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The Power Development Master Plan 8 aims to mobilize all domestic and international resources for electricity development, ensuring a sufficient supply of electricity with increasingly high quality and reasonable electricity prices.

Specifically, by 2030, the total installed power capacity of Vietnam will reach 137.2 gigawatts (GWs). Of which, coal-fired thermal power accounts for 26 percent; gas-fired thermal power 21 percent; hydroelectricity 18 percent; wind, solar, and other renewable energy 29 percent. In 2045, the total power capacity will nearly hit 276.7 GWs. Of which, coal-fired thermal power accounts for 18 percent; gas-fired power 24 percent; hydroelectricity 9 percent; wind, solar, and other renewable energy above 44 percent. Through the structure of the power source, it shows that the Power Development Master Plan 8 encourages the development of renewable energy, besides hydroelectricity, from about 13 percent in 2020 to nearly 30 percent in 2030, and 44 percent in 2045.

Contributing opinions to the Draft National Power Development Plan 8, experts said that many economic and technical factors are difficult to determine. For example, the Covid-19 pandemic continues to develop complicatedly, possibly negatively affecting the supply and demand of the energy system in general and the power system in particular. Besides, the boom in investment registration for renewable energy projects, especially solar and wind power, requires a more appropriate approach in planning, designing, investing, and operating the power system. In particular, it is necessary to have a lucid, transparent, objective, and scientific mechanism to encourage the development of renewable energy.

To be able to carry out well the Power Development Master Plan 8 in the current situation, the challenge is that the electricity demand is still growing at a high speed but the primary energy source is increasingly scarce. To ensure electricity supply until 2030, Vietnam is expected to import 1.2 million tons of LNG, 35.1 million tons of coal in 2025, and 8.5 million tons of LNG and 45 million tons of coal in 2030. The annual demand for investment capital for the development program of power grids and sources is up to US$13 billion per year for the 2021-2030 period. Meanwhile, the increasing environmental requirements of international organizations in consideration of the credits to support the development of power sources and grids impose many pressures and challenges for the implementation of the Power Development Master Plan 8. The key point that needs consideration is that most of the power sources that have been invested in construction are located far away from the load center, while the trend of power transmission changes. Instead of transmitting electricity from the North to the South as in the previous years, power transmission tends to gradually move in the opposite direction.

With the desire to build an effective and feasible Power Development Master Plan 8 when putting into implementation, it is necessary to have specific mechanisms and policies to be able to successfully deploy power projects, ensuring stable and safe power supply, serving socio-economic development in the coming period.

By Lac Phong – Translated by Gia Bao

With five groups of solutions and 25 tasks, the plan puts forward that by 2030, the State’s management methods will be reformed in a fundamental and comprehensive manner and aligned with international principles and practices in a bid to create a favourable business climate for all economic sectors, thereby helping achieve all targets relevant to the private economic sector as stated in Resolution No 10-NQ/TW, developing the private economic sector into an important driving force of the socialist-oriented market economy.

During the course of the three years implementing the resolution, Vietnam’s private economic sector has seen robust development and has gradually become a driving force in promoting national economic growth.

Private businesses, particularly large scale ones, have made remarkable strides in establishing their roles and position in the national economy. Many private enterprises have shown performance levels as effective as or even more so than State-owned and foreign-invested enterprises.

More and more major private corporations and domestic joint stock companies have invested abroad in developed countries to expand their markets and promote their brands such as Vingroup, Vietjet Aviation Joint Stock Company, Truong Hai Auto Corporation (Thaco), T&T Group, Vietnam Dairy Products Joint Stock Company (Vinamilk), and FPT Group.

Private enterprises made up only 20% of the 500 largest enterprises in Vietnam (VNR500) in 2017, the figure then reaching 57.8% in 2019. The proportion of overall revenue from private enterprises also increased to 37.51% in 2019 from 27% in 2016.

These figures were made possible thanks to the efforts of enterprises themselves as well as Government policies designed to create a favourable and equal business environment in recent years.

However, according to the General Statistics Office, private enterprises only contribute about 9.1% of GDP.

To address the problem, the 13th National Party Congress’s Resolution was adopted with many new viewpoints and orientations for the State’s economic management, aimed at making major breakthroughs in developing the private economic sector.

The resolution stresses the development of a strong entrepreneurial force, the restructure of State-owned enterprises, and the strengthening of links between domestic and foreign-invested enterprises.

To achieve these goals, State management activities must respect the law of the market in order to promote the socialist-oriented development of the private economic sector. It is also necessary to remove hindrances facing production and business activities, including those in the private sector, in order to facilitate businesses’ operation and encourage them to make even bigger contributions to the country’s development.

BẮC GIANG — The northern province of Bắc Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according to it its provincial Party Committee.

The province is also refining a master plan on urban areas for the 2021-30 period to attract investment.

It built a project on supporting start-ups in the locality, towards strongly developing the private economy, and issued a list of projects in need of investment in the fields of agriculture and rural development.

The locality considered building mechanisms to support investment in hotel construction projects and high-end services.

In particular, Bắc Giang will step up administrative reform, improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects.

The province will actively assist investors and businesses in tackling difficulties and accelerating projects, especially those regarding infrastructure construction and business in IPs.

From 2016 to the end of 2020, the province drew 909 projects worth over US$5.88 billion, marking a 3.5-fold rise from 2011-2015, 616 of them were domestic ones with total registered capital of over VNĐ55.7 trillion, and $3.84 billion were foreign direct investment.

It is now home to 1,786 valid projects, including 1,311 domestic ones worth more than VNĐ92.2 trillion and 475 foreign-invested ones valued at over $6.2 billion. Projects are mostly in industry with 54.3 per cent, trade and services with 40.5 per cent, and agriculture with 5.6 per cent.

Since 2016, Bắc Giang has granted licences to over 6,000 enterprises and 705 branches and representative offices, with a combined registered capital of more than VNĐ64.3 trillion. Its gross regional domestic product has expanded by 14 per cent annually.

Cumulatively, there are 10,837 businesses so far in the province, including 466 foreign ones with a registered capital of $3.542 billion and more than 10,300 others with over VNĐ84.9 trillion. — VNS

Many effective models

According to the Department of Agriculture and Rural Development of Bac Lieu Province, through the process of agricultural restructuring, many models of the linking value chains in the production, processing and consumption of agricultural products have been formed, bringing high economic efficiency. Currently, the province’s many companies and units of shrimp farming in the form of a closed value chain were recognised as agricultural enterprises applying high technology or certified by international standards of aquaculture such as GlobalGAP, BAP, ASC, and Organic. In addition, the province has steadily developed the rice industry following a large production model, joining the value chain, with rice output increased from 1.066 million tonnes in 2015 to 1.15 million tonnes by 2020.

In Hai Duong, the agricultural sector has also been promoting the formation of value chains for agricultural products. Accordingly, the province has been focusing on building agricultural production zones for export processing, high-tech agricultural zones, and expanding production scale according to the GAP assessment process. Up to now, the whole province has 335 hectares of organic rice, 114 rice-growing models of “one zone, one variety, one time”, with the minimum scale of 30 hectares per zone. Specialised vegetable growing areas with high efficiency continue to be maintained and expanded. Thanks to production in value chains in 2020, many agricultural products of the province will be exported through official channels to high quality markets, such as: lychee, longan exported to Japan and the US; carrots to the Republic of Korea (ROK), Japan, and Middle Eastern countries; cabbage to the ROK and Japan; pickled cucumbers to Russia and the ROK; and onion and garlic to Malaysia.

Meanwhile, according to the Hung Yen Provincial Department of Agriculture and Rural Development, the province has successfully implemented the project “Building and developing models of production and consumption chain of agricultural products” in the direction of producing quality goods, ensuring food safety. The project spent more than VND26 billion to support science – technology, infrastructure, and promoting product consumption, including applying advanced technology in production chains, food business, disseminating knowledge and guidance on cultivation and husbandry techniques. Through project implementation, in Hung Yen, many typical models appeared, such as: Hoang Minh Chau Co., Ltd. with a group of turmeric products including: Nano Curcumin, Nano Collagen turmeric milk, turmeric cream, turmeric starch; and the Mien Thiet longan cooperative with Hung Yen longan.

Towards sustainable development

Building value chains for agricultural products is one of the important solutions towards the sustainable development goals of the entire agricultural sector. Over the past time, several models of value chains have been formed and have been remarkably effective, but they are not high in quantity nor evenly distributed in fields and trades. This is attributed to the fact that agricultural production in many regions of the country is still small and fragmented, it is difficult to form concentrated production zones to apply science – technology as well as control issues related to food safety and hygiene. Therefore, in the coming time, it is necessary to promote the formation of value chain models in the forms such as cooperatives, cooperative groups associated with enterprises; Manufacturing enterprises associated with distribution firms; Enterprise performing all stages in the chain.

Therefore, localities should soon plan concentrated agricultural production zones, as a basis for the formation of value chains. In Bac Lieu Province, according to the plan, by 2025, the province will promote investment in building an aquaculture zone, a high-tech aquatic seed production area with 4,000 hectares of farming; implementing large fields associated with rice consumption to reach 100,000 hectares, accounting for more than 51% of the cultivated area. In addition, the local agricultural sector also continues to guide and support production and business establishments in the direction of scaling up, ensuring all the conditions to convert activities into new-style cooperatives or business. At the same time, the province will also support businesses, cooperatives, and business households to participate in the programme “One Commune, One Product” (OCOP) to link production and consumption in the value chain to increase high added value.

In order to develop the value chain of local specialty products, in 2018, the Prime Minister issued Decision No.490/QĐ-TTg approving the National Programme of One Commune, One Product for the 2018-2020 period (OCOP Programme). The goal of this program is to standardise at least 50 percent of the existing products, or about 2,400 products, while consolidating and perfecting production organisation in the direction of linking production households with cooperatives and enterprises.