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Minister of Industry and Trade Nguyen Hong Dien has requested that investors of natural gas-fired power projects submit, by June 30th, their commitment reports to the relevant authorities. These reports should detail the project's progress, with the ultimate goal of commencing commercial power generation before 2029.
Lacking the capacity to participate in the bidding process, Gene Viet Company agreed to use Viet A Company's legal entity (in which Viet A Company holds 10% of the capital in Gene Viet) as a representative for the consortium and to carry out bidding activities for the first phase of the project with AIC Company.
In response to the recent hundred-billion-dong financial scandal that has shaken Phu Quoc, the Kien Giang Provincial Police Investigation Agency has made the decision to initiate legal proceedings and investigate the matter as a case of "fraudulent appropriation of property."
In May, the total trade turnover of goods was estimated at 66.62 billion USD, up 9.1% from the previous month and a significant 22.6% increase year-on-year. For the first five months of 2024, the total trade turnover of goods reached 305.53 billion USD, a 16.6% surge compared to the same period last year. This included a 15.2% increase in exports and an 18.2% rise in imports. The trade balance posted a surplus of 8.01 billion USD.
The Vietnam Electricity Group (EVN) refutes the information that "Vietnamese authorities are calling on some businesses in the North to voluntarily reduce their electricity consumption by 30%." This claim is inaccurate and misleading.
The leadership of Ho Chi Minh City reaffirms its commitment to standing alongside and facilitating South Korean businesses wishing to invest and operate within the metropolis.
In relation to the misconduct during the land reclamation and resettlement process in the area, the Chairman of the People's Committee of Cua Lo town and several officials have been prosecuted and detained.
According to the Ho Chi Minh City Statistics Office, the industrial production index (IIP) for the first five months of 2024 continued to grow by 5.3% year-on-year. This marks the highest increase in the past three years, with a 3.7% rise in the same period in 2022 and a 1.4% increase in 2023. The significant growth indicates a notable recovery in industrial production activities.
At the National Assembly meeting on the afternoon of May 25, 2024, delegates raised concerns and challenges faced in the implementation process of Resolution No. 43/2022/QH15, dated January 11, 2022, on fiscal and monetary policies to support the economic and social recovery and development program.
A former secretary of the Lao Cai Party Committee, Nguyen Van Vinh, has been sentenced to 5 years and 6 months in prison for signing numerous documents and investment certificates beyond his authority. This unauthorized action enabled Lilama Trading and Construction Limited Company to exploit millions of tons of apatite ore.