students living in difficult circumstances in the capital city as well as in other cities and provinces. This year’s campaign aims to attract the participation of 100,000 youth union members and young people. It sets targets of forming and maintaining at least 80 civilised roads, investing in and supporting the building of at least 100 entertainment places for juveniles and children, repairing at least 150km of rural roads, … [Read more...] about Hanoi youths apply digital transformation in volunteer activities