Power development plan

At present, a series of investors expect to add their projects to the national power development plan in 2021-2030, with vision to 2045 (Power Plan VIII) but lack a framework on selling price. Thus, the National Steering Committee for Electricity Development asked the Electricity Regulatory Authority to complete the price framework for power plants using LNG in the third quarter of this year and submit it to the Ministry of Industry and Trade for consideration. … [Read more...] about Authorities ask LNG Bac Lieu power project to keep price at 7 US cent per kWh

Development of an LNG power plant in the Chan May-Lang Co EZ will likely generate positive economic impacts in a variety of ways on the local economy from the construction to the operational phase. A project of this nature and scale generally increases local GDP by 7-15 per cent during construction and 5-7 per cent during operations, according to experts. This increase in GDP over the life of the project will have significant benefits to families, local businesses, and the ability of the province to meet master plan objectives. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7

Along with Vietnam, the global economy is in the doldrums. International organisations like the International Monetary Fund (IMF) or the World Bank have scaled down global growth forecast to -4.9 per cent, and then -5.2 per cent, the lowest level since the Great Depression. Meanwhile, these entities still hold a positive development forecast for Vietnam’s economy. Along with this, the IMF put Vietnam’s growth at 2.7 per cent in its forecast, and that from the World Bank at 2.8 per cent, and from the Asian Development Bank at 4.1 per cent. … [Read more...] about Stronger actions needed for economic rebound

Held by the Indonesian Committee for Inter-Parliamentary Cooperation, the teleconference featured the participation of Chairman of Indonesia's House of Representatives’ Commission for Foreign Affairs Fadli Zon, Deputy Speaker of Malaysia’s House of Representatives Dato Mohamad Rashid Hasnon, head of the Republic of Korea’s National Assembly’s ad-hoc committee for responding to the coronavirus outbreak Kim Jin-pyo, the World Health Organisation (WHO) representative in Indonesia Navaratnasamy Paranietharan, and Executive Secretary of the UN Economic and Social Commission for Asia and Pacific Armida Alisjahbana. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia on April 22