Vietnam Trade Office in Canada

A slew of sizeable liquefied natural gas-fired power projects have been in the development pipeline in the past year as a way to replenish national power sources as  Vietnam turns on a greener growth path. Earlier this month, the prime minister allowed Long An I and Long An II thermal power plants that were already in the revised Power Development...

The Vietnam Oil and Gas Group (PVN) informed that its financial targets in the first quarter of 2020 could not reach as planned because of “double impact” from Covid-19 pandemic and low oil prices. According to PVN, the outputs of the group main products in the first quarter of 2020 were as follows: Oil production exceeded 10.1% quarter plan by and...

The new FiT comes nine months after the previous one outlined in Decree No.11/2017/QD-TTg expired on June 30, 2019. On April 6, the prime minister signed Decree No.13/2020/QD-TTg about the new selling price for solar power. Accordingly, the price for floating solar power is 7.79 US cents per kWh and normal solar power is 7.09 US cents per kWh. In addition,...

Offshoots of industrial real estate development in Vietnam, particularly cold storage facilities and factories, have boosted demand for smart, eco-friendly materials. While most industries have been affected by the Covid-19 pandemic, both production lines at the Pisocy fireproof panel factory of Phuong Nam Soundproofing Insulating Co. are still running. Workers are fully equipped and protected with hats and masks. Hand sanitizer bottles are available in every corner of...

After several years of negotiations, an Asia Pacific trade deal is set to be signed in 2020 that is expected to help drive deep partnerships across the continent. Executive director of the Asia Trade Centre Deborah Elms shares her viewpoint on why the deal is a game-changer, as well as explains the advantages and disadvantages for the business community....

Free trade agreement (FTA) generates both winners and losers, and the formation of the Regional Comprehensive Economic Partnership (RCEP) is no exception. This column argues that tariff reduction under RCEP is likely to reduce ASEAN’s exports as it will erode trade preferences of ASEAN granted by existing FTA partners. RCEP is a regional agreement that aims to liberalize trade and investment, and to...

The landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been in force for more than a year now, influencing the trade activities of member economies. Senior economist Nguyen Mai digs into its impacts on the local economy and how benefits can be maximised for the sake of Vietnam’s sustainable development in the forthcoming years.   Unlike the country’s engagement...

With the ratification of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement, the floodgates are expected to open for a new wave of European investment into the Vietnamese market, especially in services, ICT, finance, transport, and distribution. Swedish technology giants Ericsson and ABB are partnering and planning to establish a smart manufacturing production facility in Vietnam this...

The newly-ratified EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) will help to usher in a new economic era with the correct preparation. Minister of Industry and Trade Tran Tuan Anh talked to VIR’s Phuong Thu about the significance of the agreements and their implications on key sectors across the country. How important are the EVFTA and...

Businesses in logistics and agricultural processing are embracing ambitious expansion plans to effectively cash in on opportunities from the EU-Vietnam Free Trade Agreement (EVFTA). Tan Cang Waterway Transport JSC (a subsidiary of Saigon Newport Corporation) has just pressed into use the Hoang Anh-Lokaport inland clearance depot of over 6.8 hectares in total space in the northern province of Hai Duong. The...