However, the purchase price of electricity from grid-connected solar power projects with planning and commercial operation dates before January 1, 2021 with the total cumulative capacity of not more than 2,000 MW in the southern province of Ninh Thuan – a solar power hotspot – will be entitled to a preferential price of 2,086 VND (9.35 US cents) per kWh. … [Read more...] about New tariff scheme approved to encourage solar development
Developments for renewable energy
"The COVID-19 pandemic is a challenge facing organizations across the globe, and it puts a premium on being a high trust people-first culture" said Michael C. Bush, Global CEO of Great Place to Work. "We honor the companies that earned places on our ranking of Asia's Best Workplaces because they will outperform their competitors and we hope this will inspire more companies to become a Great Place to Work For All." … [Read more...] about DHL Express ranked as Best Workplace in Asia by Great Place to Work® for second year
According to the Ministry of Planning and Investment, FIEs are suffering from a shortage of foreign experts and technicians while simultaneously encountering difficulties in importing raw input materials, negatively affecting production activities and the implementation of their projects nationally. Meanwhile, many FIEs have also endured severe financial difficulties as a result of the sharp decreases in consumption, leading to stagnancy in production, especially among businesses that had large export orders from countries hit by the coronavirus outbreak. … [Read more...] about Maintaining business stability a top task for foreign investors
Ha Loi Village, home to nearly 10,900 people, has been locked down for 14 days starting from April 7 in relation to patient No. 243, who had attended crowded events including a wedding and a death anniversary party with fellow villagers before the diagnosis. … [Read more...] about Vietnam’s COVID-19 tally reaches 251 with two new cases
Of course, the Vietnamese policy also entails risks. For example, the national debt will increase. Since 2016, the national debt has nearly touched the ceiling of 65%, which offers limited space to borrow more. In addition, it could happen that companies rely too much on government support rather than finding ways out of the crisis by themselves, which would ultimately make them strong. Vietnam should resist the temptations of long-standing Keynesian policies. This always leads to an upward spiral of state interventionism. There have been economic crises and there always will be. It would be alchemy to believe that Keynesian instruments can eliminate or dampen them. Measures may be necessary in this case, but they should be taken with a sense of proportion and be limited in time. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?