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In Document No. 3158/TTr-EVN recently submitted to its Members’ Council, the State-owned group pointed out there is currently no clear legal basis for connecting rooftop solar power systems with the national grid as well as the establishments where they are installed for self-consumption. It said in the recent past, EVN and subsidiaries received opinions from investors and the community regarding the temporary suspension of connecting rooftop solar power systems with the grid pending Government issuance of mechanisms and the Ministry of Industry and Trade’s guidance for implementation. Foreign investors and domestic organisations guaranteed by foreign investors or international development funds asked for permission to use their own rooftop solar systems. For example, the Norsk Solar Vietnam Co. Ltd, guaranteed by investors and development funds of the Norwegian and Finnish Governments, asked for permission to use rooftop solar power systems for industrial parks, factories, and … [Read more...] about EVN suggests solutions to rooftop solar power-related issues

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on July 5. - Prime Minister Pham Minh Chinh chaired the 15th meeting of the National Steering Committee for COVID-19 Prevention and Control on July 5 amid the appearance of the BA.5 sub-variant of Omicron. Opening the teleconference with the 63 localities nationwide, PM Chinh, who is also head of the committee, pointed out that the pandemic remains unpredictable around the world with the emergence of the BA.5 sub-variant of Omicron in many countries. Read full story - Standing Vice Chairman of the National Assembly (NA) Tran Thanh Man hosted a reception in Hanoi on July 5 for a delegation from Indonesia’s Regional Representative Council (DPD) led by Chairperson of its Committee for Parliamentary Cooperation Sylviana Murin. Man said the visit demonstrates the resumption of the two legislative bodies’ delegation exchange activities after a long disruption due to the … [Read more...] about ☕ Afternoon briefing on July 5

At the mid-term review meeting (Photo: MPI) Hanoi (VNA) – The Vietnamese Ministry of Planning and Investment (MPI), in coordination with the Japanese Embassy in Vietnam and the Japan-Vietnam Economic Committee under the Japan Business Federation (KEIDANREN), held a mid-term review meeting for the Vietnam-Japan Joint Initiative (eighth phase) in Hanoi on July 5. It was reported at the meeting that 47 out of the total 80 sub-items in the joint initiative have been well implemented as scheduled so far, 15 are underway, six make no progress, and work will start on 12 others in the time ahead. Do Nhat Hoang, head of the Foreign Investment Agency under the MPI, said Vietnamese ministries and agencies have coordinated with the Japanese side to implement commitments in the action plan of the initiative. Vietnam’s commitment to materialising the joint initiative manifests the government’s resolve to improve the domestic investment environment, he said. Many legal documents … [Read more...] about Vietnam, Japan review joint initiative

The third session of the 15th National Assembly Export-import turnover rises nearly 23 percent According to the report, Vietnam fulfilled seven out of 12 key targets for 2021, with total export-import turnover increasing by 22.6 percent and trade surplus reaching US$4 billion. So far, Vietnam is one of the top six countries in terms of COVID-19 vaccination coverage. Macroeconomic stability has been maintained, major economic balances ensured, and inflation brought under control. However, input prices, especially gasoline and oil, have risen sharply, while the shortage of human resources has affected trade and production activities. Export turnover is dependent heavily on foreign-invested enterprises, while stock, corporate bond and real estate markets are potentially risky. Vu Hong Thanh, chairman of the National Assembly’s Economic Committee, presented a verification report on this issue, praising the results in the context of unprecedented difficulties and challenges … [Read more...] about Government focuses on rapid, sustainable socioeconomic recovery

The banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public. The State Bank of Vietnam (SBV) targets to have 65-70% of the public in the age group of 15 and above to have bank accounts this year. A customer at Nam A Bank. File photo The move was part of the central bank’s decision No.1097/QD-NHNN, mapping out the plan for digital transformation in the banking sector in 2022. Other objectives include 100% of online public services under the administration of the SBV being integrated into the national online public services portal; the rate of people and businesses using online public services related to banking and finance matters of 80%; and 100% administrative procedures are processed online. To push for these goals, the SBV is expected to draft a Government decree on supervising the operation of fintech and promote the use of online public services across the sector. In this … [Read more...] about Vietnam targets 70% of population to have bank accounts in 2022

Authorities in the famous resort cities of Nha Trang and Quy Nhon in south-central Vietnam have announced their plans to relocate several hotels from local beaches, but residents are still in doubt as they have heard similar schemes before. On Thursday last week, Evason Ana Mandara Resort in Nha Trang City, Khanh Hoa Province was closed so that it could be moved to another location. Like many other residents, Nguyen Van Tho remains skeptical after hearing this news, stating that the resort was still there after three terms of provincial chairmanship. “Every time the authorities issued an ultimatum, they ended up allowing the resort developer to renew the contract so that the venue could remain on the valuable land plot for some extra years,” Tho elaborated. Built in 1997, Evason Ana Mandara Resort, originally Ana Mandara, covers an area of 28,000 square meters on the coast located east of Tran Phu Street. In 2011, the Khanh Hoa administration required the resort to terminate … [Read more...] about Vietnamese authorities determined to relocate seaside hotels in famous beach cities

The government in late March issued a decision to grant a financial support package of VND6.6 trillion ($287.4 million) to help migrant workers pay rent for up to three months. The package is to be given to 3.4 million people by mid-August. As approved by the government, each worker will receive VND500,000-1 million per month over no more than three months. Two groups of beneficiaries are those who have labor contracts and have contributed to social insurance premiums via their salaries; and those that are currently working at industrial parks, export-processing zones and economic zones in 24 cities and provinces: Hanoi, Hai Phong, Quang Ninh, Hai Duong, Hung Yen, Vinh Phuc, and Bac Ninh in the north, Thua Thien-Hue, Da Nang, Quang Nam, Quang Ngai, and Binh Dinh in the central region, and Ho Chi Minh City, Binh Phuoc, Tay Ninh, Binh Duong, Dong Nai, Ba Ria – Vung Tau, Long An, Tien Giang, Can Tho, Ca Mau, An Giang and Kien Giang in the south. Until now, 558,000 workers at … [Read more...] about Rental assistance package for workers disbursed at snail’s pace