The report recommends Vietnam to prioritise renewable energy in national power planning; increase use of natural gas as the current best-fit baseload for renewable energy; construct a regulatory and permitting environment that attracts private sector and smaller scale off-grid investment in clean energy generation and energy efficiency; invest in grid infrastructure to improve stability and capacity; and halt any new approvals for coal. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 28
Vietnam business news
Most-favored-nation treatment (MFN) is the basic principle in WTO’s international trade, whereby a member country must be given the same treatment as all other WTO members, regardless of developed countries or developing countries. However, he affirmed that the change won’t have impact on Vietnam in reality. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
In the economic development aspect, the EU is currently one of Vietnam’s largest export markets with an export value to this zone touching $41.5 billion and an import value reaching $14.9 billion last year. Thereby, when the EVFTA and IPA come into force, the two-way trade and investment flow from EU to Vietnam is forecast to rise robustly, making active contributions to Vietnam’s economic growth, facilitating export, pushing up market’s diversification, procuring higher added values through newly established supply chains, and creating more jobs. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy
E-commerce and fintechs accounted for four-fifths of the total number of big calls for capital in 2019. The biggest deal was worth $300 million. The deal also witnessed the presence of veteran investors, including SBI Group, BEENOS, SoftBank Ventures Asia, Daiwa PI Partners and Digital Garage. These investors poured $51 million worth of capital into Sendo in Series B round of funding in 2018. … [Read more...] about VN e-commerce and fintech firms successfully call for huge capital in 2019
During an online meeting Thursday with Vietnamese Embassy to the U.S., the Ministry of Foreign Affairs and the Ministry of Health, the CDC and the U.S. Department of Health and Human Services (HHS) lauded Vietnam for achieving positive results in tackling the Covid-19 epidemic by synchronously quarantining those suspected of contracting the virus and monitoring and treating infected patients. … [Read more...] about CDC scrapes Vietnam from list of areas suffering widespread coronavirus transmission