Want to be in the loop?
subscribe to
our notification
Business News
[VBF POWER & ENERGY WG]_YOUR COMMENTS NEEDED ON MOIT’S OL NO. 2698 ON POWER TARIFFS REDUCTION AND COVID 19 IMPACTS/ RECOMMENDATIONS IN TERMS OF POWER/ENERGY_DEADLINE: COB 4 MAY 2020
Dear Members,
VBF Power & Energy Working Group has been recently contacted by the Vietnam Electricity (“EVN”) for an update on:
(1) comments on the MOIT’s Official Letter No. 2698 dated 16 Apr 2020 with instructions to EVN and provincial Departments of Industry & Trade to reduce power tariffs for businesses for a period of 3 months (Both EN and VN versions as attached for your perusal);
(2) Covid-19 impacts in terms of power/energy and recommendations for the Government.
We perceive that this is a good chance to provide necessary feedback, comments, and suggestions from the private sector's perspective regarding the Covid-19 impact.
In this regard, we welcome any contributions with the Template and sent to the VBF Secretariat at info@vbf.org.vn and phamlinhngan@gmail.com by COB Monday 4 May, 2020 for further actions.
Should you have any question, please kindly contact Ms. Ngan Pham, VBF PEWG Project Assistant at Tel.: 093 790 6600.
Thank you for your cooperation and we look forward to your feedback in due course.
--------------------------------------------------
VIETNAM BUSINESS FORUM SECRETARIAT
3B Floor, Horison Tower, 40 Cat Linh,
Dong Da, Hanoi, Vietnam
T: (84) 243 715 2223
F: (84) 243 715 2218
www.vbf.org.vn
Related News
POSITIVE ECONOMIC OUTLOOK FOR VIETNAM
Driven by strong recent economic performance, many foreign agencies have upgraded Vietnam's growth forecasts for 2024 and 2025. The National Assembly set a GDP growth target of 6.5-7% for 2025, aiming for 7-7.5%, while the Prime Minister set a more ambitious 8% growth target.
KEY SOLUTIONS TO DRIVE GREEN GROWTH
The Prime Minister has issued Directive 44/CT-TTg, dated December 9, 2024, outlining key tasks and solutions to accelerate the implementation of the National Strategy on Green Growth for the 2021-2030 period, with a vision to 2050.
EFFECTIVE RESTRUCTURING BODES WELL FOR LOCAL AIRLINES
Aviation businesses in Vietnam are expected to perform better in 2025, driven by effective restructuring. National flag carrier Vietnam Airlines is on the way to making consolidated revenues of around $4.37 billion in 2024, up from $3.88 billion in 2023.
PM ORDERS SWIFT RESOLUTION OF CHALLENGES FOR RENEWABLE ENERGY PROJECTS
Prime Minister Phạm Minh Chính has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
CLEAR LEGAL FRAMEWORK NEEDED TO UNLOCK DIGITAL ASSET POTENTIAL
The past decade has seen remarkable advancements in technology worldwide, particularly in digital assets such as blockchain, cryptocurrencies, asset tokenization and decentralized finance (DeFi). Once unfamiliar, digital assets have now become integral to the global financial system. Leading nations in this field not only to drive innovation but also establish a strategic edge in the global economy.
SPECIAL INVESTMENT PROCEDURE: A GAME CHANGER FOR HIGH-TECH PROJECTS IN VIET NAM
Viet Nam is poised for a regulatory shift with the upcoming implementation of a special investment procedure starting earlier next year. Starting from January 15, 2025, investors will be able to enroll for investment under special procedures as outlined in the Draft Decree detailing the Investment Law.