The developers of power projects are running against time to put their plants into operation prior to November 2021 to be able to enjoy the FIT (feed in tariff) mechanism stipulated in the Decision 39 dated September 10, 2018. It takes only six months to build a solar power plant, but it takes two or three years to build a transmission line. … [Read more...] about Solar, wind power projects to exceed transmission capacity
Project dependency map
Tuoi Tre (Youth) newspaper journalists had a chance to go aboard the ship 884 to survey the seabed in preparation for the construction of an aerial electricity grid to connect the mainland with Lai Son Island in the Pirates’ Archipelago in the western sea of Vietnam. … [Read more...] about East Vietnam Sea survey team – P1: Tidal check
That evening economy is not successful everywhere is a known fact. However, it provides provincial/municipal governments with an opportunity to further bolster their economy after the pandemic and look at long-term economic future - PHOTO: THANH HOA For HCMC, the delicious cake slice of evening economy in store for years will come to light as the Government is going to give it the greenlight soon. Decision 1129/QD-TTg, effective as of July 27, 2020, is a turning point which is expected to make evening economy thrive. The bans on business activities after midnight will be removed. Yet it also needs the momentum generated altogether by the state apparatus, communities and the business circle. … [Read more...] about Night-time economy waits for its bright days
Hanoi (VNA) – The Techfest Vietnam 2020, which wrapped up on November 29, saw over 120 connections and about 14 million USD worth of investment committed for innovative and startup projects. This year’s three-day Techfest featured about 40 events, such as conferences, seminars, forums and exhibitions, which attracted a total of 6,500 participants. All of its live-streamed events had at least 35,000 viewers tuning in. In his remarks at the closing ceremony, Deputy Minister of Science and Technology Tran Van Tung said, despite adverse impacts of the COVID-19 pandemic, Vietnamese young generations have been ceaselessly working creatively and overcoming hardships to make breakthroughs. The event reflects the development of Vietnam’s innovative and startup ecosystems which have step by step kept up with the global stage, Tung said, adding that he wants to welcome more foreign investors, experts and international organizations to participate, share experience and seek … [Read more...] about 14 million USD worth of investment pledged in Techfest 2020
Demand stimulus in the current state of the Vietnamese economy in the short term should come with a pro-consumption policy - PHOTO: THANH HOA Private sector consumption is a major growth driver of the Vietnamese economy. It is all the more important as the Covid-19 pandemic has sent global demand plummeting and countries worldwide imposing travel restrictions. In an economy with a large population, low income, and a high rate of savings like Vietnam, which policy shall be adopted to stimulate demand in a sensible way? … [Read more...] about Demand stimulus: where to begin?