The Hanoitimes – The increase in biomass power prices is a big move to boost capacity of this energy source to 3,000 MW by 2030. Vietnam has decided to increase the feed-in-tariff (FIT) for biomas power projects to VND1,634/kWh (7.03 US cents) for co-generation heat power projects and VND1,968/kWh (8.47 US cents) for other types of […]
Read MoreThe Hanoitimes – Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers. Vietnam banks have so far extended payment terms for around VND21.75 trillion (US$934.85 million) in loans for customers affected by the Covid-19 epidemic, according to Nguyen Quoc Hung, director of the Credit Department under the […]
Read MoreThe Hanoitimes – It is estimated that 20-30% of the volume and revenue of Vietnamese shipping lines are generated from the Chinese market. A survey conducted by the Vietnam Logistics Business Association (VLA) revealed about 15% of logistics firms expected that revenue will plunge by 50% compared to 2019, while more than half of them estimated […]
Read MoreThe Hanoitimes – Taking tough measures for the safety of people has become the government’s top priority. The government of Vietnam has stated since the initial stage of the new coronavirus outbreak that it will do anything to protect local people, even at the expense of economic benefits. At the regular cabinet meeting in January, Prime Minister […]
Read MoreThe Hanoitimes – Vietnamese large fashion houses may suffer more heavily than small ones if Covid-19 lasts more than six months. Similar to the logistics and tourism industries, many enterprises in the textiles and garments industry are facing difficulties and bearing heavy losses as the new coronavirus epidemic is striking hard their operations in domestic and […]
Read MoreThe Hanoitimes – Vietnam has been on way to pursue an energy transition that reduce carbon emission and develop renewable sources in an effort to combat climate change . Liquefied natural gas (LNG) has been considered a source of energy that is able to meet Vietnam’s rising power demand and clean enough in comparison with coal […]
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