Foreign trade, a highlight on Vietnam’s 2020 economic picture
06:00 | 10/02/2021 Trade
(VEN) - In 2020, Vietnam exported goods worth an estimated US$281.5 billion and imported goods worth US$262.4 billion, up 6.5 and 3.6 percent from 2019, respectively, posting a trade surplus of US$19.1 billion, the highest level in five consecutive years since 2016, according to the Ministry of Industry and Trade (MoIT).
La Gan Offshore Wind Farm to create thousands of jobs
16:40 | 04/02/2021 Industry
In Vietnam, offshore wind energy offers more than a clean and secure energy source – offshore wind presents an exciting opportunity for local economic growth and skills development. In other countries, offshore wind has proven to be a source of sustainable job creation, due to its long and sophisticated supply chain. If implemented at scale, offshore wind has the potential to bring huge economic benefits to Vietnam.
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.