Vietnam’s Power Development Plan 8: A bold step towards a net-zero future

By Minh Ha-Duong

29 May 2023 at 10:27

The long-awaited power development plan shows Vietnam is determined to make a green transition, but much needs to be done.

Wind farm

The Bac Lieu wind farm’s phase 1 and phase 2 projects in Bac Lieu city have been in operation for 10 years. PHOTO: Chi Quoc

After years of anticipation, Vietnam’s Prime Minister Pham Minh Chinh recently approved Power Development Plan 8 (PDP8).

This plan determines how to invest US$13.5 billion per year during the next 10 years and put the country’s electricity system on the way to a net-zero future.

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Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths

Global investment in clean energy is on course to rise to USD 1.7 trillion in 2023, with solar set to eclipse oil production for the first time

Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report.

About USD 2.8 trillion is set to be invested globally in energy in 2023, of which more than USD 1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to the IEA’s latest World Energy Investment report. The remainder, slightly more than USD 1 trillion, is going to coal, gas and oil.

Annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, compared with a 15% rise in fossil fuel investment over the same period. But more than 90% of this increase comes from advanced economies and China, presenting a serious risk of new dividing lines in global energy if clean energy transitions don’t pick up elsewhere.

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Vietnam to cut annual rice exports by 44% to 4 million tonnes by 2030

HANOI (Reuters) -Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tonnes last year.Slideshow ( 2 images )Vietnam is the world’s third-largest rice exporter, after India and Thailand.

The move is aimed at “boosting the exports of high-quality rice, ensuring domestic food security, protecting the environment and adapting to climate change,” according to the government document, dated May 26 and reviewed by Reuters.

Rice export revenue will fall to $2.62 billion a year by 2030, down from $3.45 billion in 2022, the document said.

“Although Vietnam’s rice farming area is shrinking due to climate change and some farmers are switching to growing other crops and raising shrimp, the strategy appears to be too aggressive,” a rice trader based in Ho Chi Minh City said on Saturday.

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Warren Buffett’s shifting Asian portfolio

Geopolitics push ‘Oracle of Omaha’ to move away from China and invest in Japan

KENJI KAWASE, Nikkei Asia chief business news correspondentMAY 24, 2023 04:30 JST

OMAHA, U.S. — For Antonius Budianto, an independent stock investor from Indonesia, it was a dream come true to be in Omaha, Nebraska for the first time.

Traveling from East Java with his wife and 14-year-old daughter, Antonius was standing in a queue in front of Omaha’s CHI Health Center at 3 a.m. to grab a seat at the annual general shareholders meeting of investment company Berkshire Hathaway on May 6. Antonius said they wanted to be “as close as possible” to the podium as his two business idols — Warren Buffett and Charlie Munger — sat and took questions from shareholders in the audience and around the world.

Antonius has been investing in listed stocks in Indonesia for over 20 years, faithfully following the Buffett method: focus on a few companies with strong earnings, handsome dividend payments and sound corporate governance, and hold on to them, sometimes for decades. At Berkshire, this strategy has been distilled into the oft-repeated maxim: “Just hold the goddamn stock,” as Munger put it that day.

For his part, Antonius has been making a living as a full-time professional investor since 2010.

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Xi upends secret world of US$10,000 an hour China experts

Beijing clamps down on ‘expert networks’ over threats to national security, sending shockwaves through the financial world with experts saying the move will derail China’s push to attract foreign investors

Private conversations with corporate insiders and ex-government officials that cost upwards of US$10,000 an hour. Coded language and blurred regulatory lines.

For hedge funds and other global investors, China’s vast web of “expert networks” has become a key tool for navigating an opaque but potentially lucrative economic powerhouse. For Xi Jinping’s (習近平) Communist Party, the secretive industry represents something far more ominous: a threat to national security that must be reined in.

That contradiction is now sending shockwaves through the financial world as China’s government cracks down on the expert networks it had showered in praise less than a decade ago during Xi’s first term as president. The anti-espionage campaign — which centers on Capvision, a giant of the industry with offices in Shanghai and New York — has reignited concern among China watchers that Xi’s fixation on security and tightening grip on information will derail his push to attract foreign investors.

In this image taken from undated video footage run by China’s CCTV, Chinese police raid the Capvision office in Shanghai. China’s chief foreign intelligence agency has raided the offices of business consulting firm Capvision in Beijing and other Chinese cities as part of an ongoing crackdown on foreign businesses that provide sensitive economic data. Photo: AP


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Winning without fighting? Why China is exploring ‘cognitive warfare.’

Visitors stand in front of a giant screen displaying Chinese leader Xi Jinping next to a flag of the Communist Party of China, at the Military Museum of the Chinese People’s Revolution in Beijing last October. | REUTERS

With the U.S. and its allies rapidly bolstering military capabilities around Taiwan, a successful Chinese invasion, let alone an occupation, of the self-ruled island is becoming an increasingly difficult proposition.

But with the Chinese People’s Liberation Army (PLA) increasingly focused on “intelligent warfare” — a reference to artificial intelligence-enabled military systems and operational concepts — experts warn that Beijing could eventually have a new card up its sleeve: “cognitive warfare.”

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Competitive market key to expanding Electric Vehicle charging network

Electric vehicle (EV) charging stations will better serve EV owners if lawmakers and regulators enable a level playing field for competitive providers, concludes a new report entitled “Serving Customers Best: The Benefits of Competitive Electric Vehicle Charging Stations.”

New report finds competitive market key to expanding EV charging network

Courtesy of Ernest Ojeh, Unsplash.

The 52-page report addresses a key aspect of the clean energy transition, finding that utility ownership of EV charging stations is generally not in the public interest and that allowing monopoly utilities to own charging stations will deliver less efficient, lower-quality service and choice to EV owners. This will result in unfair cost shifting to other electricity consumers.

“Regulators and legislators will serve the EV charging public best if they provide for a competitive and nondiscriminatory environment for public charging stations” said Rob Gramlich, President of Grid Strategies and one of the four co-authors of the study. “We should enable the market to work if we want to build-out EV charging infrastructure and give drivers the best prices and services possible along the way.”

The report stresses that extending the monopoly position of utilities into the EV charging sector would hurt the EV charging public and, by extension, the overall effort to electrify transportation.

Frank Lacey, a co-author, emphasises a key finding in the study: “Regulators should proclaim EV charging to be a competitive service and then focus on policies to support the development of the charging network. Competition in charging will lead to the best results for the build-out of EV charging, for consumer pricing of electricity, and for service of EV drivers. The time to make these policy choices is now, before charging becomes monopolised.”

The report makes the following recommendations:

Regulated Rate Policies – Regulators need to consider the impact of regulated rates and rate design on EV charging stations and station owners.

Utility Ownership – Regulators should ban or disfavor utility ownership of charging stations.

Distribution Planning – Regulators should support an increased focus on planning using state-of-the-art tools and should allow for proactive, rather than reactive, development of the distribution systems.

Interconnection Policies – Regulators should support the development of dedicated interconnection personnel, work with utilities to standardise and streamline timelines and processes, allow more flexible policies with respect to inventory and supply chain issues, and ensure that nonutility owners of charging stations receive fair and equal service from the utility when developing charging stations.

Private Sector Access – Regulators should work with utilities to develop, train, and certify third parties to work with private investors to build out the distribution network, where feasible.

Cost Allocation – Regulators should create cost-allocation policies fair to all parties to recover the costs of developing the infrastructure required for robust EV charging.

Meeting Public Need at the Lowest Cost – If a public need arises, regulators should look for solutions other than a utility to meet the need.

Divestiture of utility-owned charging stations – Regulators should have utilities sell any utility-owned EV charging stations to nonutility entities.

The report was sponsored by the National Association of Convenience Stores (NACS), which represents a business sector with considerable investment in robust distribution and service networks designed to meet the motoring public’s needs. Convenience stores sell an estimated 80 percent of the fuels purchased by drivers.

For additional information:

Grid Strategies

Report: “Serving Customers Best: The Benefits of Competitive Electric Vehicle Charging Stations.”

Vietnam’s human rights record is being scrutinized ahead of $15 billion climate deal

May 26, 20235:06 AM ET

By Michael Copley NPR

Wealthy countries and investors are planning to give Vietnam billions of dollars to help it transition from coal to renewable energy. But the climate deal has come under fire because of Vietnam’s record on human rights.

STR/AFP via Getty Images

Vietnam is set to get billions of dollars from wealthy countries and investors over the next few years to help it move from coal to renewable energy. The goal is to fight climate change while boosting the country’s economic development.

The money — at least $15.5 billion — was promised after climate activists in Vietnam pushed the government to commit to eliminating or offsetting the country’s carbon dioxide emissions by midcentury. The United States and other backers of the funding plan, known as the Just Energy Transition Partnership (JETP), say that kind of advocacy is critical for making sure the benefits of the climate deal are widely shared in Vietnam.

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Phở, bún Việt vào danh sách ‘bị theo dõi’ ở châu Âu

12/04/2023 | 18:55

TPO Ngày 12/4, Thương vụ Việt Nam tại Bỉ và EU cho biết đã đưa ra cảnh báo với các doanh nghiệp sản xuất liên quan đến việc Ủy ban châu Âu (EC) đang lập hồ sơ theo dõi dư lượng 2-chloroethanol (dư lượng thuốc trừ sâu) có trong sản phẩm bún, phở, bánh đa nhập khẩu từ Việt Nam. Nếu doanh nghiệp Việt Nam không quản lý tốt dư lượng này thì có khả năng EC sẽ đưa các sản phẩm vào diện kiểm tra an toàn thực phẩm như đang áp dụng với mỳ ăn liền.

Phở, bún, bánh đa Việt Nam lại vào danh sách bị EC theo dõi hàm lượng thuốc trừ sâu.

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Tàu Hướng Dương Hồng 10 của Trung Quốc vi phạm vùng biển Việt Nam: Ý đồ và Hậu quả quốc tế

Nghiencuubiendong – 26/05/2023

Trả lời câu hỏi phóng viên chiều ngày 25/5/2023, Phó Phát ngôn Bộ Ngoại giao Việt Nam Phạm Thu Hằng cho biết, tàu khảo sát Hướng Dương Hồng 10 (XYH-10) của Trung Quốc cùng một số tàu hải cảnh, tàu cá bảo vệ đã xâm phạm vùng đặc quyền kinh tế của Việt Nam được xác lập phù hợp với các quy định của Công ước Liên Hiệp Quốc về Luật biển năm 1982. Trước đó, theo tin từ Reuters, tàu XYH-10 cùng loạt tàu hộ tống đã xuất hiện tại vùng đặc quyền kinh tế của Việt Nam từ ngày 8/5.    

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Ý kiến của một người làm điện ảnh về việc phục dựng hệ thống thủy văn ‘Thành Cổ Loa’


TS. toán học Nguyễn Ngọc Chu vừa có bài viết rất đáng chú ý: KHÔNG NÊN PHỤC DỰNG TOÀN BỘ HỆ THỐNG THUỶ VĂN ‘THÀNH CỔ LOA’ (, ông cho biết: “Nghe tin UBND TP. Hà Nội chủ trương lập dự án “Bảo tồn phục dựng hào, hệ thống thủy văn tại Khu di tích Cổ Loa” với chi phí 1.480 tỉ đồng mà lo sợ; và ông quả quyết : “Không thể tái tạo lại toàn bộ ‘Thành Cổ Loa’ vì không có đủ dữ liệu lịch sử tường minh. Đến nhà nghiên cứu ‘Thành Cổ Loa’ còn chưa phân biệt được rõ ràng: “ Ở hào rất khó phân biệt giai đoạn, nhưng nó có cả di tích cả hiện vật thời An Dương Vương (đá và ngói), có cả di tích thời Hán và sau Hán…” thì làm sao có thể khẳng định di tích được phục dựng đúng? (…). Càng không nên phục dựng toàn bộ hệ thống thuỷ văn ‘Thành Cổ Loa’ vì tốn kém và vô nghĩa. Không nói về mặt chưa chính xác về lịch sử, thì việc tái tạo toàn bộ hệ thống thuỷ văn ‘Cổ Loa Thành’ không tạo nên sự kỳ vỹ của một “đại quốc” trong quá khứ, mà có thể có hiệu ứng ngược lại về “chiến luỹ” của một “tiểu cát cứ”. Thành quách, chiến hào, kênh mương bảo vệ ‘Thành Cổ Loa’có thể lớn cho triều đại cách đây vài ngàn năm, nhưng lại bé nhỏ thô sơ trong con mắt người đương đại. Đã là di tích lịch sử thì không thể phóng đại. Nên không thể phóng tác ‘Thành Cổ Loa’ thành pháo đài hùng vĩ như phim trường”.

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Tiền xu “mất tích” trong tiêu dùng, vì sao?

Thứ năm, 05/12/2013 11:52 (GMT+7)

Đến nay, không ít gia đình ở Việt Nam chắc vẫn còn vài đồng tiền kim loại (phát hành năm 2003) vương vãi đâu đó trong nhà. Nhưng ngoài lưu thông, đồng tiền kim loại đã vắng bóng hoàn toàn trong các giao dịch tiền mặt. Ứng xử với tiền kim loại thế nào vẫn là câu chuyện còn bỏ ngỏ.

Tiền xu “mất tích” trong tiêu dùng, vì sao?

Bài 1: Tại sao tiền xu không được ưa chuộng? 

Tuy vẫn còn nguyên giá trị lưu hành như những đồng tiền giấy, nhưng hiện nay, tiền xu đang bị “phân biệt đối xử” một cách thậm tệ trong lưu thông. Trong vai những người đi mua hàng, PV Báo Lao Động đã nhận được phản ứng của các hộ kinh doanh, các siêu thị, các trung tâm thương mại về chuyện phân biệt đối xử với loại đồng tiền này.

Không còn chấp nhận tiền xu
Dư luận về việc phân biệt đối xử với tiền xu thì đã nhiều, để chứng minh đó là sự thật, trong vai người cần đổi một ít tiền giấy sang tiền kim loại mệnh giá 2.000đ và 5.000đ, PV Báo Lao Động vào siêu thị Maxximart trên đường 3 Tháng 2 (quận 10, TPHCM) để đổi.

Tiếp tục đọc “Tiền xu “mất tích” trong tiêu dùng, vì sao?”

Philippines-Vietnam teaming up on China in South China Sea

Marcos Jr-Chinh reviving dormant de facto alliance to check, balance and challenge China in disputed and militarized waters


Philippine President Ferdinand Marcos Jr and Vietnamese Prime Minister Pham Minh Chinh are in a strategic embrace. Image: Facebook

MANILA – Philippine President Ferdinand Marcos Jr has not only revitalized defense ties with traditional Western allies but has also doubled down on strategic cooperation with like-minded regional states pushing back against China’s South China Sea assertiveness.

In particular, Vietnam has emerged as a pivotal player in the Philippines’ emerging regional strategy to constrain and roll back China’s ambitions in the hotly contested and geostrategically crucial maritime area.

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