The Southern Power Corporation of the Electricity of Vietnam (EVN SPC) is investing in building six new power works in Phu Quoc island district of the Mekong Delta province of Kien Giang.
The Southern Power Corporation of the Electricity of Vietnam (EVN SPC) is investing in building six new power works in Phu Quoc island district of the Mekong Delta province of Kien Giang (Photo: VNA)
KienGiang (VNA) -ꦐ The Southern PowerCorporation of the Electricity of Vietnam (EVN SPC) is investing in building sixnew power works in Phu Quoc island district of the Mekong Delta province ofKien Giang.
With total investment worth 3.3 trillion VND (143.7 million USD),those projects are designed to ensure constant and stable electricity supplyfor the island’s socio-economic development. They include two 110kV transformer stations of South Phu Quocand North Phu Quoc, which is being built at a cost of 61.2 billion VND and 71billion VND, respectively. Some 156 billion VND has been spent on a 110 kV Phu Quocswitching station, while the remaining has been allocated for construction oftwo 110 kV power lines and a 220 kV line connecting Kien Binh commune of KienLuong district with Phu Quoc. Director of the SPC Project Management Board Vo Quoc Tuan saidthe 110kV power works are expected to become operational within this year. Chairman of the provincial People’s Committee Pham Vu Hong hasinstructed Phu Quoc authorities and the SPC to step up communications to helplocal residents understand benefits of the power works and devise suitablecompensation and land clearance plans. Kien Giang aims to mobilise 9.5 billion USD for socio-economicdevelopment by 2020 and 45 billion USD by 2030. The adjusted target was recently approved by the Prime Ministeras part of a master plan to 2020 and towards 2030 for the province. The province targets becoming a well-developed locality and atransportation and tourism service destination in the Mekong Delta, and adevelopment hub of the southern key economic region. It aims for an average Gross Regional Domestic Product (GRDP) of7.5-8 percent per year by 2020.-VNA
The Electricity of Vietnam’s Southern Power Corporation (EVN SPC) put into operation 619 power works at a total investment of over 6.5 trillion VND in 2016.
The Southern Power Corporation of the Electricity of Vietnam put into use 19 new 110kV power lines with combined investment of 2.63 billion VND (115.8 million USD) in the first half of the year.
While the backbone of Vietnam’s electricity remains hydropower, the State-owned Electricity of Vietnam Group (EVN) said power supply will be ensured for the coming dry season.
Director of the Vietnam Institute of Economics Tran Dinh Thien has called for taking new approach to energy strategy, with saving energy in production and consumption as compulsory.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.