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It's still cold in the north of Vietnarn but many were hot under the collar after hearing of Electricity of Vietnam (EVN) planning to cut electricity supplies from March.
In February 2006 the Prime Minister approved the Electricity Market Master Plan under Decision No. Under the master plan, the Government is planning to slowly remove subsidies on electricity. Over the 2006-2025 period the electricity sector needs total investment of approximately US$79.9 billion. In 2011, EVN plans to start the operation of 12 turbines with a designed capacity of 2,198MW. EVN now operates in the areas of production (being in charge of developing most power projects covering generation), transmission, distribution and sales of electricity.
According to the Ministry of Industry and Trade (MolT), Vietnam is launching a pilot competitive market for electricity generation during the first half of 2011. VCGM participants include entities competing in electricity generation, as well as power plants linked to the national grid with capacity equal or higher than 30MW, excluding wind farms and geothermal plants, the Single Buyer - the Electricity Power Trading Company (EPTC), the Systems and Market Operator (SMO) - the National Load Dispatch Center, and service providers. March 2010 saw an increase of 6.8 percent in retail power prices, which has been blamed for higher costs for manufactured goods in the country. On February 23 the Prime Minister signed a decision to increase the average electricity price to VND1,242 per kWh (around 65 US cents, excluding VAT) from March 1, up VND165 per kWh compared with the average price applied in 2010 and an increase of 15.28 percent. The increase will help the industry to mobilize investment for new power plants and meet the country's burgeoning power demands.
Longer-term, the Government expects to continue increasing power prices until they reach rates closer to those of other countries in the region. Between 2010 and 2019 experts are forecasting an increase in Vietnam's electricity generation of 110.1 percent, which is at the top of the range for the Asia Pacific region. Oil will remain a relatively insignificant part of the Vietnamese power generation mix, although its market share may creep higher during the forecast period.
Power consumption is expected to increase from an estimated 64TWh in 2009 to 115TWh in 2014, providing a slight theoretical supply surplus if generation grows at no less than our assumed average annual rate of 10.2 percent (2010-2014)· There is, however, a real risk of electricity shortages if the power industry cannot deliver adequate new capacity as demand soars.
April 13, 2016 by tuoitrenews Leave a Comment Two Japanese escort ships arrived at an international seaport in the south-central Vietnamese province of Khanh Hoa on Tuesday to commence their visit to the Southeast Asian country. The two vessels, JS Ariake and JS Setogiri, carrying 500 crew members of the Japan Maritime Self-Defense Force docked at Cam Ranh International Seaport in the afternoon.
This is the first visit to the port by the Japanese naval unit, according to Morishita Osamu, commander of the two vessels.
The occasion is aimed at sharpening the skills of Japanese naval officers via an extended sea journey as well as an exchange of activities with their Vietnamese counterparts. At the welcome ceremony, Japanese Ambassador to Vietnam Fukada Hiroshi read a letter written by Japan's Minister of Defense Gen Nakatani. Being a free and open maritime area, the East Vietnam Sea plays an essential role in the peace and prosperity of the region, Hiroshi quoted the Japanese minister as saying.
November 29, 2015 by vovnews Chairman of the municipal People’s Committee Le Hoang Quan made the remark while receiving Governor of Hyogo prefecture Ido Toshizo on November 28.
Ho Chi Minh City is keen to develop tourism partnership with Japan and particularly Kansai region. Quan said he hopes more tourists from Kansai region will visit HCM City in the coming time. Governor Ido Toshizo said a number of programmes have been held in Vietnam to promote Kansai to Vietnamese people. A business delegation from Hyogo prefecture has also conducted a trip to study investment environment in several Vietnamese localities, he noted. Chairman of the Ho Chi Minh City People’s Committee Le Hoang Quan expressed his wish to foster ties with the Republic of Korea (RoK) during a reception to former RoK President Lee Myung-bak in the city on October 21. In January-September, trade between Ho Chi Minh City and the RoK hit almost 2.1 billion USD.
The former President hailed HCM City’s growth over the past years and pledged to continue working to strengthen ties between the two nations.
He added that several Korean companies are interested in importing farm produce from Vietnam.
NAY PYI TAW (VNS) - Prime Minister Nguyen Tan Dung suggested countries participating in the ninth East Asia Summit (EAS) in Nay Pyi Taw, Myanmar, yesterday set up a long-term vision to build a regional architecture of peace, stability and development. He said this was needed to uphold EAS's role in promoting economic growth and regional connectivity and integration. October 28, 2014 by vccinews Foreign Direct Investment (FDI) has played an important role in the development of Vietnam in many ways, such as promoting economic growth, improving the efficiency of domestic resources investment, technology transfer, international balance of payments, promoting export, and enhancing competitiveness at all three levels (nation, enterprises and products). April 27, 2014 by thanhniennews Japan and the United States have found "common ground" to forge a two-way trade deal, but may not be able to resolve remaining sticking points in time for a mid-May meeting of top negotiators seeking a broad regional deal, a senior Japanese official said. The upbeat tone, however, was a contrast to the emphasis on "gaps" after previous rounds of talks on a bilateral deal that has been stalemated by differences over access to Japan's agriculture market and both countries' car markets. March 28, 2014 by thanhniennews Japan will speed up deployment of government cash in coming months as a surprise drop in consumer spending in February triggered concern the nation's long-awaited inflation is now damaging purchasing power. Finance Minister Taro Aso told reporters that data showing a slump in household expenditure two months before the first sales-tax increase since 1997 was a problem, and Prime Minister Shinzo Abe's administration will pour 40 percent of outlays for the next fiscal year into the April-June quarter. Data today also showed inflationary pressures are spreading even before the 3 percentage-point sales-tax increase take effect on April 1, as the price of durable goods soared the most since the early 1980s. March 20, 2014 by thanhniennews Marubeni Corp has agreed to pay $88 million and plead guilty to charges by U.S. Marubeni and its employees bribed officials in Indonesia, including high-ranking members of Parliament and state-controlled electricity company Perusahaan Listrik Negara, to win a $118 million contract to provide power services for citizens of Indonesia, the U.S.
The contract, known as the Tarahan project, was part of a joint venture with its partner, French power equipment maker Alstom SA. December 13, 2013 by vovnews (VOV) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will be the only Vietnamese institution serving the Japanese business customers of 40 specified Japanese Regional Bank (JRB) branches. A memorandum of understanding to this effect was signed between Vietcombank and the Japan Bank for International Cooperation (JBIC) in Hanoi on December 13.
Vietcombank's recently established Japan Desk specialises in providing banking products, services, and consultancy tailored exclusively to Japanese business needs.


General Secretary Nguyen Phu Trong affirmed the importance of effective implementation of 12th Party Congress resolution at the opening ceremony of a meeting on the realization of the 12th Party Congress resolution on April 19. He asserted the realization of the 12th Party Congress resolution, regarding it a key to make changes in awareness and accelerate activities within the Party and people, especially among high-ranking leaders at ministries and agencies. Among the six key tasks identified at the 12th Party Congress, it is necessary to review each task and direct the implementation of these tasks effectively in the 2016-2021 period, he added. April 20, 2016 by vietnamnet Leave a Comment President Tran Dai Quang asked for Japan’s continued assistance in responding to climate change, especially drought and saline intrusion in the central, Central Highlands and southern regions, while receiving Japanese Ambassador to Vietnam Fukada Hiroshi in Hanoi on April 19. At the meeting, the President extended his condolences over the great losses in human and assets suffered by the Japanese people in recent consecutive earthquakes in Kumamoto prefecture. The State leader thanked Japan for its support for Vietnam’s national construction and development, including the provision of official development assistance (ODA). April 13, 2016 by qdnd Leave a Comment PANO – The current visit of two Japanese self-defense training ships to Vietnam has demonstrated the growth in defense relations and cooperation between Vietnam and Japan.
Two training warships of the Japanese maritime self-defense force anchored at Cam Ranh international port in Khanh Hoa province on April 12 to start a four-day visit (April 11-15) to Vietnam. Representatives of the Vietnamese National Defense Ministry, Navy, local military forces, and civilian authorities hosted a warm reception for the two Japanese vessels and the 500 officers and sailors onboard.
At the reception, Japanese Ambassador to Vietnam Fukada Hiroshi read a letter from Japanese Defense Minister Nakatani Gen.
April 12, 2016 by vietnamnet Leave a Comment Two training ships of the Japanese maritime self-defence force with 500 crew members aboard anchored at Cam Ranh International Port in the central coastal province of Khanh Hoa on April 12 to start a four-day visit to Vietnam.
The port, which has been recently put into operation in Cam Ranh Bay, holds a significant and favourable position, the letter said, adding that it is expected to bring in huge benefits when developed into a stable logistical services supplier for military and civil ships from countries participating in international cooperation activities.
February 6, 2016 by tuoitrenews Japanese Ambassador to Vietnam Fukada Hiroshi, who is instrumental to elevating ties between Vietnam and Japan, has held the photos he had snapped of Hanoians dear to his heart for more than 20 years. In 1994, a Japanese man roamed the Old Quarter, a major tourist draw in Hanoi, with a camera in hand, taking over a hundred photos of Hanoians living everyday life.
Before starting his tenure in Vietnam, Fukada Hiroshi served as the ambassador to the West African country of Senegal.
A diplomatic note on the Japanese aid was signed in Hanoi last week by Vietnam’s Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Fukada Hiroshi. This is the first tranche of the 300 billion yen loan which Japan has pledged for Vietnam in fiscal 2015. At the signing ceremony, Minister Vinh expressed appreciation of Japan’s support for Vietnam, saying Japanese ODA capital has been mainly channeled into vital infrastructure projects such as Hanoi-Haiphong road, Nhat Tan bridge and Noi Bai airport.
According to the Japanese ambassador, the remainder of Japan’s loan will be funneled into three other key traffic transport projects.
November 4, 2015 by dangcongsan Japan’s AEON Group officially opened Aeon Mall Long Bien, the first shoppimall of its trademark in Hanoi, on November 3rd.
The event was attended by Deputy Minister of Construction Le Quang Hung, Deputy Minister of Industry and Trade Ho Thi Kim Thoa and Japanese Ambassador to Vietnam Fukada Hiroshi. Aeon Mall Long Bien is located in Long Bien district, about 5 kilometers from the centre of Vietnam’s capital.
November 4, 2015 by vovnews (VOV) - AEON Mall Long Bien welcomed 170,000 visitors last weekend, Shigeru Furuki, general director of AEON Mall Long Bien told the press.
Mr Furuki said at the press conference held after the Mall’s inauguration ceremony on November 3. The ceremony was attended by Japanese ambassador to Vietnam, Fukada Hiroshi, Deputy Minister of Industry and Trade, Ho Thi Kim Thoa and leaders of relevant ministries. After its official opening on October 28, AEON Mall has welcomed around 80,000 visitors a day and up to 170,000 visitors on Sunday November 1. October 30, 2015 by hanoitimes The Hanoitimes - A reading room inside the National Assembly (NA)’s library was inaugurated in Hanoi, on October 29. NA Office Chairman Nguyen Hanh Phuc said with support from the Japan International Cooperation Agency (JICA) and Japan’s National Assembly Library, his agency has built the reading room friendly to legislators and readers with interest. The facility is equipped with advanced devices and divided into separated areas for online search, research, as well as for reading newspapers and magazines, among others.
Japanese Ambassador to Vietnam Fukada Hiroshi stated it would enable legislators’ easier access to knowledge and information needed during their policy-making fulfillments.
He expected the reading room to be efficiently operated, facilitating activities of the NA. October 1, 2015 by dangcongsan To Huy Rua, a Politburo member, Secretary of the Party Central Committee (PCC), Head of the PCC Commission for Organization, and President of the Vietnam - Japan Friendship Parliamentarians' Group on September 30th received the Japanese Ambassador to Vietnam Fukada Hiroshi.
He praised the effective contribution of the Japanese ambassador to Vietnam, suggesting that the ambassador continue to work closely with Vietnamese agencies to carry out agreements reached by the two countries’ leaders.
Ambassador Fukada Hiroshi confirmed his continued coordination with relevant agencies to realise the results made by the Party General Secretary Nguyen Phu Trong’s visit to Japan. September 16, 2015 by qdnd PANO – The Asian countries of Vietnam and Japan have been connected socially and economically for around 400 years now and have a lot of similarities, especially in terms of culture and race. As with other countries, the two countries have seen upheavals in their bilateral relationship. The official visit of General Secretary Nguyen Phu Trong to Japan this time is part of the plan to define Vietnam’s relationship with major powers and outline the development plan for the country, making Vietnam a wealthy, independent, self-reliant country, actively contributing to peace, stability, and prosperity in the region and the world.
Comin Asia delivers high added value and innovative engineering solutions in all industry sectors. Procedure of license of foreign Representative Office in EPZ & IZ of HCMCHEPZA has issued Decision No.
Toshiba establishes new VN manufacturing baseToshiba Corporation announced yesterday that it would meet the growing demand for high-efficiency motors in the global market by establishing a new manufacturing and sales base in Viet Nam. Binh Duong brings in the moneyEnterprises in Binh Duong Provincea€™s industrial parks so far this year earned over US$5 billion, an increase of 36 per cent over the same period last year, according to a report by the provincea€™s Peoplea€™s Committee. IZ project launched in central provinceThe central province of Nghe An and PetroVietnam Construction Corp (PVC) organised a ground breaking ceremony for the Hoang Mai Industrial Zone on Wednesday. Detailed plan of Lam Giang Industrial Park announcedThe detailed plan of Lam Giang Industrial Park in Hanoi was announced on August 7. Ha Noi plans for new industrial zoneThe Ha Noi Department of Architecture Planning yesterday announced a project on building an industrial zone for small and medium-sized operations in the suburban district of Gia Lam.


Electricity, coal and oil have separate planning but there is no master plan for the industry as a whole.
To 2014, independent power producers are not allowed by EVN to sell directly to the market, to 2022 EVN will be transformed into independent distributing companies, and after 2022 customers nationwide will have the right to select an electricity supplier. Some US$52 billion of this will be invested in power generation and the remainder in the electricity transmission and distribution networks. The proportion of hydropower is gradually declining and the proportion of thermal power (coal, gas, oil) is increasing. The power sector requires huge amounts of investment, especially for generation, and with this structure is well beyond EVN's financial resources. The pilot market will provide a low-risk means of testing the market structure and its rules and procedures, as well as identify and provide remedies for any deficiencies, the Deputy Minister of Industry and Trade said.
According to the Government, electricity prices would be adjusted annually under Decision 21, but it will consider a suitable time for increases to ensure minimal impact on people's production in particular and socioeconomic issues in general. Gas and coal prices will be increased in line with the market but a roadmap of increases is not yet available. MoF has suggested that it may take 30 years before Vietnam's electricity prices rose to world levels. Vietnam will need US$100 billion for building power plants with a combined capacity of 68,000 MW in the next 20 years, according to the national power development plan for the 2010-2020 period and vision to 2030. There are some renewable energy projects in progress, such as a wind power project in south-central NinhThuan and BinhThuan provinces, invested by the Czech Republic's KV Venti Group. He invited Japanese businesses to attend the city’s annual international tourism fair in September to boost bilateral cooperation in the field. Close to 1,800 Korean firms are operating in Vietnam with a total capital of 4 billion USD.
And still, Vietnam has great potential to attract more FDI capital flows in the years to come thanks to its deeper international economic integration, plus the clear trend of shifting investment from China to other Asian countries with cheaper investment and labour cost. President Barack Obama's state visit to Tokyo last week yielded progress - hailed by the two sides as a "key milestone" - but the two sides stopped short of announcing a deal vital to the Trans-Pacific Partnership (TPP), a 12-nation bloc that would extend from Asia to Latin America. With officials striving to prevent a repeat of the recession that followed the rise in the levy 17 years ago, the central bank also may face calls for action. The Japanese Defense Minister sent his greetings to the Vietnamese Ministry of National Defense, the Navy, and the local government. It will be used to fund Danang-Quang Ngai Expressway, Lach Huyen port in Haiphong City, roads in Lach Huyen and a climate change adaptation program. Covering 96,000 square meters with a total floor area of 120,000 square meters, it is the third Aeon shopping mall in Vietnam. The four-floor mall is designed for 180 retail outlets in categories such as trade center, hotel, restaurant, cinema, leisure center as well as office space for lease or rent and an area exclusively for sports. Customers are most interested in pharmaceutical products and healthcare equipment, said Mr Furuki. Rua said that the Vietnamese Party General Secretary Nguyen Phu Trong’s visit to Japan from September 15th-18th this year had contributed to promote the comprehensive, practical, sustainable and profound relationship between the two sides.
However, in the spirit of "let bygones be bygones", the Vietnam-Japan bilateral relationship has experienced substantial, rapid, and fine development ever since the establishment of diplomatic relations in 1973. At the local level, projects sometimes conflict with each other, with small hydropower planning being decentralized in order to attract investment and tax revenue to localities.
The main benefits of this roadmap are an easing of pressure on electricity price rises, to ensure a supply of electricity that is reliable and increases in quality over time, and to ensure the robust development of the electricity sector. The Government has plans to increase the country's total installed generating capacity to 81GW by 2020. The current vertically integrated structure also cannot give generation investors confidence in a fair and efficient trading environment or fair and non-discriminatory access to grids. It will also allow participants to learn, practice and develop their skills for a competitive market.
Determining coal and gas prices is the responsibility of the Ministry of Finance (MoF) and both are input materials in electricity production. Vietnam will have 88 coal-fired power plants with capacity of between 100 MW and 1,200 MW each and total investment of US$83 billion from 2010 through 2025. In recent years Vietnam has began to promote the construction of new coal-fired power plants to diversify energy sources and utilize domestic supplies. The Government has set a target for renewable energy to account for 5 percent of total electricity production in the country by 2025. Moreover, delays in the process of commissioning power projects (power plants, transmission networks and stations) are also an issue. The Electricity Regulatory Authority of Vietnam (ERAV) says the final market will begin only when all generation can be paid in accordance with the Vietnam Competitive Generation Market (VCGM) Rules and any deficiencies in those rules and procedures have been identified and remedied. But based on the February 11 forex rate, the current electricity price is just 4 US cents per kWh. If input costs rise, the power industry will be in a difficult situation without further price hikes. It will also have 75 hydropower plants with capacity of between 30 MW and 1,200 MW each and a combined investment of US$10 billion by that time.
In addition, Vietnam has taken the first step towards ratifying a decision to build two nuclear power plants in the country. According to statistics, in recent years only unit NO.1 of the Son La hydro power plant (400MW) has entered the national power system, on December 17, 2010, two years ahead of schedule.
In order to provide 70 percent of lines and transformer stations, as well as satisfy 55 percent of electric motors and generators at local power plants by 2015, Vietnam is estimated to need US$710 million for electrical equipment production in the next five years. Vietnam and Japan have signed an agreement whereby Japan will aid Vietnam in its quest for nuclear power. In 2010 it recorded VNDS trillion (US$415 million) in losses, excluding the burden of debts due to financial obligations and higher interest rates, totaling VND24 trillion (US$1.245 billion).



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