Vietnam business visa application

A wind farm of Trung Nam Group in Ninh Thuan province in the central region of Vietnam (Photo courtesy of the Group) Hanoi (VNS/VNA) - Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT). On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas. With forecasts that Vietnam's GDP growth will reach an average of 6.6 percent per year in 2031-2045 and 5.7 percent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045. The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 percent from coal-fired thermal power, 21 percent from gas thermal power, 18 percent from hydroelectricity, 29 percent from wind power, solar and renewable energy and 4 percent from the imported sources and 1 percent from other types of energy from storage devices. The MoIT’s draft said by 2045, the total installed capacity will reach nearly 276.7 GW including 18 percent from coal-fired thermal power, 24 percent from gas thermal power, 9 percent from hydroelectricity, 44 percent from wind power, solar and renewable energy and 2 percent from the imported sources and 3 percent from other types of energy from storage devices. The power master plan VIII encourages the development of renewable energy and discourages hydroelectricity. Renewables made up 13 percent of power in 2020 and are aimed to make up 30 percent by 2030 and 44 percent by 2045. Regarding the power grid development programme, the plan proposes to continue building the 500kV power transmission system to transmit electricity from major power …

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Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA) New Delhi (VNA) – The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25. The bilateral trade-investment promotion conference titled “Boosting trade-investment cooperation opportunities between Vietnam ese and Indian SME s” was jointly organised by the Trade Office of the Vietnamese Embassy in India, Uttar Pradesh state government, the Indian Industries Association (IIA) and the Hanoi SME Association. IIA President Pankaj Gupta said that several major enterprises of India such as Adani Group, Mahindra, SRF and Suzlon have shown interest in investing in Vietnam. He suggesting Indian enterprises invest in Vietnam in the fields of energy, mineral exploration, agricultural chemicals, sugar production, tea, coffee, information technology, and automobile components. Vietnam is currently holding a lot of advantages for investors such as favourable investment policies, numerous free trade agreements, rapid economic growth, stable political situation, cheap labour costs, and young labour force, he stated. However, participants pointed to several challenges for foreign investors in Vietnam, including high corporate tax rates of 32-50 percent for companies operating in oil and gas exploration and exploitation and other valuable natural resources, complicated administrative procedures, and dependence on cash transactions. Meanwhile, Vietnamese Ambassador to India Pham Sanh Chau proposed the two countries’ enterprises expand cooperation in supporting industry, automobile and motorbike spare parts, garment and footwear materials and household appliances. According to the Vietnam Foreign Investment Agency, as of December 2020, …

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>>> VND20 billion offered for home-grown COVID-19 vaccine clinical trial study >>> Nearly 300 volunteers in Long An engage in second-stage trials of Nano Covax Protecting against new SARS-CoV-2 variants from the UK and South Africa IVAC's COVIVAC vaccine research project started from May 2020 on the basis of cooperation with the relevant universities, research institutes and international organisations. IVAC Director Dr. Duong Huu Thai shared that the vaccine phase 1 and phase 2 clinical research protocols have been approved by the National Ethical Council in Biomedical Research and the Ethical Councils at grassroots level. IVAC is scheduled to kickstart the clinical trials at National Institute of Hygiene and Epidemiology (NIHE) and Hanoi Medical University in early March and will conclude by this October. According to Dr. Thai, volunteers participating in the study include 120 healthy persons, aged 18-59, both male and female. They will receive two injections of 0.5 ml each (vaccine or placebo injection) 28 days apart. Phase 1 will study the safety and immunogenicity on four groups of different doses: 1mcg, 3mcg and 10mcg of Protein S antigen without adjuvants and 1mcg with adjuvants, along with a placebo control group (using vaccine-free ingredients) to evaluate safety and immune response to select the two optimal vaccine groups, then moving to Phase 2. After the 1st injection, the volunteers will be medically monitored for 24 hours at the Hanoi Medical University. After the second, medical monitoring time will be four hours. Phase 2 will be conducted at the Medical Centre of Vu Thu District, Thai Binh Province. Volunteers will include 300 healthy people, aged 18-75 (of which age 60-75 accounts for about one third), both male and female. After Phase 1 (after 43 days of injection), if the immunosecurity results are good and the optimal dose is selected, the vaccine will continue to Phase 2. Volunteers will receive …

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