The Government will provide policy support for automakers, but not at the cost of breaking its international integration commitments, Prime Minister Nguyen Xuan Phuc has said. The Government leader made the statement at a meeting with representatives of relevant ministries, localities and car firms in Ha Noi on Tuesday. At the meeting, which focused on […]
Read MoreEnterprize Energy is targeting commissioning the first string of turbines of Ke Ga offshore wind power project by the end of 2022 and completing the proposed 600 megawatts of the initial construction phase by 2023. Ian Hatton, chairman and founder of Enterprize Energy. Speaking at the UK’s “Vietnam – Towards a Low Carbon Energy Future” […]
Read MoreKey Tronic EMS, a US electronic contract manufacturer, has been granted a license to build a US$70 million factory in Hoa Khanh Industrial Park in the central city of Da Nang. The city’s management of high-tech and industrial parks announced the information on February 28, adding that construction will begin in March and the factory […]
Read MoreHong Kong (China) topped the list of 66 countries and territories investing in Vietnam in January-February with a total investment of 4.3 billion USD, making up 51 percent of the new FDI inflow into the country. It was followed by Singapore with 979 million USD and the Republic of Korea with 873 million USD. Hong […]
Read MoreDeputy Prime Minister Truong Hoa Binh cut the ribbon to inaugurate the Srepok 1 and Quang Minh Solar Power Plant Complex in Buon Don district in the Central Highlands province of Dak Lak on March 9. Speaking at the inauguration ceremony, Binh said that Dak Lak province is located at an important strategic position in […]
Read MoreThe increase of foreign direct investment (FDI) in the first two months of the year has contributed to a better performance of listed industrial park developers. According to the General Statistics Department, FDI flowing into projects in Vietnam picked up 9.8 per cent year on year to a three-year high of US$2.58 billion in January […]
Read MoreThe Ministry of Industry and Trade of Vietnam has just released an updated draft on encouraging development of solar power projects in Vietnam. Significantly, the draft decision provides for a second feed-in-tariff (FiT) at rates varying by location for application from July 1, 2019. Frederick Burke, managing partner of Baker McKenzie, and Nguyen Thanh Hai, […]
Read MoreThe central province of Quang Tri has approved in principle investments into six energy projects including four wind power and two solar plants with total capital of more than VND7.4 trillion (US$318.4 million) in the first two months of the year. The provincial People’s Committee has given the go-ahead for Gio Thanh Energy Joint Stock […]
Read MoreBesides Vietnam’s free trade agreements, Chinese policies on promoting economic growth and reducing investment in labor-intensive industries have ignited a rising inflow of Chinese capital to Vietnam, experts said. According to expert Nguyen Thi Thanh An from Foreign Trade University, the Chinese promotion of economic development strategies, especially the Belt and Road initiative of Chinese […]
Read MoreVietnam would give priority to the energy sector, especially renewable energy; manufacturing and processing; supporting industries relating to the production of computers, phones, automobile and oil refinery, among others, which Air Liquide has advantage of. France’s leading industrial gas supplier Air Liquide plans to double its investment in Vietnam in green energy development, contributing to […]
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