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Nga Pham

πŸ‘€ Speaker
120 total appearances
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Appearances Over Time

Podcast Appearances

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah, that's a very, very famous, very common problem, actually, in Hanoi.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Because we have two big lakes in Hanoi.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

It turns so green every summer.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah, and when I was growing up, they used to send lots of workers just to jump in the lakes to clean them.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

I think they have more sophisticated methods, like using chemicals and stuff.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

In Vietnam, we're kind of used to the heat, but you're right, it's very excessive heat at the moment.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

It feels like 46 degrees today.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

The main thing for us now is power cuts because electricity consumption jumps something like 15% and is overwhelmed.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

That's right.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

You know, if I remember right, the late Lee Kuan Yew said that the air con is the greatest invention of all time.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

But air cons can't cope with this heat.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So we suffer from it.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And hospitals actually getting really, really crowded with sick people.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So I think it is a major impact on the society and economy.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

No, I think it's going to last until at least September.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And with El Nino and all that, you know.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Vietnam obviously doesn't produce petrol for electricity, so we have to buy it from outside.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And with this, we're kind of going to pay a lot more for our power.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And that will probably hit people's pockets as well alongside business aspect of that.

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