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

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

National programme to boost development of high technology

National programme to boost development of high technology

Prime Minister Nguyen Xuan Phuc has signed a decision on the national programme on high technology development to 2030, which aims to develop and master 20 prioritised technologies in different fields.

Digital transformation gives boost to development

Digital transformation gives boost to development

Vietnam's digital economic outlook has been seeded on a fertile and potential land with a high rate of Internet usage and a developing technological infrastructure.

 
 

Other News

.
How long does AstraZeneca vaccine protect patients?
How long does AstraZeneca vaccine protect patients?
FEATUREicon  10/03/2021 

Vietnam will use 60 million doses of AstraZeneca vaccine this year. How long does the vaccine’s effectiveness last?

Retail market slumps, global supermarket chains leave Vietnam
Retail market slumps, global supermarket chains leave Vietnam
FEATUREicon  10/03/2021 

Big C, Metro, Tran Anh and Vien Thong A, once powerful retail giants, have disappeared after takeover deals.

The female successors of Vietnam's tycoons
The female successors of Vietnam's tycoons
FEATUREicon  10/03/2021 

Despite their young ages, a number of women hold important positions in large corporations and own assets worth trillions of dong.

Tourists do field work, Hoi An locals make a fortune
Tourists do field work, Hoi An locals make a fortune
FEATUREicon  09/03/2021 

One of the joys of tourists coming to the ancient town of Hoi An in the central province of Quang Nam is to ride a buffalo and learn to farm.

Water puppetry made from discarded materials
Water puppetry made from discarded materials
FEATUREicon  09/03/2021 

Mr. Ho Van Than (60 years old, Quynh Thien ward, Hoang Mai town, Nghe An province) is very admired for his flair in turning scrap shops into riveting electric puppets.

Covid-19 and digital transformation
Covid-19 and digital transformation
FEATUREicon  09/03/2021 

Digital transformation is keeping life going but in a ‘new normal’ state.

Covid-19 vaccinations begin in Vietnam
Covid-19 vaccinations begin in Vietnam
FEATUREicon  08/03/2021 

On the morning of March 8, the first Vietnamese were injected with Covid-19 vaccine at four places: 

Physician spends 100 unforgettable days at COVID-19 epicenters
Physician spends 100 unforgettable days at COVID-19 epicenters
FEATUREicon  09/03/2021 

In hermetic protective clothing, Tran Anh Tu, a physician from Hanoi, spent memorable days at pandemic-hit areas with fast meals and late meals at night.

‘Foreign eagles’ and ‘Viet dragons’ do the 'tango dance' together
‘Foreign eagles’ and ‘Viet dragons’ do the 'tango dance' together
FEATUREicon  09/03/2021 

Vietnam needs to create favorable conditions for ‘Viet dragons’ and ‘foreign eagles’ to join the "tango dance" that brings benefits to both sides, according to VIetnam Chamber of Commerce and Industry (VCCI) chair Vu Tien Loc.

6th grader's website and its unexpected success
6th grader's website and its unexpected success
FEATUREicon  08/03/2021 

A free website with a homework search engine was launched in 2013 by a boy in the 6th grade.

Trees thousands of years old – treasures beyond price
Trees thousands of years old – treasures beyond price
FEATUREicon  08/03/2021 

No measure of money can be exchanged for the mark of time. These trees, with a lifetime of over 1,000 years, are associated with national culture and history.

Another road for Covid-19 vaccines
Another road for Covid-19 vaccines
FEATUREicon  07/03/2021 

Western nations have the capacity in terms of economic potential and the legal and moral aspects to promote access to vaccines on a global scale.

Digital transformation and the digital economy
Digital transformation and the digital economy
FEATUREicon  06/03/2021 

The fourth industrial revolution, digital transformation and the digital economy are mentioned many times in documents of the 13th Party Congress. 

Vaccine nationalism
Vaccine nationalism
FEATUREicon  06/03/2021 

Vaccine nationalism has become alarming, as politicians have criticized the previous US President Donald Trump for his "America First" doctrine.

Online stalls help ‘rescue’ farm produce in North
Online stalls help ‘rescue’ farm produce in North
FEATUREicon  06/03/2021 

Hai Duong’s first farm produce, including cabbage and chicken eggs, are being sold on voso.vn, an e-commerce website, while an online stall distributing Hai Duong’s produce has been set up.

Are Vietnam’s e-commerce platforms inferior to foreign competitors?
Are Vietnam’s e-commerce platforms inferior to foreign competitors?
FEATUREicon  08/03/2021 

Some reports show that Shopee has left its rivals far behind, and that Tiki is competing equally with Lazada, while Sendo is in the fourth position.

Carer for cemetery devotes daily life to martyrs
Carer for cemetery devotes daily life to martyrs
FEATUREicon  08/03/2021 

For the last 40 years, she comes to clear grass, burn incense, and sit and talk at the martyrs’ graves at the cemetery every day.

Vietnamese rush to buy cars as prices fall
Vietnamese rush to buy cars as prices fall
FEATUREicon  05/03/2021 

Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging.

Vietnamese professor in the UK and memories of Vietnam
Vietnamese professor in the UK and memories of Vietnam
FEATUREicon  05/03/2021 

Prof. Duong Quang Trung, Research Chair of the Royal Academy of Engineering and Professor at Queen's University Belfast in the UK, had a talk about science and other topics with VietNamNet.

Fleeing the city, woman moves to mountainous area to farm, be close to nature
Fleeing the city, woman moves to mountainous area to farm, be close to nature
FEATUREicon  06/03/2021 

Leaving the urban life and a highly paid job behind, May chose to settle in a mountainous area, and enjoy gardening and farming.

 
 
 
Leave your comment on an article

OR QUICK LOGIN