The projects are located at the Thuan Bac District of Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDPR to jointly explore additional opportunities in the region contributing to accelerate EDPR growth prospects in APAC. With this transaction, EDPR doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022. The transaction is subject to regulatory and other customary precedent conditions. Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction. EDPR completed its S$1.1 billion acquisition of Sunseap Group earlier this year, establishing a clean energy hub for the Asia Pacific region that is headquartered in Singapore. EDPR expects to invest up to S$10 billion in the region … [Read more...] about EDPR acquires two solar projects in Vietnam
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HCMC’s economies recover quickly together
At the meeting The statement was made by Chairman of the HCMC People’s Committee Phan Van Mai at a meeting on the city’s socio-economic situation in the first half of the year that was held on June 29 with the participation of Secretary of the Party Committee of the city Nguyen Van Nen and Chairwoman of the municipal People’s Council Nguyen Thi Le. Problems of administrative procedures are the biggest obstacles that have affected the attraction of capital resources, public investment disbursement and impeded capital flows into trade and business production, he said. The city’s chairman asked departments and agencies to focus on solving barriers to promptly handle requests of individuals and businesses to speed up the economy. Chairman of the HCMC People’s Committee Phan Van Mai (L), Secretary of the Party Committee of the city Nguyen Van Nen (C) and Chairwoman of the municipal People’s Council Nguyen Thi Le attend the meeting. (Photo: SGGP) Chairman of the HCMC … [Read more...] about HCMC’s economies recover quickly together
Trung Luong – My Thuan Expressway extends free toll collection for 30 days
Trung Luong – My Thuan Expressway extends free toll collection for 30 days more. (Photo: SGGP) Previously, from 2 p.m. on June 23, Trung Luong - My Thuan BOT Joint Stock Company applied trial toll collection at toll stations on the Trung Luong - My Thuan Expressway for one week, from June 23 to June 30, to ensure stable operation of the toll collection system and staff mastering manipulations before putting the system into official operation. Accordingly, the management unit has served more than 186,700 turns of vehicles, an average of about 31,100 turns of vehicles per day. During the test toll collection, the security and order situation is ensured. All vehicles comply with taking IC cards when entering the expressway and returning it when exiting. The entire monitoring system for toll collection operates stably and meets the requirements of toll collection, observation, and storage. However, on weekends, the traffic is crowded, often increasing suddenly during peak hours, … [Read more...] about Trung Luong – My Thuan Expressway extends free toll collection for 30 days
Vietnam enjoys trade surplus of 710 million USD in six months
Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022. (Photo: VNA) According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months
Midfielder Quang Hai joins French club
Vietnam's top midfielder Nguyen Quang Hai has flown to France to join his new football club. This morning, June 27, Quang Hai came to Noi Bai International Airport in Hanoi to take the flight. Quang Hai at Noi Bai International Airport to take the flight to France on June 27 According to some news sources, he will become a player of Ligue 2 club Pau FC. Pau FC President Bernard Laporte-Fray said he selected Hai for his creative and intelligent play. He has carefully watched Hai’s football videos over the past 4-5 years. French sports daily paper L'Equipe, said that Hai will sign a two-year contract with an option of extending for another year, with the French club. After joining the club, Quang Hai would take part in pre-season training before playing in Ligue 2 which is scheduled to kick off from July 30. … [Read more...] about Midfielder Quang Hai joins French club
Ly Hoang Nam ranked 364th in ATP world ranking
With 119 points, Vietnam’s leading tennis player Ly Hoang Nam was ranked 364th in the latest Association of Tennis Professionals (ATP) men’s singles ranking. Tennis player Ly Hoang Nam. (Photo: thethao247.vn) This is the highest position a Vietnamese player has ever ranked. Previously, Nam's highest ranking was 385th, recorded in November 2018. The result is attributed to the fact that the player triumphed at ITF M15 in the southwestern province of Tay Ninh, earning 45 points. With the latest ranking, he remains the number-one tennis player in Southeast Asia and is far ahead of rivals in the region. Kasidit Samrej, a 21-year-old player of Thailand, is the second at 662nd. Nam has made an impressive comeback after winning three titles at tournaments in Egypt and Mexico. Previously, Nam finished the M15 Chiangrai tournament series held in Thailand with a runner-up position. He also successfully defended the gold medal in the prestigious men's … [Read more...] about Ly Hoang Nam ranked 364th in ATP world ranking