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Vietnam: World Bank approves US$500 million loan to improve electricity transmission


August 7, 2014 – The World Bank’s Board of Executive Directors today approved a loan of US$500 million to the Government of Vietnam to improve the capacity, efficiency and reliability of electricity transmission in areas that are key to the country’s economic development, including the Greater Hanoi Area, the Greater Ho Chi Minh City Area, the Mekong Delta, and the Central Region.

The project will finance transmission lines and substations at voltage levels of 220 and 500 kilovolts to increase the transport capacity and reliability of the electric grid. It will finance about 15 percent of Vietnam’s transmission network growth from 2015 to 2020, targeting key investment needs in major economic development areas where transmission overloads are already present or will happen in the very short term.

In addition, the project will support Smart Grid technologies for monitoring, control, and protection equipment to improve reliability and reduce electricity outages. At the same time, the project will also help build the capacity of the National Power Transmission Company by supporting its operational and financial independence, in line with the power sector reforms program, which foresees a wholesale competitive market to be piloted by 2015.

The total financing requirement of the project is estimated at US$731.25 million, of which US$500 million will be funded by the International Bank for Reconstruction and Development, the World Bank Group’s lending arm for middle-income countries. The remaining US$231.25 million will be financed by the Socialist Republic of Vietnam.

Measles outbreak, 7000 patients with 111 patients died


April 16, 2014, Mr. Nguyen Van Kinh - Director of the Hospital for Tropical Diseases - announced  measles patients has risen to over 7,000 patients, which more than doubled compared with the six days ago. Among them, 111 patients died.

The majority of cases of measles this year is under the age of vaccination (9 months old), 30% of measles patients and 50% of patients died was in Hanoi. Ms. Nguyen Thi Bich Ngoc, Vice Chairman of Hanoi, said: "In Hanoi, 1,052 cases of measles, 88.3% were not vaccinated against measles."



越南降低再融資利率和其他利率政策因為政府試圖支持企業和加強經濟陷入困境再融資利率是把今天的6.5%,從7%越南首要管理員Le Duc Tho國家銀行在河內在電話中說

Aquatic exports to hit 1.7 billion USD in Q4


Vietnam expects to earn 1.7 billion USD from exporting aquatic products in the fourth quarter of this year, up 6.5 percent year-on-year.

The figure will help raise the year’s total to over 6.5 billion USD, an increase of 5 percent against last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In the first nine months of 2013, Vietnam shipped its aquatic products to 156 markets throughout the world, fetching 4.8 billion USD, or a year-on-year rise of 6.4 percent.

Among the aquatic products, shrimp accounted for 43 percent of the country’s total export value. Since March, the product has enjoyed a two-digit monthly export growth, ranging from 20 percent to 66 percent.

In the January-September period, shrimp export turnover exceeded 2 billion USD, up 27 percent compared to the same period last year.

Meanwhile, the tra fish sector has seen slow recovery, and even some drops, in recent months. Its exports in the first three quarters reached nearly 1.3 billion USD, down 1.4 percent year-on-year.

The export of tuna and sea fish has also come to a standstill due to the EU and Japanese markets’ falling demands and higher standards. Tuna exports in the first nine months fetched only 415 million USD, a decline of 4.5 percent over the same period last year.

Cuttle and octopus saw continuous decreases in the Jan-Sept period, earning 309.5 million USD, down 17.2 percent.-VNA