favourable factors allure japanese groups

Favourable factors allure Japanese groups

Vietnam has attracted plenty of foreign direct investment (FDI) into industrial manufacturing, and while previously overseas investors talked about the weakness of supporting industries, the current changes are step-by-step contributing to the attraction of FDI for the future. Chief representative of the Japan External Trade Organization in Hanoi, Hironobu Kitagawa, told VIR’s Phuong Thu about the new business opportunities available, as well as suggestions on how to increase its competition.
solar power a victim of its own success

Solar power a victim of its own success

Lured in by the feed-in tariff of 9.35 US cents for solar projects, investors are lining up for approval to generate gigawatts of power in the central provinces of Vietnam where solar irradiation is the strongest. However, the current grid is not ready to handle this incoming onslaught, putting renewable energy projects in risk and serving a valuable lesson for planners and latecomers.
abb upbeat about eu ftas pushing new green project wave in vietnam

ABB upbeat about EU FTAs pushing new green project wave in Vietnam

Vietnam and the European Union signed a free trade agreement, opening opportunities to boost trade between the euro bloc and one of Southeast Asia’s biggest manufacturing nations. As one of the earliest European investors in Vietnam, Brian Hull, country managing director of ABB in Vietnam, told VIR’s Phuong Thu about the high potential of the new wave of green projects contributing to Vietnam's sustainable development.
abbs next level dppa model advice

ABB’s next-level DPPA model advice

Vietnam is already home to many multinational companies that are committed to going 100 per cent renewable or have established science-based targets to reduce greenhouse gas emissions. Brian Hull, country managing director of ABB in Vietnam, told VIR’s Phuong Thu about the company’s efforts to unlock access to corporate power purchase agreements in Vietnam as part of achieving a zero emission future.
evfta puts wind in the sails of industry

EVFTA puts wind in  the sails of industry

The strong commitment to the open, fair, and rules-based trade of the EU-Vietnam Free Trade Agreement will further widen export markets for Vietnam and bring benefits to labour-intensive manufacturing, future digital economy and hi-tech manufacturers.
cashing in on benefits from eu agreement

Cashing in on benefits from EU agreement

The signing of EU-Vietnam trade and investment agreements last weekend is expected to bring unprecedented benefits to people and businesses on both sides. Minister of Industry and Trade Tran Tuan Anh shared with VIR’s Phuong Thu the significance to Vietnam’s international integration and explained how businesses cash in on the opportunities ahead.
evfta and evipa signed for new era trade and investment

EVFTA and EVIPA signed for new era trade and investment

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) were officially signed today in Hanoi, with expectations of giving a big push for trade and investment.
renewable energy to dispel outages

Renewable energy to dispel outages

The country is forecast to face bigger power shortages after 2020 due to many power projects in the revised master power plan falling behind schedule, especially in southern provinces. This is forcing Vietnam’s government to address delays and make full use of the potential of renewable energy development. Phuong Thu reports.
green school is the way to sustainable development in vietnam

Green school is the way to sustainable development in Vietnam

Green school represents one of the most significant opportunities for sustainable growth at both the national and global levels, and local developers have begun paying more attention to this concept. The fledgeling segment has great development potential as locals increasingly look for better living quality.
placing the region in line with incoming smart market trends

Placing the region in line with incoming smart market trends

The vision of Industry 4.0 emphasises the global networks of machines in a smart factory setting capable of autonomously exchanging information and controlling each other. Suttisak Wilanan, deputy managing director of Thailand’s Reed Tradex Co., Ltd., told VIR’s Phuong Thu how Southeast Asia, and particularly Vietnam, can expect to see a wide-scale divergence of supply chains coming its way.
new steel projects bewilder producers

New steel projects bewilder producers

As the domestic stainless steel production capacity far outweighs the actual demand, the Mekong Delta province of Tien Giang’s decision to approve the cold-rolled stainless steel project by two Chinese investors, after it was rejected at least twice in the southern province of Dong Nai, is causing local steelmakers a great deal of concern and drawing calls to tighten the licensing of new steel projects. Phuong Thu reports.  
new regulations to put wind into sails of onshore and offshore energy projects

New regulations to put wind into sails of onshore and offshore energy projects

Vietnam is serious about the future growth of its energy sector, which will be spurred by solar energy, thermal power generation, and wind energy. Duong Manh Cuong, senior project officer of the GIZ Energy Support Programme through the Ministry of Industry and Trade, spoke to VIR’s Phuong Thu about the new and changing incentives with wind power projects.
vietnam a rising destination for italian companies in industry 40

Vietnam a rising destination for Italian companies in Industry 4.0

Italian businesses are flocking to Vietnam to find opportunities as it is embracing Industry 4.0 to become a technology hub in Southeast Asia and break with its image of a low-cost, export-orientated manufacturing destination.
reed tradex signs for japanese expos

Reed Tradex signs for Japanese expos

The ASEAN’s leading exhibition organiser Reed Tradex has signed an agreement with the Japan External Trade Organization in order to present the Vietnam-Japan Supporting Industries Exhibition and Vietnam Manufacturing Expo, with the aim of strengthening partnerships between businesses in the supporting industries, and pushing towards being able to compete with the rest of the world.
upbeat outlook for ma in vietnamese solar power sector

Upbeat outlook for M&A in Vietnamese solar power sector

Foreign investors are expanding in the Vietnamese solar power sector via mergers and acquisitions deals or by establishing joint ­ventures with local players to save time as the commercial operation deadline for the ­coveted 9.35 US cent feed-in tariff looms.