court opens posco vst thanh nam group debt claim

Court opens Posco VST-Thanh Nam Group debt claim

A representative of The Hanoi People's Procuracy said that Posco VST’s debt claim against Thanh Nam Group is grounded, but the final result will only be released by the Hanoi People’ Court today.  
filipino giant urc harbours great ambitions in vietnam

Filipino giant URC harbours great ambitions in Vietnam

With unceasing efforts throughout its 15 years of operations in Vietnam, Universal Robina Corporation is keen on expanding market coverage to become an important part of the foreign direct investment community and contribute to the country’s development.
vnpay partners up with vietjet to deploy qr payment

VNPAY partners up with Vietjet to deploy QR payment

The biggest QR code payment firm in Vietnam, VNPAY has entered into a co-operation with Vietjet to apply QR code technology for online ticket bookings.
powering digital solutions for the cement industry

Powering digital solutions for the cement industry

Alongside the requirements for high quality, the construction industry cannot avoid the issues of energy efficiency and eco-balance, and ABB’s digital solutions in these areas are expected to push the Vietnamese cement industry to the next level.
fies resist mof demands for more transfer pricing data

FIEs resist MoF demands for more transfer pricing data

Multinational companies are refusing to divulge what they deem corporate secrets in response to the local authorities’ requirement that foreign-invested enterprises provide more information on related-party transactions in order to combat transfer pricing and tax avoidance.
fit increase heralds renewable rush

FiT increase heralds renewable rush

While Vietnam is in the midst of a solar power rush and the feed-in tariff (FiT) scheme for solar power has been extended until the end of 2020 in Ninh Thuan, the country may also witness the start of a wind power rush, as the government has recently approved new incentives for wind power projects and an FiT increase. Phuong Thu reports.
vietnam one of pepsicos 20 priority markets

Vietnam one of PepsiCo’s 20 priority markets

One of the world’s largest food and beverage companies, PepsiCo, Inc. confirms that Vietnam is one of the company’s 20 priority markets across the globe and is the eighth in the Asia-Middle East-North Africa region.
new fit puts new wind in sails of renewables

New FiT puts new wind in sails of renewables

On September 10, the Vietnamese government approved the amendment and revision of the feed-in tariff for wind power defined by Decision No.37/2011/QD-TTg on the support mechanism for the development of wind power projects in Vietnam. Vu Chi Mai, senior project officer of the ‘Support to the Up-Scaling of Wind Power in Vietnam’ project under the GIZ Energy Support Programme, shared with Phuong Thu her views about the positive development.
a smarter grid for renewable energy needs

A smarter grid for renewable energy needs

Balancing variable power supply and demand has always been a challenge, but as the renewable share of total generation in many countries is growing, this challenge is becoming more critical.  At the same time, this challenge is also driving a new opportunities for digital solutions at the edge of the power grid. VIR’s Phuong Thu reports.
solar rooftop a major driver of green growth

Solar rooftop a major driver of green growth

Local and foreign investors are racing to register solar power projects in Vietnam to reap the benefits of the feed-in-tariff of 9.35 US cents, with solar rooftop considered a key driver to create a more stable power supply in the near future and put Vietnam on a greener path. VIR’s Phuong Thu reports.
nearly 2000 first graders receive quality helmets for new school year

Nearly 2,000 first graders receive quality helmets for new school year

The ceremony of handing out helmets to Grade 1 students for the new school year has taken place across Vietnam by the National Traffic Safety Committee in collaboration with the Ministry of Education and Training and Honda Vietnam.
abb powers industry 40 ambitions

ABB powers Industry 4.0 ambitions

As leaders from business, politics, science, and civil society convene at the World Economic Forum on ASEAN gathering to discuss what the future in the region may look like, ABB’s managing director for Southeast Asia Johan de Villiers told VIR’s Phuong Thu how the company’s position at the forefront of the Fourth Industrial Revolution, as well as how ABB’s offerings for the energy revolution can address the challenges being discussed.
foreign investors seek ma deals in renewables

Foreign investors seek M&A deals in renewables

Thanks to Vietnam’s incentive policies issued to lure investment capital into the renewable energy sector, foreign investors are expanding in the country through mergers and acquisitions deals.
aeon ends tie up with fivimart after four years of no success

AEON ends tie-up with Fivimart after four years of no success

Retail giant AEON has judged that its partnership with Fivimart will yield no fruits and is terminating the tie-up after four years of cooperation.  
abb factory in vietnam inaugurates solar power installation

ABB factory in Vietnam inaugurates solar power installation

ABB has installed a 75 kWp solar power installation to inject more than 50kW of clean power into its high-voltage and distribution solutions factory in the northern province of Bac Ninh.