Vietnam needs more than US$128 billion to develop electricity in the next nine years
10:00 | 05/03/2021 Industry
Vietnam needs about US$128.3 billion of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).
Agriculture, a bright spot in grim economic picture
06:00 | 05/03/2021 Industry
(VEN) - The year 2020 was a successful year for the agriculture sector and a bright spot amidst the economic slowdown of the Covid-19 pandemic.
Processing and manufacturing industry needs better way to develop: experts
09:00 | 04/03/2021 Industry
Vietnam’s capacity for the processing and manufacturing industry remains limited and heavily relies on foreign supply chains for imported components and accessories, leading to difficulties for local businesses, particularly amid the COVID-19 pandemic.
Strong recovery prospects for Vietnamese steel industry
06:00 | 02/03/2021 Industry
(VEN) - The steel industry’s investment in modern technology has increased product quality and paved the way for its post-pandemic production recovery.
Vietnam’s timber industry growth in difficult period
06:00 | 26/02/2021 Industry
(VEN) - Despite the impact of the Covid-19 pandemic, with disrupted supplies and market fluctuations, Vietnam’s timber product exports reached the annual 2020 target of US$13 billion. The export target for 2021 has been set at US$14.5 billion despite some looming challenges.
Five breakthrough solutions for garment and textile sector
06:00 | 24/02/2021 Economy
(VEN) - Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, talked about the development of Vietnam’s garment and textile sector in 2021 in an interview with Vietnam Economic News’ Do Nga.
Vietnam mulls solutions to boost added value of industrial production
06:00 | 05/02/2021 Economy
(VEN) - Vietnam’s industrial sector has posted high growth rates in recent years, but the created value of this growth remains low. One solution under consideration is attracting investment shifts in manufacturing industries from China and other countries to Vietnam.
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.
Supporting industries welcome new investment wave
06:00 | 04/02/2021 Industry
(VEN) - Vietnam’s supporting industries for machinery manufacturing, electronics and deep processing are forecast to attract growing foreign investment thanks to a strong investment wave.
Leather, footwear business takes steps to recovery
06:00 | 02/02/2021 Economy
(VEN) - With the implementation of new-generation free trade agreements, leather and footwear businesses are optimistic about their recovery in 2021.
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.
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.
