China's overseas investment in renewable energy projects jumped last year by 60 percent to a record $32 billion (30 billion euros), marking its leadership in the global market for clean energy, a report said Friday. In 2016, China finalised 11 foreign deals worth more than a billion dollars each, and is expected to pick up the pace this year, according to the Institute for Energy Economics and Financial Analysis (IEEFA). On Thursday, China announced that it would sink at least $361 billion into renewables by 2020, key to the country's transition away from polluting coal power. "Renewable energy will be the pillar for China's energy structure transition," said Li Yangzhe, deputy head of the National Energy Administration, the official Xinhua news agency reported. Overseas investments last year ranged from lithium battery makers in Australia and Chile to an electricity distribution deal in Brazil and the building of a solar cell factory in Vietnam. China now owns five of the six … [Read more...] about China takes global lead in clean energy: report
Taking initiative examples
VietNamNet Bridge - Investments in research & development (R&D) in Vietnam have been increasing rapidly with the presence of many multinational investors. With investment capital of $300 million, Samsung’s R&D Center in Hanoi, for example, is a large center in the field of software development. Before opening the center, Samsung had to rent eight floors at PVI Tower building to locate its temporary R&D Center for 1,600 software engineers who have created hundreds of software products for Samsung’s smartphones, including the well-known S-Pen Montblanc. Samsung’s determination to build an R&D center in Vietnam shows that the multinational group highly appreciates Vietnam’s role as a production and R&D base in its global chain. The move of the South Korean giant, accirding to analysts, also shows the increase in foreign investment in technology research & development in Vietnam. Nguyen Mai, chair of the Vietnam Association of Foreign … [Read more...] about Can Vietnam take full advantage of R&D projects?
On May 4, 1994 then Prime Minister Võ Văn Kiệt initiated wide administrative reforms. More than 20 years have gone by, but the spirit of Resolution 38/CP on administrative reform remains important for the current Government headed by Prime Minister Nguyễn Xuân Phúc. Over the past more than 20 years, many administrative reforms have been implemented, but many hurdles have also arisen, which deeply concerns the population. These hurdles have negatively affected the people and enterprises' production. Adding to the problem is the fact that some of our administrative reforms are quite different from those of other countries. Legal guiding document It should be stressed that administrative reform is part and parcel of administration law. It shows people and enterprises how to implement the law in real life. In other words, administrative reform is a guiding document for the nation's laws. For example, the Law on Housing has some articles on credits for affordable housing projects. … [Read more...] about VN takes time to consider administrative reforms
As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. But one of the first prominent mid-sized German engineering firms to sell out to the Chinese says such fears are overblown. When Putzmeister, a 58-year-old maker of pumps for concrete, was bought by its Chinese competitor Sany for 360 million euros($402 million) in 2012, its workers protested outside the factory gates, fearing job losses. Four years on, however, the company's employment in Germany has held steady and it has promised to maintain it at least until 2020. Sales are up by nearly a third, the brand is still intact and established relationships with suppliers have been left in place. With the Chinese back for more acquisitions, the four-year-old merger is again drawing attention, this time as an example of how to sell out while safeguarding operations at home. In headlines from … [Read more...] about As China shops for German firms, one early example reassures
PANO – The American Chamber of Commerce (AmCham) and the Vietnam Chamber of Commerce and Industry (VCCI) on the evening of May 23rd co-organized a B2B meeting titled "Taking the trade relationship to the next level" in Hanoi, on the occasion of the official visit of US President B. Obama to Vietnam. Present at the meeting were senior Vietnamese officials from ministries of foreign affairs, investment and planning, and trade and industry; US Ambassador in Vietnam Ted Osius; US officials from the Government and Congress; representatives of AmCham and VCCI; and US and Vietnamese businessmen. TPP benefits both countries According to Executive Director of AmCham, the US President’s visit will strengthen bilateral relations and cooperation between the two countries in various areas, particularly trade, economy, security, defense and regional and global issues of mutual concern. "The visit of President Obama is taking place at a time when parliaments of the two countries are … [Read more...] about Vietnam, the USA taking trade relationship to next level