Up 4.8 percent, Vietnam

Up 4.8 percent, Vietnam's electricity price high or low in region?

The average retail price of electricity in Vietnam is VND2,103.1159 per kWh, equivalent to about US$0.084 per kWh, lower than the global average.
MoIT approves price framework to purchase electricity from Laos

MoIT approves price framework to purchase electricity from Laos

HÀ NỘI — The Ministry of Industry and Trade has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.
Việt Nam seeks Japan

Việt Nam seeks Japan's cooperation in hydrogen energy development

Vietnamese Consul General in Fukuoka Vũ Chi Mai pledged to support the NIC and the Ministry of Planning and Investment in seeking Japanese partners to help Việt Nam build and implement the hydrogen energy policy.
Opportunity to lead region in developing offshore wind supply chains

Opportunity to lead region in developing offshore wind supply chains

The opportunity arises from Việt Nam's significant offshore wind potential, estimated at around 600 GW.
Amended Electricity Law is expected to remove bottlenecks for gas-fired and offshore wind power

Amended Electricity Law is expected to remove bottlenecks for gas-fired and offshore wind power

HÀ NỘI — The amendments being considered to the Electricity Law should remove bottlenecks and create a favourable environment for the development of gas-fired and offshore wind power projects, experts said at a conference on Wednesday.
Revising the Electricity Law to create a legal framework for developing energy sources

Revising the Electricity Law to create a legal framework for developing energy sources

HÀ NỘI — Experts have emphasised the need to revise Việt Nam’s Electricity Law to align with the Party's energy policies and ensure consistency across the nation’s legal framework.
Increase in electricity prices concerns manufacturers

Increase in electricity prices concerns manufacturers

HÀ NỘI — The average electricity retail price has been increased by 4.8 per cent to VNĐ2,103.11 (US$0.085) per kWh on October 11, triggering worries about its impact on commercial and residential customers.
Việt Nam’s renewable energy needs opportunities to accelerate localisation

Việt Nam’s renewable energy needs opportunities to accelerate localisation

Several Vietnamese enterprises are able to manufacture hundreds of individual wind turbine components at a time and sell them directly to foreign wind power companies or major turbine suppliers.
Foreign investors interested in Vietnam’s LNG infrastructure

Foreign investors interested in Vietnam’s LNG infrastructure

HANOI – Foreign investors, particularly those from the US, have expressed their interest in investment opportunities in Vietnam’s liquefied natural gas (LNG) infrastructure market to meet the country's energy needs.
Bến Tre to boost new, renewable energy development

Bến Tre to boost new, renewable energy development

Developing wind power projects will be one of the driving forces for Bến Tre Province’s socio-economic development, Permanent Deputy Prime Minister Nguyễn Hoà Bình said at a seminar held in the province on October 2.
Efforts exerted to complete transmission line carrying electricity from Laos in October

Efforts exerted to complete transmission line carrying electricity from Laos in October

HANOI – Efforts have been made to finish the 220kV Nam Sum – Nong Cong transmission line project in October to facilitate electricity imports from Laos to Vietnam to meet the rising demand in northern provinces.
Trị An – the largest hydropower project in the southern region

Trị An – the largest hydropower project in the southern region

ĐỒNG NAI — Trị An Hydropower Plant, built on the Đồng Nai River which flows through the southern province of Đồng Nai, is the largest hydropower project in the region.
Gov’t to issue decree on rooftop solar power next week

Gov’t to issue decree on rooftop solar power next week

Prime Minister Pham Minh Chinh has directed the Ministry of Industry and Trade to gather feedback and finalize a draft decree on encouraging rooftop solar power, for submission to the government for issuance next week.
Government urges learning from international experience to develop nuclear energy in Việt Nam

Government urges learning from international experience to develop nuclear energy in Việt Nam

Nuclear energy could supplement the country's energy base and minimise environmental risks, with the Government asking for a report to be submitted to the Politburo.
Norwegian renewable energy solutions provider sells wind plant in Vietnam

Norwegian renewable energy solutions provider sells wind plant in Vietnam

The Norwegian renewable energy provider, Scatec ASA, is exiting the Vietnam renewable energy market seeking more growth options elsewhere.
Bac Lieu plans to become renewable energy export hub

Bac Lieu plans to become renewable energy export hub

HANOI - Deputy Prime Minister Tran Hong Ha has signed off a development plan for the Mekong Delta province of Bac Lieu that will cost 16-18 billion USD from now until 2030.
Việt Nam needs to consider energy storage to ensure energy security

Việt Nam needs to consider energy storage to ensure energy security

Việt Nam needs to consider the development of a battery energy storage system (BESS) to ensure energy security and sustainable development, experts have said.
Power restored to nearly 99pct of typhoon-affected clients

Power restored to nearly 99pct of typhoon-affected clients

EVN units in northern Việt Nam are continuing to mobilise personnel, vehicles, and equipment to repair the damage caused by the storm and ensure full power restoration to the remainders as soon as possible.
Electricity supply resumed to over 4.8 million customers affected by typhoon

Electricity supply resumed to over 4.8 million customers affected by typhoon

Units under the Northern Power Corporation have been making efforts to promptly fix the problems. By the morning of September 11, a total of 1,376 out of 1,604 medium-voltage power lines with incidents were resumed operation.
Power transmission line completed at remarkable speed

Power transmission line completed at remarkable speed

The 500kV circuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen is a special project, completed at remarkable speed, representing a major achievement for the power sector.
Vietnam makes renewable energy goals achievable

Vietnam makes renewable energy goals achievable

(VEN) - Conclusion 76-KL/TW has paved the way for Vietnamese enterprises to the proactive development of offshore wind power development strategies and roadmaps.
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Exhibitions in Hà Nội downtown celebrate Heritage Day

Exhibitions in Hà Nội downtown celebrate Heritage Day

This year marks the 19th anniversary of the Việt Nam Cultural Heritage Day since its inception in 2005, aiming to promote the traditions and sense of responsibility among those working to protect and promote the value of Việt Nam's cultural heritage.
Speculation a factor behind skyrocketing housing prices in major cities: ministry

Speculation a factor behind skyrocketing housing prices in major cities: ministry

The Ministry of Construction's statistics showed that in major cities including Hà Nội and HCM City, apartment prices continued to increase in the third quarter of this year by around 4-6 per cent or 22-25 per cent from the beginning of this year.
Party chief visits embassy, meets with Vietnamese community in Malaysia

Party chief visits embassy, meets with Vietnamese community in Malaysia

General Secretary of the Communist Party of Vietnam Central Committee To Lam, his spouse and a high-ranking Vietnamese delegation visited the Vietnamese Embassy and met with representatives of the Vietnamese community in Malaysia on November 23.
Party General Secretary receives leaders of major Malaysian groups

Party General Secretary receives leaders of major Malaysian groups

Vietnam always treasures and welcomes Malaysian enterprises to invest and do long-term business in the country, and continues to perfect its legal framework, improve the investment and business environment, and simplify administrative procedures to create the best conditions for them, General Secretary of the Communist Party of Vietnam Central Committee To Lam has affirmed.
Agritourism needs opportunities to “take off”

Agritourism needs opportunities to “take off”

Vietnam, with its developed agriculture, holds huge potential to development rural and agricultural tourism. However, this type of tourism has yet to receive appropriate attention, and is still waiting for suitable policies and right opportunities to “take off”, insiders have said.
strengthening vietnam cambodia friendship and cooperation

Strengthening Vietnam-Cambodia friendship and cooperation

Chairman of the National Assembly Tran Thanh Man leads a high-ranking delegation to make an official visit to Cambodia, and attend some international events hosted by the neighboring country on November 21 to 24.
vietnam malaysia strategic partnership

Vietnam - Malaysia Strategic Partnership

Since the establishment of diplomatic relations, the relationship between Vietnam and Malaysia has been continuously strengthened and developed positively across all areas, especially since it was upgraded to a Strategic Partnership in August 2015.
vietnam dominican republic strengthening cooperation

Vietnam, Dominican Republic strengthening cooperation

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).
vietnam brazil strategic partnership

Vietnam - Brazil strategic partnership

During his trip to Brazil from November 16-19 for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh held talks with Brazilian President Luiz Inácio Lula da Silva. The two leaders agreed to elevate the Vietnam-Brazil bilateral relations to a Strategic Partnership and issue a joint statement on the upgrade of the ties.
nhon hanoi station elevated urban railway comes into operation

Nhon - Hanoi Station elevated urban railway comes into operation

The elevated section of the pilot Nhon - Hanoi Station urban railway project has officially entered commercial operation, three months after its debut. This marks a pioneering step toward green transformation, laying the foundation for the capital's public and sustainable transportation development.
New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

Currently, the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
Parliament approves amendments to pharmacy law

Parliament approves amendments to pharmacy law

On drug price management, the NA Standing Committee reviewed and concurred with the Government’s proposal to implement measures for publishing projected wholesale prices for prescription drugs.
VAT tax reduction should continue until mid-2025: Ministry

VAT tax reduction should continue until mid-2025: Ministry

Hanoi - The Ministry of Finance (MoF) has proposed Vietnam's value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
NA deputies scrutinise investment policy for North-South high-speed railway project

NA deputies scrutinise investment policy for North-South high-speed railway project

The preliminary total investment for the project is estimated at VNĐ1.7 quadrillion (around US$67.34 billion). To ensure its progress and success, 19 special policies have been proposed.
Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Solutions discussed to ensure coal supply for electricity generation in 2025

Solutions discussed to ensure coal supply for electricity generation in 2025

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Workshop seeks ways to attract Japan’s green investment to Vietnam

Workshop seeks ways to attract Japan’s green investment to Vietnam

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HDBank wins three awards at Vietnam Listed Company Awards 2024

HDBank wins three awards at Vietnam Listed Company Awards 2024

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.
VIB, Flywire partner to streamline cross-border payments for students from Vietnam

VIB, Flywire partner to streamline cross-border payments for students from Vietnam

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.
Vietcombank issues 2 trillion VND worth of green bonds for first time

Vietcombank issues 2 trillion VND worth of green bonds for first time

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.
UK stands ready to help Vietnam build international financial hub

UK stands ready to help Vietnam build international financial hub

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.
Significant progress in fisheries

Significant progress in fisheries' environmental protection but challenges remain

All provinces and cities across the country had issued plans and directives to implement specific activities of the project in line with local conditions.
Hà Nội prepares for temperature drop as cold front approaches

Hà Nội prepares for temperature drop as cold front approaches

According to the NCHMF, the cold front will result in temperatures dropping sharply across the northern region.
Hundreds of damaged irrigation reservoirs need repairing

Hundreds of damaged irrigation reservoirs need repairing

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.
Greening e-commerce crucial for sustainable development

Greening e-commerce crucial for sustainable development

(VEN) - While e-commerce has emerged as a leading sector of the digital economy, driving economic growth and leading the digital transformation of businesses, it has also resulted in significant waste with adverse environmental impacts.
Việt Nam and Korean NIPA strengthen tech cooperation

Việt Nam and Korean NIPA strengthen tech cooperation

The Minister of Information and Communications, Nguyễn Mạnh Hùng, commended NIPA for its contributions in assisting Việt Nam in establishing a legal framework for the draft digital industry law.
Cyberattack risks surge with AI advancements

Cyberattack risks surge with AI advancements

Cyberattacks are becoming more sophisticated and complex, especially with the assistance of artifical intelligence (AI), said Deputy Minister of Information and Communications Bùi Hoàng Phương.
People, community at heart of digital transformation: Deputy PM

People, community at heart of digital transformation: Deputy PM

He called on countries and organisations to bolster close cooperation to build an Internet community of safety, responsibility and development while laying stress on Việt Nam's significant progress in the digital transformation programme.
AI is core technology of 4th Industrial Revolution: Minister

AI is core technology of 4th Industrial Revolution: Minister

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.
WB suggests five pillars for Vietnam’s electric transport plans

WB suggests five pillars for Vietnam’s electric transport plans

Vietnam’s roadmap for transitioning to electric vehicles (EVs) and decarbonising the transport sector should focus on five key pillars, including EV production, stimulating consumer demand, developing charging infrastructure, ensuring electricity supply, and training a highly skilled workforce, according to a report issued by the World Bank on November 22.
Association boosts insurance sector’s sustainable development

Association boosts insurance sector’s sustainable development

(VEN) - The Insurance Association of Vietnam has effectively played its role as a bridge between its member insurance companies and relevant state authorities while protecting the legitimate rights and interests of its members. Vietnam Economic News’ Kim Xuyen spoke with Nguyen Xuan Viet, Chairman of the Insurance Association of Vietnam about this.
Vietnam, Venezuela step up educational cooperation

Vietnam, Venezuela step up educational cooperation

Mexico City - An educational cooperation agreement for the 2024-2029 period was signed by Vietnam’s University of Technology and Management (UTM) and Andrés Bello Catholic University (UCAB) of Venezuela on November 21 as part of activities celebrating the 35th anniversary of diplomatic relations between the two countries (December 18, 1989-2024).
A series of scientific seminars on influenza prevention

A series of scientific seminars on influenza prevention

In Ho Chi Minh City, Sanofi Southeast Asia and India successfully organized and leveraged a series of scientific seminars on influenza, attracting over 400 healthcare professionals from both the region and around the globe.
Doubling insurance product’s payout significantly benefits customers

Doubling insurance product’s payout significantly benefits customers

(VEN) - The Agriculture Bank Insurance Joint Stock Corporation (ABIC) has officially doubled the maximum payout for its Bao An insurance product to VND1 billion. This is a major breakthrough, enhancing financial protection for customers amid an increasingly volatile economy and rising demand for financial security.
PJICO: 30 years of development

PJICO: 30 years of development

(VEN) - Throughout the past 30 years of establishment and development, Petrolimex Insurance Corporation (PJICO) has solidified its position in the non-life insurance sector and overcame numerous challenges.
VN takes part in food and beverage fair in Chicago

VN takes part in food and beverage fair in Chicago

The event is organised by the Private Label Manufacturers' Association (PLMA).
Hòa Bình honey awaits reactions from UK

Hòa Bình honey awaits reactions from UK

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.
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Exhibitions in Hà Nội downtown celebrate Heritage Day

Exhibitions in Hà Nội downtown celebrate Heritage Day

This year marks the 19th anniversary of the Việt Nam Cultural Heritage Day since its inception in 2005, aiming to promote the traditions and sense of responsibility among those working to protect and promote the value of Việt Nam's cultural heritage.
Vibrant cultural rendezvous in Hanoi

Vibrant cultural rendezvous in Hanoi

(VEN) - The 2024 International Food Festival will take place from December 7-8 in Hanoi, aiming to promote cultural and culinary exchange among nations.
Cultural activities celebrate Việt Nam Heritage Day

Cultural activities celebrate Việt Nam Heritage Day

One hundred paintings from traditional folk painting villages in Việt Nam will go on display at the central city’s Fine Arts Museum in celebration of Heritage Day from November 22-30.
Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.
Agritourism needs opportunities to “take off”

Agritourism needs opportunities to “take off”

Vietnam, with its developed agriculture, holds huge potential to development rural and agricultural tourism. However, this type of tourism has yet to receive appropriate attention, and is still waiting for suitable policies and right opportunities to “take off”, insiders have said.
Golden time for community-based tourism development

Golden time for community-based tourism development

(VEN) - Community-based tourism is a model in which local communities provide tourists with products and services and share the benefits generated by tourism.
Christmas Festival to entertain visitors to Đà Nẵng

Christmas Festival to entertain visitors to Đà Nẵng

A public space in celebration of Christmas Day and New Year – Danang X’mas-New Year – will be opened at the pedestrian area and stages on the Hàn River banks near the Rồng (Dragon) Bridge from December 19 to January 2, offering entertainment and festive activities for all residents and visitors.
How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

Not only is trekking to the top of a mountain an active physical workout and you get a clean intake of oxygen, it is about the joy of overcoming yourself.
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