At the meeting with Prime Minister Pham Minh Chinh in Rio de Janeiro, Brazil , Mr. Daniel Lopes, Vice President of FS (Brazil), expressed his company's wish to promote a strategic cooperation with Vietnam on biofuels.

The project expected to generate around 490 million kWh annually.

The two countries also agreed to pursue long-term cooperation in food security, with Vietnam committing to ensure stable rice exports to Malaysia as part of that effort.

In his official dispatch dated July 6, Prime Minister Pham Minh Chinh asks credit institutions to continue cutting costs, streamlining administrative procedures, and accelerating digital transformation to lower lending interest rates and support production and business activities of enterprises and individuals.

The increase mainly driven by price hike of food, electricity and healthcare services.

The heat generated during incineration will be used to produce electricity, with a designed capacity of 12 MW.