Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Viet Nam which is expected to grow by double digits in the next few years. — VNS Photo Mai Huong Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide. The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Viet Nam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17 per cent last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly US$4 billion in registered … [Read more...] about More British investors look at Viet Nam to cash in on free trade agreements
Viet nams top ten property developers and architecture firms
Japanese firm buys 35.1 per cent stake in Viet Nam’s power company
TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company
Viet Nam needs extra $368 billion to achieve net zero emissions
Workers checking a roof top solar system. — VNA/VNS Photo As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues. To detail the national green growth strategy, the Prime Minister on July 22 approved the national action plan on green growth for 2021-2030 with four important goals. The goals are to reduce greenhouse gas emissions per GDP, to green economic sectors, to green lifestyles and promote sustainable consumption, and to green the transition on the principles of equality, inclusion, and resilience. Speaking at the conference on the impact of COP26 on the energy transition towards green growth launched on Wednesday, Nguyễn Thị Bích Ngọc, deputy minister of the Ministry of Planning and Investment, said that resources are the biggest problem in realising the goals of the energy … [Read more...] about Viet Nam needs extra $368 billion to achieve net zero emissions
The Grand Manhattan satisfy demand of elite customers
Domestic and foreign elites seek apartments in the core area of HCM City where give them the highest life quality standards. The selling price of luxury and super-luxury apartments in HCM City has recently strongly leaped. Many apartments have the highest price in Viet Nam. Despite the price hike, some projects still have positive liquidity as the projects are really attractive to both domestic and international buyers. There are many factors driving the price hike. Of them, the most important factor is the prime location plus the panoramic view of the city; the unique design as well as the level of products’ perfection that brings luxury and class to the apartment. These are the reasons that make customers with financial potential to buy. The Grand Manhattan is one of the few projects in the heart of HCM City, District 1 that target the upper-class customer group. A green space at The Grand Manhattan. Located in the cross corner of Co Giang and Co Bac streets, Grand … [Read more...] about The Grand Manhattan satisfy demand of elite customers
Denmark extends agri-food expertise to Vietnam
With expertise and advanced technology, Danish firms are expected to develop Vietnam's agri-food industry for high efficiency and sustainability. A delegation of 13 leading Danish agri-food firms in Solutions for Livestock & Food Production, Food Processing Technologies, Ingredients and Climate Control Solutions is giving expertise to Vietnamese partners Representatives of Danish companies attend the seminar held in Hanoi on August 17. Photos: Embassy of Denmark in Hanoi The delegation, which works in areas important for improving agri-food production towards high efficiency, green, and sustainability, expects to share experiences and introduce world-leading and well-proven Danish solutions in agri-food production and look for opportunities to cooperate with Vietnamese companies. The expertise was shared at during Seminar – Business Matchmaking held in Hanoi and Ho Chi Minh City on August 16-19. The events are part of a joint effort between the Embassy … [Read more...] about Denmark extends agri-food expertise to Vietnam
Monetary policy needs to ensure caution and flexibility: NACFMP
Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies Recently, central banks worldwide have rushed to raise benchmark interest rates to cool rampant inflation, including the US Federal Reserves (Fed) and European Central Bank (ECB), while many others have also signaled they will raise rates this year. Vietnam News Agency spoke to Associate Professor Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies (NACFMP) about how their moves will affect the global economy, including Viet Nam. Many experts believe the use of interest rate tools by the Fed and ECB and other regulators may slow down their economic recovery and even push them into recession. What is your opinion on this matter? I think this statement is correct. Using the interest rate tool can gradually lower inflation, but to a certain extent, this tool also narrows investment. This means that fewer jobs will be created, businesses … [Read more...] about Monetary policy needs to ensure caution and flexibility: NACFMP
