Energy security at risk after forced plant output cuts 12:33 | 11/05/2021
Energy security at risk after forced plant output cuts
Put into operation in late 2019, Sinenergy Ninh Thuan 1 Solar Power Plant from Singaporeâs Sinenergy Holdings Pte., Ltd. has had to cut the capacity by 20 per cent over recent months, especially during the peak hours of 10am-2pm, due to the overloading of the power transmission lines and transformer stations.
Plant manager To Van Viet told VIR that cutting power outputs has caused millions of US dollars in loss every year. Located over 60 hectares in the south-central province of Ninh Thuanâs Ninh Phuoc district and costing $57 million of investment, the 50MW solar power plant is estimated to gain around $7.4 million annually at full capacity. âCutting power generation capacity could delay return on investment, as well as push some investors into much more difficulties if borrowing money from banks,â
Big businesses pour money into agriculture, expect no profit in short term Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
07/03/2021 09:40 GMT+7
Some billionaires have made big investment in agriculture with an ambitious plan to build a strong brand for Vietnam’s farm produce, but they do not expect to make a profit in the short term.
Soc Trang ST25 rice
Decade of investment
Vinaseed (NSC) of Nguyen Duy Hung and Vinmart of billionaire Nguyen Dang Quang have reached an agreement on the distribution of ST25, recognized as the world’s best rice variety in the world, within the Vinmart and Vinmart+ network nationwide.
Vietnamese rush to buy cars as prices fall Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
05/03/2021 10:00 GMT+7
Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging.
With 300,000 cars sold in 2020, Vietnam has surpassed the Philippines to become the fourth largest automobile market in the region, according to AAF (ASEAN Automotive Federation).
Thailand led the region with 792,146 cars sold in 2020, while Indonesia was in the second position with 600,000 cars sold. The third position belonged to Malaysia with 550,000 cars. The figures were 296,634 for Vietnam and 223,793 for the Philippines.
Vietnam competes with Thailand, Indonesia in car exports Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/02/2021 07:00 GMT+7
Vietnamese enterprises are nurturing the dream of exporting CBU (completely built up) cars, which has partially come true, though exports remain very modest.
In 2020, Thaco exported 1,407 CBU cars of different kinds, worth $50 million, to Thailand, a big automobile manufacturing center in Southeast Asia. Ford Vietnam, after increasing its production capacity to 40,000 products a year, has begun exporting EcoSport, Transit and Tourneo to some regional markets.
In early 2021, VinFast caught public attention when stating that it was going to export two high-end electric vehicle models – VinFast VF33 and VinFast VF32.
A perspective of Fujikin s research and development centre in Da Nang (Photo: laodong.vn)
Hanoi (VNA) - The central city of Da Nang has seen rosy signs regarding foreign
direct investment (FDI) attraction at the beginning of the new year.
It recently granted
a certificate of investment registration to a project worth 35 million USD from
Japan’s Fujikin Incorporated to develop a research and development centre,
according to the
The project aims
to step up scientific research and technological development in the fields of
robotics, drones, and nano devices, among others.
A company representative
said it will promptly carry out investment procedures and construction is scheduled