The Hanoitimes - Local supporting policies together with global advanced technologies will help drive down input cost for wind power projects. World experts gather in Hanoi for Vietnam Wind Power 2019 Offshore wind power: Dutch lessons to help Vietnam ensure energy security GIZ aids Vietnam’s wind-to-power capacity in 5-year journey Vietnam's new price policy to boost wind power investments Vietnam has huge wind power potential and the government has outlined a roadmap to tap potential of this kind of renewable energy. Huge potential for onshore and offshore wind in Vietnam. Photo: GWEC Vietnam has become, in the eyes of investors, a destination for wind power developers for three reasons, according to the Global Wind Energy Council (GWEC). First, levelized cost of energy (LCOE), which is considered as the payback for energy systems, for onshore wind came down by 30% in the past four years. Second, wind energy with the deployment … [Read more...] about Why is wind energy more cost-competitive in Vietnam?
Why electricity prices are rising
The Hanoitimes - Senior government officials said that electricity and gasoline are items leaving impacts on the economy and catching public attention. PM orders checking of power price hike following social outcry Vietnamese media has questioned the Ministry of Industry and Trade (MOIT) about labeling “secret” the plans for raising electricity and gasoline prices. Government April meeting with the chairmanship of Chairman Mai Tien Dung. Photo: VGP VnExpress asked the MOIT at the government’s regular meeting last weekend why it tagged the adjustment of power and gasoline prices as “state secret” and basing on what ground. In response, Deputy Minister of MOIT Do Thang Hai said that the ministry keeps the plans unrevealed before the official announcement with an aim to avoid any unexpected impacts on the society due to the crucial role of electricity and petroleum in the economy. Hai attributed the Law on Protecting State … [Read more...] about Why does Vietnam label plans on energy price hike “secret”?
A senior official of the Ministry of Industry and Trade told VnExpress that prices have gone up from VND1,720 (7.4 cents) per kWh to VND1,864 (8 cents), exclusive of VAT. The ministry had said earlier this month that the Prime Minister had approved an increase in power prices. Vietnam’s power consumption has been increasing by about 10 percent each year, but generation has not kept pace. The hike could lower Vietnam’s GDP this year by 0.22 percent and increase its consumer price index (CPI) by 0.29 percent, the ministry said. Vietnam's CPI increased 3.54 percent in 2018. Vietnam’s electricity prices have almost doubled in the last decade, but the last time they were raised was in 2017. According to Vietnam Electricity (EVN), overall production costs rose by VND5.48 trillion ($235.46 million) year-on-year in 2018 mainly due to exchange rate differences in electricity purchase contracts and gas price increases. The utility expects costs to rise by VND15.25 trillion … [Read more...] about Vietnam electricity prices go up after two years
While a ministry spokesman did not specify the date of increase, he said the plan has been approved by the Prime Minister. As such, average electricity prices will go up from VND1,720 (7.4 U.S. cents) to VND 1,864 (8 cents) per kWh exclusive of VAT, equivalent to a unit increase of 0.6 cents. According to Vietnam Electricity (EVN), overall production costs rose by VND5.48 trillion ($235.46 million) year-on-year in 2018 mainly due to exchange rate differences in electricity purchase contracts and gas price increases. The utility expects costs to rise by VND15.25 trillion ($655.34 million) in 2019. This is not to mention other expected increases in costs of production, as well as coal and electricity imports, EVN has said. Deputy Minister of Industry and Trade Hoang Quoc Vuong said Vietnam's electricity prices were 8.1 percent lower than that of China and India, 18 percent lower than Laos and 26.5 percent lower than Indonesia. Even with the latest increase, the prices would only be on … [Read more...] about Vietnam electricity prices to rise by 8.36 pct this month
Minh believes that health is a person’s most precious asset, but one that does not receive due attention. Several cooking mistakes can put one’s health in danger: cooking food at high temperatures for too long, reusing oil or storing food for many hours can increase the risks of cancer, diabetes and cardiovascular diseases. Besides unsafe and unhygienic food, poor-quality pans also adversely affect consumers’ health. "You can only live a long life when your intestines are clean and you have a healthy diet. According to Japanese American doctor Hiromi Shinya, author of the popular book The Enzyme Factor, strong people are those who have well-functioning gastrointestinal system, and on the contrary, poor heath is often seen in people with weak intestines. A healthy person often dreams of many things: money, fame, successful career. But once you are sick in bed, you only dream of good health,” Minh said. Several years ago, Minh’s son-in-law in the U.S. told … [Read more...] about From kitchen ashes rises a revolutionary renovation in pottery