Vietnamnet

VietNamNet Bridge - The electricity outages that occurred in the dry season may return and become even more serious as provincial authorities do not want to build more thermal power plants in their localities. The electricity outages may come back The Ministry of Industry and Trade (MOIT), for the first time in the last six years, has warned about electricity shortages. Vietnam now has 22 coal-fired thermopower plants with total designed capacity of 13,000 MW. Under the seventh national power development plan, the total thermopower capacity would double by 2020 and increase by four times to 55,300 MW. RELATED NEWS Coal-fired power plants’ slag and ash cannot find outlets Vietnam could generate all power via renewable energy by 2050: report Manh Hai … [Read more...] about Locals boycott thermal power projects as electricity shortages loom

VietNamNet Bridge - A series of new airport projects and upgrading of existing airports have been suggested with total investment capital of billions of dollars. A series of airport projects have been suggested The Cam Ranh complex, worth VND4 trillion, was developed under the BOT (build, operation, transfer0 mode by a joint venture of private investors. Recently, the mountainous province of Lao Cai asked for permission to build Sa Pa 4C standard airport with the capacity of 1.5 million passengers and investment capital of VND5.8 trillion under the mode of BOT. RELATED NEWS Vietnam’s aviation market heats up Aviation authority orders evaluation of security work at airports Kim Mai … [Read more...] about Developing airports: new playing field for billionaires

VietNamNet Bridge - Experts have voiced their concern about the capability of Vietnamese retailers, wondering if they can compete with powerful foreign retail groups flocking to Vietnam. The Decree 81 guiding the implementation of the Commercial Law stipulates that the promotional value can be equal to up to 100 percent of the prices of promotional goods instead of 50 percent as stipulated in the old Decree 37. Experts have applauded the new decision, saying that this will benefit customers because they can buy goods at best products, and benefit retailers and manufacturers as well, because they can apply the most suitable pricing policies to attract customers. RELATED NEWS E-commerce market had eventful year with B2C turnover of $6 billion E-commerce: the major battle is in their warehouses, delivery services Kim Chi … [Read more...] about Regulation on sale promotions might help foreign retailers crush smaller competitors

VietNamNet Bridge - A Vietnamese corporation has reportedly spent $14 million at an auction to buy a shopping mall in the suburbs of Marrickville in Sydney, Australia, taking the first step in its plan to penetrate overseas markets. Vietnamese spend more money to buy properties overseas Some months before, another business acquired an apartment project on Racecourse street in Kensington in Melbourne in a deal worth $6 million. Vietnamese businesses and individuals began looking for properties overseas some years ago. That has recently increased as the real estate price in Australia has fallen as a result of the Australian government’s moves to cool the market.  European countries are also destinations that many Vietnamese investors are interested in, especially individuals who seek opportunities to get permanent residential cards. One of the reasons is that they want to have homes for their children who study at prestigious schools in Europe, especially in France and … [Read more...] about Vietnamese spend billions of US dollars to buy properties overseas