Vietnam is currently the 16th-largest trade partner of New Zealand and the two countries boast many advantages from supplementing each other. New Zealand has high demand for importing garments and textiles, footwear, wood, tropical farm produce, and seafood, which are strengths of Vietnam, while Vietnam needs to import milk and dairy products, wine, lamb, fruit, raw wood materials, and materials and accessories for garment-textile and leather-footwear. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
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Vietnam an invaluable member of ASEAN: Filipino diplomat
Vietnam’s leadership to manoeuvre ASEAN through this global crisis has been much appreciated as it entails leading discussions on, among others, the strengthening of existing mechanisms and the creation of new ones. Its remarkable success in containing the pandemic has served as a model not only in ASEAN but throughout the whole world. Our concerted efforts this year will help ensure that all member states emerge stronger and better equipped to respond and recover from future pandemics. … [Read more...] about Vietnam an invaluable member of ASEAN: Filipino diplomat
VN businesses seek low-cost capital to develop infrastructure
The participants at a recent online workshop on credit and capital market held by Fitch Ratings and The Asset journal all agreed that Vietnam is benefiting from multi-national groups’ strategy on relocating their production bases out of China. Muralidharan Ramakrishnan from Fitch Ratings estimated that the capital EVN needs to develop infrastructure may amount to $4-5 billion in the next 2-3 years. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure
An electricity competitive retail market for Vietnam? It’s still far away
The retail market would be developed in four stages, including the preparation period 2020-2021, the period when big clients buy electricity from wholesale market (2021-2023, the period when big clients choose retailers (2023-2025) and the expansion of the retail market (after 2025) with priority given to big clients. As such, two-thirds of the workload that needs to be done to obtain the electricity retail market has been implemented and only one-third of the workload is left. However, analysts commented that the retail market is still far away. … [Read more...] about An electricity competitive retail market for Vietnam? It’s still far away
VN female researcher uses fuel cells for renewable energy
VN scientists say it is difficult to commercialize inventions Many products have an average life expectancy of 10-15 years. If they cannot be commercialized, they will be 'put in mothballs' , said Nguyen Tan Dung, Chemical Technology and Food Dean of the HCM City University of Technology and Education. … [Read more...] about VN female researcher uses fuel cells for renewable energy
