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Vietnam cambodia itinerary 10 days

/ February 26, 2021

VIETNAM BUSINESS NEWS FEB. 26

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of power being bought annually during the 2016-2020 period. This northern neighboring market can sell up to 3,000 MW of electricity or more to Vietnam from now until 2030. Petrol prices rise under latest adjustment The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday. The retail price of E5RON92 bio-fuel rose nearly 700 VND to 17,031 VND (0.74 USD) per litre at a maximum, while that of RON 95 increased over 700 VND to 18,084 VND per litre. Diesel 0.05S and kerosene, meanwhile, are now no more than 13,843 VND and 12,610 VND per litre, up by around 800 VND and 700 VND, respectively. According to the two ministries, the prices of petrol and oil in the global market have been rising strongly for 15 days, hence the adjustment. The two review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. Aquatic product …

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/ February 27, 2021

VIETNAM BUSINESS NEWS FEB. 27

MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam and UK. By doing so, the draft decree will avoid amending Decree 95/2020/NĐ-CP many times. The MPI has asked the Government to revise Decree No 95 as follows. The first option aims to implement international treaties on bidding and the second option is to execute the bid for public procurement of goods under the CPTTP, EVFTA and UKVFTA. To boost competitiveness in bidding, the draft decree has stipulated the implementation of bidding related to consultancy services, non-consultancy services and construction services. In the draft decree, bidding packages specified in Appendix II of the Decree No 95 show State companies will decide to allow intra-regional contractors or contractors from member countries of CPTTP to attend only. For bidding packages specified in Appendix III of Decree No 95, State companies can allow intra-regional contractors or contractors from member states of the EU and UK to bid. Regarding the intra-regional procurement bidding for the supply of goods …

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/ February 28, 2021

Zero new COVID-19 cases in Vietnam on Sunday morning

The latest update from the Ministry of Health (MoH) showed positive results of Vietnam’s bid against the COVID-19 pandemic. Vietnam recorded no new local case of COVID-19 on Sunday morning, according to an MoH report. The national caseload tally stayed at 2,432, with 837 domestic cases reported since January 27, when Vietnam confirmed the first community-based infection after having spent almost two months detecting zero local transmissions. Meanwhile, patient No. 1,536, the most serious COVID-19 case in Vietnam at the moment, is making good progress, with five test results turning out negative so far, the MoH said. The patient is a 79-year-old woman who landed in Da Nang from the United States on January 13. She tested positive for the pathogen on January 13 and was transferred to the Da Nang Lung Hospital for treatment. She has a medical history of diabetes and high blood pressure. Patient No. 1,536 is considered the most critical infection in Vietnam now, even surpassing the case of patient No. 91, a British pilot who spent 68 days on life support. The patient is seeing positive recovery following 26 days on an ECMO machine, a type of life support outside the body, and 10 liters of blood plasma injection. The patient’s situation has prompted seven national-level consultations which involved Vietnam’s leading medical experts. Four teams consisting of 18 medical workers were mobilized to ensure consistent treatment for the patient and minimize transmission risks. In related news, the first batch of AstraZeneca COVID-19 vaccine doses arrived at Tan Son Nhat International Airport in Ho Chi Minh City at 11:00 am on Wednesday. The shipment of 117,600 shots is part of an order of 204,000 doses approved by the Vietnamese Ministry of Health. “We expect the price of the COVID-19 vaccine to be very favorable for many people to have a chance to get inoculated early during the pandemic,” said Vu Thi Thu Ha, supply chain director of Vietnam Vaccine …

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