Short term training course

member of the Party Central Committee, permanent member of the Central Military Commission and Deputy Defense Minister, during the inspection of the academy’s task implementation in the first six months of this year conducted on June 15. Having visited the academy, the Deputy Defense Minister praised its achievements in the first six months of 2017. Accordingly, the academy flexibly adjusted its training programs, built exercise scenarios in line with reality, successfully organized a command exercise for seniors, and comprehensively implemented Party and political work. During the inspection, General Don also asked the academy to continue renewing training methods and contents with the focus on enriching cadets’ specialized and practical knowledge through field trips and exercises and raising the quality of instructors. Agreeing on a logical plan for the upgrading and construction of lecture halls and accommodation to meet the long-term demand for officers, he said, in short-term, the academy should prioritize the repairing and upgrading of the downgraded facilities and the construction of essential projects to meet the officers’ daily and study demands. Translated by Tran Hoai …

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Vietnam's stock market edged lower on Tuesday as selling pressure reappeared in many sectors. Viet Nam's stock market edged lower on Tuesday as selling pressure reappeared in many sectors. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE), fell 4.12 points, or 0.33 per cent, to 1,248.33 points. Despite the market breadth turning negative with 113 stocks increasing while 312 stocks declined, the market's liquidity was higher than yesterday. Domestic investor poured VND23.47 trillion into the southern bourse, equivalent to a trading volume of nearly 1.03 billion shares. Analysts from Bao Viet Securities Company remain optimistic about the market's bullish trend. "The VN-Index is expected to continue to gain points and head towards the resistance territory of 1,275 - 1,300 points in the short-term," Tran Xuan Bach, a senior stock analyst from Bao Viet, said. "The market will witness a strong division between stock lines, as well as fluctuations and corrections when the index is approaching the resistance levels to the next highs. "Local cash inflows are still the main driving force for the market during this period. Large-cap stocks, especially leading stocks, will alternately rise to support the market." The 30 large-cap tracker VN30-Index also closed lower, down 0.07 per cent to 1,277.35 points. Seven of the 30 biggest stocks in market capitalisation climbed, while twenty stocks declined and three stayed unchanged. Big stocks from most sectors including banking, materials, utilities, information technology, transportation and logistics posted poor performance. Of the top five stocks weighing the market's trend, three were from banking sectors, one from materials and one from utilities. These stocks were Vietcombank (VCB), JSC Bank For Investment And Development of Viet Nam (BID), Vietinbank (CTG), Hoa Phat Group (HPG) and PetroVietnam Gas JSC (GAS). However, the losses were capped by gains in the real estate and …

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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 …

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