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“We can see that in January local and foreign investors are showing strong confidence in the economic outlook. Ho Chi Minh City has seen a $1 billion-registered project. In the northern province of Hai Duong, there have been solutions for developing supporting industries for big groups,” he said. “In 2019, the country’s total foreign direct investment (FDI) reached a record level and more new enterprises were established.” … [Read more...] about Government retaining prudent stance over 2020 growth targets

Hanoi (VNA) – Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, according to a survey by international consulting firm Grant Thornton, but the development of such projects has been hampered by a number of challenges. The renewable energy sector jumped from the 10th spot in the same survey in 2018 to the third last year, after fintech and education. Vietnam’s rising demand for power is drawing more foreign investors into the green energy industry. Singapore-based Enterprize Energy has been developing a 3,400MW Ke Ga offshore wind power farm on an area of about 2,000 sq.km, 20 km offshore Ke Ga Cape in the south central province of Binh Thuan. The project is estimated to cost roughly 10 billion USD. Enterprize Energy founder and chairman Ian Hatton said the project’s main challenge will be the selling price of the wind power. In September 2018, Vietnam introduced a 20-year feed-in-tariff (FIT) for offshore wind projects, … [Read more...] about Challenges hinder development of renewable energy

For example, the ODA from the International Development Association, which is part of the World Bank, for Vietnam ended in 2017, while preferential ODA for Vietnam from the Asian Development Fund, which provides grants to the ADB’s lower-income developing member countries, ceased earlier this year. … [Read more...] about Building on the nation’s green strategies via international co-operation