Surge expected in renewable energy as economy recovers
06:00 | 31/01/2021 Industry
(VEN) - Electricity consumption is forecast to resume its growth this year as the economy recovers from the Covid-19 pandemic, with solar and wind power setting new capacity records facilitated by attractive investment policies and price incentives. The forecast is in tune with the surge in installed wind and solar capacity over the past five years - from almost zero to 10 percent - driven by the country’s explosive growth.
Hanoi steps up industrial restructuring plans for 2021
06:00 | 30/01/2021 Economy
(VEN) - Hanoi has set a number of targets for its industrial activity in 2021, including added value increase of nine percent (1.8 times higher than in 2020), wastewater treatment systems meeting national standards in 95 percent of industrial clusters; and construction launch of 43 approved industrial clusters with at least 20 completed.
Why should Vietnam pursue offshore wind?
10:23 | 29/01/2021 Industry
(VEN) - Vietnam is fortunate to have some of the best natural conditions for wind energy in Asia. This is particularly the case for offshore wind energy, where Vietnam has some of the best conditions in the world. According to a recent World Bank sponsored report ‘Offshore Wind Roadmap for Vietnam’, Vietnam has the potential to realize between 11GW and 25GW of offshore wind capacity by 2035, which could create up to 700,000 man year jobs and avoid up to 217 million tonnes of CO2 emissions.
FTAs create driving force for 2021 exports
06:00 | 29/01/2021 EVFTA
(VEN) - Vietnamese businesses have made good use of incentives provided by free trade agreements (FTAs), creating an important driving force for export growth in 2021.
Draft amendments to Decree 52 on e-commerce activities discussed
16:23 | 22/01/2021 Economy
Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/NĐ-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.
Vietnam primed for credit rating agency to boost bond market
06:00 | 20/01/2021 Economy
(VEN) - Credit rating agencies are crucial for the development of Vietnam’s corporate bond market, the ability to raise capital for trade and production activities and market openness and transparency. However, lack of credit culture is impeding the licensing of domestic credit agencies.