Renewable energy

The shift from coal to gas in energy planning is important for Vietnam’s energy security, the reliability of the electricity system, and the country’s greenhouse gas emissions, as well as towards a balance in trade relations between Vietnam and the United States. John Rockhold, chairman of the Vietnam Business Forum’s Power and Energy Working Group In 2019, liquefied natural gas (LNG) power plants were at the centre of discussions about Vietnam’s energy future as representatives of foreign investors and utilities and development finance institutions made appearances in Vietnam, holding meetings and workshops with authorities and energy executives with the aim of increasing the number and capacity of gas-fired power plants and LNG terminals in Vietnam. Another objective is the import of LNG from the US, which is currently the largest producer worldwide. These sales could be used to work towards the trade balance between Vietnam and the US which grew even … [Read more...] about Proposed LNG projects hasten clean and ample energy supply

Boasting a coastline of 65 kilometres, Tra Vinh province has huge potential to develop the marine economy.(Photo: baodautu.vn) Tra Vinh (VNA) – Completing mechanisms and management policies is among the Mekong Delta province of Tra Vinh’s efforts to lure more foreign investors and improve the quality of foreign direct investment in the locality. The province is striving to attract some 1.1 billion USD in foreign direct investment during 2021-2025 and 1.7 billion USD for the 2026-2030 period. Along with renewing investment promotion methods and enhancing the efficiency of state management over foreign investment, the province has outlined special investment attraction plans to draw strategic investors. Besides, the province has paid due attention to improving administrative procedures as well as creating favourable conditions for foreign firms to study the local business climate. Furthermore, land clearance and infrastructure development have been also put in focus. … [Read more...] about Tra Vinh province seeks more foreign investment

Assembly line of Vespa motorbikes at Piaggio Vietnam Co Ltd in Binh Xuyen industrial zone in Vinh Phuc Province. (Photo: VNA) Hanoi (VNS/VNA) - Foreign investors have been encouraged to take advantage of the double benefits Vietnam is offering through its commitments in the many trade pacts signed with other countries. Foreign investment in Vietnam is expected to increase significantly after the country signed two important trade deals – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA). According to experts, foreign investors in Vietnam will enjoy the benefits of both the international market and preferential domestic policies. The agreements also offer a great opportunity for businesses that are not from the EU or CPTPP’s 10 other member countries. When investing in Vietnam, they can take advantage of tax incentives Vietnam has agreed upon with those countries. … [Read more...] about Foreign investors can make use of Vietnam’s trade deals

Vietnam’s M&A market is forecast is expected to touch $6.5-$6.9 billion in 2018 (Photo: baodautu.vn) Hanoi (VNS/VNA) – Vietnam’s M&A market is forecast to reach 6.5-6.9 billion USD in 2018, which is lower than the 2017’s record of 10.2 billion USD. “We expect the M&A value in 2018 to decline from 2017, as this year may not have as big deal as Sabeco,” said Dang Xuan Minh, AVM Vietnam’s CEO. Vietnam’s merger and acquisition (M&A) market hit over the 10-billion-dollar landmark for the first time last year and is at the turning point to reach a new era of opportunities in the next decade. M&A value continued to rise 55 percent year-on-year to reach 3.55 billion USD in the first six months of this year. “One year ago, even very optimistic forecasts hardly envisaged the M&A boom in 2017 which thrust Vietnam’s M&A value to 10.2 billion USD, a growth of 175 percent over 2016. This is a record number, … [Read more...] about Vietnam’s M&A market declines in 2018

CSR Kindness towards the community By Hoai An Wednesday,  Dec 11, 2019,19:49 (GMT+7) Kindness towards the communityBy Hoai An A representative of Hung Loc Phat (6th R, front row) is seen in a community program to support poor families on the occasion of the Lunar New Year festival – PHOTO: HUNG LOC PHAT Making contributions to the community, for Hung Loc Phat Corporation, is a mandate from the heart. The company, an emerging brand in the local’s real estate market, has in the past few years engaged in a wide range of charity programs to support the needy and the underprivileged. Hung Loc Phat Corporation first started business as a trader of building materials and later expanded to energy before marching into the real estate sector. Its name became popular just a few years ago alongside the revival of the local real estate market, and over the past four years, Hung Loc Phat has established its foothold in … [Read more...] about Kindness towards the community