The beverage sector has called for a delay in Vietnam’s proposed tax increase on alcohol as the industry is at risk from high inflation, increased material costs, and low demand.
Offshore wind prospects in Vietnam are seeking stability as applications for project field surveys and wind assessments are being postponed, with developers waiting for a decree amendment on the use of marine resources.
The digital economy in Vietnam has strong growth potential, but faces a number of significant hurdles, including losses in tax revenue, infrastructure challenges, and vast carbon emissions.
A new e-vehicle competitor to VinFast may be around the corner after a Chinese manufacturer agreed to team up with Vietnam’s TMT Motors to launch budget models.
Foreign investors have been closely monitoring a proposed pilot on the direct power purchase agreements in Vietnam, especially those with a long-term business strategy in renewable energy. However, the country’s limited mechanisms may mean the long-term goals will be difficult to attain.
Thailand’s Super Energy Group is demonstrating its commitment in the Vietnamese market through expanding investment and its portfolio.
Manufacturing enterprises such as Saigon Beer-Alcohol-Beverage Corporation are heralding bright spots in Vietnam’s economic picture in 2022 that have created confidence and a foundation for 2023.
In Vietnam, new markets are emerging daily as more investors demonstrate attraction for wind power projects, and Power Engineering Consulting JSC 4 (EVNPECC4) is deemed to have strong capability in power grids, renewable energy, surveys, and more. The company’s chairman Le Cao Quyen talked to VIR’s Phuong Thu about the challenges and policy suggestions to develop wind power in Vietnam.
Due to several legal pitfalls, conflicts may occur among wind power investors, both onshore and off, as they take part in surveying activities for their potential projects.
Three months after ending the preferential policy of 50 per cent reduction in registration fees for domestically-assembled cars, the volume of imported cars to Vietnam has increased sharply.
Foreign investors are increasing activities in renewable energy in Vietnam through new tie-ups, with a focus laid on self-use electricity due to the country’s global commitments to a greener future.
The world’s biggest wind turbine makers are garnering lower profits in the context of the global energy crisis in Europe and uncertain policies in many other regions.
The parity of the Euro with the US dollar is causing some headaches for Vietnamese exporters, even though various importers are likely to reap more benefits.
Although the United States has frozen tariffs on Vietnamese solar panels for the next two years, the influx of cheap Chinese goods means there may not be enough domestic companies to take advantage of it.
A chasm between mechanisms and inconstant guidelines in localities is making it difficult for developers to install rooftop solar power for self-use.