The National Assembly (NA) this morning approved the Resolution on socio-economic development plan for the year 2020, targeting 6.8 per cent GDP growth and improvements to national competitiveness.
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Vietnam’s e-logistics services provider Scommerce the parent company of delivery startups GHN and AhaMove has closed its latest and largest funding round led by Singapore’s state-owned investment company, Temasek. The funding amount was not disclosed, but as reported by DealStreetAsia, it could be worth up to US$100 million, making it potentially one of the largest deals in the country this year.
Electricity of Vietnam (EVN) informed: Recently, there a number of power grid projects for releasing power of solar and wind projects was completed over progress. However, to strengthen the ability of the power grids for releasing power of renewable energy (RE) in Ninh Thuan and Binh Thuan provinces, EVN proposes to supplement a number of power grid projects in these provinces to the power development planning (PDP).
A credit agreement for the construction of Se San 4 solar power plant worth EUR 24.2 million has been inked between theViet Nam Electricity (EVN) and the French Development Agency (AFD).
The Minister of Industry and Trade Tran Tuan Anh, in the NaTo ensure the supply and demand of electricity, the representative of the Ministry of Industry and Trade said the ministry would mobilise sources such as coal power, hydroelectricity and solar power.
Vietnam Electricity (EVN) will auction 25% of its chartered capital, equivalent to 4.07 million shares at Thuan Binh Wind Power Joint Stock Company (EVNTBW), with a starting price of VND 17,940 / share at the Hanoi Stock Exchange.
A total of VND117 trillion (US$5.03 billion) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade, spoke with Vietnam News Agency about the implementation of the national power development master plan in 2021-2030 (or Power Development Master Plan 8).
The project also marks the largest installation of floating solar PV panels in Southeast Asia.
The logistics market in Vietnam is booming with million-dollar merger deals being signed and many foreign companies striving to increase market share.
A stake sale is also under consideration for Quadria Capital, CEO says
Despite bankability concerns in power purchase agreements, investing in solar power is a new boom in Vietnam as developers, original equipment manufacturers, and contractors rush into the market thanks to the current feed-in tariff. However, it remains to be seen if an upcoming policy is attractive enough to both keep them and meet surging demand. VIR’s Nguyen Thu reports.
The soaring fast-moving consumer goods and healthcare segments in Vietnam make for an apt springboard for market expansion services providers. While many would believe the scene is reserved for tried and tested international giants, the few local players on the market make for a viable option as well. Kim Huong reports.
Vietnam’s economy is expected to grow at 6.6 per cent in 2019 after strong growth of 7.1 per cent in 2018, with inflation contained below the authorities’ target of 4 per cent, according to the 2018 Annual Consultation Report on Vietnam by the ASEAN+3 Macroeconomic Research Office (AMRO) that was released on September 12.