Plastic waste is one of the biggest and most serious environmental challenges in the world today. Hence, finding a solution to reduce plastic waste is in the interest of most countries. In Vietnam, investment in biodegradable plastic bags is being discussed to replace the currently used common plastic carry bags. However, the discussion with Huynh Thi My, General Secretary of Vietnam Plastic Association gives us a very different viewpoint of this issue.
The 2013 Land Law has had several improvements to it such as using the government land price frame and local regulated listed price in calculating land tax and fee for normal land and also for some special cases. For other cases, it requires a different specific land valuation method. However, the loophole in the current land legal framework remains.
During 3 days of Novaland Expo 2019 (from June 14 to 16, 2019) at Novaland Model House 26 Mai Chi Tho, District 2, thousands of customers had taken part. In the exhibition, Novaland presented new series of projects with thousands of real estate products in Ho Chi Minh City and other neighboring provinces.
Since the beginning of this year, total foreign capital pumped into Vietnamese market has nearly reached US$15 billion, an increase of 81 percent over the same period last year, with the highest investment from China followed by South Korea and Singapore.
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade announced that it has recently issued a decision on application of measures to prevent imported steel wire and rolled steel products from avoiding trade remedies.
In the last few years, the Vietnamese government has been keenly interested in developing solar and wind power projects. These plants have attracted many foreign as well as domestic investors. However, many constraints still remain in developing recycle energy.
The trade war between US and China is entering a highly stressful period as both sides are determined to prove their strength by tough responses and heavy penalties on each other. SGGP Investment & Finance had discussions with several experts to clarify what the impact of this trade war would be on the economy in USA, China, Vietnam and other countries.
Currently many solar power projects worth thousands of billion dong are under construction. As with BOT projects, banks are in the forefront to avail the many opportunities to do business with solar power operators. However, feasibility of this green technology is as constrained as sale of electricity to EVN, the sole wholesale electricity buyer in Vietnam.
In 2017, the government issued Resolution 120/NQ-CP for the development of a sustainable agricultural industry to proactively respond to recurring climate change and achieve 80% contribution ratio in total agricultural production in the Mekong Delta. However, even the application of high technology in agriculture to improve quality in production has not been effective as it continually faces several barriers which now need to be clarified and resolved.
Solar power projects usually need huge capital investment of thousands of billion dong. Hence, they are mainly funded through bank loans. The past lessons learnt from the ineffectiveness of BOT projects, which have also mainly depended on bank loans, is reason to exercise caution now in loans for solar power projects.
The US Government has recently increased import tariffs on goods imported from China which in short term might create certain advantages for exported goods of Vietnam; however, according to many enterprises, in long term, the US market is no longer a potential and comfortable market.
Deputy Prime Minister Trinh Dinh Dung spoke highly of France’s investment in Vietnam while hosting a reception in Hanoi on May 15 for several large French enterprises operating in infrastructure and aviation.
The State Bank of Vietnam continued to raise reference exchange rate by VND10 per dollar on May 15 sending the US dollar exchange rate against the Vietnamese dong to a new record high of VND23,064 per dollar.
Although in the first four months of this year, registered foreign investment capital into Vietnam hit a record high, there was no large-scale project. According to experts from the Ministry of Planning and Investment, the first-billion-dollar project this year will possibly be a project from Hong Kong (China): Weijia Textiles Vina.