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Update news EVN
VN exports face tough challenges; SBV approves new Construction Bank head; Pan Pacific stitches up tender for largest stake in Vinaseed; Footwear exports fetch more than $1.1b; Unsold sugar inventory reaches nearly 460,000 tonnes
VietNamNet Bridge – When they began to build a hydropower plant on Ba River, the investors promised that the plant would provide the lowlands with water and help ease floods. But they have backed away from their promises.
VietNamNet Bridge – Electricity of Vietnam (EVN), responding to the public’s severe criticism about electricity imports from China, said that the purchases were needed to ensure domestic demand.
VietNamNet Bridge – Vietnamese enjoy the lowest electricity rates in the region. But they come at a cost.
Two transformers, AT1 and AT2, of the Hiep Hoa 500KV transformer station in Bac Giang Province, failed to operate for one week in mid-May, affecting sufficient electricity output to the capital city of Hanoi.
VietNamNet Bridge – The Electricity of Vietnam (EVN), the only electricity wholesale buyer, will buy power made from agricultural waste at 5.9 US cents per kwh, which is higher by 1.8 cents per kwh than the current average price.
VietNamNet Bridge – Vietnam Electricity Group (EVN) will have to replant around 9,660 hectares of forest to compensate for the areas of forest it has chopped down to make room for its hydropower plants.
VietNamNet Bridge – Vietnam Electricity Group (EVN) and Vietnam Oil and Gas Group (PVN) will be banned from investing in real estate, banking, insurance and stock market, said the Ministry of Finance.
EVN to ensure stable power supply; Plan hoped to boost Central Highlands’ development; Trans-Pacific Partnership in the eyes of domestic insiders; Transport sector focuses on BOT, BT, PPP investment; Business licensing faces reform
Investment deal agreed for petrochemical complex; Finance ministry moves to unpick business barriers; Russian investor eyes US$1 bln coal-use petrol plant; Exclusive S Korea complex planned
VietNamNet Bridge – Electricity of Vietnam (EVN) plans to withdraw capital worth 2.07 trillion VND (97.64 million USD) from seven non-core companies by 2015.
VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) must finalise all conditions that will help develop the competitive power generation market (VCGM) and get it trial-ready by 2016.
VietNamNet Bridge – Facing capital shortages, Electricity Viet Nam (EVN) has asked national coal group Vinacomin and PetroVietnam to invest in power plants, EVN deputy general director Dinh Quang Tri tells Vnexpress.
VietNamNet Bridge – The Government is committed to clamping down on corruption and strengthening the organisation and prosecution of big time cases in its bid to restore people’s trust.
VietNamNet Bridge – The Government Inspectorate last week announced numerous wrongdoings at the state-run Electricity of Vietnam, the country’s sole power distributor.
The Electricity of Vietnam (EVN) refuses to buy electricity from a lot of Vietnamese hydropower plants, but continues buying electricity from China, even though it admitted that the areas using Chinese power have unstable voltage.
Dong Nai develops service area for int’l airport; 3G service fees likely to be hiked further; Lao Cai casino upgrades; Few takers for foreign currency loans; HCM City recalls 136 slow-moving projects
VietNamNet Bridge – Having powerful financial capability and enjoying privileges as state owned enterprises, they still want more power, more capital and more privileges.
VietNamNet Bridge – The Electricity of Vietnam (EVN) has become the biggest debtor of commercial banks with the total outstanding loans having reached VND144 trillion.
VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has pledged that Vietnam would continue to reduce the Electricity of Vietnam’s monopoly through the development of a competitive electricity market.