It would cost about VND 1.20 trillion (USD 52.18 million) to fill the Nui Beo open-cast coal mine pit in Ha Long City after closure. Nui Beo used to be the biggest open cast coal source in Ha Long City with an average annual output of five million tonnes. Ngo The Phiet, director of Nui Beo Coal Joint Stock Company under the Vietnam National Coal and Mineral Industries Group said that they are planning to fill the mined area. "The two pits are some 125 metres deep in Ha Tu Ward, Ha Long City," he said. "We may need some 30 million cubic metres of soil to fill these two pits." The official estimated that the work would cost VND 1.20 trillion (USD 52.18 million) and last until 2030. "With the current fuel price hike, the cost may rise to between VND 1.50-1.60 trillion," he said. "Meanwhile, our annual profits now stand at only between VND40-50 billion". Nui Beo, the largest open-cast coal mine in the northern province of Quang Ninh was closed in … [Read more...] about Huge costs for filling Ha Long largest open-cast coal mine
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East Vietnam Sea hit by first tropical storm of 2022
A tropical depression in the East Vietnam Sea developed into a storm on Thursday morning, marking the first tropical storm to hit the Southeast Asian country this year. The storm, named Chaba, was located 400 kilometers east of Vietnam's Hoang Sa (Paracel) archipelago at 10:00 am on Thursday, according to the National Center for Hydro-meteorological Forecasting. The average wind speed was recorded at 62-74km per hour, and gusts were up to 100km an hour. Storm Chaba is expected to travel northwest in the next 48 hours. As of 10:00 am on Saturday, the storm will be situated 120 kilometers northeast of China’s Hainan Island, packing winds at 62-88km per hour. Due to the influence of the storm, rough seas, strong winds, and waves as high as three to five meters will occur in the northern part of the East Vietnam Sea. The border guard command reported on Thursday morning that it had warned nearly 60,000 ships of the storm. The National Steering Committee for Natural Disaster … [Read more...] about East Vietnam Sea hit by first tropical storm of 2022
Vietnam-UK target US$10-billion trade turnover by 2023
UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023