Vietnam Issues Preferential Tariffs, Rules of Origin Guidelines for UKVFTA
As the UK-Vietnam free trade agreement (UKVFTA) took effect on May 1, Vietnam has been issuing several regulations to implement the free trade agreement. Investors should be aware of the implementing decrees to take advantage and reduce costs if trading goods between the two countries.
Vietnam issues updated guidelines for wind energy projects
The Ministry of Industry and Trade in Vietnam has issued updated guidelines for onshore and offshore wind power projects in the country. Effective from 28 February 2019, Circular No 02 of the Ministry of Industry and Trade of Vietnam (MOIT) provided updated guidelines on developing onshore and offshore wind power projects in Vietnam. Law firm Baker […]
Vietnam Jan-Nov crude oil imports up 52.3%, output down 13.5%
HANOI, Nov 29 (Reuters) – Vietnam’s crude oil imports in the first 11 months of this year rose 52.3% from a year earlier to 10.82 million tonnes, government data released on Sunday showed.
Vietnam joins IAEA Board of Governors
Vietnam was elected to the 2021-2023 term Board of Governprs of the International Atomic Energy Agency (IAEA) during its latest session in Vienna.
Vietnam jumps 5 places in global ranking of renewable energy attractiveness
Vietnam has risen five places to 34th out of 40 economies in a global ranking of attractiveness in terms of renewable energy investment.
Vietnam keen on pushing for renewable energy: Minister
Vietnam has been actively building energy planning in the direction of reducing thermal electricity, increasing renewable energy and developing gas-fired power in a rational manner, according to Minister of Industry and Trade Nguyen Hong Dien. Discussing energy-related issues at a recent meeting with Jung In-sub, CEO of Hanwha Energy Group from the Republic of Korea, […]
Vietnam keen to maximize upstream output, crude exports to offset fuel import bills
Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17.
Vietnam lacks mechanisms for private investment in renewable energy
Hanoi (VNS/VNA) – Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity. Nguyen Tam Tien, General Director of the Trung Nam Group, the first and only enterprise so far allowed to invest in national grid transmission infrastructure, highly appreciated the Politburo’s Resolution […]
Vietnam leads transition to clean energy in South-East Asia, says The Economist
Vietnam is leading the transition to clean energy in South-East Asia and is a bright spot on an otherwise soot-black map, according to an article published recently on The Economist. In the four years to 2021, the portion of electricity generated by solar in Vietnam increased from practically nothing to nearly 11 per cent, the […]
Vietnam legislature approves further 50% cut in environment tax on fuel
Vietnam’s national assembly approved on Wednesday (Jul 6) a plan to cut environment tax on fuel by half for the second time in three months as soaring energy prices put pressure on inflation, state television reported.