Industry

Vietnam's sole power distributor Vietnam Electricity (EVN) said it will ensure electricity supply to quarantine facilities and Covid-19 treatment centers.

Three commercial banks have committed to providing a combined loan sourced from the refinancing fund of the central bank.

The consortium will execute the contract package in four years, using ultra-supercritical technology.

These projects will help restore natural systems on land and water that the world is relying on to achieve a better environment.

Eight business sectors, including hospitality services, retail, garment, car manufacturing, agriculture, logistics, aviation, and IT are facing an unprecedented crisis.

Supporting policies are needed to stabilize the labor market and pursue the country's twin goal, Prime Minister Pham Minh Chinh has said.

Government support programs with better disbursement plans are needed to help those in need overcoming the current crisis.

A cut of steel prices from Vietnam's major steelmakers will drive up the domestic market in the next months.

The economic recovery will base on large-scale corporations that are capable to deal with current difficulties.

Several signs suggest slowdown in economic activity if the pandemic is not contained in the short term.

Low productivity and lack of high-quality manpower are issues that Vietnamese firms should work on to join the production chains of Japanese enterprises.

Vietnam has a globally relevant offshore wind resource, enabling it to generate 30% of total national electricity by 2050.

Vietnam has emerged as one of the new personal protective equipment (PPE) suppliers globally.

Vietnam has been successful in containing Covid-19 and has benefited from fiscal measures supporting public investment and robust foreign direct investment (FDI) inflows.

The wind farm is expected to be commissioned by the end of third quarter of 2021.

Difficulties and challenges would serve as motivation for the country to move forward.

Movie distributors and cineplex operators have called for cutting 50% of value-added tax and payment deferral of such tax until December 31, 2021.

The Vietnam Electricity warned that the prolonged burning weather might lead to local grid failure.

Business sentiment eased to a three-month low on worries about the Covid-19 outbreak, but firms remained optimistic overall that output will increase over the coming year.