Tra Vinh to run $43-mln biomass power plant in 2025
Tra Vinh authorities have approved in principle a 25-megawatt biomass power plant worth VND1,066 billion ($43 million) in the Mekong Delta province, for commercial operation in the first quarter of 2025.
The power plant, covering 11 hectares of land and 0.6 hectares of water surface in Luu Nghiep Anh commune, Tra Cu district, is set to commence construction in the second quarter of next year. The project implementation is three years from the in-principle approval date and its lifespan is 49 years.
The project will be deployed by four companies, namely Ho Chi Minh City-headquartered Power Engineering Consulting JSC 2 (PECC2), Tra Vinh-based HCG Tra Vinh Energy JSC, Son My Renewable Energy JSC in Binh Thuan, and Ninh Thuan Agriculture & Renewable Energy JSC in Ninh Thuan province.
Tra Vinh province is now home to the 3,178-MW Duyen Hai thermal power center and five wind power plants already connected to the national grid totaling 320 MW in capacity.
Hau Giang Bioenergy JSC (HBE) and Power Engineering Consulting JSC 2. on October 11 signed an EPC contract and an operation and maintenance (O&M) term sheet to build the Hau Giang Biomass Energy project, set to become Vietnam's biggest rice husk-to-power plant.
Located in the Mekong Delta province of Hau Giang, the 10-hectare, 20-MW plant project will use rice husks as fuel and is set to start commercial operation in 2024.
Private multi-sector group An Viet Phat, a pioneer in Vietnam’s clean energy field, has proposed to develop a VND8.5 trillion ($372 million) biomass power plant in the central province of Ha Tinh. The 112-MW project, with a lifespan of 50 years, will cover 30 hectares in Ky Anh district.
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Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion
Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.
Companies - Sat, December 21, 2024 | 2:08 pm GMT+7
VAFIE seeks to promote sci-tech development, intellectual property policies
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) aims to enhance policies for the development of science, technology, and intellectual property, creating a more conducive investment environment.
Companies - Sat, December 21, 2024 | 1:59 pm GMT+7
Vietnamese dong likely to depreciate 3% in 2025: VinaCapital
The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.
Economy - Sat, December 21, 2024 | 11:23 am GMT+7
First luxury railway journey across Vietnam features Indochine architecture
PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.
Travel - Sat, December 21, 2024 | 10:09 am GMT+7
Vietnam among 40 most beautiful countries: US publication
Vietnam has secured the 36th position in the ranking of the 40 most beautiful countries in 2024 in a testament to its undeniable charm and appeal, according to US News & World Report.
Travel - Sat, December 21, 2024 | 10:04 am GMT+7
Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province
Competition Team Technology (Vietnam) Company Limited, a subsidiary of Foxconn, will invest an extra $16 million in its “S- Vietnam” project in the northern coastal province of Quang Ninh.
Industries - Sat, December 21, 2024 | 9:53 am GMT+7
Vietnam’s small- and medium-sized businesses embrace digitization to weather global expansion risks: survey
While global expansion remains a key priority for the country's small- and medium-sized businesses (SMBs), achieving this goal requires overcoming challenges by leveraging the right talent and advanced technologies, including AI, according to Payoneer’s findings.
Companies - Sat, December 21, 2024 | 7:56 am GMT+7
Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans
Vietnam's tax authorities have collected about VND4.3 trillion ($169 million) from 6,500 delinquent taxpayers through exit ban measures so far this year, nearly five times the amount reported in the middle of the year.
Finance - Fri, December 20, 2024 | 10:29 pm GMT+7
French, Chinese EV manufacturers to invest in Indonesia
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Southeast Asia - Fri, December 20, 2024 | 6:42 pm GMT+7
Thailand optimistic about export prospects for 2025
With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about $305 billion.
Southeast Asia - Fri, December 20, 2024 | 6:36 pm GMT+7
Philippines imposes temporary import ban on live cattle from Japan
The Philippines has imposed a temporary ban on the importation of live cattle and buffalo as well as their products from Japan due to the outbreak of lumpy skin disease (LSD), its Department of Agriculture said on Thursday.
Southeast Asia - Fri, December 20, 2024 | 5:53 pm GMT+7
Malaysia-China trade hits nearly $100 bln
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Southeast Asia - Fri, December 20, 2024 | 5:51 pm GMT+7
Indonesia to stop importing sugar in 2025
The Indonesian government expressed optimism that the plan to stop importing sugar and several other commodities in 2025 will be implemented due to increased domestic production.
Southeast Asia - Fri, December 20, 2024 | 5:50 pm GMT+7
Major defence industry corporations compete for market share in Vietnam
Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.
Southeast Asia - Fri, December 20, 2024 | 5:36 pm GMT+7
Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam
Japan's Marubeni Corporation, through its wholly-owned subsidiary Marubeni Green Power Vietnam Co., Ltd, has begun operating a battery energy storage system (BESS) project in Vietnam.
Energy - Fri, December 20, 2024 | 5:19 pm GMT+7
Vietnam Post turns to online sales of agricultural products to stay competitive
State-run Vietnam Post Corporation (Vietnam Post) recently launched nongsan.buudien.vn, an e-commerce platform dedicated to agricultural products, with an aim to tap into the year-end market and the promising potential of this business area.
Companies - Fri, December 20, 2024 | 4:25 pm GMT+7