firms ponder impact of new electricity hike

Firms ponder impact of new electricity hike

Vietnam last week raised its average retail electricity price by 3 per cent, in a move that could put upward pressure on inflation.
chinese tourism set to influence vietnams targets

Chinese tourism set to influence Vietnam’s targets

The future of Vietnam’s tourist business is about to shift as China finally reduces the degree of pandemic control and opens its borders.
funds required for vietnams petroleum reserves

Funds required for Vietnam’s petroleum reserves

Vietnam’s plan to raise its crude oil reserves to 2.2 million tonnes by 2025 will be an uphill task, even though the country’s production output is currently reaching 340,000 barrels per day.
increasing demand for rice points to favourable year

Increasing demand for rice points to favourable year

Vietnam’s rice is in a good position to bolster its status as one of the major export goods of the nation on the back of global restrictions due to supply issues and trade tariffs, as well as changing trends in wheat-consuming countries.
new balance required in exploitation of fossil fuels

New balance required in exploitation of fossil fuels

With global challenges on climate change as well as international commitments on emission reduction, Vietnam will require a strategy to effectively use coal power and follow suit with its goals.
rubber producers continue to brood over tough prices and tax complexities

Rubber producers continue to brood over tough prices and tax complexities

Vietnam’s rubber industry is facing difficulties from the global market and internal problems in tax policy, with farmers, associations, and businesses alike waiting for much-needed funds.
wood manufacturers on alert for unpredictable new year prospects

Wood manufacturers on alert for unpredictable new year prospects

While the United States is nearing a stance on imported wood that will affect Vietnam, domestic producers are being urged to modernise to survive.
vat refund delays cause fear of bad debt for wood groups

VAT refund delays cause fear of bad debt for wood groups

As VAT refunds represent a crucial part of the cash flow of timber processors, the current delay is throwing a wrench in the operations of woodchip, furniture, and other timber-based producers, leading related associations to call for easier regulations.
amendments to law on petroleum can go some way to help attract funds

Amendments to Law on Petroleum can go some way to help attract funds

Vietnam wants to introduce mechanisms and policies to attract more investment in oil exploration and production activities on the back of the amended Law on Petroleum, with experts, businesses, and legislators pointing out several core issues.
high inflation dragging down vietnamese wood exports

High inflation dragging down Vietnamese wood exports

Associations and businesses have acknowledged that the wood processing industry is struggling as exports to the United States decline.
temporary interest rate package requiring second look

Temporary interest rate package requiring second look

The reach of the 2 per cent lending rate support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance in improving the situation.
localities urged to rectify flaws in fishery sector

Localities urged to rectify flaws in fishery sector

With the visit of the European Commission’s delegations ahead, Vietnam’s ports and fishers are aiming to remedy the previously criticised issues regarding international fishing regulations.
co generation technology could act as solution to help balance power supply

Co-generation technology could act as solution to help balance power supply

While biomass energy from sugarcane and other agricultural by-products has proven to be financially rewarding and environmentally useful, smaller companies remain discouraged to participate.
vietnams seafood exporters suffering with euro fluctuation

Vietnam’s seafood exporters suffering with euro fluctuation

Following exchange fluctuations, Vietnamese seafood exporters are now faced with catastrophic changes in their orders, forcing them to lower export prices or find other solutions to stay competitive in the long run.
can coffee supply of vietnam satisfy chinese demand

Can coffee supply of Vietnam satisfy Chinese demand?

As the second-largest coffee exporter in the world, Vietnam is more than well equipped to represent a major supplier of China’s current and future demand for coffee.