Daily News 31 May 2023

Welcome to Vietnam Untold! Today, we are bringing you some of the most exciting news from around Vietnam.

List today news:

  1. Vietnam-China Naval Diplomacy: Chinese Navy Training Ship Visits Da Nang
  2. VinFast Set to Launch Super Compact Electric Cars
  3. Unconventional Rural Life in Vietnam: Earning a living by collecting dry grass under 40°C temperature
  4. Insufficient Power Supply in Vietnam: Vietnam officially imports electricity from China
  5. Current Employment Situation in Vietnam: 5,700 Vietnamese workers face contract termination at PouYuen company

First, let’s start with the visit of a Chinese vessel to Da Nang.

News #1 Vietnam-China Naval Diplomacy: Chinese Navy Training Ship Visits Da Nang

The most advanced Chinese training ship, Tuo Keqiang number 83, has arrived in Da Nang, Vietnam, marking the start of its friendly visit. On the morning of May 23rd, the ship, carrying 476 officers, sailors, and trainees, docked at Tien Sa Port.

During their visit, the crew of Tuo Keqiang has planned a series of courtesy visits to city leaders, as well as the Naval Region 3 Command and Military Region 5 Command. They will also be hosting a reception and participating in cultural exchange activities. The highlight of their visit will be a joint training session with the Naval Region 3 Command, further strengthening cooperation and fostering friendship between the two navies.

Tuo Keqiang, launched in 2017, is the latest training ship of the Chinese Navy. With a length of 163 meters, a width of 22 meters, a displacement of over 9,000 tons, and a speed of 40 km/h, the ship can accommodate more than 400 personnel.

Now is a breaking news about VinFast, the renowned Vietnamese automotive company,

News #2 VinFast Set to Launch Super Compact Electric Cars

As it has announced its plans to enter the super compact electric car market, which is currently dominated by Chinese brands like the Wuling Hongguang Mini EV.

Chairman Pham Nhat Vuong revealed that these ultra-small vehicles will cater to various market segments, providing affordable and efficient transportation options.

Currently, VinFast’s electric vehicle lineup includes the VF 5, their smallest model, priced between 20,000 and 24,000 US dollars. While specific details are yet to be unveiled, VinFast aims to introduce their new model, tentatively named VF 3, by late 2024. This super compact car, comparable to sub-compact models in foreign markets, will offer a cost-effective solution for consumers.

Then we cover the news in Nghe An province.

News #3 Unconventional Rural Life in Vietnam: Earning a living by collecting dry grass under 40°C temperature

Where farmers are braving the sweltering heat as they work tirelessly to meet the surging demand for hay as animal feed. With temperatures reaching 40°C, Mr.

Hoàng Văn Anh, a seasoned hay collector, highlights the increasing need for hay from the expansive livestock farms in the Northern provinces. To ensure a consistent market supply, farmers have invested significantly in hay baling machinery.

Collecting hay is a demanding task, as customers seek dry, golden, and mold-free hay. Despite the challenges, collectors work in the fields from morning till 4 pm, enduring the scorching sun rays. After the winter-spring rice season, the ideal conditions emerge for hay baling, taking advantage of intense sunlight and dry terrain. The harvested hay is carefully sun-dried for 2-3 days before being baled, meeting the exacting demands of customers.

And we also have another news about the shortage of electricity in the northern part of Vietnam.

News #4 Insufficient Power Supply in Vietnam: Vietnam officially imports electricity from China

Vietnam’s power system is facing a critical challenge as the reserve capacity diminishes due to reduced output from hydroelectric and thermal plants. To address this issue, the state-run power utility, EVN, has taken the initiative to import additional electricity from China.

Under the agreement, China will provide Vietnam with a maximum capacity of 70MW and 30 million kWh per month from May to July 2023.

The power will be transmitted to the Mong Cai and Quang Ha substations at 110kV. This arrangement means that Mong Cai City and Hai Ha District in Quang Ninh province will rely on China for electricity, alleviating the pressure on the northern power system.

The contract between the two countries was signed on May 23, and the power transmission commenced on May 24 through the Tham Cau – Mong Cai transmission line.

It’s worth noting that Vietnam had previously imported electricity from China via the same transmission line between 2005 and 2016.

We wrap up our program with bad news of massive layoffs.

News #5 Current Employment Situation in Vietnam: 5,700 Vietnamese workers face contract termination at PouYuen company

PouYuen Vietnam, a shoe manufacturer operating under Taiwan’s Pou Chen Group, is set to downsize its operations in Ho Chi Minh City. After being a significant employer since 1996, with a peak workforce of nearly 90,000 employees, the company is now compelled to downsize due to a lack of orders. This reduction in workforce marks the largest in the company’s history.

The downsizing process will occur in two phases, affecting a total of 4,430 employees. With over 80% of those affected being female, approximately 45% fall within the 21-40 age range, while over 50% are over 40 years old. Notably, around 60% of the workers have served for over 10 years.

Employees who agree to the contract termination will receive severance pay based on their years of service, ranging from 650 to 18,200 US dollars.

Thank you for watching Vietnam Untold. Stay informed, stay connected. We’ll be back tomorrow with more news.