Vietnam Trade Office in Canada

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 Ministry of Planning and Investment has released the latest draft Law on Public-Private Partnerships in a move to make a fresh shift towards a specific and consolidated framework for bankable projects. Vaibhav Saxena and Nguyen Thi Phuong, lawyers at Vietnam International Law Firm, delve into how the new regulations in the draft law can make a positive impact...

The Covid-19 pandemic has upended economies worldwide. Vietnam, for one, must take urgent measures to handle this period of instability. The impact of Covid-19 has been most significant in the services sector, which accounts for 42% of Vietnam’s GDP. Government ordinances have halted tourism and entry into Vietnam, which had two million arrivals in January alone. Hotel occupancy has fallen...

Prime Minister Nguyen Xuan Phuc urged the Ministry of Industry and Trade to increase support and push up the export of several medical supplies, including antibacterial and anti-drop face masks, to countries in need, particularly those in  Europe and the United States. This is part of the prime minister’s conclusion speech at a recent government meeting reviewing measures in combating...

Vietnam’s trade activity has been badly hurt by the coronavirus disease (Covid-19) outbreak over the past months. Nevertheless Vietnam has so far contained the outbreak relatively well and more export opportunities are expected to arrive over the coming months. Surplus amid difficulty Vietnamese shark catfish are still a favourite of consumers as exports to many markets enjoyed decent growth in the...

The south central province of Ninh Thuan will help investors speed up the implementation of renewable energy projects, with the goal of having 2,000MW of solar power and more than 60MW of wind power connected to the grid by the end of this year, chairman of the provincial People's Committee Luu Xuan Vinh said. Initially, the committee requested relevant departments...

The south central province of Ninh Thuan will help investors speed up the implementation of renewable energy projects, with the goal of having 2,000MW of solar power and more than 60MW of wind power connected to the grid by the end of this year, chairman of the provincial People's Committee Luu Xuan Vinh said. An operational solar power plant in...

The Ministry of Finance has just issued Circular No. 12/2020 /TT-BTC, stipulating that wind and solar power projects must be appraised before obtaining operation licenses as similar to hydropower and thermal power projects before. In this Circular there are amending and supplementing issues in Section II, Part A, Table on the fee rates enclosed with the Circular No. 167/2016 /...

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,...

In spite of Vietnam’s GDP growth during the first quarter of 2020 hitting its lowest figure since 2011 with 3.82%, a number of experts have come to the conclusion that this growth can still be considered strong when taken in comparison with other economies from across the region. Most notably, not all industries have been forced to stop their operations,...