The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate coal and gas-fired power generation and promote renewable energy to achieve the target of net zero emissions by 2050. Some of the 62 turbines of the Bac Lieu wind power plant in Bac Lieu province...

Vietnam's motorcycle market has been among some of the fastest-growing markets in the world in the last decades despite setbacks brought by the COVID-19 global pandemic, according to the Vietnam Association of Motorcycle Manufacturers (VAMM). A Honda Vietnam factory in the northern province of Vinh Phuc. (Photo: VNA) Currently, there are more than 70 million registered motorcycles in...

Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts. A residential area in Hanoi. Real estate becomes more attractive under the low interest rate context. (Photo: VNA) According to Huynh Minh Tuan,...

The National Power Development Plan VIII, which has been recently approved by the Prime Minister, aims to ensure national energy security, thus satisfying the country's socio-economic requirements in the time ahead. The plan strives to increase the share of renewable energy in the country's power mix to between 67.5-71.5 % by 2050. (Photo: VNA) The plan, which guides...

On June 2, the Provincial People's Committee held a preliminary conference to review One Commune One Product (OCOP) program for the period of 2019 - 2022. Mr. Ho Tien Thieu, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee chaired the conference. Delegates visit the booth displaying OCOP products of Bac Son district Attending the...

The total State budget revenue in the first five months of this year reached over 663.84 trillion VND (28.27 billion USD), equivalent to 48.3% of the ordinance estimate and 96.9% compared to the figure in the same period last year, reported the General Department of Taxation on June 2. Illustrative image (Photo: VNA) Out of 20 receipts and...

The State Treasury raised 162,952 billion VND (nearly 6.94 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year. Illustrative image (Photo: Dai bieu nhan dan newspaper) The amount was equal to 48.4% of the issuance plan in the second quarter, and 40.74% of the...

Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister. Illustrative image (Photo: VNA) The Strategy on Development of Vietnam's Rice Export Markets until 2030 sets the targets of improving the value of exported rice, and reducing export volume by...

Deputy Prime Minister Tran Hong Ha has requested the national energy master plan for 2021 - 2030, with a vision to 2050 reflect and help implement Vietnam’s commitments on net zero emissions and in the Just Energy Transition Partnership (JETP). Deputy Prime Minister Tran Hong Ha speaks at the meeting. (Photo: VNA) Ha made the request at a meeting...

More than 40 businesses are showcasing their products at a mechanical and electrical equipment exhibition that opened in Ho Chi Minh City on June 1. Visitors at a mechanical and electrical devices and digital technology fair opens in HCM City on June 1. (Photo courtesy of HCM City Investment and Trade Promotion Cente) The “HCM City Products Week...