Finland helps develop smart power grid in Vietnam

The Central Power Corporation and Finland’s ABB Oy Company launched mini Supervisory Control and Data Acquisition (SCADA) system projects in the central and Central Highlands regions.
Finland helps develop smart power grid in Vietnam ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The Central Power Corporation and Finland’s ABB Oy Company launched mini Supervisory Control and Data Acquisition (SCADA) system projects in the central and Central Highlands regions with the aim to develop a smart power grid there.

The introduction of the mini SCADA system in Tam Ky city of central Quang Nam province and Pleiku city of the Central Highlands province of Gia Lai is vital to minimise system faults, reduce the risk of accidents and improve the effectiveness of power supply.

Investment for the two projects totaled around 4.5 million USD.

Deputy Minister of Trade and Industry Hoang Quoc Vuong said that since 2006, with a preferential credit worth 10.5 million EUR (11.5 million USD) from Finland, the Central Power Corporation has built the mini SCADA system in four cities in the central and Central Highlands regions, which have produced positive results.

He expressed his hope that in the time to come, the electricity sector will continue receiving official development assistance (ODA) and preferential credit from the Finnish Government to invest in modernising the national grid in line with a development roadmap of Vietnam’s power system.

According to Finnish Minister for Foreign Trade and Development Lenita Toivakka, the mini SCADA projects in Tam Ky and Pleiku cities will use Finland’s technologies to increase the efficiency and reliability of power supply systems.

A more frequent and stable power supply will help step up economic growth and raise the quality of locals’ living conditions, she added.

Finland has so far provided assistance for approximately 20 projects with a total investment of 57 million EUR in health, environment, clean water and energy in Vietnam.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.