Competitive power market key to promoting renewables
Vietnam is prioritising developing a competitive electricity market, which is vital to promoting renewable energies, said Head of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
Hanoi (VNA) – Vietnam is prioritising developing a competitiveelectricity market, which is vital to promoting renewable energies, said Headof the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
He made thestatement at a CIEM seminar in Hanoi onNovember 28, where participants discussed the growth of renewable energies in concert with acompetitive power market.
According to Pham DucChung, a CIEM member, renewable energy producers in Vietnam enjoy incentives intax, land leasing prices and loans.
However, the dependency ofelectricity firms on State support has led to a power market without competition,making it hard to attract investment in renewables.
To address theseshortcomings, Chung stressed continuing a complete overhaul of the Electricityof Vietnam (EVN) as planned with a focus on restructuring its executive boardto boost independence among EVN members.
Improving the capacity of theElectricity Regulatory Authority and Competition Authority is also necessary,he said.
Nguyen Van Vy, Head of theVietnam Energy Association, proposed preferential investment credits for renewableprojects.
He also suggested issuingan environmental tax on the use of fossil fuels, adding that the fees should bechanneled into developing sustainable energies.-VNA
The UN Development Programme and the General Directorate of Energy jointly held a workshop on the development of renewable energy in Vietnam in Hanoi on May 24.
The Vietnam Energy Association (VEA) will focus on evaluating the potential of different energy sources in Vietnam and developing a strategy for investment in new and renewable energy by 2021.
Deputy Prime Minister Trinh Dinh Dung has called on ministries and agencies to closely supervise the country’s power demand to ensure national energy security and meet socio-economic development needs
A law on renewable energy is needed to ensure sustainable and effective development of renewable energy, according to Dr. Duong Duy Hoat from the Institute of Energy Science.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Illustrative image (Source: VNA) 
