Backdoc: » May 18th, 2015, 12:09 am IT'S PARTY TIME!
JUST LIKE EVERYONE WANTING TO GET INTO IRAQ FROM MIDDLE EAST COUNTRIES, WE SEE THE SAME PROCESS OCCURRING IN VIETNAM!
BECAUSE IN BOTH CASES THESE COUNTRIES KNOW WHAT IS COMING AND THE "BING,BAMM,BOOM" THAT IS ABOUT TO HAPPEN IS GOING TO RAISE ALL SHIPS FLOATING IN THOSE TWO REGIONS!!
THEREFORE, EVERYONE WANTS IN WHILE THE GETTING IS GOOD!
IF YOU HAVN'T PICKED UP ON THE PARALLELS BY NOW SOMETHING IS WRONG WITH YOUR DOORBELL! MMMM
DING, DONG, IS ANYONE IN THERE MCFLY? HEE HEEE
SORRY, DING DONG DOC NEEDS SOME SLEEP! LOL
AND THAT IS DEFINITELY IN MY OPINION!
ThunderHawk :ASEAN investors pump $54b into Viet Nam
The Viet Nam-Singapore Industrial Park (VSIP) in the southern province of Binh Duong. As of April 20, ASEAN countries had invested in 2,600 projects in Viet Nam, which cost US$54.43 billion. — Photo baodientu.chinhphu.vn
HA NOI (VNS) — Viet Nam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
As of April 20, ASEAN countries had invested in 2,600 projects in Viet Nam, which were capitalised at US$54.43 billion, the FIA said, adding that the average investment capital per project was $20.9 million.
Singapore took the lead with investments in 1,408 projects worth $33.14 billion, or 60.8 per cent of the total. Malaysia was next with 494 projects valued at $11.9 billion, or 22 per cent, while Thailand ranked third with 389 projects worth $6.8 billion, or 12.4 per cent.
During the reviewed period, the processing and manufacturing sector lured the majority of ASEAN investment with 1,001 projects capitalised at $22.14 billion, or 40.6 per cent of the bloc's total FDI registered in the country. This was followed by the real estate industry with 97 projects worth $16.6 billion or 30.5 per cent, and the construction sector with 174 projects worth $3.23 billion or 5.9 per cent.
Further, the ASEAN community invested in 56 cities and provinces. HCM City placed first in attracting ASEAN investments with 1,122 projects with capital totaling $15.04 billion, followed by Ha Noi with 413 projects worth $8.55 billion and Ba Ria-Vung Tau Province with 67 projects worth $6.19 billion. — VNS
Backdoc: WITH VIETNAMS EMPHASIS ON GOING GREEN WITH MASSIVE WIND FARMS, I HAVE TO SAY, I FEEL THE WINDS OF CHANGE, OH YA I FEEL THE LOVE BABY!!
AND THAT'S NOT JUST A LOT OF HOT AIR!
ThunderHawk » May 18th, 2015, 12:05 am
VIETNAM: GE committed to winds of change
As a leading US firm that has built up its sterling reputation in Vietnam’s renewable energy sector over the last 20 years, GE is keen on playing a role in developing Vietnam’s wind power as a reliable energy source that can be connected to the national grid. Peter Cowling, general manager of GE Renewable Asia-Pacific spoke with VIR about Vietnam’s wind power potential and GE’s long-term co-operation with domestic firms in this field.
What is your assessment of the wind power industry in Vietnam?
It’s got enormous potential because Vietnam has huge wind resources. In the long term, wind energy will be cheaper than most forms of fossil-fuel power, and has the added benefit of a zero carbon footprint. One short-term challenge that we encountered during the first project was a lack of qualified human resources – it’s a rapid learning curve. Another challenge in Vietnam is that the feed-in tariff is a little bit too low. We need to see that improved.
We also need to see a proper finance-raising mechanism put in place so it is possible for international investors to finance their projects. Vietnam will need a lot of assistance in providing capital. In terms of the law and policies related to wind energy, I think broadly it is acceptable. It is really the tariff price that needs to be addressed.
Furthermore, there are many wind farms in Vietnam, and the strong power grid in the country is ready to include wind power.
In short, what we really need is the right financial provisions to be put in place; so we need a better feed-in tariff and we also need security behind the purchase agreements for electricity. When that happens, many more wind farms can be set up across Vietnam.
As a big player in Vietnam’s wind power sector, GE has provided 62 wind turbines in total for two phases of the Bac Lieu wind power project in the Mekong Delta, and was recently chosen as the provider of 14 turbines in Phase I of the Tay Nguyen wind farm project in the Central Highlands. What is the long-term goal of GE Energy in Vietnam in the future?
We would like to be a long-term supplier and manufacturer since we have a large factory in Vietnam. GE is producing generators and many hi-tech electrical components from our $110 million plant in Haiphong. We hope to continue expanding our business in the country as the industry expands globally. We export wind turbine products from our factory here all over the world.
We are also seeking Vietnamese companies to help maintain the turbines. Finally, we want to be an investor. We are keen to find opportunities to invest in Vietnamese wind farms.
In Vietnam, we would like to install more wind turbines. We expect it to be a massive market in the future as Vietnam has some of the best potential for wind power in all of Southeast Asia.
How do you evaluate GE’s co-operation with the Vietnamese government and businesses?
We have recently concluded our case study in Vietnam. Our electrical experts in New York have completed a detailed study on the integration of wind turbines into the grid, which will be submitted to the government for assessment before it is released. In the US, GE installs around 3,000 MW of wind turbines every year. It is a lot more than what we have done so far in Vietnam, so we can draw on that experience.
When GE looks for a new project to invest in, we pay attention to the quality of wind resources, like the strength of the wind and the durability of the connection. The other important factor is related to financial agreements, so we need to know that the power purchase agreement will be honoured over the years to come. If this can be secured, we can raise the finance; this is an important factor wherever we go in the world.
Whether at the turbine, plant, or grid level, GE is committed to our customers’ success in wind power. GE’s strategic moves are rooted in three key customer-focused goals.
These pillars drive our decisions and business direction, including the right products for the site, service solutions to run the plant most efficiently, and technology investments to position wind as a mainstream power source.
GE is also committed to making wind mainstream and enabling our customers to operate their wind farms like a conventional power plant, providing a stable flow of electricity to the grid.
We are contributing to the future of the wind industry here, and are continually making investments in wind turbine technology to lower the cost of wind energy, and ensure its long-term competitiveness.
Thunderhawk » May 17th, 2015, The rich in Vietnam surprise the world
VietNamNet Bridge – Rich Vietnamese are becoming better known in the world for the way they spend money.
In the past several years, some Vietnamese have been named on the list of the richest men in the world.
According to "Billionaire Census 2014" by Wealth-X and UBS (Swiss bank), in 2014 Vietnam continued to be on the list of 14 countries in Asia with USD billionaires. In 2014, the number of USD billionaires in Vietnam increased from one to two, and their total assets rose from $1 to $3 billion.
Compared with other countries in the region, the number of USD billionaires in Vietnam remains modest. However, in the world’s super-rich map, Vietnam has made considerable progress.
This report does not disclose the names of the 2 USD billionaires of Vietnam but one of them was identified as Pham Nhat Vuong, the chairman of Vingroup, a big real estate group in Vietnam. He is also the sole representative of Vietnam on the list of billionaires by Forbes magazine.
According to the report, in 2014 Vietnam had 210 super-rich people, whose assets were over $30 million/ person. The total assets of this group were $20 billion, much higher than 115 millionaires and about $13 billion in 2011.
The Knight Frank Wealth Report 2015 said that the number of super-rich people in Vietnam will double to 300 in 2024.
Rich Vietnamese are on the world's super-rich map. And the appearance of the super-rich class has encouraged the inflow of luxury goods into Vietnam, such as yachts, airplanes, Rolls Royce, LV, Hermes products, and more.
Previously, Vietnamese people had to import cars at very high prices but now they can order from local showrooms, with softer maintenance charges.
The luxury car brands in Vietnam have reported positive figures. Mercedes Benz - which entered Vietnam 20 years ago - sold 1,106 vehicles in the first half of 2014, up 70% compared to the same period in 2013.
Daimler has just resumed the brand Mercedes-Maybach recently and launched the model S600 at the price of $451,850. According to the latest information, of the 50 Mercedes-Maybach S600 manufactured for the global market in 2015, Vietnamese clients booked 10.
Like China, the super-rich class in Vietnam is constantly looking for opportunities to invest their money and to spend money.
While the purchasing power of young Vietnamese people is increasing, the volume of alcohol consumed is also on the rise. Vietnam also leads Southeast Asia in the consumption of alcohol, with spending of $3 billion per year.
Vietnam is the seventh largest gold consumer in the world, especially jewelry, diamonds, and precious stones. Jewelry trade value reached $519 million last year, exceeding several other Asian countries with higher per capita GDP, such as Thailand and South Korea, with $250 million and $382 million.