Chinese President Xi Jinping on Tuesday promised to open the country's economy further and lower import tariffs on products including cars, in a speech seen as conciliatory amid rising trade tensions between China and the United States. While most of the pledges were reiterations of previously announced measures, Xi's comments sent U.S. stock futures, the dollar and Asian shares higher. Xi said that China will sharply widen market access for foreign investors, a chief complaint of the country's trading partners and a point of contention for U.S. President Donald Trump's administration, which has threatened billions of dollars in tariffs on Chinese goods. The speech at the Boao Forum for Asia in the southern province of Hainan had been widely anticipated as one of Xi's first major addresses in a year in which the ruling Communist Party marks the 40th anniversary of its landmark economic reforms andopening up under former leader Deng Xiaoping. Xi said China would raise the foreign … [Read more...] about China’s Xi renews pledges to open economy, cut tariffs this year
Renewables
Thai and Spanish investors to enliven renewable energy sector
The list of renewable energy projects registered by foreign investors in Vietnam has been lengthened by projects from Thai and Spanish investors. Siemens Gamesa to develop 39MW wind farm in Ninh Thuan Siemens Gamesa Renewable Energy (SGRE) from Spain continues to reinforce its presence in Vietnam via developing the second phase of its existing 39 megawatt Dam Nai wind farm, located in the south central province of Ninh Thuan. However, the investment capital of the second phase has yet to be published. According to the plan, the company will furnish the remaining 12 turbines for commissioning by October this year. Siemens Gamesa will also handle the management and maintenance of the facility for the next ten years. "We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects," highlighted Álvaro Bilbao, CEO of Siemens Gamesa in the Asia-Pacific. Previously, in April 2017, SGRE, in collaboration with TSV JSC and the … [Read more...] about Thai and Spanish investors to enliven renewable energy sector
Investors rush to book land plots for renewable energy projects
VietNamNet Bridge - The renewable power market has heated up in the last two years. Investment promotion conferences have been held and more projects have been registered by both Vietnamese and foreign investors. The renewable energy market has heated up in the last two years A recent report from USAID (United States Agency for International Development) found that in the solar power sector, as of 2017, more than 100 new projects had been planned, including 70 in Binh Thuan province. Transparency International (TI), in a recent special report about Vietnam’s renewable energy market, warned that poor administration and low transparency may lead to massive corruption in the market. The two major risks are related to programming and licensing of investors, and land access. It is possible that they will never implement the projects, but they can re-sell the land they book today to investors who have real demand. An analyst said that nearly all land plots in advantageous … [Read more...] about Investors rush to book land plots for renewable energy projects
National renewable energy summit opens in Nha Trang
The three-day event, a match-making platform for key stakeholders in the renewable energy sector, has brought together some 30 local investors, including TTC Energy, KN Group, Phu Cuong, Ocean Group and Hado Group and international developers and investors like Tata Power, Mainstream and Blue Circle. The 2018 Viet Nam Renewable Energy Summit opened in the central coastal city of Nha Trang yesterday. Also taking part are subsidiaries of the State-owned Electricity of Viet Nam like the National Load Dispatch Centre, Power Engineering Consulting Joint Stock Company No 3, and Thuan Bình Wind Power Joint Stock Company. There are several conferences, workshops, exhibitions and match-making forums, and industry players will share their knowledge and widen business contacts. VRES 2018 has topical sessions to discuss market intelligence and connect key investors with approved renewable projects that are looking for investment. Promotion of renewable energy The Ministry of Industry and … [Read more...] about National renewable energy summit opens in Nha Trang
Nha Trang to host Viet Nam Renewable Energy Summit 2018
VRES 2018 will be a match-making platform for key stakeholders in Viet Nam’s renewable energy sector to source potential partnership in renewable sectors. — VNA Photo The Viet Nam Renewable Energy Summit 2018 (VRES 2018) will take place on March 26 to 28 in InterContinental Nha Trang in the south-central province of Khanh Hoa’s Nha Trang City. VRES 2018 is organised by Neoventure Corporation, an energy advisory firm which helps international investors identify investment opportunities in the energy sector of emerging markets. The event will be a match-making platform for key stakeholders in Viet Nam’s renewable energy sector to source partnerships in renewable sectors. It is expected to gather some 30 local developers, including TTC Energy, KN Group, Phu Cuong, Ocean Group and Hado Group, together with international developers and investors like Tata Power, Mainstream and Blue Circle. Government bodies and State-owned Electricity of Viet Nam together with its … [Read more...] about Nha Trang to host Viet Nam Renewable Energy Summit 2018