The good news is that the power industry can attract private investments which lift concerns about electricity. However, the bad news is that there is a high number of projects expected to become operational which may cause overloading of the transmission line. … [Read more...] about Solar, wind power projects to exceed transmission capacity
Powerball for october 27 2018
Many residential areas in central province of Thua Thien-Hue have been submerged due to heavy rains and floods “The U.S. Mission in Vietnam expresses our deepest condolences to the people of Vietnam for the loss of life, destruction of property, and displacement of people due to the flooding in central Vietnam. We stand together with the Government and the people of Vietnam as they mourn their loved ones, address the damage caused by this terrible flood, and move forward, as the people of Vietnam have always done. We pledge to assist you in your work to rebuild,” said Ambassador Kritenbrink. “I would also like to express my concern for persons with disabilities in the provinces affected by the typhoon as they are amongst the most vulnerable populations in this disaster. They are often home-bound, have less access to information and cannot take full advantage of preparedness activities and evacuation protocols,” he added. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
“Tourism service quality in Việt Nam had improved in recent years, but it has not yet attained its potential. A series of barriers remain, including traffic, food safety and slow digital transformation, while joint actions among agencies, local authorities, the private sector and State-owned industries in boosting tourism are yet to see rapid change,” Đam said. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
For the first 11 months of this year, exports likely rose 5.3% from a year earlier to $254.59 billion, while imports were up 1.5% to $234.50 billion, resulting in a trade surplus of $20.09 billion. … [Read more...] about Vietnam Nov trade surplus plunges to $600 mln, industrial output rises 9.2%