Vietnam should add internal combustion engine power plants from 2022: Study
A study proposes developing a mechanism for reserve capacity payments for flexible power plants, and developing an ancillary services market for the Vietnam grid.
A study proposes developing a mechanism for reserve capacity payments for flexible power plants, and developing an ancillary services market for the Vietnam grid.
While the UK continues to be a potential market for Vietnam’s key export staples, the latter could be a springboard for British companies to reach a broader market in Southeast Asia.
Despite the severe Covid-19 impacts, trade revenue between Vietnam and the region rose 11.8% year-on-year in the first eight months this year to US$69.3 billion.
In addition to higher trade turnover, the implementation of the two new-generation and high-standard deals is pushing Vietnam to revise its legal framework to ensure compatibility.
National Power Development Plan VIII should be open, creating a space to mobilize and promote resources from enterpries.
A trade surplus of US$10.08 billion as of August 15 puts Vietnam in a strong position to surpass the record figure of US$11.12 billion in 2019.
By 2025, the trade ministry targets around 45% of small and medium enterprises of Vietnam taking part in e-commerce.
Industry and trade are two major pillars for the development of Vietnam’s economy in general, and that of Hanoi in particular, stated Hanoi’s Party chief Vuong Dinh Hue.
The trade ministry is studying the Electricity Law to make clear the scope of investment of the state and the private sector in the energy industry.
Vietnam’s molding and precision engineering industries generate revenue of over US$1 billion per year with annual growth of 18%.