Electricity prices approved for 15 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 15 wind and solar power plants after its negotiations with the Vietnam Electricity Group (EVN). Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam, said that 37 of 85 wind and
Riding on rocky roads
Any hope for improving business conditions by midyear has faded due to dismal demand in main markets and macroeconomic instability. New orders plunge In its first-quarter consolidated financial statement, Century Synthetic Fiber Corporation (HOSE: STK) posted net revenue of VND288 billion,
Shortage, but abundance
Despite looming concerns over a shortage of electricity this summer, many completed wind and solar power projects have yet to be connected to the national grid, given protracted pricing problems. Multibillion-dong investments remain on hold amid soaring electricity demand. As electricity producers
Chances from businesses with strong profit growth
Most enterprises have reported their profits for the first quarter of 2023. Besides those suffering a sharp decline as predicted, there are still businesses with unexpectedly strong growth, making their valuations attractive. Looking for opportunities The stock market staged a major rally on May
Worker shortage sparks concerns
Besides limited technological capability, Vietnamese mechanical engineering enterprises are upset about their trained workers leaving for foreign-invested companies or searching for opportunities to work abroad in labor cooperation programs. Meanwhile, the number of fresh technical and mechanical
Vietnam PM meets U.S. President Biden at expanded G7 summit
HCMC – Prime Minister Pham Minh Chinh met with U.S. President Biden yesterday, May 20, on the sidelines of the expanded G7 Summit in Japan to discuss measures to enhance bilateral relations. The two leaders agreed on several measures to beef up bilateral cooperation and exchanged views on regional
Giving Vietnam a taste of Hawaii
Ryan Tsutsui, a Hawaiian food store owner in HCMC for six years, has merged Hawaiian and Vietnamese flavors, contributing to the country’s thriving food culture. Hibachi Takeaway Restaurant, located at 655/2 Doan Van Bo Street, District 4, HCMC, is a place where the spirit of aloha can be found in
Navigating monetary policy amid economic turmoil
Exercising prudence in navigating monetary policy has become more critical than ever as recession risks, escalating inflation, slow global trade growth and a banking crisis in the U.S. are biting into the global economy. Inflation risk looms large The macroeconomic outlook in 2022 and early 2023
Beyond expectations
Vietnam and Indonesia have enjoyed a strong bilateral relationship with time-tested values. The two countries have successfully exceeded their target by 2023, with US$14 billion in bilateral trade. In an interview with The Saigon Times, Denny Abdi, Ambassador of Indonesia to Vietnam, shared his
Hanoi proposes planning the second airport to be an international airport
The Hanoi People's Committee proposed the Prime Minister and the Ministry of Transport to adjust and determine the function of the second airport as an international airport.
HCMC to build nine new pedestrian bridges along metro line
HCMC – The HCMC Management Authority for Urban Railways (MAUR) has said it will build nine pedestrian bridges at elevated stations along the Ben Thanh-Suoi Tien metro line. Of the 11 elevated stations, the MAUR plans to build the pedestrian bridges at nine elevated stations: Tan Cang, Thao Dien,
AEON pours US$1.2 billion into Vietnam
HCMC – Vietnam has received the largest investment from AEON till now, according to AEON president Akio Yoshida. The above information was given by Yoshida during his meeting with Prime Minister Pham Minh Chinh on May 20 on the occasion of PM Chinh’s attendance in G-7 Summit in Hiroshima, Japan.
