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
Talk about quang ninh
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
Quang Hai signs two-year deal with French side Pau FC
Vietnam's international star Nguyen Quang Hai has finally completed a move to Europe, signing with French Ligue 2 side Pau Football Club. Vietnam's international Nguyen Quang Hai (left) poses with his new coach Didier Tholot and jersey, after signing a two-year contract with French side Pau FC on June 26. (Photo of Pau FC) The midfielder has passed a medical and signed a two-year deal that has an option to extend his stay in southwestern France for another year. He has been handed his favourite No 19 jersey, which he wore for both former side Hanoi FC and the national team. “I have had medical tests at Pau Football Club. Everything is good. I have reached all requirements of health," Hai posted on his Facebook on June 29. "The first important step is done. I am an official player of Pau FC from this moment. I am happy and proud. "Thank you all, parents, family, supporters, media and all people who have been accompanying me on my journey. Let's fight!" he … [Read more...] about Quang Hai signs two-year deal with French side Pau FC
Midfielder Quang Hai has first practice with French club
The practice session began at 9:30 a.m. local time amid a light drizzle, according to Pau FC. Hai, the first Vietnamese to play for a professional club in France, and his teammates were present about 10 minutes prior. Despite not being able to speak French yet, Hai greeted his teammates and was met with warm welcome in response. They had a warm-up run for 20 minutes under the instructions of coach Didier Tholot. There would be two practice sessions every weekday except for Wednesday. A press conference took place in the afternoon the same day to announce the Pau FC’s newcomers, including Hai. A friendly match with another team in Dax is expected on July 8, before the first match of the Ligue 2 on July 30. In six seasons at Hanoi FC, Hai played 126 matches, scored 35 times and won every domestic title and the Vietnam Golden Ball in 2018. He also played an important role in Vietnam winning the 2018 AFC U23 Championship's second place, the 2018 AFF Cup title and SEA Games 30 gold … [Read more...] about Midfielder Quang Hai has first practice with French club
Rumor on former Minister of Health’s suicide in prison denied
Major General Nguyen Van Thanh, Deputy Director of the Police Department for Investigation of Crimes on Corruption, Economy and Smuggling (C03) under the Ministry of Public Security provided more information about investigation process of the case at Viet A Company. As for the case of Viet A Company, the Ministry of Public Security is under investigation for the acts of the arrestees including former Minister of Science and Technology, former Chairman of Hanoi People's Committee Chu Ngoc Anh and former Minister of Health Nguyen Thanh Long. Amid the rumors about former Minister of Health Nguyen Thanh Long and former Director of Hanoi Heart Hospital Nguyen Quang Tuan suicided in prison, the leader of C03 confirmed that it is fake news. Major General Nguyen Van Thanh affirmed that the arrestees are in normal psychology state. By Do Trung- Translated by Huyen Huong … [Read more...] about Rumor on former Minister of Health’s suicide in prison denied
UK multinationals pledge long-term presence in Vietnam
Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam
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
Policies to take effect in July
Illustrative photo (Source: VNA) Hanoi (VNA) – A host of new policies , including those on minimum wage increase , paper bill elimination , and new ordinary passports, are due to come into force in July. Accordingly, a new decree, coded 38/2022/ND-CP, on raising the regional minimum wage for labourers will come into effect on July 1. The 6 percent increase is equivalent to a rise of 260,000 VND (11.20 USD) in Region 1, and 240,000 VND, 210,000 VND, and 180,000 VND in Regions 2, 3, and 4, respectively. The document to this effect also specifies that the minimum hourly wage will range from 15,600 to 22,500 VND, which also depends on the region. The geographical classification is determined based on the employer’s place of operation. Region 1 covers Hanoi and Ho Chi Minh City's urban areas; Region 2 encompasses Hanoi and HCM City's rural areas, along with major urban areas in the country like Can Tho, Da Nang and Hai Phong; Region 3 covers provincial cities and the … [Read more...] about Policies to take effect in July
Vietnam, Japan boost legal and judicial cooperation
Deputy Minister of Justice Nguyen Khanh Ngoc holds talks with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 29. (Photo: VGP) Hanoi (VNA) – Deputy Minister of Justice Nguyen Khanh Ngoc held talks with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 29 to chalk out ways to step up cooperation. Ngoc highly appreciated Furukawa for selecting Vietnam as one of the destinations in his first foreign trip since taking office in October 2021, saying Japan was the first bilateral partner providing technical support for Vietnam in legal and judicial matters, particularly through projects run by the Japan International Cooperation Agency (JICA) in Vietnam since 1996. Japan has been providing Vietnam with assistance in law-making in civil and economic affairs and litigation, as well as capacity building. To further boost the bilateral partnership in the coming time, Ngoc suggested the two sides continue effectively executing … [Read more...] about Vietnam, Japan boost legal and judicial cooperation
EDPR forays into Vietnam’s renewable energy market after taking over a solar PV project
EDPR has reached an agreement with Trina Solar, the world-leading PV and smart energy total solution provider, to acquire the Trung Son Solar PV project in Khanh Hoa province. Put into operation in December 2020, the project has a power purchase agreement (PPA) signed with Electricity of Vietnam under a 20-year feed-in tariff (FiT). In June, EDPR also inked a deal to scoop up two solar plants in Vietnam with a total capacity of 200MW from Xuan Thien Group. Situated in Ninh Thuan province, the two solar plants have been operated since 2020. The deals have an estimated valuation of $284. Vietnam is one of the fastest-growing economies in Southeast Asia with power demand increasing at around 10 per cent per annum. Thermal represents around 50 per cent of the capacity mix and energy dependence has increased significantly with net imports currently at 30 per cent of total energy demand. With the objective of increasing the weight of renewable energy sources in the energy mix and … [Read more...] about EDPR forays into Vietnam’s renewable energy market after taking over a solar PV project