Vietnam to focus more on wind energy to power growth

Renewable energy sources remain largely untapped across the country. Vietnam plans to increase the amount renewable energy contributes to national power consumption to at least 7 percent by 2020 -- up from the previous target of 4.5 percent. The revision to the plan reflects the fact that Vietnam is increasingly turning to renewable sources, as stated in the National Action Plan on Green Growth 2014–2020, including wind power, solar...

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Vietnam to focus more on wind energy to power growth

Renewable energy sources remain largely untapped across the country. Vietnam plans to increase the amount renewable energy contributes to national power consumption to at least 7 percent by 2020 -- up from the previous target of 4.5 percent. The revision to the plan reflects the fact that Vietnam is increasingly turning to renewable sources, as stated in the National Action Plan on Green Growth 2014–2020, including wind power, solar...

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Vietnam’s logistics sector: low competitiveness despite rapid growth

The sector's progress could be derailed unless staff and infrastructure are upgraded. Vietnam’s logistics industry has seen strong growth over the past few years but problems arising from the lack of infrastructure and the limited capacity of local businesses have put the brakes on its development. Data from the Vietnam Logistics Business Association said that the sector is expected to record average growth of 20 to 24 percent...

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Vietnam scraps nuclear power project as costs spiral

Business insiders say investing in coal or oil power plants will be cheaper. The National Assembly, Vietnam’s top legislature, decided to scrap the country’s nuclear power plans for the central province of Ninh Thuan on Tuesday after business insiders pointed to uncompetitive prices. The Ministry of Industry and Trade proposed an end to the project on November 10, and the motion passed with 92 percent of legislators’ votes on...

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Vietnam Technology Startup Attracts Foreign Enterprises

Technology startup in Vietnam is increasingly attractive. Many foreign enterprises are interested in this area and showing their desire to set up business in Vietnam. According to Mr Mitchell Pham, president of the New Zealand Technology Association (NZTech) – who is known to be the 1st native of Vietnam elected to become the chairman of NZTech, representing for over 400 technology enterprises New Zealand: “All trip participants were...

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Vietnam approves $60 mln wind power project

A Singaporean company plans to tap the potential for wind power in southern Vietnam. Southeast Asia’s leading renewable energy developer, The Blue Circle, has been awarded an Investment Certificate from Vietnamese authorities for a 40 Megawatt (MW) Dam Nai wind project worth $60 million in the southern province of Ninh Thuan. The Singapore-based wind energy specialist, along with its Vietnamese partner TSV, have received...

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Vietnam approves $60 mln wind power project

A Singaporean company plans to tap the potential for wind power in southern Vietnam. Southeast Asia’s leading renewable energy developer, The Blue Circle, has been awarded an Investment Certificate from Vietnamese authorities for a 40 Megawatt (MW) Dam Nai wind project worth $60 million in the southern province of Ninh Thuan. The Singapore-based wind energy specialist, along with its Vietnamese partner TSV, have received...

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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. The pacts are part of various deals reached by Vietnam and Ireland during the visit to Vietnam by President of Ireland Michael D. Higgins from November 5-14. Vietnam’s Phu Cuong Corporation will...

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Vietnam’s pharma market booms amid short supply

The country spent $2.1 billion on imported drugs last year. Vietnam’s pharmaceuticalmanufacturers met less than half the nation's demand for drugs last year, experts said at a seminar on Monday. From 2010 to 2015, local pharmaceutical firms saw annual growth rates of 17-20 percent, according to Le Van Truyen, former deputy health minister. Truyen called Vietnam the largest pharmaceutical growth market in the region with a value...

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Japanese investors ready to pour $2 bln into Vietnam’s real estate market

Property firms are confident of the growth fundamentals in Vietnam. Japanese real estate companies are looking outside the domestic market for a potential investment destination, and Vietnam is looking like an ideal candidate with annual returns of up to 20-25 percent. Vietnam's Real estate Japanese companies are planning combined investment of up to $2 billion in the Southeast Asian country, said Than Thanh Vu, president of...

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