The Prime Minister has just issued Decision 08/2020/QD-TTg on amending and supplementing a number of articles of Decision No. 24/2014/QD-TTg dated March 24 / 2014 by the Prime Minister on the mechanism to support developing the biomass power projects in Vietnam. The concrete conditions: for cogeneration projects, the electricity price at the delivery point is 1,634 VND/kWh equivalent to 7.03...

The Ministry of Industry and Trade (MOIT) has just issued the Unified Document No. 07/VBHN-BCT for regulating wind power development and Standardized Power Purchase Agreement (PPA) for wind power projects.  Accordingly, the provisions of this document are applied to the investors, management and operation units of wind power projects, electricity buyers, and other relevant organizations and individuals. According to MOIT, the...

The General Department of Customs has guided some local customs units to implement procedures related to tax policies for investment projects. Binh Dinh Customs Department has raised obstacles related to import duty exemption for electric cars for investment project of Hon Ngoc - Bai Tram eco-tourism areas The General Department guided as follow: according to Clause 11, Article 16 of Law...

ASEAN countries have agreed to try and persuade India to return to the negotiating table for the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal. Representatives of ASEAN countries also discussed investment service regulations and a flexible open-door market policy among the 16 nations. The discussions were implemented at the preparatory RCEP meeting in the central city – one of a...

Sai Apex Enterprises Pte Ltd is looking for PVC Flooring and Exercise notebook products from Vietnam with requirements as follows: 1. PVC Flooring 0.35mm X 2M X 30M/Roll 2. PVC SPONGE FLOORING 1.2mm x 2m x 25Yards/roll 3. Exercise Note Book Size: 24.7CM X 19 CM, Pages: 96 sheets & 144 sheets Size: 16 X 21CM Pages: 40 sheets, 60 Sheets & 100 Sheets Outer Cover: 150GSM Inner...

According to the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, the acute respiratory disease caused by the Covid-19 has significantly affected agro-forestry-aquatic exports in the first two months of this year. The total agro-forestry-aquatic exports were estimated at US$5.34 billion in the first two months of this year, down 2.8 percent compared to...

Rising internet and smartphone penetration coupled with a large young population will propel the Vietnamese e-commerce market, which is projected to grow at a compound annual growth rate (CAGR) of 16.3 per cent from VND218.3 trillion ($9.5 billion) in 2019 to VND399.5 trillion ($17.37 billion) in 2023, according to forecast from GlobalData, a leading data and analytics company. GlobalData’s latest...

The prime minister has requested the Ministry of Information and Communications to urgently propose amendments to the decree on management and use of radio frequencies licensed via auction following simpler and faster procedures. Although the government and the Ministry of Information and Communications have made great efforts to implement the auction of 4G bandwidth, there are still many legal problems....

Rising internet and smartphone penetration coupled with a large young population will propel the Vietnamese e-commerce market, which is projected to grow at a compound annual growth rate (CAGR) of 16.3 per cent from VND218.3 trillion ($9.5 billion) in 2019 to VND399.5 trillion ($17.37 billion) in 2023, according to forecast from GlobalData, a leading data and analytics company. GlobalData’s latest...

The Ministry of Industry and Trade (MoIT) will continue to support local businesses after the coronavirus epidemic is stamped out, Minister Tran Tuan Anh has said. Anh made the statement after visits to the Ha Tay Chemical-Weave Co. Ltd. and the Garment 10 Corporation on March 5 in Hanoi to study difficulties at local businesses during the novel coronavirus (COVID-19)...