Of note, the bulk of that power has come from burning coal with hydropower plants being used as back up in order to avoid the power outages that plagued the northern provinces last year. Coal production in Vietnam, however, has fallen this year by about 12.3 percent. Consequently, there has been a spike in coal imports this year of 32.7 percent by value and 16 percent by volume.

Audits find broad inaccuracies in fin. statements for several Vietnam real estate firms

the-shiv September 16, 2024

For example, in financial reports compiled by Saigon Real Estate Corporation, VND 76.6 billion in revenue was reported, however, after audit that number was reduced to VND 60.2 billion. It also saw a self-reported profit of VND 2.4 billion become a loss of VND 23.4 billion…

Typhoon Yagi estimated to have caused US$1.63 billion in damage in Vietnam

the-shiv September 16, 2024

That said, there may be more costs to come with factories and manufacturing facilities damaged across the northern provinces–the Ministry is estimating that Vietnam’s economy could take a hit this year of .15 percent from typhoon Yagi…

Vietnam Ministry officially tasked with researching nuclear power for Vietnam

the-shiv September 16, 2024

Of note, during Vladimir Putin’s brief two-day visit to Hanoi last week back in June, the Russian president oversaw the signing of a memorandum of understanding between Russia’s Rosatom State Nuclear Energy Corporation and Vietnam’s Ministry of Science and Technology. If realised, the agreement would see the former assist the latter to establish a Nuclear Science and Technology Center in Vietnam with a Russian nuclear reactor…