Moit

According to the Trade Remedies Authority of Vietnam (TRAV), the MoIT issued Decision No. 1327/QD-BCT to extend the deadline for issuing a decision to investigate the case file and associated information on June 5. The extension is for a further thirty days and should be sufficient for the submission of a ruling following an investigation into implementing anti-dumping regulations for imported prestressed steel cable products by July 5. Article 70, clause 2, of the Law on Foreign Trade Management states, "Within 45 days of the date of notification of valid dossiers, based on the recommendations of the investigating bodies. The MoIT Minister decides whether to conduct an investigation or not. In exceptional circumstances, the decision-making period may be extended once for no more than 30 days." TRAV obtained a dossier from an enterprise representing the domestic manufacturing industry on April 7 requesting an investigation into the application of anti-dumping measures on … [Read more...] about MoIT extends deadline for steel cable antidumping ruling

The continuing intense heat and effects of El Niño have increased the demand for electricity in many parts of the country. Due to a dearth of precipitation in the north, water levels in hydropower reservoirs are unusually low, which has had a significant impact on electricity supply. The MoIT is to implement the PM's directive to increase electricity conservation over the 2023–2025 period and subsequent years by concentrating on practical and effective solutions. These are to be to submitted to the PM for approval by June 8. For wind and solar power projects that have been constructed but do not yet satisfy the requirement for employing the feed-in tariff mechanism, it will be necessary to study and advise their handling according to the level of competence in which they are run. It will also be necessary to evaluate the legal framework governing electricity to provide guidance for investment in the power grid. The promotion of public-private partnerships is seen as essential by … [Read more...] about Prime Minister seeks electricity supply guarantees

Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam under the MoIT, stated on June 7 that power supply difficulties do exist. He said that the total accessible capacity of the northern power system (including imported electricity) that can be mobilised to satisfy electricity demand is between 17,500 and 17,900MW (approximately 59.2 per cent of the installed capacity). This capacity consists of approximately 2,500 to 2,700MW of transmission from the south and central regions to the north via the 500kV Nho Quan-Ha Tinh transmission line. During the approaching sweltering days, electricity demand in the north may reach 23,500 to 24,000MW. Thus, the northern grid will fall short by approximately 4,350MW. According to Hoa, the system confronts the danger of capacity scarcity for the majority of the day. Hoa confirmed that many provinces and cities in the North have intermittently shut off the power recently due to supply issues. General director of … [Read more...] about Northern Vietnam lacks between 30 and 50 million kWh daily

The Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) and Ho Chi Minh City Association of Mechanical–Electrical Enterprises are jointly organizing the “Ho Chi Minh City Products Week 2023 - Mechanical and Electrical Devices and Digital Technology” which attracts the participation of over 40 businesses. Exhibitors are showcasing machinery, electrical equipment, digital technology services and solutions, logistics services supporting the mechanical engineering and electrical equipment manufacturing industry, and warehouse storage solutions. According to Tran Phu Lu, ITPC Deputy Director, the products selected by businesses to showcase in the exhibition are reputable and high-quality items with beautiful designs and advanced technology, which also incorporate digital technology and automation in their applications. The expo, to go on until June 7, is part of a city trade promotion campaign to help mechanical and electrical businesses promote their brands and products. … [Read more...] about Ho Chi Minh City seeks to promote export of mechanical products

In a dispatch sent to the Minister of Industry and Trade, the Chairperson of the Committee for Management of State Capital at Enterprises (CMSC), the Chairpersons of the People’s Committees of centrally-run cities and provinces, and leaders of Vietnam Electricity (EVN), Vietnam Oil and Gas Group (Petrovietnam) and Vietnam National Coal and Mineral Industries Group (Vinacomin), the Prime Minister pointed to problems in power supply in the Northern region. He noted that the severe heat and impacts from El Nino phenomena have led to a surge in power demand, coupled with drought in many Northern localities causing extremely low water level in hydropower reservoirs, thus greatly affecting the supply of electricity in the dry season of 2023. Despite efforts of relevant parties, there are still factors negatively affecting the supply of electricity in the time to come, especially in the Northern region. Amid this situation, the Government leader asked the Ministry of Industry and Trade … [Read more...] about Prime Minister orders solutions to ensure power supply in dry season

At the Vietnam-Cambodia trade forum . (Photo: VNA) Phnom Penh (VNA) - The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)'s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. In his remarks, Ambassador Nguyen Huy Tang noted that economic cooperation has received the attention of the two countries’ high-ranking leaders, saying it is necessary to foster the economic, trade and investment links to maximise potential and advantages of the two neighbouring countries. The forum offers an opportunity for Vietnamese and Cambodian businesses to exchange information, seek partners, stay updated on new economic policies of the two countries, and speak of obstacles to their operations and propose solutions to them, he said. Ho Siv Yong, from the Cambodian Ministry of Commerce, highlighted trade opportunities in Cambodia, saying the … [Read more...] about Vietnam steps up trade promotion in Cambodia

The plan introduces several key takeaways for investors and financiers interested in the Vietnamese power sector. One notable aspect is the encouragement of rooftop solar and other renewable energy projects for self-consumption, without the need to connect to the national grid. This presents a favourable environment for investors keen on renewable energy opportunities. Chan Hong and Vi Nguyen Lawyers, Dentons LuatViet In addition, the Ministry of Industry and Trade (MoIT) has been tasked to prepare and submit to the government and National Assembly in 2024 the draft of the amended Law on Electricity, which will reflect and actualise objectives and planning under the PDP8 and the draft of the Law on Renewable Energy. These amendments will address key aspects such as the mechanism of auctions and bidding for the selection of investors and determination of tariffs. Investors shall be prepared and be alerted that the power sector in Vietnam would be entering into a … [Read more...] about Power plan a leap in the right direction for 2050 ambitions

Illustrative image (Source: VNA) Hanoi (VNA) – The northern region is facing the risk of power shortage at almost every point of time each day, according to Tran Viet Hoa, head of the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT). Hoa told the press on June 7 that as of June 6, most of the major hydroelectric reservoirs in the north, including Lai Chau, Son La, Tuyen Quang, Ban Chat, Hua Na and Thac Ba, had reached the “dead water level” or even below that. Only the Hoa Binh reservoir can ensure its plant to generate electricity until June 12-13, he said, adding that once its water level hits the “dead  point”, a total of 5,000MW or even up to 7,000MW would be lost in the region. As of June 6, the combined capacity of the hydroelectric plants stood at 3,110MW, only 23.7% of their designed capacity. Over the past time, thanks to efforts in supplying coal for thermal power plants, turbines have been running at full … [Read more...] about Northern region facing risk of daily power shortage: official