The Ministry of Planning and Investment proposed to build Da Nang into a regional financial center. Photo: Da Nang newspaper. The Ministry of Planning and Investment has just proposed to the Prime Minister to allow Da Nang to become a regional financial center. The Ministry proposed the Prime Minister assigns the People’s Committee of Da Nang city to research and hire...

In light of the adjusted general planning of the city to 2030 with a vision to 2045, Danang set sights on becoming a modern, livable ecological city. With the goal of becoming one of the major socio-economic centres of the country and Southeast Asia, Danang will focus on finishing key projects, including shopping malls, leisure complexes such as Vinacapital Danang...

Supporting industries will be a focus of an investment promotion plan released by central Quang Ngai province for 2021. Quang Ngai - Supporting industries will be a focus of an investment promotion plan released by central Quang Ngai province for 2021. It has earmarked close to 2.2 billion VND (95,500 USD) to implement activities to attract investment to local projects in...

The construction of five sub-projects of the North-South Expressway will begin within this quarter The construction of five sub-projects of the North-South Expressway will start in May and June. Notably, the construction of Dien Chau-Bai Vot sub-section (between Nghe An and Ha Tinh) will be started on May 22 under the public-private partnership (PPP) model. On May 13, the Ministry of Transport...

At present, in Vietnam many wind power projects (WPPs) deployed, but there is no sample  contract pattern established for this type of projects, so WPP EPC contractors and turbine suppliers still have a lot of questions and it is necessary to study and complete. A number of following remarks must be noted in WPP contract negotiation: The investors can sign EPC, EPCI...

SP Group (SP) and BCG Energy Joint Stock Company (BCG Energy), a wholly owned subsidiary of Bamboo Capital JSC, signed a Memorandum of Understanding (MoU) to invest in renewable energy projects in Vietnam. The MOU also provides an exclusive right for SP to acquire up to 49 per cent of its subsidiary Skylar Joint Stock Company (Skylar). Skylar currently has...

The Prime Minister (PM) has just approved the Development Strategy of Electricity of Vietnam (EVN) to 2030 with a vision up to 2045. According to this Development Strategy, EVN will become a strong economic group with sustainable, efficient business operated by the market mechanism, equally competed with the enterprises of other economic sectors in accordance with the legal regulations. The...

According to the Institute of Energy (Ministry of Industry and Trade), Vietnam's power system is one of the power systems in the world with the highest growth rate. However, the World Bank asserts, the electricity consumption per capita in Vietnam is still lower than the world average. Assessing the current status of electricity consumption in Vietnam, the Institute of Energy,...

Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises. Foreign investors are increasing investments in renewable energy projects in Vietnam Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam. Notably, in Dak Nong province, the joint venture between Hung...

Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. The Ministry of...