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Vietnam to develop 5,000 MW of offshore wind power by 2030

Provinces and cities want to add to the national power development plan 110,000 MW of offshore wind power, but the Ministry of Industry and Trade has only approved an additional 5,000 MW. 



This information was released by Dang Hoang An, Deputy Minister of Industry and Trade, at a recent workshop on developing offshore wind power in Vietnam.

According to An, with Vietnam's commitment to reach zero emissions by 2050 at COP 26, there will be a detailed roadmap for industries, including clean energy and renewable energy.

He said the Ministry of Industry and Trade is finalizing the draft power plan VIII, with a target to develop 5,000 MW of offshore wind power by 2030 and about 40,000 MW by 2045. Compared to the scenario introduced in early November of 4,000 MW by 2030, in this updated plan, offshore wind power capacity increased by 1,000 MW.

Out of 5,000 MW of offshore wind power that Vietnam will develop by 2030, the North will develop 2,000 MW, and the South will develop 3,000 MW. By 2045, with a capacity increase to over 40,000 MW, offshore wind power will account for 12% of the total power sources.

90% of workers who lost jobs stop looking for new position

According to a study by the Asian Development Bank (ADB), about 90% of Vietnamese workers who lost their jobs have stopped looking for a new job.





The assessment was made based on data provided by the General Statistics Office of Vietnam. Specifically, 4.4% of officially recruited workers lost their jobs in the third quarter of 2021 (equivalent to 1.8 million people losing their jobs, an increase of more than 700,000 people compared to the second quarter and 620,000 people compared to the second quarter in 2020). About 90% of them left the labor force and 9% applied for unemployment insurance benefits.

Nearly 1,600 containers of scrap remain at Cat Lai Port

According to the customs agency, by the end of November Cat Lai port in HCM City had 2,408 abandoned containers, including 1,594 scrap containers. The port authorities are seeking ways to deal with these containers.

Hanoi to set off New Year's Eve fireworks at only one spot

The capital city plans to set off New Year’s Eve fireworks at Thong Nhat Park. The show will be broadcast live. The organizer will be the Capital High Command and the fund will be mobilized from private sources.

19 students awarded Labor Medal

In 2021, Vietnam sent 37 students to participate in regional and international Olympic competitions. Eight students who won gold medals in Olympic competitions were awarded the second-class Labor Medal; 11 silver medalists were awarded the third-class Labor Medal. Among the remaining students, six were awarded certificates of merit by the Prime Minister, and six received certificates of merit from the Minister of Education and Training.

CDC Hanoi: Hanoi will not impose large-scale lockdown

In recent days, Hanoi has recorded more than 1,000 cases of Covid-19 cases per day, including hundreds of locally transmitted cases. A representative of the Hanoi Center for Disease Control (CDC) said that non-essential activities will be restricted only in communes, wards, and districts rated at a high risk of Covid-19.

Fake document ring with 10,000 buyers detected

The police agency of Thua Thien-Hue Province has detected a ring that makes fake documents of state agencies and organizations. At least about 10,000 individuals nationwide have purchased fake documents from this ring.

Indian billionaire may build car factory in Vietnam

During a recent meeting with National Assembly Chairman Vuong Dinh Hue, billionaire Prakash Hinduja of Hinduja Group said that he was considering building an automobile assembly plant in Vietnam. Mr. Hue said that Vietnam is an attractive investment destination for foreign investors and wished to have more Indian investors in Vietnam. For Hinduja's investment plan in Vietnam, he suggested the group set up a representative office to prepare for its first projects in the country.




HCM City proposes changes to planned urban area in its north-west


Amid global unrest, VN billionaires incur huge losses

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Vietnam needs to expand airport network to relieve pressure on infrastructure

Vietnam ranks No.1 on the list of the 25 countries with the fastest post-pandemic recovery of the domestic aviation market.

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.