Processing and manufacturing industry

Vietnam features high energy intensity compared to other international contexts. In 2015, the primary energy intensity with respect to GDP was 20 GJ/USD (IEA, 2017), while the world average amounted to 8 GJ/USD. With the issuance of the Law on Energy Efficiency and Conservation in 2010, many Energy Efficiency (EE) activities have been carried out throughout the country covering different economic sectors, with good progress in the application of EE measures for user appliances and partly also in industrial facilities. On the other hand, EE has not been well promoted in the building and transport sectors. … [Read more...] about Energy Efficiency Working Group’s proposal tops TUEWAS innovation fund competition

Over the past three decades, the EU, excluding the UK, has been behind 909 licensed and certified projects throughout Ho Chi Minh City, totaling capital of US$3.17 billion. Most notably during the first half of the year, 54 European projects received newly-granted investment certificates, whilst the first seven months of the year saw the southern city’s export turnover stand at an estimated US$2.7 billion with import turnover at US$1.5 billion. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 12

High logistics costs impact the overall cost of doing business and negatively affect Vietnam’s competitiveness both globally and domestically. “This is why, despite uncertainties amid the ongoing pandemic, the IFC is steadfast in its commitment to support essential investment in Vietnam’s logistics supply chain to help facilitate more efficient and competitive trade,” said Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Lao PDR. … [Read more...] about Indo Trans Logistics receives $70 million financing package from IFC

Many investors rush to get into real estate without deep market research and have failed as a result. New investors should start small and carefully build up experiences in implementation so that they can avoid heavy losses. The real estate sector is a long-term investment – this means that realising their disadvantages late would leave them stuck with a losing hand for a long time. … [Read more...] about Real estate developers risking it all in new segments

Hanoi (VNS/VNA) - Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years. After 99 days without any new cases of community transmission, a local infection was confirmed in Da Nang on July 25 and the virus has since spread around the country and caused 15 fatalities, greatly impacting economic activities. According to many experts, the return of the virus will immediately eclipse the glimmer of hope for an early recovery for the tourism industry. Dinh Trong Thinh, a lecturer of the Academy of Finance, said: “If the pandemic is not well controlled this time, the economic impact will be very large due to the bigger scale.” Thinh added the local economy was under great pressure from weak demand for goods, products and services and it was facing the risk of interrupted production and service supply capacity. “The cost of fighting against the new wave of the … [Read more...] about Vietnam faces lowest growth in 35 years