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Vietnam-U.S. relationship now at its best: U.S. Ambassador

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U.S. Ambassador to Vietnam Daniel J. Kritenbrink during a visit to a Vietnamese high school – PHOTO: COURTESY OF U.S. EMBASSY IN VIETNAM

HCMC – Stating that the relationship between Vietnam and the United States is now at its best and fruitful achievements have been observed in all sectors, U.S. Ambassador to Vietnam Daniel J. Kritenbrink vowed to continue this flourishing relationship and cooperation based on mutual respect and sharing for a more prosperous, open and peaceful world during a press conference held to mark the 25th anniversary of the normalization of the U.S.-Vietnam bilateral relationship on July 2.

When asked about the potential of raising the two countries’ current “comprehensive partnership” to a “strategic partnership”, the U.S. Ambassador said he had no detailed information, but the relationship between the two countries was not dependent on its “name”.

“Looking back over the past 25 years, the relationship between Vietnam and the United States has been a miracle and an example of incredibility,” he stated.

He thanked the Vietnamese Government and the people for their support to the United States in fighting the Covid-19 pandemic. “Your support has helped save American lives,” Ambassador Kritenbrink said. 

Moreover, Kritenbrink said the United States protested China’s interference in the exploitation of the oil and gas of other countries, including Vietnam, in the East Sea, which has negatively affected the peace and stability of the region. “We oppose China preventing the ASEAN countries from accessing and exploiting natural resources worth US$2.5 trillion in the sea,” he said.

According to the U.S. Ambassador, all countries, whether big or small, have to comply with international law. “We believe in peaceful measures to solve disputes in the East Sea and in the freedom of navigation and aviation,” he said.

According to Vietnamese Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang, after 25 years of the normalization of the bilateral relationship and six years of the establishment of a comprehensive partnership, the U.S.-Vietnam relationship has made positive progress in all fields.

The relationship between the two countries develops as a result of respecting each other’s independence, sovereignty and political institution.

The two countries held frequent meetings, dialogues and exchanges to promote cooperation in healing the wounds of war, economic development, national defense and security, science and technology, education and training and regional and global issues.

“In the future, the two countries will continue to cooperate and strengthen the U.S.-Vietnam relationship, contributing to regional and global peace, stability, cooperation and development,” she said.

Source: https://english.thesaigontimes.vn/77450/vietnam-us-relationship-now-at-its-best-us-ambassador.html

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Land brokers rush to Binh Phuoc although airport project still being mooted

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A piece of paper with an advertisement to sell land near the projected airport site in Binh Phuoc Province. Land brokers have rushed to Binh Phuoc’s Hon Quan District and inflated the land prices although the airport project remains on paper – PHOTO: TNO

HCMC – Although an airport project has only been proposed in Hon Quan District of Binh Phuoc Province and is still being considered by the competent agencies, a large number of land brokers have rushed to the district and inflated the prices of land lots in surrounding areas.

Over the last week, land brokers from HCMC, Hanoi and the neighboring localities of Binh Phuoc flocked to Hon Quan. Besides posting advertisements on social networks, they also took land buyers to visit the site proposed for the development of the airport, the local media reported.

They have advertised land lots measuring some 1,000 square meters each and put up them for sale at VND700-900 million each. They have also said that only a small number of people could buy the land.

According to the Hon Quan District government, the land price inflation and large gatherings of people are abnormal, posing a high risk of social disorder and Covid-19 infection.

The land price inflation may encourage local residents, especially the ethnic minority people, to sell agricultural land. Therefore, the competent agencies have been educating residents so that they are not tricked by land brokers who spread false information.

Due to the complicated situation, on February 26, the government of Hon Quan District asked the police and military forces to support communes in the district to handle large gatherings and those without face masks to prevent the Covid-19 infection, especially in the surrounding areas of the proposed airport site.

The authorities of communes and towns, especially Tan Loi and An Khuong communes, were asked to enhance the construction and land use management to promptly prevent illegal projects, the improper use of land and land violations and impose sanctions on violators.

The Binh Phuoc government had earlier proposed the Government and the Ministries of National Defense and Transport allow the province to manage the existing 100-hectare airport in the province to develop it into an airport that can be used for both civil and military purposes with an area of 400-500 hectares. The land for the airport expansion is public land and the expansion project was proposed to be executed under the public-private-partnership format.

Source: https://english.thesaigontimes.vn/80701/land-brokers-rush-to-binh-phuoc-although-airport-project-still-being-mooted.html

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UK investors eye renewable energy in Vietnam

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Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, 

expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.

UK investors eye renewable energy in Vietnam hinh anh 1

A wind farm in Binh Thuan province (Photo: VNA)

British Ambassador to Vietnam Gareth Ward said at the UK – Vietnam Renewable Energy Dialogue on Wednesday that clean energy was becoming a global trend, adding that every 1 investment USD in clean energy would help generate from 3-8 USD.

The Vietnamese Government in 2015 approved the renewable energy development strategy to 2030 with a vision to 2050 which aimed to increase the percentage of renewable power from 35 percent in 2015 to 38 percent in 2020 and 43 percent in 2050.

The Government also introduced incentive policies to encourage the development of wind power, biomass energy, energy from waste and solar power.

Hoang Tien Dung, Director of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, said developing renewable energy was important in the context that sources for hydropower were being exhausted, thermopower was limited due to commitments to global climate change and gas-fired power had high production costs.

According to the draft national power development planning for 2021-30 period with a vision to 2045, Vietnam had large potential for renewable energy development which was estimated to amount up to 855GW, mostly solar power (434GW), and wind power (375GW). The potential for off-shore wind power was estimated at 158GW.

Off-shore power was attracting increasing interest from foreign organisations and investors, Nguyen Ninh Hai, Head of the Renewable Energy Department under the Electricity and Renewable Energy Authority, said.

Hai said that as off-shore wind power was a new thing to Vietnam, the Ministry of Industry and Trade was cooperating with some research organisations to have a comprehensive evaluation about the off-shore wind power development potential in the country.

Bui Vinh Thang, Director of Mainstream Renewable Power Vietnam, said that the Government’s planning and policies played a very important role for renewable energy investors, especially in wind power and off-shore wind power.

Benjamin Dubas, a representative from Lightsource BP, said that renewable energy investors expected the transparency and stability of policies in the long term to invest in Vietnam, especially feed-in tariffs (FIT).

According to Dung, FIT pricing was applied to accelerate investment in renewable energy in the first stage in Vietnam but this mechanism would not be maintained for a long period and be replaced by competitive bidding when the technology development helped push down prices of solar and wind power.

He added that the national power development planning which was being completed would give priority to renewable energy on the basis of ensuring balance of power sources and the power transmission between regions.

The ministry expected to continue receiving support from the UK in renewable energy, especially off-shore wind power which the UK had experience in and Vietnam had large potential.

By the end of 2020, the total renewable energy output accounted for around 25 percent of the total output worth 69,000MW of the Vietnam’s power system. There were 148 solar power projects with a total capacity of more than 8,800MW, 100,000 rooftop solar power projects with a total capacity of 9,300MW, and 11 wind power projects with a total capacity of 511MW./.VNS

Source: https://vietnamnet.vn/en/business/uk-investors-eye-renewable-energy-in-vietnam-715833.html

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Mitsubishi pulls out of central Vietnam coal plant

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Mitsubishi pulls out of central Vietnam coal plant

The logo of Mitsubishi Corporation is displayed at the entrance of the company headquarters building in Tokyo, Japan, April 26, 2016. Photo by Reuters/Issei Kato.


Japan’s Mitsubishi Corp has decided to pull out of a coal-fired power plant in central Vietnam amid growing international concern about environmental impacts.

The Japanese trading house will pull out of the 2-gigawatt Vinh Tan 3 project, planned to be located in the southern province of Binh Thuan, because of climate change targets, Reuters reported, citing two anonymous sources.

Without mentioning Vinh Tan 3 specifically, Mitsubishi said in a statement that it was committed to reducing its investment in coal power in line with international climate goals.

The 2-gigawatt plant was originally scheduled to come online in 2024.

OneEnergy, a joint venture of Mitsubishi and Hong Kong’s CLP group, holds a 49 percent interest in the $2 billion project. State-owned utility Vietnam Electricity owns another 29 percent. Chinese companies are handling materials procurement, construction and equipment delivery.

This marks Mitsubishi’s first withdrawal from a coal plant project. The trading house has said it will not build any new facilities of this type after Vung Ang 2, a Nikkei report said.

Mitsubishi still has a stake in the Vung Ang 2 coal power plant being built in the central province of Ha Tinh, which is more widely known after being subject to critical scrutiny by environmental and other groups as well as investors.

Source: https://e.vnexpress.net/news/business/companies/mitsubishi-pulls-out-of-central-vietnam-coal-plant-4240625.html

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