Vietnam pushes renewable energy with focus on solar power

Vietnam is grappling to generate enough energy to power the economy. Vietnam’s electricity consumption has grown twice as fast as the country’s economic growth rate. The average energy consumption inVietnam grew 13 percent from 2006-2010, and by about 11 percent from 2011-2015, said Le Tuan Phong, deputy head of the General Directorate of Energy. The country is on the path towards powering itself by 2030, Phong said. The country’s...

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Vietnam's revised energy plan might not be as green as it seems

Last March, Vietnam upped its planned share of renewable energy for 2030 to 10 percent, from the initial 4.5 percent. However, in the next 15 years, Vietnam also plans to increase its reliance on coal fired power, the most carbon intensive electricity source. *Vietnam relies mostly on hydropower to produce electricity. Therefore, renewable energy in this article refers only to solar power, wind power and biomass energy. As part of...

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Vietnam sees record new business in 2016

A man welds a steel bed at a furniture factory outside Hanoi. Photo by Reuters/Kham The new 110,000 businesses could create nearly 1.3 million jobs. Vietnam saw a record number of business openings in 2016, shedding hopes for robust growth and strong investment in the near future. A new report from the Ministry of Investment and Planning said the past year saw 110,000 new businesses open, up 16.2 percent from 2015. Registered capital...

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Forms of Public Private Partnership Investment in Vietnam

Public investment in Vietnam is not just limited to the transportation infrastructure, electricity, renewable energy, water, health and environment, but also in areas such as education, training, vocational training, culture, sports, commercial infrastructure complex, science and technology, economic zones, industrial zones… Vietnam is in the development stage that needs significant investment in infrastructure.  However,...

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Hanoi, Ho Chi Minh City listed as foreign investment magnets

Vietnam received an estimated $18.1 billion in new FDI pledges from January to November this year. Ho Chi Minh City and Hanoi have been ranked 10th and 17th respectively out of the top 25 emerging market cities on the fDi 2016/17 Global Cities of the Future listing, a global investment service provided by the Financial Times. Ho Chi Minh City, Hanoi listed as foreign investment magnets Chinese cities dominated the ranking with...

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FDI Status in 11 Months of 2016

Vietnam has become an ideal destination for foreign investors from many countries to come and invest in Vietnam. Generally in the first 11 months of 2016, total newly registered and additional capital reach 18.103 billion USD, equivalent to 89.5% compared with the same period in 2015. Operational status: Implemented capital: As of November 20th 2016, it is estimated that the foreign direct investment (FDI) projects have disbursed 14.3...

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Benefits of Setting Up Business in Danang

Danang is considered an ideal destination for investment. The result shall be incredible where we evaluate on the following aspects: Danang – one of the strategic economic centers of Vietnam’s central region In March 13th, 2004, the prime minister signed a decision to establish central region’s strategic economic center, including 05 provinces and cities: Thua Thien Hue, Danang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical location...

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Many Foreign Brands Are Coming to Vietnam

Realizing that Vietnam is a promising market, foreign enterprises want to do business in Vietnam through the form of franchising. Recently, many consumer goods, fashion and cosmetics brands from Japan and Thailand are promoting the franchise with Vietnamese partners and enterprises. In the framework of the program “Vietnam – Thailand Enterprises Interaction in The Field of Franchising” which was held in Ho Chi Minh City...

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GE begins $1.5 billion wind power push in Vietnam

The company wants to tap the market with huge power demand for economic growth. The multinational conglomerate General Electric is teaming up with a partner to construct large-scale wind power plants in Vietnam with a total investment of $1.5 billion. The company recently signed a partnership deal with the Ireland-based Mainstream Renewable Power Ltd. to develop 1,000 megawatts of wind power capacity for the national grid, according...

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German firm jumps on Vietnam's renewable energy bandwagon

Terra Wood is proposing a $400 mln wind and solar energy project. German green energy firm Terra Wood has revealed plans to invest $400 million in a wind and solar electricity project in Vietnam, contributing to an active week of renewable energy deals made by foreign investors. The energy company has submitted an investment plan to build the project in Vietnam’s south central province of Quang Ngai, and on-site inspections...

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