Do Van Chien named President of VFF Central Committee Do Van Chien, President of the VFF Central Committee for the ninth tenure, speaks at the meeting in Hanoi on April 12 Do Van Chien, Secretary of the Party Central Committee and Secretary of the Party Delegation of the Vietnam Fatherland Front (VFF), has been assigned as President of the VFF Central Committee for the ninth tenure (2019-2024). The VFF Central Committee held a meeting in Hanoi on April 12 to discuss the appointment of its President and additional members to its Presidium. All in attendance agreed to assign Chien as a member of the VFF Central Committee and its Presidium, and President of the VFF Central Committee for the ninth tenure. His predecessor, Politburo member Tran Thanh Man, was recently elected Vice Chairman of the 14th National Assembly (NA). In his inauguration address, Chien said the VFF should push ahead with performing its duties in the election of deputies to the 15th NA and all-level People’s Councils for the 2021-2026 term. He called on people from all social strata nationwide and overseas Vietnamese to continue upholding the tradition of great solidarity, actively support patriotic emulation movements launched by the VFF, and capitalise on opportunities and advantages to weather the challenges and join the entire Party, people, and army in developing a strong and prosperous Vietnam and helping all people enjoy a prosperous and happy life. Born on November 10, 1962, Chien is from the San Diu ethnic minority group. He has served as Secretary of the 13th-tenure Party Central Committee and Secretary of the Party Delegation of the VFF in the 2019-2024 tenure since March 31 this year. All participants at the meeting also agreed to add eight people to the VFF Central Committee for the ninth tenure. Programme honours Vietnam’s Ao dai in Hanoi An Ao dai (Vietnamese traditional long dress) performance event named “Ao Dai Cua Chung Ta” (Our Ao dai) was held in …
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VIETNAM BUSINESS NEWS APRIL 13
Vietnam gas consumption to double in next 10 years: Fitch Solutions Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production. Vietnam’s gas consumption is predicted to accelerate strongly over the coming decade, more than doubling, over the duration of the upcoming Power Development Plan VIII (PDP VIII) [2021-2030]. “The potential of the Vietnamese gas market is strong,” stated the Fitch Solutions in a note, saying in comparison to markets similar in terms the size of the consumer market as measured by population, Vietnam appears undersupplied in gas both in terms of absolute consumption volume and per capita. The domestic gas network is also found deficient with Vietnam ranking 15th out of 17 Asia-Pacific gas markets as per the CIA Factbook in terms of total gas pipeline length, despite having historically been self-sufficient in gas. The current gas demand is predicted to be more than double over the next decade, from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3 bcm in 2030. It is also expected that influx of LNG will help counter the decline in domestic production. However, long-term growth has the potential to far outpace the current forecast, as more projects in the pipeline gain clarity and are brought online, stated Fitch Solutions. Under the draft PDP VIII, the Ministry of Industry and Trade (MoIT) outlines ambitious growth targets for power generation from natural gas and renewables. The share of gas-fired generation capacity is forecast to grow from about 14.9% in 2020 to 21% in 2030 and further to 24% in 2045, while that for renewables is expected to increase from 9.9% in 2020 to 29% in 2030, and to over 40% in 2045. “These are expected to occur at the expense of coal and hydropower, which are more pollutive and environmentally damaging to produce domestically,” added Fitch Solutions. The …
Expectations for Vietnam’s new path
Vietnam has emerged from a period of reshuffle as it confirmed the shape of its new government, tasked with leading the country out of coronavirus pandemic and improving on its economic performance despite global fluctuations of the past year or so. Key leaders, experts, and organisational heads discuss below the sustained progress so far in the economy, diplomacy, and more, while also looking ahead at the next few exciting years. Newly-elected Vietnamese leaders. Photo: VNA Ivo Sieber - Swiss Ambassador to Vietnam Vietnam’s remarkable progress combined with Switzerland’s long-term engagement has resulted in a partnership that makes me proud to look back on. Vietnamese-Swiss relations have developed strongly over the past 50 years. Over the past three decades, cooperation extended dynamically beyond the political and the multilateral sphere to technical and economic cooperation, trade and investment, and more. At the same time, trade and investment flows have steadily increased. Today Vietnam is the only ASEAN country with a positive balance of trade in goods with Switzerland. Effective last year, Swiss direct investment in Vietnam amounted to more than $1.72 billion, and in excess of 100 Swiss companies are active here. Despite the constraints of the pandemic, we have a series of activities planned. Fortunately, the Vietnamese government’s exceptional management of the pandemic offers us many possibilities. If the travel situation permits, we hope to undertake a high-level political visit to Vietnam this year to underscore and strengthen our excellent relations. Marko Walde - Chief representative, Delegation of German Industry and Commerce in Vietnam With a trade volume of almost $16.6 billion in 2020, triple the figure of 2011, Germany is the most important trade partner of Vietnam in the EU. Over 500 German companies are represented in Vietnam and have created around 47,000 qualified jobs …