development at stake with fit alteration

Development at stake with FiT alteration

The proposed dramatic reduction to the feed-in tariff risks seriously damaging the growth of Vietnam’s promising wind power sector, slowing down investment and the creation of new jobs and making it harder for the nation to meet growing energy demand, according to the Global Wind Energy Council.
smart factories are the future of manufacturing enterprises

Smart factories are the future of manufacturing enterprises

Entering the digital age, businesses and manufacturers must adapt to and lead the “new normal”. Yoon Young Kim, country president of Schneider Electric Vietnam and Cambodia, shared with VIR’s Huong Thuy his perspectives on Schneider Electric Vietnam’s strategies as well as how Vietnamese enterprises can utilise digital transformation at manufacturing factories.
vietnam honours clean up the world campaign

Vietnam honours Clean Up the World campaign

Ensuring the effective use and management of plastic waste has grown into a top global concern, and  is also high on the agenda of the annual global Clean Up the World campaign. Deputy Minister of Natural Resources and Environment Vo Tuan Nhan talked with VIR’s Phuong Thu about the practical actions Vietnam has implemented to realise the targets of the campaign.
rise with vietnam relay empowers country to overcome challenges

“Rise with Vietnam” relay empowers country to overcome challenges

Saigon Beer Alcohol Beverage Corporation, better known as Sabeco, has launched the “Rise with Vietnam” relay event, which aims to raise funds in support of Vietnamese workers adversely affected by the ongoing COVID-19 pandemic.
anxious carmakers hoping losses remain in rear mirror

Anxious carmakers hoping losses remain in rear mirror

Despite efforts in converting part of their facilities to produce ventilators and face masks for fighting the coronavirus pandemic, global carmakers are still reporting losses that are hoped to eventually change direction into profit again by the end of the year.
anti dumping lawsuits looming over exporters

Anti-dumping lawsuits looming over exporters

Trade protectionism is on the rise around the world, as governments attempt to limit the economic damage from the coronavirus pandemic. Chu Thanh Trung, deputy director of the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade, told VIR’s Phuong Thu the potential risks for Vietnamese products and how actively local businesses should acknowledge the new context.
insurer turns up heat on japanese appeal

Insurer turns up heat on Japanese appeal

General director Hideaki Maeomote of Bao Viet Tokio Marine Insurance (now Tokio Marine Insurance Vietnam) told VIR’s Phuong Thu about the company’s new brand commitment and experience of quality Japanese services for clients and how this new brand inspires customers to achieve their life goals.
nuts and bolts of vietnams historic trade deal with eu

Nuts and bolts of Vietnam’s historic trade deal with EU

The EU-Vietnam Free Trade Agreement (EVFTA) has come into force from the outset of August. Luong Hoang Thai, director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade talked with VIR’s Phuong Thu about the practical benefits and crucial tasks for the country to maximise the efficiency of the deal.
hexagons solutions to cut emissions

Hexagon’s solutions to cut emissions

The project development arm of Hexagon Holdings Singapore has announced a long-term power purchase agreement with New Wing Interconnect Technology (NWIT) for a rooftop solar system with a nominal power output of six megawatts peak.
planning for an energy rich future

Planning for an energy-rich future

Thanks to the government’s recent mechanisms on renewable energy, Vietnam is doing all it can to facilitate further attraction of the private sector. VIR’s Phuong Thu spoke to Nguyen Tuan Anh, deputy director-general of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, about how Vietnam can exploit sources of renewable energy.
no complacency for tourism industry

No complacency for tourism industry 

The central coast city of Danang has been named among the world’s 10 destinations favoured by South Korean, Thai, Japanese, and Singaporean families and couples, with Altara Suites emerging as a top choice among high-class hospitality establishments. General manager at Altara Suites Gary Warnock told VIR’s Phuong Thu how it is ensuring trust and loyalty at one of the top destinations for tourists looking for a second home.
abb know how aiding future thinking firms

ABB know-how aiding future-thinking firms

Vietnam is on the verge of experiencing an exciting phase of development with rapid industrialisation and urbanisation as well as a fast-growing middle class.  Noel Hupont, newly-appointed managing director and head of electrification for ABB Vietnam, told VIR’s Phuong Thu of the prospects for both international and local enterprises in this regard.
evfta blessings within arms reach

EVFTA blessings within arm’s reach

The legislature has been scrutinising a plan to adopt the EU-Vietnam Free Trade Agreement in early June, marking a milestone in the process of translating the deal into reality. Minister of Industry and Trade Tran Tuan Anh talked with VIR’s Huong Thu about how the deal will impact Vietnam’s trade and investment outlook and what needs to be done for implementation.
world famous resilience keeps up ma appetite

World-famous resilience keeps up M&A appetite

Although the current pandemic is spreading rapidly in many countries and causing severe damage to the global economy, Vietnam continues to effectively control the situation while ensuring that economic activities are not interrupted. Nicolas Audier, chairman of EuroCham, talked with VIR’s Phuong Thu about the domestic mergers and acquisitions market during and post-pandemic, and how Vietnam can gain in size and trust from foreign investors through this avenue.
addressing hindrances to ppp infrastructure projects

Addressing hindrances to PPP infrastructure projects

The public-private partnership (PPP) model is expected to make capital-intensive infrastructure projects more appealing to private investors and foreign players. Legal hurdles, however, persist as the PPP Law is only scheduled for submission to policymakers for consideration in the upcoming National Assembly session.