VinFast founder launches global EV charging station company

Hanoi: Pham Nhat Vuong, Chairman of Vingroup and founder of Vietnamese electric vehicle maker VinFast, on March 18 announced the establishment of V-Green Global Charging Station Development Company (V-Green). V-Green's mission is to invest in the development of a charging infrastructure system that provide maximum support for VinFast to expand globally and propel Vietnam towards becoming one of the world's leaders in electric vehicle charging station density. V-Green, of which Vuong holds a 90% stake, will operate as a global partner, spearheading the creation of a comprehensive charging network. This move will allow V-Green to focus solely on infrastructure investment independently from VinFast, and enable the Vietnamese electric manufacturer to prioritise market expansion and sustainable development. With its goal of developing a green ecosystem and contributing to the electric vehicle transition, V-Green will seek better access to and mobilise capital with preferential interest rates, thereby fuelling VinFast's rapid expansion into international markets. In the initial phase, V-Green will directly search for land and partners to establish and expand its charging network in key markets around the world. It will also cooperate with other charging companies to provide charging services to VinFast electric vehicle owners. In Vietnam, V-Green will be responsible for operating and managing VinFast's existing charging network. It will additionally invest 10 trillion VND (about 404 million USD) over the next two years to build new stations, upgrade and complete its existing network. With this threefold increase in infrastructure investment compared to VinFast's initial plan, V-Green aims to establish charging stations nationwide and make Vietnam one of the world's leading countries in charging infrastructure for electric vehicles. After about five years of operation, depending on each market and actual fundraising capacity, V-Green may consider expanding charging services to other EV manufacturers in addition t o VinFast. The decision by VinFast's Founder to establish V-Green is a strategic step to globally support and promote VinFast's sustainable development, said Nguyen Duc Thanh, Chief Executive Officer of V-Green. VinFast is expected to expand its operation to at least 50 countries around the world in 2024. In addition to key markets like the US, Canada, and Europe, the company is also entering into neighbouring Asian countries such as India, Indonesia, Thailand, and the Philippines as well as the Middle East and Africa./. Source: Vietnam News Agency

Warning No. 3 Summer storm, rain – strong wind 19-20 Mar.

Bangkok, The Meteorological Department issued a summer storm warning, No. 3, showing thunderstorms, strong winds, and hail in some places during March 19-20, 2024. Meteorological Department announcement regarding summer storms in Thailand, No. 3 (62/2024), affecting the period 19-20 March 2024. During 19-20 March 2024, the high pressure area or moderate cold air mass from China will spread to cover upper Thailand and the South China Sea. While upper Thailand has hot to very hot weather. This characteristic causes summer storms to occur in Thailand in the first phase. It is characterized by thunderstorms, strong winds and hail in some places. Including the possibility of lightning occurring in some areas. After that the temperature will drop. Therefore, people in the area are asked to be careful of the dangers from summer storms that may occur. By avoiding being in the open air. under the big tree Unhealthy buildings and billboards Including taking care of your health due to the changing weather conditions. For farmers, they should prepare to prevent and be careful of damage to agricultural products and danger to pets. Provinces expected to be affected are as follows: March 19, 2024 Northern region: Chiang Rai, Lamphun, Lampang, Phayao, Nan, Phrae, Sukhothai, Uttaradit, Kamphaeng Phet, Phitsanulok, Phichit and Phetchabun. Northeastern region: Loei, Nong Khai, Bueng Kan, Nong Bua Lamphu, Udon Thani, Sakon Nakhon, Nakhon Phanom, Chaiyaphum, Khon Kaen, Kalasin, Mukdahan, Maha Sarakham, Roi Et, Yasothon, Nakhon Ratchasima. Come to Buriram, Surin, Central Region: Nakhon Sawan Province, Uthai Thani, Chainat, Lopburi, Saraburi, Singburi. Ang Thong, Phra Nakhon Si Ayutthaya, Suphanburi, Kanchanaburi, Ratchaburi, Nakhon Pathom, Samut Sakhon and Samut Songkhram Including Bangkok and surrounding areas. Eastern region: Nakhon Nayok, Prachinburi, Sa Kaeo, Chachoengsao, Chonburi, Rayong, Chanthaburi and Trat provinces. March 20, 2024 Northern region: Mae Hong Son, Chiang Mai, Sukhothai, Kamphaeng Phet, Phichit, Phitsa nulok and Tak provinces. Central region: Nakhon Sawan, Uthai Thani, Chainat, Kanchanaburi, Suphan Buri, Ratchaburi, Nakhon Pathom, Samut Sakhon and Samut Songkhram provinces. Southern region: Phetchaburi province. and Prachuap Khiri Khan Source: Thai News Agency

Netherlands ready to assist Vietnam in sustainable sand mining, water management

Hanoi: Minister of Natural Resources and Environment Dang Quoc Khanh on March 18 had a working session with visiting Dutch Minister of Infrastructure and Water Management Mark Harbers, who expressed his country's readiness to assist Vietnam in offshore sand mining, groundwater management, and mineral exploitation. Harbers spoke highly of the active moves by the Vietnamese Ministry of Natural Resources and Environment (MoNRE) to protect the environment, especially nature-based solutions for climate change adaptation. He shared opinions about the cooperation programmes on sustainable offshore sand mining, sustainable groundwater management in the Mekong Delta, the exploitation of essential minerals, and activities at the International Panel on Deltas, Coastal Areas and Islands. These are strengths of the Netherlands, and it is ready to assist and share its policies, experience, techniques, and financial solutions with Vietnam, the minister stressed. With regard to sustainable offshore sand mining, Khanh agr eed with his guest on the need to quickly issue guidance for the projects on seeking offshore sand sources. Talking about sustainable groundwater management in the Mekong Delta, he noted that the geographical location has made this region vulnerable to climate change and extreme weather conditions. Given this, the MoNRE hopes to receive assistance and experience from the Netherlands to devise water storage solutions to help solve water excess in the flood season and water scarcity in the dry season there, thus balancing water resources and boost sustainable development in the Delta. In terms of activities at the International Panel on Deltas, Coastal Areas and Islands, the Vietnamese minister considered this as a good platform for sharing knowledge about climate change adaptation. The MoNRE's Department of Climate Change, Department of Water Resources Management, and Vietnam National Mekong Committee Standing Office will coordinate with the Netherlands to work out proposals for improving the national capac ity to make use of water resources amid climate change and give livelihood support to residents in the Delta, he added. At the meeting, the two ministers also discussed the building of a programme marking the 15th founding anniversary of the framework on climate change adaptation and water resources management between the two countries. They said this is an occasion for countries in the region and the world to learn about the two sides' efforts to comply with international commitments on climate change response./. Source: Vietnam News Agency

The Prime Minister promises to develop border checkpoints to support trade expansion.

Phayao, The Prime Minister promises to lead the matter of expanding the permanent Ban Huak checkpoint - canceling the forest reserve, expanding the road with 4 traffic lanes, to the Cabinet to support the expansion of Thai-Lao border trade. I believe good things will happen. With the people of Phayao after "Capt. Thammanat" pushed for a Cabinet meeting while the villagers who came to welcome them said they wanted ten thousand baht from the Prime Minister. Mr. Settha Thavisin, Prime Minister and Minister of Finance Addressing the people and officials waiting to welcome him while monitoring the border trade situation and the development of the construction area for the CIQ border checkpoint at the Ban Huak permanent border crossing point, Phu Sang Subdistrict, Phu Sang District, Phayao Province, with Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, Mr. Suriya Juangroongruangkit. Minister of Transport, Mrs. Monporn Charoensri, Deputy Minister of Transport, joined the group saying that they are glad to be here today. Thank you Capt. Thammanat Phromphao, Minister of Agriculture and Cooperatives. and Chairman of the Government Whip who helped organize the event today He has long known the potential for trading in Phayao Province at the checkpoint that has connections to the Lao PDR and on to China. It is considered a strategic point. Currently, there are economic animals, namely cattle. which has a lot of demand in China which trading was difficult in the past Because they must be imported into quarantine in Lao PDR, but this government through the Ministry of Foreign Affairs has already negotiated with China to build a quarantine checkpoint within Thailand. This has improved the export of cattle to China. There is a demand for hundreds of thousands of cattle. which is an important strategic point There will be a cabinet meeting tomorrow. It was the first time in Phayao Province, with Capt. Thammanat being the person who pushed for the meeting. The Cabinet therefore believes that many good th ings will happen to the people of Phayao. For example, excluding reserved forest areas to build a 4-lane road to allow for better expansion of cross-border trade. is the starting point which he believes will be trade for Thailand, especially the gross product of Phayao Province has increased by several hundred billion along with a promise to do it as quickly as possible To support the expansion of Thai-Lao border trade. The Prime Minister received a bag along with a bag from the villagers of Phu Sang District and the Tai Lue people of 12? Panna, Chiang Kham District, who came to welcome him. The villagers asked them to think of the people of Phayao as well. Capt. Thammanat asked the people whether they love the Prime Minister or not. The villagers answered in unison, "I love you," while Mr. Wisut Thainarun S. Pheu Thai Party list as government whip president He told the people that if they want something, they should tell the Prime Minister. So the villagers answered the Prime Minister. I immediately said th at I wanted ten thousand baht. Source: Thai News Agency

Vietnamese, US universities seal training cooperation deal

Hanoi: The Hanoi-based National Economic University (NEU) and the US's Andrews University are set to team up in a four-year business administration bachelor's programme. At a ceremony held in Hanoi on March 18 to exchange cooperation documents between the two sides, Assoc. Prof. Dr Le Trung Thanh, Dean of the NEU's International School of Management and Economics, said the programme focuses on international business and contributes to enhancing both universities' training reputation and quality, and fostering Vietnam's global integration. It is designed to be taught at the NEU in a period of 4 years, with Bachelor's degrees conferred by the Andrews University. Featuring a one-week immersion at the Andrews University, the programme consists of 124 credits, with the NEU and its US partner responsible for 64 and 60 credits, respectively. Participating students can transfer to the US establishment for their third academic year with a maximum tuition support of up to 50%. According to Thanh, previously, the NEU primarily collaborated with universities in the UK. This teamwork marks one of the first initiatives to expand collaboration with its peers in the US, he noted./. Source: Vietnam News Agency

Government Savings Bank promotes Green Bond

Bangkok, Government Savings Bank continues to promote Green Bond, supporting fundraising for the environment, winning 3 big awards from domestic and international stages. Miss Paphakorn Rattanasetha, Deputy Director of Government Savings Bank Investment and Financial Management Group received the 'SOE Bond Contributor' and 'State Owned Enterprise ESG Bond of the Year' awards at the Best Bond Awards 2023: ThaiBMA Best Bond Awards 2023, which the Thai Bond Market Association held at the hotel. Siam Kempinski Bangkok to honor organizations and personnel who have outstanding performance in bond transactions. The 'SOE Bond Contributor' award is given to financial institutions that have allocated and distributed state enterprise bonds. The Ministry of Finance supplies all models in the first market. highest in fiscal year 2023 Government Savings Bank also received the 'State Owned Enterprise ESG Bond of the Year' award, which is an award given to state enterprise debt instruments. Issued under the Green, Social, Sustainable Financing Framework, which is accepted and responds to the needs of investors. As the underwriter of environmental conservation bonds of the Export-Import Bank of Thailand No. 1/2023 In addition, the bank received the "Best Green Bond - Sustainable Finance" award from the global stage, The Asset Triple A Awards 2024, organized by The Asset, Asia's leading financial magazine. that focuses on excellence in financial operations and investments, with the Government Savings Bank and Bank of Ayudhya Public Company Limited participating in the role of "Green Structuring Advisor, Bookrunner and Lead Manager" as underwriters of bonds for environmental conservation or Green Bond of Export-Import Bank of Thailand (EXIM BANK) for the second year in a row after successfully issuing and offering green bonds for the first time in 2022. This time, Green Bond is being issued to investors. Establishing a group of SMEs for the first time as a source of funding to support loans for clean energy projects that bring m oney to implement projects related to environmental conservation, such as renewable energy projects from Solar Power, etc., by Fitch Ratings (Thailand) Company Limited. Credit rating at "AAA" level, "stable" trend, offering value 3,500 million baht, 3-year term, interest rate 2.71% per year, and offered for sale on June 6, 2023 to institutional investors and large investors. Source: Thai News Agency

Vietnam Innovation Challenge 2024 announced

Hanoi: The Ministry of Planning and Investment, the National Innovation Centre and US tech giant Meta Group announced the Vietnam Innovation Challenge (VIC) 2024 in Hanoi on March 18, aiming to seek innovative solutions from domestic and international organisations and individuals to develop Vietnam's semiconductor industry. Speaking at the press conference to announce the event, Deputy Minister of Planning and Investment Tran Duy Dong said Vietnam has risen as a potential factor in the semiconductor industry with its strategic location, developing digital infrastructure and a wealth of young and creative workforce. Vietnam's semiconductor industry is expected to grow more than 6% during in the 2022-2027 period, Dong quoted forecasts from the Southeast Asia Semiconductor Association (SEMI SEA). According to Director of Public Policy for Southeast and South Asia at Meta Group Rafael Frankel, VIC 2024 will create a playground that helps promote initiatives and capitalise on all opportunities to improve Vietn am's integration into the global technology sector. Themed 'Innovation to Accelerate the Semiconductor Industry and AI to Go Global', the event aims to honour solutions that improve the quality of the semiconductor value chain's design, packaging and testing phases, with priority given to AI applications, and those applying AI technology to support business building and development and improve productivity. VIC 2024 is designed to promote collaborative thinking, attract resources, and establish a multilateral cooperation platform to create a launching pad for Vietnamese businesses to enhance value and elevate their position within the global value chain. By seeking out and honoring solutions, the programme will contribute to the overarching goal of raising awareness about the importance and value of the semiconductor and AI industries. It will recommend and connect Vietnamese enterprises with solutions that upgrade and improve business operations, enhance efficiency, and develop new products and services t o increase their competitive edge in the global market. The event, which runs until October this year, will provide a total prize pool of 300,000 USD for chosen innovative solutions. The winners will also be given a privilege support package, including technical support to survey foreign markets, co-working space and laboratories, along with opportunities to expand markets and promote their brands./. Source: Vietnam News Agency

Ministry of Transport follows the progress of the construction of the Doi Luang railway tunnel.

Chiang Rai, Mr. Suraphong Piyachote, Deputy Minister of Transport. Visited the area of ??Chiang Rai province Check the progress of the construction of the Doi Luang railway tunnel. Accelerate all projects to be completed and open for service in 2028, increasing the quality of the Thai transportation network. Mr. Suraphong, the inspector, said that he had gone to check on the progress of the construction of the Doi Luang railway tunnel. Under the Den Chai - Chiang Rai - Chiang Khong double track railway project at the Doi Luang railway tunnel construction area. Chiang Rai Province This tunnel is 1 of 4 tunnels under the Den Chai - Chiang Rai - Chiang Khong double track railway project along the route that runs through mountainous areas, consisting of 1. Second Tunnel, Phrae Province, length 1.2 kilometers. 2. Ngao Tunnel, Lampang Province, length 6.2 kilometers. 3. Mae Ka Tunnel, Phayao Province, length 2.7 kilometers. 4. Doi Luang Tunnel. Chiang Rai Province, length 3.4 kilometers, total distance 13.5 kilom eters, of which the Ngao Tunnel is the longest tunnel in Thailand. 'The SRT has been ordered to expedite the completion of various projects as scheduled to increase the efficiency of the rail transport system. Facilitating travel for passengers People can travel easily. It can reduce travel time compared to a car by more than 1-1.30 hours. It is expected to be completed and ready to open for service in 2028,' said Mr. Suraphong. The double-track railway construction project, Den Chai - Chiang Rai - Chiang Khong section, is an infrastructure development project. Transportation in Thailand It starts at Den Chai Station, Phrae Province, heads to the north through 59 sub-districts, 17 districts, 4 provinces, namely Phrae, Lampang, Phayao and ends at the Chiang Khong border checkpoint. Chiang Rai Province has 26 stations and stops, consisting of 4 large stations, 9 small stations, 13 stops, and a container storage and loading area. Loading containers at 1 location at Chiang Khong Station on an area of ??150 rai with a road connecting to the Chiang Khong border. The project has been designed to have a fence along the train route. There is no road intersection. By making bridges for cars to cross and under railway tracks (Overpass/Underpass) including footbridges for pedestrians. and motorcycle roads, a total of 254 points, helping to reduce accidents at level passing areas. Able to maintain speed of the train to be constant It is safe. When construction is complete, the double-track railway from Den Chai - Chiang Rai - Chiang Khong will be a railway line with modern construction technology. It has some of the most beautiful surrounding scenery in the country. and enhance the efficiency of Thailand's transportation network to perfection. Making Thailand step towards being a transportation center. and logistics of ASEAN. Source: Thai News Agency