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Vietnam crude oil imports to hit record as refinery gets ready to start
* Vietnam’s second refinery has started importing crude
* Imports jump as country’s crude production stalls
* Kuwait, Brunei and Azerbaijan supplying Vietnam with crude
By Henning Gloystein
SINGAPORE, Aug 18 (Reuters) – Vietnam’s crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.
August will mark the first month on record in which Vietnam is a net importer of crude oil, according to shipping data in Thomson Reuters Eikon, with the trend set to continue in coming months as the Southeast Asian nation’s refinery capacity grows.
The surge in overseas orders comes as Vietnam’s 200,000 barrels per day (bpd) Nghi Son refinery, its second such facility, prepares to produce liquefied petroleum gas, gasoline, diesel, kerosene and jet fuel, mainly for the domestic market, likely starting later this year or in early 2018.
With local oil production stalling, traders said the country of over 90 million people and 6-percent annual economic growth would gradually increase its crude imports.
“We expect to send bigger and more frequent volumes of crude to Vietnam in the future. Vietnam is one of the key new centres of oil demand growth, and we wouldn’t want to miss this opportunity,” said a senior oil trading manager. He asked not to be identified as he was not allowed to discuss trading strategies.
Shipping data in Thomson Reuters Eikon shows that Vietnam will import around 100,000 bpd of crude in August, on three tankers, versus exports of 70,000 bpd. September tanker imports are scheduled at similar levels.
Vietnam’s orders are still small compared with Asian’s top buyers, China and India, which import around 8 million and 4 million bpd of crude per day respectively.
“But in an environment of oversupply, this incremental new demand is very welcome for crude suppliers,” the trading manager said. Tiếp tục đọc “Vietnam crude oil imports to hit record as refinery gets ready to start”
Digital content firms meet legal barriers
Last update 07:45 | 22/09/2017
VietNamNet Bridge – The digital content industry is witnessing a shift in devices from computers to smartphones.
But state management policies have not changed, making is difficult for digital content firms to do business as they have to both comply with the laws and satisfy requirements set by platform providers.
Nguyen Thanh Hung, director of VTC Intecom, said the development of the digital content industry is hindered by strict regulations. Tiếp tục đọc “Digital content firms meet legal barriers”
Chinese capital flows to Vietnam’s infrastructure projects
Last update 08:00 | 22/09/2017
VietNamNet Bridge – The proposed Long Thanh Airport as well as many other huge infrastructure projects are attracting many Chinese investors.
Vietnam considers the upgrading of infrastructure as one of its top priorities. An ADB report shows that investment in infrastructure in Vietnam has been 5.7 percent of GDP in recent years, the highest level in SE Asia and second highest in Asia. Tiếp tục đọc “Chinese capital flows to Vietnam’s infrastructure projects”
Vietnam seeks higher-quality FDI: experts
Last update 17:00 | 27/11/2017
VietNamNet Bridge – While Vietnam needs foreign capital to develop the economy, it also requires advanced technologies to become involved more deeply in the global supply chain.
The FDI capital would exceed the $30 billion threshold by year end
At a meeting with Japanese investors recently, director of the Binh Duong Planning and Investment Department Nguyen Thanh Truc said foreign investors pledged to invest $2.171 billion in the province this year.
Meanwhile, HCMC is leading the country in FDI (foreign direct investment) with total committed capital of $5 billion this year. Tiếp tục đọc “Vietnam seeks higher-quality FDI: experts”
Vietnam’s instant noodle giants
Last update 19:00 | 27/11/2017
The Vietnamese instant noodle market is considered extremely attractive by instant noodle manufacturers, with a market value of VND27 trillion ($1.19 billion) as well as continuously increasing consumption volumes.
Vietnam is the fourth largest consumer of instant noodle in the world, with major names vying for dominance
Vietnam saw recovery in the consuming of instant noodle with a total 4.9 billion packages consumed in 2016, up 2.5 per cent on-year, making Vietnam the fourth largest consumer country in the world, following China, Indonesia, and Japan. Tiếp tục đọc “Vietnam’s instant noodle giants”
First container block train connecting Vietnam with China arrives in Hanoi
Last update 17:17 | 27/11/2017
Vietnam Railway (VNR) has announced that the first container block train connecting Vietnam with China arrived at Yen Vien Station, Hanoi, on November 25.
The first container block train connecting Vietnam with China
Earlier on November 25, VNR and China Railway (CR) jointly held a ceremony to welcome the container block train at Dong Dang Station in Vietnam’s northern province of Lang Son. Tiếp tục đọc “First container block train connecting Vietnam with China arrives in Hanoi”
Post-war bomb found near Long Biên Bridge
Update: November, 27/2017 – 14:38 vietnamnews
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| A bomb left after the war is found near Long Biên Bridge. – Photo tuoitre.vn |
HÀ NỘI — The Capital City High Command on Sunday concluded that an object found near Long Biên Bridge’s abutment P13 was a bomb left over after the war.
Functional forces are now coming up with solutions to salvage and disable the bomb. Tiếp tục đọc “Post-war bomb found near Long Biên Bridge”
Chinese premier offers billions more to Europe
Li said that China’s Development Bank would make available the equivalent of two billion euros (US$2.4 billion) to a new interbank association between the region and China to be inaugurated later in the day. Tiếp tục đọc “Chinese premier offers billions more to Europe”
The Latest: UN Condemns Deadly Mosque Attack in Egypt
Attackers have launched a deadly attack on an Egyptian mosque frequented by a Muslim sect, killing hundreds.
Nov. 24, 2017, at 6:22 p.m. US News and World Report
Sheikh Sulieman Ghanem, 75, receives medical treatment at Suez Canal University hospital in Ismailia, Egypt, Friday, Nov. 24, 2017, after he was injured during an attack on a mosque. Militants attacked a crowded mosque during Friday prayers in the Sinai Peninsula, setting off explosives, spraying worshippers with gunfire and killing more than 200 people in the deadliest ever attack by Islamic extremists in Egypt. (AP Photo/Amr Nabil) The Associated Press
EL-ARISH, Egypt (AP) — The Latest on mosque attack in Egypt (all times local):
8:55 p.m.
The U.N. Security Council and Secretary-General Antonio Guterres have condemned the deadly attack on a mosque in Egypt’s Sinai Peninsula in “the strongest terms” and called for the perpetrators to be brought to justice.
The council statement called it a “heinous and cowardly terrorist attack” and reiterated that all acts of terrorism “are criminal and unjustifiable, regardless of their motivation.” Guterres called the attack, which killed at least 235 people, “horrific.” Tiếp tục đọc “The Latest: UN Condemns Deadly Mosque Attack in Egypt”
Nể phục chàng boxing chế ra sông nhân tạo nuôi cá số 1 Việt Nam
NN 22/11/2017, 14:30 (GMT+7)Mới thoạt nghe tưởng như trăm phần trăm hư cấu nhưng thực tế chàng trai ấy đã bán được 20 dòng sông cho những người nông dân thỏa chí nuôi thả cá sạch…
Gần bùn mà chẳng hôi tanh mùi bùn
Trong khi những con sông tự nhiên đang dần cạn khô, đặc quánh rác, tanh hôi mùi tử khí thì lại có một người nghĩ ra ý tưởng đem rao sông nhân tạo để phục vụ cho việc nuôi trồng thủy sản. Chàng trai đó mới chỉ ngoài hai mươi tuổi, là cựu vận động viên boxing chuyên nghiệp của tỉnh Hưng Yên, Vũ Duy Hào.
Trong khi những con sông tự nhiên đang dần cạn khô, đặc quánh rác, tanh hôi mùi tử khí thì lại có một người nghĩ ra ý tưởng đem rao sông nhân tạo để phục vụ cho việc nuôi trồng thủy sản. Chàng trai đó mới chỉ ngoài hai mươi tuổi, là cựu vận động viên boxing chuyên nghiệp của tỉnh Hưng Yên, Vũ Duy Hào.
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| Hào đang thu hoạch cá |
Tiếp tục đọc “Nể phục chàng boxing chế ra sông nhân tạo nuôi cá số 1 Việt Nam”
China’s Revision of its SCS Claims: Does it Matter?
Ocean News, Nov. 27, 2017
While China did not recognize the jurisdiction
of the Annex VII arbitral panel under the
authority of the LOS Convention,
it is apparently recasting its claims based on land
territory rather than on an area enclosed by the
“9-Dash Line” that was rejected by the Arbitral Panel.
of the Annex VII arbitral panel under the
authority of the LOS Convention,
it is apparently recasting its claims based on land
territory rather than on an area enclosed by the
“9-Dash Line” that was rejected by the Arbitral Panel.
Why this is important: China’s new approach
to its jurisdiction in the South China Sea may
be presented as a concession by people who
do not understand that substantive claims
appear to have changed little from those
made under the infamous “9-Dash Line,”
so it is important that we all understand
the details of the new “Four Shas” policy.
Before we turn to China, considering the
continuation and revitalization
of Ocean Law News. While funds
are important, so are the numbers of
contributors – every reader counts
In August of this year, China presented a new take on its claims to the South China Sea. It isn’t clear whether the infamous “9-Dash Line” has been relegated to history or the new scheme is some form of supplement. The red line in the map below is based on the dashes of China’s 9-Dash Line.
The new proposal recognized the legal principle that”the land dominates the sea,” which means that jurisdiction at sea is based on the geography of the land, something that the 9-Dash line did not address. Tiếp tục đọc “China’s Revision of its SCS Claims: Does it Matter?”
Trong khi Bắc Kinh phát triển Năng lượng tái tạo, thì các công ty Trung Quốc xây nhiệt điện than ở Việt Nam và các nước nghèo – As Beijing Joins Climate Fight, Chinese Companies Build Coal Plants
nytimes_Workers at a construction site at the Sahiwal coal power plant, owned by China’s state-owned Huaneng Shandong Ruyi Group, in Pakistan. The country’s coal capacity is set to grow 15,300 megawatts from 190.CreditAsad Zaidi/Bloomberg
When China halted plans for more than 100 new coal-fired power plants this year, even as President Trump vowed to “bring back coal” in America, the contrast seemed to confirm Beijing’s new role as a leader in the fight against climate change.
But new data on the world’s biggest developers of coal-fired power plants paints a very different picture: China’s energy companies will make up nearly half of the new coal generation expected to go online in the next decade.
New forestry law looks beyond protection to development
Last update 15:51 | 26/11/2017
Ha Cong Tuan, deputy minister of Agriculture and Rural Development, speaks to the Vietnam Economic Times about his ministry’s resolve to make forests a key resource for national economic development.
How does the 2017 Law on Forestry compare to the 2004 Law on Forestry Protection and Development?
The new forestry law consists of 12 chapters with 108 articles stipulating management, protection, development and use of forests, along with processing and trade of forest products. The law will come into force on January 1st 2019. Tiếp tục đọc “New forestry law looks beyond protection to development”
7-yr-old Vietnamese girl tortured with heated iron by father, stepmother
The girl has not been separated from her abusers as local authorities say their hands are tied
- By Tuoi Tre News November 26, 2017, 11:01 GMT+7
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| Photos of the burned marks on T.’s face captured by her teachers |
A seven-year-old girl in southern Vietnam has been found to be a victim of constant domestic violence by her father and stepmother, whose tortures include the use of a heated iron bar to burn marks on her skin.
The girl, N.H.N.T., has been living with the abusers since her parents got divorced.
According to T.’s mother Huynh Thi Binh Van, 27, the ex-husband had forced her to give up custody of their child by threatening to kill the whole family if she dared to refuse.
With little knowledge about how the legal system works, Van complied with the demand. Tiếp tục đọc “7-yr-old Vietnamese girl tortured with heated iron by father, stepmother”
CVD 