Vietnam invests little in Wind energy

HANOI – Vietnam holds huge growth potential for wind energy and has policy incentives available for this sector but only three wind power projects have been put into operation nationwide, according to a conference in Hanoi on November 29. Speaking at the conference on wind energy held by the Danish Embassy, Deputy Minister of Industry and Trade Hoang Quoc Vuong said that with a coastline of over 2,300 kilometers, the country is in...

Read More

Vietnam: FDI into Solar Energy Increased Sharply

Vietnam is becoming attractive locations for investors producing solar panels from China, Taiwan to expand production in order to meet increasing demands of the world as well as make use of the advantages of tax for exports to the two largest markets which are the US and Europe. Vina Solar has just signed a contract with GCL-SI – China’s leading solar panels manufacturer and Trina Solar Company to develop the project to produce solar energy panels...

Read More

Renewable energy development bumpy in Vietnam

CMC – Despite huge potential for renewable energy development, Vietnam has found it hard to attract investments and expand operational projects due to low electricity prices and lack of policy incentives. At a seminar on clean energy in HCMC, experts were of the opinion that Vietnam still relies heavily on limited fossil energy sources. This has prompted the Government to work out plans for renewable energydevelopment. The nation may have...

Read More

Vietnam airport operator misses out on retail business opportunities

The ACV made just $1 per passenger from retail services last year, far behind regional operators. Despite robust growth in passenger numbers, the state-owned Airports Corporation of Vietnam (ACV), which operates the country’s civilian airports, generated only $81 million from non-aeronautical businesses such as airport retail in 2016, or 15 percent of the annual target.  Industry experts said the airport operator’s revenue mainly...

Read More

New Solar Power Plant Project in Binh Dinh

Solar energy is encouraged to invest by Vietnam Government. Therefore, there were many foreign business delegations come to Vietnam to find out opportunities in this area. On January 11th 2017, Chairman of Binh Dinh Province has met and worked with the President of Truong Thanh Investment and Development Co., Ltd (Vietnam) and Truong Thanh’s partners from Japan and Spain to find out opportunities to invest in solar energy plant...

Read More

Samsung Invests Aggressively in Bac Ninh Province

With the favorable and open business environment, Vietnam has committed to be the attractive investment destination for multinational enterprises to come and set up business in Vietnam. Samsung wants to raisethe total investment in Bac Ninh to 6.5 billion USD and transferred the model from high-tech project to large-scale project… Bac Ninh Provincial People’s Committee has just sent an official letter to the Prime Minister on supporting...

Read More

Cargill (USA) Will Build Factory in Bac Ninh

Cargill Company (USA) is planning to build a factory specializing in producing livestock feed in Bac Ninh. It shows the attraction of Vietnam market, which makes foreign enterprises to come and invest in Vietnam. Cargill (USA) Will Build Factory in Bac Ninh On January 6th 2017, Chairman of Bac Ninh province had a meeting with Mr. Jorge – CEO of Cargill Vietnam came to survey and explore Bac Ninh province. Cargill is the US leading company...

Read More

Hanwha Techwin Company (Korea) Wants to Invest in Bac Ninh

Vietnam has always been an ideal investment destination for many foreign companies to come and set up business in Vietnam. Hanwha Techwin Company (Korea) Wants to Invest in Bac Ninh Currently, Mr. Yang Jin Seol, CEO of Hanwha Techwin Company (Korea) came to Bac Ninh to survey and explore the investment environment in Bac Ninh province. Working with the Chairman of Bac Ninh Province, Mr. Yang Jin Seol said that Hanwha Techwin Company (under...

Read More

Have Vietnam’s relaxed rules caught on with foreign homebuyers?

Insiders say it may take time to fully evaluate the impacts of the new policy that allows foreigners to own a home here. Ho Chi Minh City's property market experiences strong growth in the last quarter of 2016. Photo by VnExpress/Nguyen Thanh Van When Vietnam opened up its housing market to foreigners in July 2015, many thought there would be so many buyers rushing in to grab the villas and apartments here. But after a year and...

Read More

Flappy Bird creator lends a wing to Vietnamese startups

'Just propose those projects to me, no matter how bad it is,' Nguyen Ha Dong writes on Facebook. The overnight success of mobile game Flappy Bird has turned its creator Nguyen Ha Dong into a star of the local startup scene. Flappy Bird creator Nguyen Ha Dong (L) and Google CEO Sundar Pichai (R) shake hands at a sidewalk café in Hanoi on December 22, 2015. Photo by Reuters The game, hailed by the industry as one of the milestones of...

Read More

Vietnam, Ireland ink deals to build $2.2 billion wind farms

The farms, one in the central region and the other in the south, will have a combined capacity of 940 MW. Companies from Vietnam, Ireland and the U.S. on Monday signed cooperation agreements to build two wind farms in Vietnam worth $2.2 billion. Part of a wind farm in the Tuy Phong District of Binh Thuan Province. Photo courtesy of Nguoi Lao dong news site The pacts are part of various deals reached by Vietnam and Ireland during...

Read More

Fast-growing Vietnam to invest $40 billion in electricity projects by 2020

The country is also shifting attention to renewable energy to meet the needs of the economy. Vietnam may need to invest about VND859 trillion ($38 billion) in electricity generation, transmission and distribution infrastructure between now and 2020 to meet domestic demand, the government said in a new report.  Fishermen working near the first towers of wind turbines from a Vietnamese wind power plant. Photo by AFP That...

Read More