HCM City (VNA) – The World Bank (WBဣ) will support Ho 🦩Chi Minh City to develop a solar power network.
A research group on energy and minerals introduced the WB project at a working session with Vice Chairman of the municipal People’s Committee Le Van Khoa in the city on October 25.
The group will work with local relevant agencies to install solar panels on the roofs of multi-story buildings, which is expected to generate 110 MWP of power, according to a research in 2013.
The installation of solar panels will also help generate jobs and profits, a representative of the group said, adding that the project will enable Vietnamese businesses to expand this model.
Khoa said HCM City is particularly keen on developing solar energy, which has been defined in the city’s electricity development planning scheme in 2015-2020 approved by the Ministry of Industry and Trade. It also conforms to the national renewable energy development strategy through 2030, with a vision towards 2050.
The WB project is hoped to help the city realise its target of having renewable energy making up over 1.74 percent of the total energy consumption by 2020, he said.
The municipal People Committee will set up a working group in the near future to cooperate with the WB research group, he noted.-VNA
Vietnam’s power needs could be fully met by renewable energy by 2050, according to a new report by World Wide Fund for Nature (WWF) – Vietnam and Vietnam Sustainable Energy Alliance.
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.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: internet)
