Electrical substation fire disrupts Samsung operations until August 10

The project, which costs more than VND4,200 billion, will be implemented by the Electricity of Vietnam’s Northern Power Corporation (EVN NPC) in the next five years (2013-2017). This is the largest power grid project funded by the WB so far. It includes the construction and operation of electricity distribution networks, introduction of smart grid technologies and improvement of capacity building for Electricity Regulatory Authority of Vietnam (ERAV) and five power corporations. After the project is completed, the power grid in the northern region will provide safe, stable and reliable electricity services through medium and low voltage electricity distribution networks in rural areas in the process of national modernization and industrialization. Thanh Hoa is the first among 19 provinces and cities to see the project get off the ground. In Thanh Hoa province, EVN NPC will help improve the Ba Che – Nui 1 110kv transmission line in Dong Son and Thieu Hoa districts with total investment capital of nearly VND62 billion. Of the sum, nearly VND49 billion are sourced from the WB.... [read more]

Vietnam Electricity Group (EVN) is the co-ordinator of the projects, and the investors are the Northern Power Corporation (EVNNPC), the Central Power Corporation (EVNCPC) and the Southern Power Corporation (EVNSPC). Two projects will provide electricity to the Bach Long Vi offshore district in northern Haiphong city from mixed sources such as wind, solar and diesel energies and other offshore districts in the southern province of Kien Giang. The projects would mainly focus on developing low and medium voltage electricity to ensure that all households in rural areas will be electrified by 2020. The projects are expected to supply electricity to more than 255,000 households.... [read more]

Cao Bang's last remote commune accesses power Son Lap commune in Bao Lac district has become the last commune in the northern mountainous province of Cao Bang to access electricity from the national power grid. Total investment for the project to supply power to the remote commune is VND23.83 billion (US$1.05 million). The project includes 6.738km of 35kV middle-voltage transmission line, three transformer stations with a total capacity of 300kVA, and 9,379km of low-voltage line. Located about 140km from Cao Bang city, Son Lap commune covers over 4,000 hectares with many high rocky mountains. Its residents are mostly from ethnic minority groups, including Mong, Dao, Tay and Nung. The majority of local households are poor, with backward customs and low literacy. The project, invested by the Electricity of Vietnam's Northern Power Corporation (EVN NPC), is expected to improve socio-economic situation in the localities, while enhancing political-social awareness of locals. Hanoi plans second rapid bus route in push for public transport The much-touted BRT system had a rough start at a middling speed, but passenger numbers are picking up. Soon after Hanoi launched its first rapid bus service to mixed results, officials have announced that a new route will be added, reaffirming the city's push for public transport to curb congestion. Nguyen The Hung, vice chairman of the People's Committee, said the largest bus operator Transerco will develop the second route to connect Kim Ma, a downtown neighborhood, with the suburban area of Hoa Lac. He did not give more details,…... [read more]

Cao Bang (VNA) – Son Lap commune in Bao Lac district has become the last commune in the northern mountainous province of Cao Bang to access electricity from the national power grid. Total investment for the project to supply power to the remote commune is 23.83 billion VND (1.05 million USD). The project includes 6.738km of 35kV middle-voltage transmission line, three transformer stations with a total capacity of 300kVA, and 9,379km of low-voltage line. Located about 140km from Cao Bang city, Son Lap commune covers over 4,000 hectares with many high rocky mountains. Its residents are mostly from ethnic minority groups, including Mong, Dao, Tay and Nung. The majority of local households are poor, with backward customs and low literacy. The project, invested by the Electricity of Vietnam’s Northern Power Corporation (EVN NPC), is expected to improve socio-economic situation in the localities, while enhancing political-social awareness of locals.-VNA... [read more]

Vietnamese Businesses Seek to Invest Overseas in Next Five Years Businesses are optimistic about revenue, profit and general business development in the first three months of 2017, with expected outcomes better than or similar to the same period 2016. When asked about their business plans in the next two years, 76 per cent of respondents said they will scale up business, 19 per cent have plans to expand operations and only 5 per cent will keep their current scales. These positive signals are found in the latest survey in 500 biggest companies ranked in the VNR 500 rankings from 2007 to the present. VNR500 Rankings - The list of Top 500 businesses in Vietnam in 2016 - was made by Vietnam Report Joint Stock Company in close cooperation with VietNamNet Newspaper. This is the 10th edition of VNR 500 in honour of high performing businesses in fiscal year of 2015. A majority of respondents reported on better business performances in the first 10 months of 2016 than the same period in 2015. 16 per cent of respondents admitted revenue decline, while 15 per cent anticipated profit slump. Businesses had to face a lot of hurdles in 2016, ranging from economic growth challenges, global business and political fluctuations. Up to 47 per cent of respondents said their workforces are stable in the reviewed period. In the first quarter of 2017, 60 per cent of companies plan to keep employees unchanged. As the upcoming economic trend is extensive integration and expansive cooperation.…... [read more]

Hanoi (VNA) – The Electricity of Vietnam (EVN)’s Northern Power Corporation’s customer satisfaction index reached 7.52 points in 2016, up 0.42 point from last year. The index is the average point of seven factors - awareness of electricity price, electricity bill, information provision for customers, electricity supply, customer services, business image and social consensus – as a result of the survey on 27 member companies of the EVNNPC. Nguyen Tan Loc, EVN Deputy General Director, said points given to 26 out of 27 companies in the survey this year are over 7, reflecting great efforts by EVNNPC and its member companies. EVNNPC Deputy General Director Ho Manh Tuan, from now to 2020, the company will continue ensuring stable electricity supply to achieve a higher customer satisfaction index. He also asked EVNNPC’s member companies to study carefully detailed assessment reports on each factor measuring customer satisfaction in each locality to draw up solutions to improve the index.-VNA... [read more]

Additional over 9,100 families across 120 villages of the northern mountainous province of Son La have gained access to the national grid, according to the Northern Power Corporation (NPC) during a ceremony to inaugurate the project to extend the national power grid to families. Between 2015 and 2016, the NPC completed 2 power supply projects for those who did not have access to the national grid in 9 communes. Under the project, over 85 kilometres of 35kV line, 35 transformer stations and over 9,100 metres were built and installed for residents in Mai Son, Thuan Chau and Song Ma districts. Cam Ngoc Minh, Chairman of the Son La provincial People’s Committee, said that the project being put into operation would create an impetus for poverty reduction in connection with the program on building new style rural areas in remote areas, contributing to increasing the residents’ material and spiritual lives, creating favourable conditions for changing production structure for residents in rural and mountainous areas, and narrowing the gap of development sustainably. The projects helped to increase the number of families having access to the national grid to 86.7% in 2016, looking towards a number of 97.5% by 2020. In the next 2 years, the NPC will continue to bring power to more families in 114 villages in Thuan Chau, Muong La, Bac Yen and Phu Yen districts. Accordingly, nearly 410 kilometres of electricity line 105 transformer stations will be built, using some VND378 billion. When completed, an additional 4,700 families will…... [read more]

Son La (VNA) – More than 9,100 families in three districts of the northern mountainous province of Son La have been connected to the national grid, just one month before Lunar New Year 2017. This is the result of a two-year project to bring electricity to 120 mountainous villages across nine communes in Mai Son, Thuan Son and Song Ma districts in Son La. Addressing the celebration of the project’s conclusion on December 17, Chairman of Son La People’s Committee Cam Ngoc Minh said that the project will facilitate poverty alleviation efforts and the building of new rural areas in disadvantaged localities, thus improving local people’s lives. The project also brings the proportion of residents in Son La having access to electricity to 86.7 percent. The figure is expected to reach 97.5 percent in 2020. On the occasion, the Electricity of Vietnam (EVN) Northern Power Corporation launched another project to bring electricity to 114 villages in four districts of Thuan Chau, Muong La, Bac Yen and Phu Yen in Son La. The project will be carried out from 2016 to 2018 at an estimated cost of 378 billion VND (16.6 million USD). Upon its completion, additional 4,700 families will be connected to the national grid.-VNA... [read more]

State-run Viet Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue. Truong Hai Auto Corporation is named the country's largest private enterprise. The Top 500 Largest Enterprises list from the Revenue Ranking Board follows the Fortune 500 model. It was released on Wednesday by the Viet Nam Report Company (VNR) and online news site VietnamNet. The 10th year of the VNR500 list has honoured firms with outstanding achievements in 2016. On the list, PetroVietnam is followed by Samsung Việt Nam, Viettel Group and the Electricity of Viet Nam (EVN). On the 500 largest private firms list, Truong Hai Auto Corporation is followed by Viet Nam Dairy Products Company (Vinamilk), Doji Gold, FPT Corporation and Vingroup Joint Stock Company. VNR's survey shows that the top 500 firms were optimistic about production and business in the first 10 months of the year. However, 16 per cent of the surveyed firms reported decreasing turnover, while 15 per cent expected reduced after-tax profit in the 10-month period compared to the same period last year. Local companies have been facing many hurdles because of fluctuations and changes in the world economy and politics. The report said the number of labourers employed by businesses was stable. In the first quarter of 2017, 60 per cent of the businesses are expected to maintain their labourers. It is also forecast that in the next quarter, business will remain stable or improve, in terms of…... [read more]

State-run Viet Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue. Truong Hai Auto Corporation is named the country's largest private enterprise. The Top 500 Largest Enterprises list from the Revenue Ranking Board follows the Fortune 500 model. It was released on Wednesday by the Viet Nam Report Company (VNR) and online news site VietnamNet. The 10th year of the VNR500 list has honoured firms with outstanding achievements in 2016. On the list, PetroVietnam is followed by Samsung Việt Nam, Viettel Group and the Electricity of Viet Nam (EVN). On the 500 largest private firms list, Truong Hai Auto Corporation is followed by Viet Nam Dairy Products Company (Vinamilk), Doji Gold, FPT Corporation and Vingroup Joint Stock Company. VNR's survey shows that the top 500 firms were optimistic about production and business in the first 10 months of the year. However, 16 per cent of the surveyed firms reported decreasing turnover, while 15 per cent expected reduced after-tax profit in the 10-month period compared to the same period last year. Local companies have been facing many hurdles because of fluctuations and changes in the world economy and politics. The report said the number of labourers employed by businesses was stable. In the first quarter of 2017, 60 per cent of the businesses are expected to maintain their labourers. It is also forecast that in the next quarter, business will remain stable or improve, in terms of…... [read more]




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