International trade remedies are used by many countries to protect their domestic industries, especially now production has stalled due to the impacts of COVID-19. With tax incentives from the new-generation free trade agreements (FTAs), including the newly-approved Europe-Viet Nam FTA (EVFTA), the risk of Viet Nam's exports being put under investigation for evasion of trade remedies is forecast to increase.
Vietnamese conglomerate THACO on September 14 introduced the KIA SORENTO (All New), the latest generation of KIA’s reinvigorated SUV line-up with the latest chassis, engine and gearbox technologies from KIA and HYUNDAI.
PVN accounts for about a third of the country's refined product output and supplies gas for power plants that make up about 15% of Vietnam's power generation.
Vietnam has an installed power generation capacity of about 55GW and GE helps supply 30 per cent of its electricity needs through its more than 25 gas turbines and seven steam turbines across 11 power plants and other projects throughout the country. These projects enable Vietnam’s economic development and are each a testament to the hard work and dedication of more than 1,800 GE employees throughout Vietnam, including the people who are the boots on the ground from GE’s factories in Vietnam such as Phu My and Dung Quat.
As more attention is paid to liquefied natural gas (LNG) as another fuel option needed for power generation under Vietnam's most recent Power Development Plan (PDP), which is currently being developed, the need for building LNG facilities is more imperative than ever.
The state-run Techo Startup Center (TSC) has set up the Digital Agricultural Supply Chain Platform (DASCP) in a move to promote productivity of enterprises, economy and younger generation in rural areas and advance poverty reduction and food security.
These times present an unprecedented opportunity for Vietnam to welcome a fresh wave of high-quality foreign investment flows in the wake of the upcoming enforcement of landmark deals and new-generation free trade agreements. The northern port city of Haiphong has spared no effort to seize the initiative by preparing its facilities, policies, and workforce.
International Finance Corporation (IFC), a member of the World Bank Group, on Saturday signed a memorandum of understanding (MoU) with the People’s Committee of Ha Noi to support its efforts to attract new-generation foreign direct investment (FDI) and diversify its funding sources.
Prime Minister Nguyen Xuan Phuc emphasized that all economic sectors can join power generation while he was addressing a meeting on mechanisms for development of power sources and networks.
For this reason, attempts have already been made in the past to anticipate the development of the energy sector through master plans. The Institute of Energy is currently examining the eighth master plan for the period of 2020 to 2030. In addition to generation capacities, energy demand and thus also energy efficiency will play a major role.