Moit

According to the ministry, the trade pact, which came into force on August 1, would help Viet Nam diversify its export markets as well as export products. A wide range of Vietnamese goods have benefited from tariff reductions, such as farm produce, seafood, footwear, and electronic products. … [Read more...] about Over 7,000 C/O issued for exports to EU in August

Meanwhile, the sector has become more dependent on imports of raw input material. Viet Nam has had to import coal and soon liquefied natural gas (LNG). By the ministry's projection, the country will have to import up to 60 million tonnes of coal and 12 million tones of LNG in 2030, which puts the country's energy security at risk without careful planning and strategy. … [Read more...] about MoIT proposes overhaul of investment framework for power projects

At a meeting reviewing the 2016-2020 socio-economic developmentplan, the MoIT said the domestic market played an important role in goods consumption, contributing to poverty reduction and ensuring social welfare, evidenced by a growth of nearly 9.2 percent in retail and services revenue in the last five years. … [Read more...] about Domestic trade to contribute 13.5 percent of GDP by 2025

It will also restructure the power sector in accordance with the development levels of the electricity market and continue to equitise generating units according to approved plans, while separating the cost of electricity distribution and retail businesses. It will separate the electricity market operator into an independent accounting unit under Viet Nam Electricity (EVN). … [Read more...] about Viet Nam to face power shortages

A series of projects have been launched in accordance with a power master plan to meet the demand. The average growth rate of electricity sources from 2011-15 reached 13 per cent a year. However, from 2016-19 the growth of power source construction decreased significantly with a yearly average of only 8 per cent, of which the biggest decrease was hydropower (5 per cent) and coal thermal power (10 per cent). … [Read more...] about Vietnam to face power shortages