Japan, the U.S. and Australia have picked a liquefied natural gas project in Papua New Guinea as their first case for joint financing in the Indo-Pacific region, planning to lend over $1 billion, Nikkei has learned.
Chinese chip designers, whose business has flourished under Beijing's desire for a homegrown semiconductor industry, are warning it will be impossible to meet national targets for a viable, independent sector without access to U.S. technology.
The decision to add An Giang Fish-AGF (Agifish) to restricted list of HOSE is another slap on long-term shareholders of a company which once was considered the most successful business model in An Giang Province.
South Korean corporate giants Samsung Electronics, Hyundai Motor, Kia Motors and LG Electronics are moving production out of China, in an effort to reduce an overdependence that has left them vulnerable to a combination of local competition, geopolitical friction and economic headwinds hitting even the largest players hard.
Renault and Nissan Motor have ended their dispute over the French automaker's representation on new committees at its Japanese partner, paving the way for reforms following the arrest of former Nissan Chairman Carlos Ghosn last November on charges of financial wrongdoing.
The right to adjust the land sales tax rate should be delegated to the Government’, was a suggestion made by the Minister of Construction last week, as a means to stabilizing the current real estate market. Though it is just a proposal, it has created a big controversy. It is necessary to find solutions to control the land price in some hotspots, but how to amend the tax law is a huge and complicated issue.
At a discussion with SGGP Investment & Finance, Dr. Can Van Luc (picture), member of National Advisory Council on Monetary and Financial Policies, said that investment and development of recycle energy has huge potential and also faces many challenges.
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.