VietNamNet Bridge
Binh Phuoc suspends six forest projects
The southern province of Binh Phuoc will stop clearing natural forest land for the planting of industrial trees with high economic value, the provincial authority has announced. Binh Phuoc Province’s Department of Agriculture and Rural Development reported that it had initially suspended six projects for developing ...
Vietnam urged to use more renewable energy
Viet Nam should enhance clean and renewable energy resources as well as promoting energy saving, said Le Tuan Phong, deputy director of the General Directorate of Energy under the Ministry of Industry and Trade. Statistics from the agency showed that average energy demand in Viet Nam ...
Vietnam considers buying electricity from Laos to ease reliance on China
Vietnam may import electricity from Laos to minimize the risks from relying on Chinese imports and to offset supply shortages caused by cutting off power sources which pollute the environment. Deputy Prime Minister Trinh Dinh Dung has urged the Ministry of Industry and Trade to submit ...
Vietnam seeks deepened ties with Brunei, Singapore
The upcoming State visits to Brunei and Singapore by President Tran Dai Quang aim to realise the foreign policy set forth by the 12th Party Congress and deepen relations with the two ASEAN member countries. Vietnam and Brunei established diplomatic ties on February 29, 1992. Since ...
Existing airports left idle, new airports built
While many airports in the Mekong Delta are still idle, the Ministry of Transport is considering building new ones. MOT is planning to build an airport in the southern province of An Giang with estimated investment capital of VND 3.4 trillion. The domestic airport, designed ...
Japan firms invest in local property sector despite potential risks
Many Japanese companies are aware of potential risks in the Vietnamese real estate sector but they have an increasing presence in this market, according to Tokyo-based Recof Corporation, a consultant on merger and acquisition (M&A) deals. Masataka Sam Yoshida, senior executive for the Vietnam market at ...
Why doesn't Vietnam have large businesses?
Many newly emerged businesses have been sold to foreign investors as soon as they became better known, and before they could become powerful conglomerates. More than 90 percent of Vietnamese businesses are small and Vietnam does not have large corporations which can act as pillars in ...
Digital economy a big issue for VN: expert
Building a digital economy will be very important for Vietnam to keep pace with rapid technology developments across the globe, a senior Australian scientist has said.“We are not going to create prosperity purely on hard work. It will be smart work, which is connected to ...
Thailand becomes ‘King of Cement’ in Vietnam
Thailand based Siam City Cement Public Company has agreed to purchase a 65% stake in cement manufacturer Holcim Vietnam HVL from French headquartered LafargeHolcim, according to an SCCC statement. HVL currently operates one integrated plant and four grinding plants with an annual cement capacity of 6.3 ...
Mekong Delta: enterprises dodge environmental regulations
Despite warnings and punishments, enterprises have been using sophisticated methods to ignore regulations, damaging the environment and putting rivers in the Mekong Delta at risk. The Can Tho City People’s Committee has released a decision on imposing a fine of VND900 million on Huy Viet – ...
