Decade long run

Also, the strong emphasis on the rule of origin, which is one of the core conditions for tariff removal, will have a deep and positive impact on Vietnam’s industrial development. In the manufacturing sector today, the country shines by its ability to assemble products with components that are mostly imported. The rule of origin invites companies to invest into a deeper layer of the supply chain – more locally-made materials and components to feed large-scale assembly plants are expected to be developed, allowing Vietnam to be more autonomous and thus resilient. … [Read more...] about EVFTA – for a mutual future beyond tariff elimination

Notably, 10 major power projects were supposed to go into operation from 2016-20 according to the adjusted plan, but they have been delayed beyond 2020. The projects in question are Song Hau 1 (1,200MW), Thai Binh 2 (1,200MW), Long Phu 1 (1,200MW), Na Duong 2 (110MW), Cam Pha 3 ( 440MW), Cong Thanh (600MW). Renewable energy sources (mainly solar power) have grown much faster than their targets thank to the impacts of development incentive policies. … [Read more...] about Viet Nam to face power shortages

A report submitted by the National Assembly's Economic Committee on the current situation and solutions for electricity development towards 2030 to meet the requirements of socio-economic development showed that high economic growth over the past two decades had caused electricity demand to jump. Electricity output increased by about 10 times from 1990 to 2019. … [Read more...] about Vietnam to face power shortages

The representative of the MOIT’s Import-Export Department said Viet Nam has advantages in production and export of agricultural, forestry and aquatic products, while the EU has a large demand for these items that have accounted for 8.4 per cent of total annual import value. This shows great potential in export growth from Viet Nam to the EU. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

Nguyen Hoang Dung, an economist and former R&D director of the HCM City Institute of Economy and Management, said: "It is necessary to analyse the reasons why the recent support packages are difficult to disburse. If the conditions are too difficult, they can be relaxed. If banks or officials in charge of approving applications cause difficulties for businesses, that should be corrected immediately. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13