The Hanoitimes - Local supporting policies together with global advanced technologies will help drive down input cost for wind power projects. World experts gather in Hanoi for Vietnam Wind Power 2019 Offshore wind power: Dutch lessons to help Vietnam ensure energy security GIZ aids Vietnam’s wind-to-power capacity in 5-year journey Vietnam's new price policy to boost wind power investments Vietnam has huge wind power potential and the government has outlined a roadmap to tap potential of this kind of renewable energy. Huge potential for onshore and offshore wind in Vietnam. Photo: GWEC Vietnam has become, in the eyes of investors, a destination for wind power developers for three reasons, according to the Global Wind Energy Council (GWEC). First, levelized cost of energy (LCOE), which is considered as the payback for energy systems, for onshore wind came down by 30% in the past four years. Second, wind energy with the deployment … [Read more...] about Why is wind energy more cost-competitive in Vietnam?
Why tariffs are important
EU imposes curbs on steel imports after Trump tariffs The Saigon Times Daily An EU flag is seen outside the Houses of Parliament in London, Britain January 30, 2019 – PHOTO: REUTERS BRUSSELS (REUTERS) - The European Union will impose limits on steel coming into the bloc from Saturday in response to U.S. President Donald Trump’s metals tariffs, a filing in the European Union’s official journal said on Friday. Steel imports will be subject to quotas to counter the concerns of EU producers who say Europe could be flooded with steel that is no longer being imported into the United States. There will be specific limits for major exporting countries and the quotas will apply for three-month periods in order to limit stockpiling. The main exporters of steel to the EU are China, India, Russia, South Korea, Turkey and Ukraine. The measures concern 26 steel product categories, with quotas set at the average of imports over the period 2015-2017, plus 5%. Once these … [Read more...] about EU imposes curbs on steel imports after Trump tariffs
It is evident that while joint ventures have continually received financial support and incentives without developing production, domestic suppliers have been ignored. In this context, the emergence of VinFast – the year-old auto-making subsidiary of Vietnamese realty and retail giant Vingroup – is being seen as a keystone element in the development of the Vietnamese auto industry. Standing alongside Vingroup are major incumbents, like Truong Hai Auto Corp and Hyundai Thanh Cong. Although it seems the right time has come for Vietnam’s car industry to move to a new level, the industry has failed to take shape for the last 20 years. Car making projects in Vietnam have been around since the 90s. Production was first undertaken by the Hoa Binh (Vietnam Motors Corporation-VMC) and Mekong Auto Corporation in the form of business cooperation contracts (BCC) with other automobile manufacturers. VMC assembled and manufactured different product lines for BMW, Mazda and Kia, … [Read more...] about Why Vietnam’s auto industry never stepped on the gas
Tra fish may be subject to antidumping tariffs despite equivalence recognitionBy Trung Chanh A worker is processing tra fish fillets at a factory. Vietnamese tra fish is eligible to be shipped stateside but probably continues to be subject to antidumping tariffs - PHOTO: TRUNG CHANH CAN THO – Antidumping duties may be slapped on Vietnamese tra fish exports to the United States even though the Food Safety and Inspection Service (FSIS) under the U.S. Department of Agriculture recently proposed the Office of the Federal Register amend the Siluriformes fish inspection regulations to list Vietnam as a country eligible to export tra fish and fish products to the United States. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers, told the Saigon Times that FSIS’ proposal proved that Vietnam's food safety control and manufacturing system for tra fish was equivalent to that of the United States. The equivalence recognition means … [Read more...] about Tra fish may be subject to antidumping tariffs despite equivalence recognition
NAFTA deal not yet in sight, Canada stands firm on auto tariffsThe Saigon Times Daily Canadian Foreign Minister Chrystia Freeland takes part in a news conference at the Embassy of Canada in Washington, DC, U.S., August 31, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said. The administration of U.S. President Donald Trump wants to be able to agree a text of the three-nation North American Free Trade Agreement by the end of September, but major differences remain. “We discussed some tough issues today,” Canadian Foreign Minister Chrystia Freeland told reporters after meeting with U.S. Trade Representative Robert Lighthizer. Freeland, who has visited Washington four weeks in a row to discuss NAFTA, gave no further details. Market fears over the future of the … [Read more...] about NAFTA deal not yet in sight, Canada stands firm on auto tariffs