Moreover, a credible local rating agency is a key missing ingredient in Vietnam’s corporate bond market. The Ministry of Finance has repeatedly raised its concern on high risks associated with high yield corporate bonds. Bondholders, on the other hand, might be left empty-handed if the companies fail to pay back the debt. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market
National thermal power corporation
Assuming that the production cost of EVN is at the FiT2 for solar farms (7.09 US cents per kWh) and the exchange rate is around VND23,000 per US dollar, estimates of the subsidised amount of money by EVN in 2021 for solar power sources can be easily calculated. In order to keep the average selling price, increasing the curtailment or adding more solar power plants and rooftop solar systems with a very low FiT3 rate could compensate the subsidisation of EVN. … [Read more...] about Booming solar power: signal for worry or delight?
Sydney (VNA) - The Vietnamese community in Australia expects the upcoming 13th National Party Congress to judiciously select competent leaders to lead the country over the course of the next five years, Tran Ba Phuc, President of the Vietnam Business Association in Australia, has said. In an interview granted to the Vietnam News Agency (VNA)’s reporter in Sydney, Phuc, who is also a member of the Vietnam Fatherland Front Central Committee, said that Vietnamese people living overseas have made substantial contributions to the country’s socio-economic development and culture. He expressed his hope that the Party and State will issue policies enabling representatives of Vietnamese communities abroad to participate in powerful State agencies and have their voices heard. Phuc proposed that the Party and State create the most favourable conditions possible for Vietnamese overseas who wish to keep their Vietnamese nationality or be re-naturalised in Vietnam. He also expected … [Read more...] about Vietnamese in Australia looks forward to 13th National Party Congress
Hanoi (VNA) - Vietnam’s electricity transmission output hit more than 203.8 billion kWh in 2020, fulfilling the plan set by Electricity of Vietnam (EVN) and representing a year-on-year increase of 2 percent, according to General Director of the Electricity of Vietnam National Power Transmission Corporation (EVNNPT) Pham Le Phu. The company worked hard to safely operate the power transmission system without interruption, contributing to ensuring sufficient supply for the country’s socio-economic development, Phu told a recent conference to review the EVNNPT’s performance in 2020 and set out tasks for 2021. It transmitted 910.5 billion kWh of electricity in the 2016-2020 period, Phu said, with yearly average growth standing at 9.7 percent. He also touched on the difficulties facing the corporation in cutting power loss last year, saying that the loss in the transmission grid stood at 2.23 percent, up 0.08 percent compared to 2019. Addressing the … [Read more...] about Power transmission output up 2 percent in 2020
In the opposite direction, the Viet Nam National Administration of Tourism and MobiFone will help the province guide the use of smart travel systems and applications and at the same time support communication, promotion for events, tourism products and tourist information of the province to domestic and foreign tourists. … [Read more...] about MobiFone co-operates with Ha Giang through digital transformation