India says oil, gas cooperation with Vietnam in the East Sea will continue | Look At Vietnam

India says oil, gas cooperation with Vietnam in the East Sea will continue 

April 17, 2012

An Vietnamese oil rig in the East Sea

An Indian official has reiterated that India will not step back in face of China’s warnings against its collaboration with Vietnam in exploring oil and gas in the East Sea, the Vietnam News Agency reported Friday.
The East Sea is the world’s property, and no one has right to control it unilaterally, the report quoted Minister of State for Parliamentary Affairs and Planning Ashwani Kumar as saying.
India is fully capable of protecting its financial interests and national strategies, he said.
Earlier, on April 6, Indian External Affairs Minister S. M. Krishna made the same statement about the East Sea, saying that trade-ways must be free of any national interference, the news agency reported

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Last September China warned Indian companies against entering oil and gas agreement with Vietnam in the East Sea, after learning that India planned a project to explore oil in two blocks offshore Vietnam.
In October, Vietnam and India signed an agreement on expanding oil exploration and production in the sea.
Recently China made the same objection after the Vietnam National Oil and Gas Group (PetroVietnam) signed an pact with the Russian energy giant Gazprom to set up a partnership to explore gas in the East Sea on April 5.
In response to China’s comment, Vietnamese Ministry of Foreign Affairs’ spokesman Luong Thanh Nghi on Thursday said all the oil and gas projects that Vietnam is cooperating with foreign partners on are within the country’s sovereign territories and in accordance with international laws.

Thanh Nien News  

Renewable energy in Vietnam

Investing in renewable energy to save power

August 21, 2011  about Uncategorized

LookAtVietnam - Many families and businesses have
started using energy-saving products to cope with the soaring prices of
electricity, petrol, and gas. However, there remain certain snags in developing
renewable energy in Vietnam.

Innovations

Many innovations have been introduced in response to the
energy-saving campaign launched by the Ho Chi Minh City Power Corporation.

The family of Nguyen Thi Ngai in Tan Binh district is one
of 800,000 families in Ho Chi Minh City who can now save nearly VND100,000 a
month after replacing the old incandescent lamps with compact light bulbs. Le
Thi Xuan in District 3 said her family has decided to use a solar-powered water
heater and turn off all light bulbs in the house at peak time in the evening
when necessary.

Nguyen Anh Vu, head of the Public Relations Department of
the HCM City Power Corporation, said his company recently launched a
communication campaign to raise public and business awareness of the need to
save energy and has received a positive response from many families and
businesses in the city.

In the first six month of 2011, the city saved as much as
198.59 million kWh of electricity (85.41 per cent of the annual target). Of the
total, 40.9 million kWh was saved in public lighting (21.6 per cent) 101.7
million kWh in daily lighting (51.2 per cent) and 34.2 million kWh in production
(17.2 per cent).

Hoang Minh Ba, director of the JSC Technical Services
Telecom - TST member Group Posts, says not a few businesses are still using
backward technologies which consume much power.

In addition, power waste in households remains a big
problem as they have no energy-saving equipment.

Challenges

In order to ensure the sustainable development of
businesses and improve their competitive edge, it is imperative for them to use
renewable energy such as wind, solar, and bio energy.

However, the cost of investment in renewable energy
projects is very high beyond the reach of domestic businesses.

Tran Anh Hao from the Ho Chi Minh City Department of
Industry and Trade cites another reason for low foreign investment in such
projects is the low price of electricity in Vietnam.

The department is sponsoring an energy-saving exhibition (Enertec
Expo 2011) in the hope that visitors will be able to gain access to
energy-saving technologies and products and contribute to implementing the
national strategy on energy efficiency and reduction of environmental pollution.

Source: VOV

Comprehensive ties with Egypt get refreshing

A number of accords, including those on oil and gas and tourism, between Vietnam and Egypt were signed at a business forum in Cairo on November 9. The business forum attracted interest from hundreds of leading industrial companies, importers, exporters and goods distributors from the two countries. It was held on the sideline of a two-day meeting opened on the same day by the Vietnam-Egypt Inter-Governmental Committee on Economic, Trade-Investment, Cultural, Educational and Scientific-Technological Cooperation. The meeting recognised major progress made in economic cooperation this year with bilateral trade revenues expected to almost double last year’s figure to 200 million USD. Minister of Industry and Commerce Vu Huy Hoang and Egyptian Minister of International Cooperation Fayz Aboulnaga, who are heads of the respective national sections of the Inter-Governmental Committee, pledged to provide their partners with the best available conditions to fully tap each other’s potential and boost all-round cooperation between the two countries in the years to come. During his stay in Egypt, Hoang, who was a co-chair of the Inter-Governmental meeting, paid a courtesy visit to Egyptian Prime Minister A. M Mohammed Nazif and handed over President Nguyen Minh Triet’s personal letter to President Hosni Mubarak of Egypt. He also met with senior Governmental officials such as the Ministers of International Cooperation, Oil and Gas and Investment, to discuss measures for stronger bilateral cooperation. In all the meetings, the hosts reaffirmed their determination to promote comprehensive cooperation with Vietnam.
(Source: VNA)

Russia signs oil, gas deals with Vietnam

Russia and Vietnam have signed a series of oil and gas deals.The accords were concluded after trade talks in Moscow between President Nguyen Minh Triet of Vietnam, and his Russian counterpart Dmitry Medvedev.Among the deals was an agreement to develop energy fields off the coast of Vietnam.At a joint media conference, Russia's president hailed the growing economic ties between the two countries and said he hoped trade could grow almost seven-fold to 10 billion US dollars in the years to come.
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