The conclusion of the draft of the Eighth National Power Master Plan to be submitted soon by the Ministry of Industry and Trade to the Prime Minister includes notable points. They are bigger scale of wind and solar power development, no new coal-fired plants during 2026-2030, elimination of 9.5GW generated from imported coal-fired power plants and delay of 7.6GW of coal-fired power until after 2030-2035, including Quynh Lap 1 and 2 projects whose total capacity is 2,400MW. The southern and central regions will focus on renewable energy and liquefied natural gas (LNG) while imported coal-fired power will be developed mostly in the north. After 2025, power transmission lines from the south central region to the north region will be installed and the transition to sustainable energy will be encouraged. … [Read more...] about Vietnam makes a big push into renewable energy
Good government investments in renewable energy
Investors to explore business opportunities at India – Việt Nam investment forum
The webinar, which will cover Energy, Infrastructure, IT & Technology, and Pharmaceuticals sectors, offers an opportunity for businesses from the two countries to acquire useful information about trade and investment relations between the two sides, and find business opportunities. … [Read more...] about Investors to explore business opportunities at India – Việt Nam investment forum
Private sector development to enhance FDI efficiency
Supporting industries have not yet caught up with the growth and demand of FDI; the protection of the environment from the impact of investment and production activities by FDI enterprises is still under threat and faces insecurity; national defense, economic security and social order are facing negative foreign investment activities; hi-tech attraction is not yet successful; cooperation and alliance between local and FDI enterprises are not close, and possibly non-existent, so to say; and the legal system and policies for investment, business, land and construction are asynchronous and constantly amended and supplemented, eroding the competitiveness of the investment environment. … [Read more...] about Private sector development to enhance FDI efficiency
Vietnam – Rising star in Asia’s shifting supply chains: EIU
A low-cost manufacturing base and internal political stability are among key factors that turns Vietnam into a rising star in the region’s shifting supply chains, the Economist Intelligence Unit (EIU) of the Economist Group stated in its latest report. … [Read more...] about Vietnam – Rising star in Asia’s shifting supply chains: EIU
US won’t impose tariffs or sanctions on Vietnam’s exports
The ministry informed the press that the USTR’s report provided comprehensive information regarding the case, including the reasons for and purposes of the investigation. The report did not mention or recommend imposing tariffs or any sanctions on Vietnam’s exports, the ministry said, noting that the efforts made at all levels, from Government leaders to officials of ministries, sectors, agencies, associations and businesses of both Vietnam and the US have brought about positive outcomes. The ministry, as chair of the Vietnam section in the Vietnam-US Trade and Investment Framework Agreement (TIFA) Council and the agency authorised to work with the US in handling the case, welcomed the conclusion of the USTR’s report. The USTR’s decision has a positive meaning for bilateral trade, Vietnam’s business and investment environment and co-operation between the two countries, the Ministry of Industry and Trade said. According to the ministry, immediately … [Read more...] about US won’t impose tariffs or sanctions on Vietnam’s exports
