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When the two ‘locomotives’ restart at the same time

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Contributing about 45% of the country’s GDP, HCM City and Hanoi are considered the two engines pulling the national economy. Both must be healthy and go hand in hand to revive the pandemic-hit economy.

Ho Chi Minh City to rise up

During a recent livestream with local residents, HCM City Chairman Phan Van Mai did not directly answer the question “When will the city end social distancing measures?”. It was a necessary caution because it is related to the beliefs of people who have stayed at home during the three months of social distancing.

But he mentioned good signs: supermarkets and the supply chain will open from now until September 15; shippers are allowed to operate in red areas (pandemic-hit) and residents are allowed to go to the market to buy food once a week; in green areas (epidemic free), processed food shops are allowed to operate in the form of takeaway delivery.

It is hoped that the gradual ease of social distancing measures in the city will help improve people’s quality of life.

Hai ‘đầu tàu’ Hà Nội và TP.HCM khởi động lại cùng nhịp

HCM City: People show their travel documents to police officers. Photo: Thanh Tung

The Ho Chi Minh City Business Association cited a study by the University of Economics and Law as saying that since the fourth wave of Covid-19 broke out in late April, the vast majority of 288,333 businesses with 3.2 million workers in the city had to stop operation. Only 717 out of a total of 1,527 enterprises in hi-tech zones, industrial zones and export processing zones maintained operation at different levels, with the participation of about 65,000 employees out of a total of 345,000 people.

Thus, the city’s economic loss is serious, occurring in all sectors and regions of the economy. If the city’s economy recovers slowly, the growth of the southern key economic region will decrease sharply, the unemployment rate will increase, and national budget revenue will be affected.

The risks were identified by the government after HCM City was assigned to control the epidemic before September 15.

Ho Chi Minh City, which contributes 23%-25% of Vietnam’s GDP and 27% of state budget revenue, is in a serious situation but will probably recover soon. A support program for people and businesses needs to be designed and implemented early before it is too late.

Hanoi to go hand in hand

Hai ‘đầu tàu’ Hà Nội và TP.HCM khởi động lại cùng nhịp

Giving vaccination for the elderly in Hanoi. Photo: Pham Hai

Hanoi, because of the lack of Covid-19 vaccines, has had to impose social distancing since July 24 under the Government’s Directive 16. Hanoi’s decision at that time was controversial. Social distancing and blockade, if extreme, would severely affect people’s livelihood and production and business circulation while Hanoi had only a few cases of infections.

At the time the capital implemented social distancing, an epidemiologist released a chart showing that the number of cases in Hanoi since July 6 tended to repeat what had happened in Ho Chi Minh City since May 24. If the city did not immediately impose social distancing, Hanoi would have been in the same situation of HCM City.

However, Hanoi did not apply extreme policies and in fact industrial and manufacturing enterprises continue to operate. In the first eight months of this year, the city’s index of industrial production increased by 6.3% year on year.

However, the impact of social distancing has been very clear. For example, the total retail sales of consumer goods and services in August was estimated to decrease by 32.2% compared to the previous month and by 51.2% over the same period of last year.

After nearly three times extending social distancing, Hanoi has controlled the epidemic well, proving the effectiveness of the early social distancing measures.

Hanoi is speeding up vaccinations. Within three days, the capital administered more than 1 million doses of vaccines with support from medical staff of 11 provinces. At this rate, Hanoi is expected to vaccinate 70 percent of the population of over 18 years old by September 15, or a few days later.

On September 6, Hanoi Mayor Chu Ngoc Anh issued Official Letter No. 20 with an impressive goal: “Immediately resuming” economic recovery and promoting economic development in green and yellow zones and then to the entire city from September 15.

By September 15, when vaccination coverage is enough, it is hoped that Hanoi will reopen its economy. Only when the two locomotives, Hanoi and HCM City, operate at the same time, can they help pull Vietnam’s economic train.

Tu Giang

Source: https://vietnamnet.vn/en/feature/when-the-two-locomotives-restart-at-the-same-time-774832.html

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EVN reduces electricity purchases as consumption drops

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Because of low electricity consumption, thermopower, hydropower, wind and solar power plants have had to cut their capacity.

EVN reduces electricity purchases as consumption drops

According to the Vietnam Electricity Regulatory Authority (A0), electricity consumption in the country continued to decrease in the first two weeks of September 2021.

The peak daily capacity of the whole country was 29,700MW, while the total output of the entire electricity system was 624.3 million kwh per day.

As such, the country’s electricity consumption in the first half of the month was 24 percent lower than before, when large-scale social distancing began in mid-July and 15 percent lower than the same period last year.

The peak daily capacity in the south in the first two weeks of September was 12,200MW, while the total output was 243 million kwh per day.

The electricity consumption of the southern region during that time was 29 percent lower than before, when social distancing began and 23 percent lower than the same period last year.

To ensure the safe operation of the national electricity system when consumption goes down as a result of social distancing, A0 and local regulatory units have adjusted the mobilization of electricity to the demand of the whole country and every region, while ensuring technical requirements to regulate the national system safely.

“The regulation of the national system must fit the structure of power sources and transmission capacity among regions. The mobilization of electricity sources in the system is always implemented with the principle of transparency and equality, with no discriminatory treatment to the types of electricity sources,” the Electricity of Vietnam (EVN) stated.

EVN has asked owners of power plants to closely cooperate with A0 and local regulatory units and strictly implement commands on electricity mobilization to ensure the safe operation of the national electricity system, especially when consumption decreases as a result of Covid-19.

This means that power plants will have to cut capacity and their electricity would be unsold.

According to EVN, the power generating units that connect and provide electricity to the national grid have the responsibility of strictly complying with the operation method and commands of the regulatory units which have the right to control and examine as prescribed in Circular 40/2014/TT-BCT stipulating the process of regulating the national power system, and Circular 31/2019/TT-BCT that amends and supplements a number of articles of the process. They have to take responsibility for violations of the law.

In related news, EVN Hanoi reported that as of the end of August, it had reduced electricity prices and electricity bills for clients hit by Covid-19, totaling VND329.58 billion. 

Luong Bang

Source: https://vietnamnet.vn/en/business/evn-reduces-electricity-purchases-as-consumption-drops-776785.html

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Ministry investigates evasion of trade remedies for cane sugar

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Bags of sugar displayed for sale at a supermarket in Bangkok. — VNA/ Photo Ngọc Quang

HÀ NỘI — The Ministry of Industry and Trade (MoIT) on Tuesday issued a decision to investigate the evasion of trade remedies for cane sugar products originating from Thailand after considering requests from domestic sugar producers.

The ministry said it has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) and domestic cane sugar refineries, which submitted evidence that Thai cane sugar products subject to anti-dumping and anti-subsidy taxes have entered the Vietnamese market through five ASEAN countries of Laos, Cambodia, Indonesia, Malaysia and Myanmar.

The MoIT officially imposed anti-dumping and anti-subsidy duties on a number of sugar cane products originating from Thailand on June 15, 2021.

Data of local customs agencies shows that the volume of sugar imported from the five above-mentioned ASEAN countries had increased sharply to 527,200 tonnes from 107,600 tonnes after Viet Nam initiated an anti-dumping and anti-subsidy investigation into sugar from Thailand from October 2020 to June 2021.

Meanwhile, the import volume from Thailand has decreased by nearly 38 per cent, from 955,500 tonnes to 595,000 tonnes in the period.

The MoIT has actively coordinated with the VSSA to monitor the import of cane sugar products and actively consulted and assisted the VSSA, as well as the domestic cane sugar industry, in collecting information and data and making a petition to request an investigation into this behaviour. —

Source: https://vietnamnews.vn/economy/1036330/ministry-investigates-evasion-of-trade-remedies-for-cane-sugar.html

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Santorini masterpiece on the most beautiful avenue of Vung Tau downtown

Léman Cap Residence has taken inspiration from paradise island Santorini in Greece to bring the Mediterranean breath to Ha Long street, the most beautiful avenue in the coastal city of Vung Tau.

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Project inspired by Santorini Paradise, a destination of Hollywood stars

Santorini is a mainstay on the list of Top 10 paradise islands by the famous American Travel + Leisure Magazine. The island has also been voted as one of the Top 20 most expensive vacation destinations in the world with five-star luxury resorts. It is apparent why many famous Hollywood stars choose Santorini for vacationing.

Rumor has it that “Mrs. Smith” Angelina Jolie once bought a villa right on Santorini island for annual vacations. If you ever get lost here, you will most likely come across Tom Hanks and his wife, Shakira and Pique, or basketball player Michael Jordan. Music star Justin Bieber has also been to Santorini to enjoy the delicious food and wine. The island’s famous specialty is made from grapes grown on the volcanic mountains.

Santorini has always been an irresistible magnet with its characteristic Cycladic architecture, an integral part of the Mediterranean culture. Cycladic architecture is famous for its uniqueness and charm, providing the islands with minimal aesthetics but with a daring style. The most prominent characteristic of this architectural style, are the white washed cube houses built next to and on top of one another.

Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau
Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau

Visit Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau

Visitors looking for a taste of Greece need not go that far anymore. Léman Cap Residence now captures the essence of the paradise island Santorini in its design and architecture. Travel lovers can now visit the made in Vietnam Santorini to admire the beauty of the island on Ha Long Street in Vung Tau.

Ha Long is the most bustling street in Vung Tau with well-developed transport infrastructure surrounded by thousands of five-star entertainment services. Along the avenue lie many famous tourist attractions such as Front Beach, Pineapple Beach, Nghinh Phong Cape, Bai Dau and Bai Sau tourist areas, which welcome millions of tourists every year.

Just a few minutes walk from Léman Cap Residence apartment to Ha Long Street, you can easily access a variety of branded shophouses, specialty restaurants, entertainment services, temples and churches, which are the cultural symbols of Vung Tau. Being located on the central route of the city, visitors can reach other areas quickly and easily via Long Thanh International Airport, Ring Road 4 connecting Vung Tau with the western region, as well as many other highways.

The masterpiece Léman Cap Residence fascinates with its unique Santorini architecture with characteristic white and blue colours. The project offers remarkable and unique ocean views while leaning against the green hills. A forest in the middle of the busy street, Léman Cap Residence is a separate resort complex with green nature, blooming flowers and chirping birds all year round.

Léman Cap Residence is located in Ha Long street - the most beautiful central avenue in the coastal city of Vung Tau
Léman Cap Residence is located in Ha Long street – the most beautiful central avenue in the coastal city of Vung Tau

Léman Cap Residence will leave impression on people with its beauty. Léman Cap Residence is a unique Santorini masterpiece with the immense blue sea in front and the fresh green mountains behind. Meanwhile, the surrounding areas are bustling and colourful entertainment complex. 

Léman Cap Residence: Masterpiece Santorini – A diamond on the most beautiful central avenue in the coastal city of Vung Tau

Hotline: 0918887920

Website: https://lemancapresidence.vn/

Fanpage: https://www.facebook.com/lemancapresidences

Source: https://e.nhipcaudautu.vn/real-estate/santorini-masterpiece-on-the-most-beautiful-avenue-of-vung-tau-downtown-3342113/

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