uncorking bottlenecks for infrastructure development

Uncorking bottlenecks for infrastructure development 

The Vietnamese government tries to speed up public investments while increasing the private sector’s involvement, focusing on infrastructure projects that are meant to stimulate growth, improve connectivity, and spur on socioeconomic growth.
building an appropriate plan for the socioeconomic future

Building an appropriate plan for the socioeconomic future

With the backdrop of the pandemic, global trade tensions, natural calamities, and other hurdles, Vietnam has drawn up new directions for its 5-year socioeconomic development that now depends on the leadership and determination of the newly-elected government. Within this series, VIR will focus on the government’s execution of its strategies and policies with detailed analysis of related economic sectors.
debate intensifies on future of coal

Debate intensifies on future of coal

After one major South Korean coal-fired power financier decided last month to withdraw its participation in foreign markets in the sector, questions have arisen on the feasibility of planned coal-based ventures. However, several experts evaluate the move as a signal for Vietnam to step up the transition from fossil fuels to renewable energies.
balancing act required for open wood industry

Balancing act required for open wood industry

Foreign-invested wood and timber enterprises are contributing a significant chunk to the nation’s export turnover. To strengthen cooperation between these and domestic companies, the adoption of new policies seeks agreement among experts and other stakeholders.
vietnamese plywood branch wants to recheck the export of veneer products

Vietnamese Plywood Branch wants to recheck the export of veneer products

The Vietnamese Plywood Branch has just sent a document to the Ministry of Finance (MoF) and the Association of Vietnam Timber and Forest Product (VIFOREST) to ask the authorities to recheck wood-based veneer items exported to China.
risks at the fore in global wood trade

Risks at the fore in global wood trade

Many timber enterprises are facing difficulties as the General Department of Taxation is implementing a series of measures to tighten the management of VAT refunds. Meanwhile, the sector is already coping with accusations of tax evasion and anti-dumping measures in some importing markets.
strong dppa scheme desired

Strong DPPA scheme desired

The Minister of Industry and Trade is likely to sign a draft circular regulating a pilot project for electricity purchases and sales between renewable energy generators and consumers under direct power purchase agreements. However, while the ministry is gaining support from some organisations, experts advise designing the schemes in an appropriate manner.
collaborations required to achieve wood industry goals

Collaborations required to achieve wood industry goals

As the Ministry of Agriculture and Rural Development has set forth an ambitious target for 2021 after the poor results from last year, experts from wood and timber associations are calling for more cooperation between foreign-invested and domestic enterprises in the industry, backed by preferential policy mechanisms that enable close cooperation.
vietnam value forum 2021 officially kicked off

Vietnam Value Forum 2021 officially kicked off

The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, MVV Group, and other overseas and local partners on April 19 jointly organised the Vietnam Value Forum 2021 with the topic “Vietnam Value – New Position, New Value”. The forum is also a part of Vietnam Value Week 2021.
conditions in place for offshore development

Conditions in place for offshore development

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the country’s energy development schedule.
wood exporters face array of obstructions

Wood exporters face array of obstructions

An oversupply of undervalued certified timber and a lack of interest from local wood processors currently stand in the way of Vietnam’s export plans to increase its foothold in Western markets. However, German assistance might help solve some of the issues that forest growers are facing.
lack of raw materials threaten wood prices

Lack of raw materials threaten wood prices

Input material prices for Vietnamese wood exporters have risen sharply, but most of them are stuck in the mud as there seems no suitable way to increase their selling prices accordingly.
suez canal fiasco adding to prolonged trade difficulties

Suez Canal fiasco adding to prolonged trade difficulties

As the incident with the Ever Given on the Suez Canal has finally been resolved, Vietnam’s exporters can at least look forward to free routes for their goods. However, the pressure amid the ongoing health crisis and international trade tensions remains.
high hopes for pdp8 reform of energy mix

High hopes for PDP8 reform of energy mix

The Ministry of Industry and Trade has submitted the National Power Development Plan 8 for approval within this government tenure. Although the plan is designed flexibly, some experts pointed out possible inefficiencies and the risk of wasting financial resources.
global tourism heavy economies search for solutions

Global tourism-heavy economies search for solutions

While vaccine visas may open the doors to international travelling again, financing and the acceptance of such an initiative by countries around the world are two important factors in Vietnam’s implementation.