strategies considered to cope with oil shifts

Strategies considered to cope with oil shifts

As there is no silver lining ahead just yet when it comes to stabilised oil prices, economists and associations agree that corporate taxes should be reduced and oil reserves built to help cope with the current dilemma, but both of these solutions would be costly.
oil and gas sector counting on vital new investment cycle

Oil and gas sector counting on vital new investment cycle

As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world.
order cuts put brakes on wood enterprises

Order cuts put brakes on wood enterprises

Profits of many industrial sector companies are slowing down, preventing recovery of the economy, and wood and timber groups are feeling the pinch perhaps more so than others.
vietnam urged to stir up coffee competition

Vietnam urged to stir up coffee competition

Despite its large coffee output, Vietnam only gains little from global coffee markets as the country mainly exports raw materials. To make use of its many free trade deals, the country’s coffee maker will have to up their game.
tungsten riches not yet in grip of giants

Tungsten riches not yet in grip of giants

While Vietnam wants to become a top supplier of tungsten for major tech companies, strict controls on source information mean achieving that goal is not guaranteed.
demand for cotton forces adjustments

Demand for cotton forces adjustments

Yarn producers are worried about lingering challenges due to the limited supply and new risks in the cotton market.
initiatives to support digital worker search

Initiatives to support digital worker search

Vietnam is pushing for digital transformation, yet still lacks some of the necessary human resources to reach its goal of building a digital economy that contributes a good third to its GDP by 2030.
electricity purchases from laos expanded to avert shortages

Electricity purchases from Laos expanded to avert shortages

With Vietnam close to being short of electricity, the government has requested the Ministry of Industry and Trade to review and promote cooperation in electricity purchases with Laos beyond 2025.
coal power balance back on the agenda

Coal power balance back on the agenda

Following global tensions and heatwaves in its metropolises, Vietnam is becoming more ravenous for energy by the day, demanding not just sufficient but also sustainable solutions against the backdrop of its zero emissions targets.
stakeholders in rice place focus on quality

Stakeholders in rice place focus on quality

Suggestions are being made to invest in processing and marketing techniques that add value to Vietnamese rice, with the country planning to limit production in the coming years.
black canal revitalised with unique boat tour offering

“Black canal” revitalised with unique boat tour offering

A special tour of a “black canal” in Ho Chi Minh City has transformed the area and provided amazing experiences for both local and foreign tourists.
plantations dreaming of fsc status for rubber products

Plantations dreaming of FSC status for rubber products

Vietnam’s rubber industry is struggling to meet the criteria set by the Forest Stewardship Council (FSC), especially those related to the requirement of having at least 10 per cent of a conservation area.
vietnam plans out domestic wood pivot

Vietnam plans out domestic wood pivot

To ease the dependence on imported wood and timber products, Vietnam aims to reduce the amount of imported material and instead strengthen the domestic supply – a goal the government aims to reach by applying a traditional carrot and stick approach.
petrol law advances tailored for benefits

Petrol law advances tailored for benefits

An amended Law on Petroleum is expected to revive funding opportunities for the oil and gas sector as many fields are reaching their productive peaks or experiencing a state of decline – as long as some outstanding issues are ironed out.
vietnam expecting to spend even more on imports

Vietnam expecting to spend even more on imports

Imported inflation is one key cause of increased prices in Vietnam, whose production is increasingly dependent on imports from other countries.