Green growth

According to the representative, the private sector has the highest contribution to economic growth, accounting for about 40 per cent of GDP, attracting over 80 per cent of the national labour force. During 2010-2015, private investment into energy efficiency projects and solutions was from $100-230 million per industry, in which the four industries of steel, cement, paper, and sugar cane invested $627.8 million. However, he also affirmed that the private sector has a limited budget while the financial regime is still strict and sometimes difficult for this sector. Therefore, carbon pricing requires a transparent legal framework which encourages private investment. Besides, public financial lever for private investment should be strengthened. … [Read more...] about Carbon pricing instrument should be driven by national conditions

Therefore, Chairman of the provincial People's Committee Tran Tien Hung has just signed a document to submit to the Prime Minister and the Ministry of Industry and Trade to consider and approve the Ky Anh MK wind power plant project into the national electricity development plan for the period of 2011-2020 with a vision to 2030. … [Read more...] about Ha Tinh gives green light to 696.5 million-USD wind power plant

Termination payments: Of particular concern is that where the seller opts to terminate the agreement due to the purchaser’s default, the new template PPA provides that the termination damages amount will be calculated up to the time of termination, rather than based on the remainder of the 20-year contractual term. The previous template PPA under Circular 16 provided no such restriction. The incoming clause will therefore create significant concern for those projects already operating under pre-existing PPAs which now need to conform to the terms of the new template. … [Read more...] about Adapting to new solar PPA regulations

There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

The Ministry of Information and Communications, at the end of May 2019, issued the ICT Reference Framework for Smart City Development Version 1.0. In September 2019, the ministry announced the Viet Nam Smart City Index by 2025. In November 2019, it instructed the People's Committees of provinces to pilot smart city services to avoid wasteful investment. … [Read more...] about Viet Nam Smart City Award 2020 launched