Connect with us

Business

VN billionaires make money by recovering heat, collecting emissions from production plants

Published

on

There are many ways to make money in the 4.0 industrial era with the support of high technologies.

VN billionaires make money by recovering heat, collecting emissions from production plants

The 4.0 industrial revolution means the digitization of traditional manufacturing and production methods

At the Hoa Phat Hai Duong Steel Complex, the technological solution of recalling heat from the coking process and blast furnaces producing gas can help save VND800 billion a year.

The complex plans to set up more items in 2021 to make the best use of the heat and gas produced during the steel refining process, raising the total electricity generation capacity to 110 MW, which allows 100 percent electricity support for production.

The yearly savings on fuel thanks to the heat and emission recovery solution at Hoa Phat’s steel complexes are estimated at VND4 trillion from 2021.

Setting up a xproduction headquarters in Dung Quat Export Processing Zone in Quang Ngai province, Hoa Phat Group has turned a project abandoned by foreign investor for decades into a leading steel manufacturing complex in Vietnam.

At the Dung Quat Steel Complex, two buildings are used for the automatic steel analysis center and the physico-mechanical property testing center, valued at over VND100 billion.

This is the most modern sampling system in the world today with the entire process of taking, processing, analyzing samples and giving results implemented automatically. It takes no more than 2 minutes and 30 seconds to get test results for steel samples.

If a country has not developed OT, it cannot create a lot of opportunities and large environments to put IT into application. Thus, both OT and IT need to be developed in the context of the 4.0 revolution, especially in developing countries where OT is still not diverse as it is in developed countries.

The Da Nhim – Ham Thuan – Da Mi Hydropower JSC (DHD) is running four hydropower plants (Da Nhim, Song Pha, Ham Thuan and Da Mi), located in the provinces of Ninh Thuan and Binh Thuan. The head office of the company is located in Lam Dong province.

In 2012, the company decided to build an OCC (operations control center) which runs power plants from a distance. With OCC, it needs just 2-3 workers for each duty shift instead of tens of workers as previously applied.

OCC is a system that connects information systems, serving as a digital thread that connects separate data. It is used as an integration center with many functions to manage all the plants belonging to DHD.

A representative of EVNGenco1 said DHD is considering applying AI and Data Mining algorithms with the forecasting and warning capability based on the big data that OCC has.

At Ban Ve Hydropower Plant, the application of 4.0 technologies is believed to be the shortest way to make a breakthrough and improve production capacity.

The plant is implementing a lot of projects using high technologies, including an online electricity generation unit monitoring system; an alerting system which gives data about accidents with messages; and a bar code-based material and equipment management system. It is also utilizing AI and Big Data to build a system to forecast the water flow to hydropower reservoirs.

Use high tech or lag behind

According to the Ministry of Investment and Trade (MOIT), the 4.0 industrial revolution means the digitization of traditional manufacturing and production methods.

In the past, only some stages of the production process were automated with IT application. But now, automation is carried out in a much larger scale than what was seen in 1970s, the early days of the third industrial revolution.

The 2019 Vietnam Industry White Book summarizes the global trends on digital transformation. Total digital transformation takes place when everything is connected with the Internet thanks to the combination of operational technology (OT) with information technology (IT), creating a virtual space that is a copy of the real world, and a completely new model of production and consumption.

If a country has not developed OT, it cannot create a lot of opportunities and large environments to put IT into application. Thus, both OT and IT need to be developed in the context of the 4.0 revolution, especially in developing countries where OT is still not diverse as it is in developed countries.

Vietnamese enterprises for many decades have been described as using outdated technologies. The remarks have been repeated through years in government agency reports.

However, enterprises in recent years have been more aware of the importance of high technology use in production. If they continue to apply old technologies, the plan of entering the world market will be just a dream. Only when using high technology will Vietnam’s products have the opportunity to “compete equally” in quality with foreign products. 

Ha Duy

Source: https://vietnamnet.vn/en/feature/vietnamese-billionaires-make-money-by-recovering-heat-collecting-emissions-from-production-plants-713754.html

Business

High logistic costs hinder Delta agriculture exports

Published

on

 

High cost of air transport and the inability to preserve fresh produce for a long time are among the logistic challenges that the Mekong Delta is facing. – Photo baoangiang.com.vn

MEKONG DELTA – Agriculture exports from the Mekong Delta are facing logistical challenges, affecting their competitiveness overseas.

Đồng Văn Thanh, chairman of Hậu Giang Province People’s Committee, said the Mekong Delta exports millions of tonnes of agriculture products every year but the region is facing many logistical choke-points.

The region is lacking key logistics hubs and storage areas for empty containers and products at ports. Goods have to be transported through many areas before reaching HCM City for export, which increases the cost.

Ngô Tường Vy, deputy director of Chánh Thu Fruit Export and Import Co. Ltd in Bến Tre Province, said that the cost of air transport of fresh fruits to the US and European markets have increased greatly over the years.

For example, the cost for air shipping fresh fruits to the US used to be around US$3.5 per kilo a few years ago, but now has risen to $6 per kilo.

This is affecting their competitiveness overseas and reducing the amount of fruit shipped there.

However, since preservation technology for many fruit products is not good enough, they have to rely on air transport.

The cost of ocean transport of fruit is 15 times cheaper than air, so better preservation technology to maintain quality on longer container trips is important, she said.

Phạm Tiến Hoài, general director of Hanh Nguyen Logistics, said that the logistics costs of Việt Nam’s agricultural products are high, usually accounting for around 30 per cent of their final prices, so they struggle to compete with goods from other suppliers such as China, Thailand and Indonesia.

Võ Thanh Phong, general director of Hậu Giang Maritime Service Co.Ltd , said the Government needs to continue its effort to improve and enlarge waterways in the Mekong Delta so that large vessels can easily travel through different regions, reducing transport time and costs.

Lê Tiến Châu, provincial party secretary of Hậu Giang, said that for 2021 – 2026 the province will invest around VNĐ18 trillion ($777.99 million) to improve traffic infrastructure and region connectivity.

Every year the Mekong Delta accounts for 90 per cent of the country’s rice exports, and 70 per cent of fruit exports. –

Source: https://vietnamnews.vn/economy/926005/high-logistic-costs-hinder-delta-agriculture-exports.html

Continue Reading

Business

Danang suspends BRT project due to its ineffectiveness

Published

on

A BRT bus is seen at a bus station in Hanoi. The government of Danang City has decided to suspend its BRT project as the investment in the project has yet to bring about social advantages for the coastal central city – PHOTO: TPO

HCMC – The government of Danang City has decided to suspend its bus rapid transit (BRT) project as the investment in the project has yet to bring about social advantages for the coastal central city.

Huynh Anh Vu, deputy director of the Danang City Management Board of Prioritized Infrastructure Investment Projects, which is the project’s developer and operator, confirmed that the management board had reached a consensus with the World Bank, which serves as the lender of the project, on its suspension.

Instead, the management board will focus on completing works related to the development of subsidized bus routes in the city, Vu said, as reported by Lao Dong newspaper.

The decision is considered as the right move as the city’s transport infrastructure system still remains inadequate and measures taken to encourage the use of public means of transport among local residents have not proved effective.

The move was strongly backed by the locals and some of them cited the examples of other localities where trillions of dong were poured into BRT projects but they had failed to address traffic congestion and caused losses to the State budget.

In 2013, the Government approved a master project to develop Danang sustainably with five components: improving the rainwater and drainage system, piloting the BRT system, developing key urban roads, enhancing the capacity and supporting the execution of projects and works transferred from prioritized infrastructure investment projects.

The master project was expected to be completed in June this year, but it has been 84% complete to date with US$185 million spent. Specifically, the BRT project has been 33% complete, while the remaining components have basically been finalized.

Source: https://english.thesaigontimes.vn/81444/danang-suspends-brt-project-due-to-its-ineffectiveness.html

Continue Reading

Business

Some coastal hotels report full occupancy as tourists are on the rise

Published

on

Tourists play outdoor games at a resort. Many hotels in Ba Ria-Vung Tau Province have reported full occupancy as the number of tourists is on the rise – PHOTO: LDO

HCMC – Many hotels in Ba Ria-Vung Tau Province have reported full occupancy as the number of tourists is on the rise, though the holidays of April 30 and May 1 are still a while away, signaling good news for the tourism sector.

Nguyen Van Tuan, manager of Long Hai Hotel in Ba Ria-Vung Tau Province, told Lao Dong Online that over the past one year, the hotel saw few guests and its highest occupancy rate at a mere 20%. However, for some days last week, the number of tourists who booked rooms at the hotel surged, with the occupancy rate at 90%.

For April 17 and 18, the hotel is fully booked, and it is the first time since the coronavirus pandemic that the hotel is seeing some 100 rooms in total fully booked, Tuan said, adding that the hotel was fully booked three weeks ago for the Reunification Day, April 30.

Last weekend, many guests fully booked rooms at Vietsovpetro Ho Tram, said a representative of the resort.

Many hotels at sea tourist destinations near HCMC such as Ho Tram, Long Hai, Vung Tau and Mui Ne are seeing the number of guests soar on weekends.

Do Van Thuc, deputy director of Dat Viet Tour, said that the firm had received rising tour bookings on weekends.

Recently, Dat Viet Tour has been seeing an average 1,500 guests book weekend tours to the sea each week, some 200 kilometers from HCMC, he said.

Apart from this, since March, when the coronavirus outbreak was brought under control in Vietnam, Alo Limo, a transport firm, has become busier on weekends, said Le Gia Thanh Tam, a representative of Alo Limo.

Over the past few weeks, each week has seen some 10-15 groups of tourists book limousines for their trips, mainly to Dalat, Phan Thiet and Vung Tau, Tam said.

Source: https://english.thesaigontimes.vn/81445/some-coastal-hotels-report-full-occupancy-as-tourists-are-on-the-rise.html

Continue Reading

Trending