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Calls for removal of energy obstructions

Vietnam is among those hardest-hit by climate change, but renewables investment is slow

As Vietnam strives to ensure sufficient energy sources, it has been urged by the international community to enable private investors to engage more in the country’s energy industry. Last Wednesday, Hanoi hosted an event of high significance: the launch of the “Special Report on Global Warming of 1.5 degrees Celsius” …

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The billion-dollar nascent projects of Nghe An

Kobe Steel is one of the immobile billion-dollar projects in Nghe An

Numerous billion-dollar projects have been stalling for decades due to issues with land clearance and not receiving construction permit. Immobile billion-dollar projects Kobe Steel Co., Ltd.’s project to build a direct reduced iron factory with the capacity of two million tonnes of products per year and a total of $1 …

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Vinasun and Grab app at loggerheads over losses

Vinasun alleges that Grab’s operations have caused them to lose around VND42 billion ($1.82 million) in 2016 and 2017

Fierce debate broke out during last week’s hearing between Vinasun and Grab as the Vietnamese taxi operator accused the Singaporean ride-hailing app firm of anti-competitive business practices that have resulted in lost earnings. During the trial at the Ho Chi Minh City People’s Court, Vinasun accused Grab of participating in …

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Japan now Vietnam’s leading economic partner: VCCI

Japan is currently Vietnam’s leading economic partner, according to the Vietnam Chamber of Commerce and Industry (VCCI). The chamber noted that in 2017, two-way trade reached 33.3 billion USD. The figure hit 27.8 billion in the first nine months of 2018. Japan imported from Vietnam aquatic, apparel products and processed …

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Competitive electricity in Vietnam? It’s still far away

Vietnam is string for a competitive electricity market

More than one electricity generator and wholesaler exists in Vietnam, but the country still does not have a competitive electricity market. Tran Dinh Long, deputy chair of the Vietnam Power Association, under the Electricity Law and the Prime Minister’s Decision No 63, said Vietnam will experience three stages of development …

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Rubber producers seek to avoid damage from US-China trade war

Rubber producers must develop specific risk management strategies in context of US-China trade tensions.

Rubber producers must develop specific risk management strategies, which cover market risks and product legality, in order to avoid getting hurt by the current US-China trade tensions, according to To Xuan Phuc, a senior policy analyst from Forest Trends. Vietnamese rubber sales largely depend on Chinese traders as China has …

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Vietnam, Cambodia work to fight illegal timber trading

A production line of wood products for export

Vietnam and Cambodia should intensify cooperation in monitoring their export and import of timber and wood products, thus minimising illegal timber trading at border areas, heard a dialogue held in Ho Chi Minh City on October 22. The event was jointly organised by the Vietnam Administration of Forestry (VAF) of …

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‘The big five’ in Vietnam’s banking system

The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system. By the end of the second quarter of 2018, the Bank for Investment and Development of Vietnam (BIDV) had total …

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