Electricity market revamp on cards

Electricity market revamp on cards

A retail electricity market would mark a step towards market liberalisation efforts that enable consumers to choose who they wish to buy electricity from. To realise such a market, Vietnam’s Law on Electricity, as well as related documents will require certain adjustments to accommodate purchase agreements and other tools.
Rising demand for coffee in EU opens doors for increased Vietnamese offerings

Rising demand for coffee in EU opens doors for increased Vietnamese offerings

Europeans love their morning coffee – and Vietnam could continue to profit from this habit if domestic exporters make good use of the trade agreement with the EU. However, the competition remains active too, increasing the pressure from markets like Brazil and Southeast Asia, in addition to the seemingly ever-lasting challenges in freight costs.
Authorities in race to clean up Chinese border gate stagnation

Authorities in race to clean up Chinese border gate stagnation

As China continues its zero-COVID strategy, bilateral trade between the economic giant and Vietnam has fallen into near-hibernation, leaving many goods stuck at the border gates for weeks.
External action undermines coal direction

External action undermines coal direction

Despite Vietnam’s commitment to reduce coal-dependent power resources in the long term, the sector’s black diamonds are in huge demand by the country’s electricity plants, which may face shortages due to a trade ban from Indonesia.
Challenges ahead to access RCEP’s fresh opportunities

Challenges ahead to access RCEP’s fresh opportunities

The implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) will enhance competitiveness in Vietnamese goods and services in the context of an import-export-dependent economy.
Positive indicators light up footwear trade to US

Positive indicators light up footwear trade to US

Vietnam is emerging as one of the largest suppliers of footwear and leather accessories to the United States, opening more opportunities for domestic companies to exploit the world’s largest market for these goods.
Universal issues continue to thwart timber businesses

Universal issues continue to thwart timber businesses

Coupled with the ongoing shortage of shipping containers, a hike in raw material prices and the pandemic continue to cause issues for exporters of timber products, exacerbating the desire for timely solutions and a more sustainable supply chain.
Vietnam leads way in Indian interest

Vietnam leads way in Indian interest

On the back of global developments in the past few years, Vietnam’s trade relationship with India has ample potential to evolve into a full-fledged trade partnership, with India focusing on infrastructure projects in Vietnam’s territory. However, more must be done to materialise these hopes as trade remained modest throughout the last year.
Coffee market feels brunt of fluctuating policies

Coffee market feels brunt of fluctuating policies

Coffee prices reversed their course and fell from the previous sessions, as investors seem less worried about the impact of a new coronavirus variant – however, market analysts believe that prices will further normalise towards the last days of the year.
Finance and capacity lead energy transition dilemma

Finance and capacity lead energy transition dilemma

The Vietnamese government is calculating an additional plan for the development of power sources in the country, considering the contingency and reduction of coal power sources following the COP26 climate summit.
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