Opportunities

Vietnam aims to increase renewable power output from 58 billion kWh in 2015 to 101 billion kWh by 2020 and 186 billion kWh by 2030, equivalent to 7 percent of total supply in 2020 and 10 percent in 2030

That Macquarie shows interest in large scale investment projects in Vietnam would be a big push and motivation for enterprises from Vietnam and Australia, the governmental portal reported.

In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far.

Hanoi is committed to ensuring the best support for German companies.

The offer of such a size is expected to attract foreign investor and spur the company’s long-term growth.

Qualified startups would have an opportunity to work with a network of more than 60 local and international mentors and investors, while alumni included multi-million dollar valuation companies like Lozi.vn, TechElite, SchoolBus, among others.

The benchmark price in the first trading session is set at VND14,900 (US$0.65), while the actual price could fluctuate in a band of +/-20% of the benchmark price.

The report calls on the Vietnamese government to apply and increase the feed-in-tariff for all biomass energy technologies to USD9.35c per kilowatt hour (kWh) from the current tariff of USD5.4c per kWh.

The first phase of the project is scheduled to be completed and put into operation by 2022.

The government is offering foreign investors opportunities to participate directly and indirectly in the petrol and fuel industry to improve the competitiveness and performance of domestic petrol firms.

South Korea takes the lead among Vietnam’s investors with US$60 billion as of 2018 with the operations of giant corporations namely Samsung, LG, Hyundai Motor, SK, Lotte, POSCO, CJ, Hanwha, LH Corp, Shinhan, Kumho, and Hyosung.

The Asia Pacific region has the highest climate smart investment potential of any region in the world, representing by far the biggest opportunity in green buildings, estimated at a US$17.8 trillion opportunity by 2030.

US and China’s firms are looking at shifting production, assembly or sourcing of supplies to third countries, with Southeast Asia as the leading choice.

APEC’s member economies need to integrate “the Renewed APEC Agenda for Structural Reform (RAASR)” into their own agendas for better implementation

The committee, which began operations in October 2018 with 19 state-owned enterprises (SOEs) having total assets worth VND2,300 trillion (US$100 billion), is expected to make significant breakthroughs in the members’ operations and attract more investment inflows into its members.

Capital inflow into Vietnam, including both direct and indirect foreign investment, has been increasing over the past few years.

The Ministry of Industry and Trade (MoIT) is scrutinizing a plan to exempt special consumption tax on locally produced auto parts in a move to promote domestic auto manufacturing and build up a supply chain for the industry.

In the survey conducted by Q & Me, a Vietnam`s market research service, in 2017, 88% of Vietnamese searched online travel information, of which 35% used the Internet for tourist information.

The signing of the EU-Vietnam Free Trade Agreement (EVFTA) will create a big step in Vietnam’s government procurement field as foreign investors will be allowed to take part in the market for the first time.

The ministry has been requested to downsize its wholly-owned companies to 17 by end-2020.