Storm about to hit new orleans

In August alone, the total rainfall in Vietnam's northern region would be 10-20% higher than in previous years. Vietnam could face two tropical depressions or storms in August, according to the National Center for Hydrometeorological Forecasting (NCHMF). NCHMF deputy director Hoang Phuc Lam said the center was monitoring the possibility of weather disturbances that could evolve into tropical depressions or storms in the East Sea over the next five to seven days. Lam noted that under the influence of the tropical depression, the northern part of Vietnam will experience strong winds and rough seas, while heavy rains and strong winds are likely to occur in the coastal areas in the next few days. “Storms and tropical depressions are likely to hit in the northern part of the East Sea this month and increase in frequency in the following months,” the deputy director said. The satellite image of Storm Chaba which hit Vietnam in July 2022. Photo: NCHMF … [Read more...] about Two storms forecast to hit Vietnam this month

The storm is forecast to cause heavy downpours and rough seas in the northern region, including Hanoi, in the coming days. A tropical low depression has strengthened into a tropical storm named Mulan, which will hit the northern coast of Vietnam early on August 11 morning, according to the National Center for Hydrometeorological Forecasting (NCHMF). Mulan is the second tropical storm to have formed in the East Sea this year and will enter Vietnamese waters shortly, the center said, adding that its center was 480 kilometers from Mong Cai in the northern province of Quang Ninh this morning with winds of up to 62-88 kilometers per hour (kph). Storm Mulan is heading toward northern Vietnam. Photo: NCHMF Over the next 24 hours, it would move west-northwest at a speed of 15-20 kph. The storm is forecast to enter the Gulf of Tonkin tonight, causing heavy downpours and rough seas in the northern region, including Hanoi, in the coming days, the NCHMF noted. At … [Read more...] about Tropical storm Mulan to hit northern Vietnam tomorrow

A tropical depression in the East Vietnam Sea strengthened into a storm on Tuesday and is expected to bring heavy downpours to northern and north-central provinces over the next few days. Storm Mulan, the second to hit Vietnam this year, was located 480 kilometers southeast of northern Quang Ninh Province at 7:00 am on Wednesday, according to the National Center for Hydro-meteorological Forecasting. The highest wind speed was recorded at 62-88km per hour with gusts up to 117km an hour. The storm is forecast to travel northwest in the next 24 hours and is expected to be 70 kilometers south of Quang Ninh, packing winds of 62-74km per hour. It will continue heading northwest in the next 24-48 hours and weaken into a tropical depression above northern Vietnam. Due to the influence of Storm Mulan, torrential rains of 100-200 millimeters will lash northern localities as well as north-central Thanh Hoa and Nghe An Provinces from Wednesday evening to Friday. Powerful winds are … [Read more...] about Storm Mulan to bring heavy downpours to northern Vietnam

A tropical depression formed in the northern part of the East Sea on August 9 and is likely to strengthen into a storm in the next 24 hours, according to the National Center for Hydrometeorological Forecasting. Northern coastal provinces will brace for a spell of heavy rain in the coming day as a new storm is likely to form in the East Sea on August 10. The tropical depression, packing winds of between 39-49kph near its centre at around 1am on August 9, is forecast to move north and north-east and then change its direction into north and north-west to travel at a speed of 10kph. It is anticipated to gain strength into a storm at around 1am on August 10 with winds gusting between 62 – 74kph near its eye. In the next 24 to 48 hours, the storm is likely to move north west at a speed of 10-15kph. Northern provinces, especially those stretching along the coastal areas, have been warned about heavy rain and rough seas in the coming days. … [Read more...] about Tropical storm likely to form in East Sea, heavy rain expected

Hanoi - The number of newly-opened securities accounts dropped sharply in July to the lowest in about two years as stock market liquidity hit a monthly low. An investor was watching his cellphone in front of a stock trading board. (Photo cafe.vn) Data from the Vietnam Securities Depository (VSD) showed domestic investors opened 199,128 new securities accounts last month, a decline of 57% over the previous month. This is the second time the number of new accounts opened in the country has dropped below 200,000 units. The last time was in February, which coincided with the Lunar New Year Holiday. Retail investors continued to be the market’s key contributor opening 198,988 new accounts, with 140 accounts from institutional investors. Meanwhile, in July, domestic individual investors closed 3,279 accounts. In the first seven months of the year, domestic investors opened more than two million new securities accounts, far exceeding the figure for 2021 (1.53 million … [Read more...] about New securities accounts hit near two-year low in July

Illustrative image (Source: VNA) Hanoi (VNA) – Oil exploitation in Block 15.1 by Cuu Long Joint Operating Company ( Cuu Long JOC ) is likely to reach a new milestone of 400 million barrels in December, the firm has announced. Cuu Long JOC - comprising Petro Vietnam , ConocoPhillips, KNOC, SK Corporation, and Geopetrol - is the second-biggest oil producer in Vietnam that was established in 1998. According to Cuu Long JOC Director Nguyen Van Que , as of 2011, the firm had paid 11.9 billion USD to the State budget, and posted a revenue of 27.3 billion USD. In the first seven months of this year, the company installed underground pumps and successfully drilled two more wells. Therefore, the firm expects to pay 864 million USD to the State budget this year, he said. According to Que, Cuu Long JOC's investment in oil and gas exploration and production from 2003 to the end of 2022 will reach about 7.75 billion USD. By June 2016, Cuu Long JOC had reached an output … [Read more...] about Cuu Long JOC oil production likely to hit 400 million barrels this year

MDF production line at Thanh Thanh Dat MDF JSC's factory in Ha Tinh Province. — VNA/VNS Photo While many products exported to the UK enjoyed strong increases thanks to the UK-Viet Nam Free Trade Agreement (UKVFTA), Viet Nam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies. In fact, Viet Nam’s wood industry is seeing declining sales overseas. The export value in July was estimated at US$1.41 billion, down 5.5 per cent against June and 1.6 per cent year-on-year, according to a report of the General Department of Forestry under the Ministry of Agriculture and Rural Development (MARD). This was the second month that the export of wood and timber products decelerated. Earlier, figures from the General Department of Customs showed the export turnover of wood and wood products reached $1.4 billion in June, down nearly 11 per cent year-on-year. Ending July, wood and wood products were … [Read more...] about Viet Nam’s timber industry urged to seek new opportunities in the UK

MDF production line at Thanh Thanh Dat MDF JSC's factory in Ha Tinh province. (Photo: VNA) Hanoi (VNS/VNA) - While many products exported to the UK enjoyed strong increases thanks to the UK-Vietnam Free Trade Agreement ( UKVFTA ), Vietnam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies. In fact, Vietnam’s wood industry is seeing declining sales overseas. The export value in July was estimated at 1.41 billion USD, down 5.5% against June and 1.6% year-on-year, according to a report of the General Department of Forestry under the Ministry of Agriculture and Rural Development (MARD). This was the second month that the export of wood and timber products decelerated. Earlier, figures from the General Department of Customs showed the export turnover of wood and wood products reached 1.4 billion USD in June, down nearly 11% year-on-year. Ending July, wood and wood products were … [Read more...] about Vietnam’s timber industry urged to seek new opportunities in UK

President Nguyen Xuan Phuc (left) and Ambassador of South Africa Vuyiswa Tulelo (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc met with newly-appointed ambassadors of South Africa, Saudi Arabia and Belgium, who came to present their credentials, in Hanoi on August 5. Meeting with Ambassador of South Africa Vuyiswa Tulelo, President Phuc expressed his belief that she will contribute to promoting the bilateral ties, especially the organisation of activities marking the 30th founding anniversary of diplomatic relations in 2023. Vietnam always attaches importance to the traditional friendship with South Africa and regards the country as an important cooperation and development partner in the continent, he affirmed. The President urged the diplomat to coordinate with Vietnamese agencies to step up the exchange of delegations, especially at the high level, through Party, State and National Assembly channels. Vietnam stands ready to support South Africa to … [Read more...] about President receives new ambassadors of South Africa, Saudi Arabia, Belgium

According to the National Center for Hydro-meteorological Forecasting, the center of the low-pressure area lay to the south of Guangdong Province, with maximum wind speed of 50 kph at 1 p.m.. on Thursday. In the next 24 hours, the area will move in the west-northwest direction at the speed of 10-15 kph and enter Guangdong. Under its impact, Hanoi and other northern localities will receive heavy rains in the next three days. The rain volume each day is forecast at 40-80 millimeters and up to more than 100 millimeters in some places. The low-pressure area will also bring rains to the south. On Thursday afternoon and evening coastal areas from the central province of Binh Dinh to the southernmost province of Ca Mau are likely to get heavy rains and strong winds. Ho Chi Minh City and its surrounds will continue to be hit by heavy rains and strong winds for the next few days. Vietnam should expect 10-12 storms and low-pressure areas in the East Sea this year, with around half … [Read more...] about Tropical depression to bring rains to northern Vietnam