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Vietnamese authorities have started developing specific guidelines for selecting investors to develop renewable energy projects under their management, weeding out weak investors and out-of-date technology.
The southern province of Long An will put constraints on the technology used in the estimated $5 billion Long An power centre project, even asking the plant for a total fuel source changeover from coal to natural gas in the wake of environmental concerns.
With the Vietnamese glass market experiencing severe oversupply, new glass projects will not receive licences in the country.
Prime Minister Nguyen Xuan Phuc has signed a decree to remove 675 out of the 1,216 business and investment conditions under the management of the Ministry of Industry and Trade as the ministry proposed to improve the legal system as well as the investment and business environment.
Japan’s second largest group, Nidec Group, joined hands with Vietnam's leading elevator and escalator firm Alpec to meet the growing demand for elevators in Vietnam and centralise control over product safety and quality.
From textile and garment to mobile phones, Vietnam's 2017 export-import picture was bright with a record $425 billion.
Leading Taiwanese apparel maker Eclat Fabrics has requested permission to increase dyeing production capacity in its Ba Ria-Vung Tau factory from 10 per cent of the factory’s output to 100 per cent, amid concerns from local authorities regarding the risk of adverse impacts on the environment of the Thi Vai River.
A draft amendment of the Ministry of Science and Technology’s Circular 23 on the required quality of used machine imports has come under fire for not amending the ‘rigid regulations’ which place difficulties on enterprises.
To attract investment in the renewable energy sector, the Ministry of Industry and Trade has confirmed that a mechanism to allow businesses to buy power at competitive prices from renewable energy generators will be piloted in 2018.
Danish wind turbine manufacturer Vestas and locally-invested Tan Hoang Cau signed a turbine supply contract for the 30MW Huong Linh 1 wind farm as well as a Memorandum of Understanding (MoU) for the pre-development of three other wind projects.