Posts Tagged ‘ subsidies ’

Vietnam announces wind power subsidies, investors still wary 

July 12, 2011
Vietnam announces wind power subsidies, investors still wary 

  The Vietnamese government will provide subsidies to wind power projects and make purchases at fixed prices as it strives to develop the renewable energy industry.   A decision approved by the Prime Minister on June 29 requires the country’s power monopoly Electricity of Vietnam (EVN) to buy all the power output of wind power [...]

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Preservation suffocation 

February 28, 2011
Preservation suffocation 

  Red tape and a lack of funding have reduced Vietnam’s first national heritage village to a decaying tourist trap while officials near Hue argue that stalled preservation plans should be abandoned in two villages Harvest day in Duong Lam Village Six years ago, the people of Duong Lam Village had the esteemed honor of [...]

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Prosperity and challenges on the horizon in 2010

January 3, 2010
Prosperity and challenges on the horizon in 2010

Two workers at a bridge construction site in Ho Chi Minh City. Bouncing off an emerging global recovery, Vietnam expects positive economic changes in 2010, specifically export and foreign direct investment (FDI) growth. Policy makers, however, are still weary of the many challenges the developing country faces, not the least of which is the threat [...]

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Gov’t continues 2% interest rate subsidies

December 14, 2009
Gov’t continues 2% interest rate subsidies

In an effort to push economic recovery and sustain macro-economic stability, the Government has pledged to continue offering subsidies at a rate of 2% per year . . . Subsidies will be offered to long- and medium-term Vietnamese currency loans taken out of commercial banks for the purpose of funding agriculture and forestry, fisheries, the [...]

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State-audit finds $365mil misused

December 3, 2009
State-audit finds $365mil misused

The State Audit Office of Viet Nam conducted financial audits of 133 major State-owned enterprises during 2006-08 and unearthed nearly VND6.6 trillion . . . By signing futures contracts for fuel during 2008-09, Jetstar Pacific Airlines had already lost over $31 million due to the plunging price of oil on the world market.Among the enterprises [...]

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U.S. government sets countervailing duties on tubular goods from China

November 25, 2009
U.S. government sets countervailing duties on tubular goods from China

The U.S. Commerce Department on Tuesday announced its decision to set final countervailing duties (CVD) on imports of the 2.6 billion dollar oil country tubular goods (OCTG) from China. The department said in its final determination that it found Chinese producers/exporters of OCTG have received net countervailable subsidies ranging from 10.36 to 15.78 percent, which [...]

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Vietnam approves second stimulus

November 1, 2009
Vietnam approves second stimulus

The government has decided to continue smaller stimulus measures next year to ensure stable economic growth, an official said. After considering the possible impact of further fiscal stimuli on the economy, the government agreed to launch another package next year, Nguyen Xuan Phuc, chief of the Government Office, told a press conference in Hanoi on [...]

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BUSINESS IN BRIEF 29/10

October 29, 2009
BUSINESS IN BRIEF 29/10

Garments machinery, accessories on show in HCM City; Sacombank Securities prepares for IPO; Vietnam, France entrepreneurs boost cooperation   Over 60 companies from 14 countries and territories worldwide are displaying their machinery and accessories that are used in the garments and textiles industry at an exhibition in Ho Chi Minh City. The exhibition, known as AAMA-TEX [...]

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More stimulus: Who’s for, who’s against?

October 28, 2009
More stimulus: Who’s for, who’s against?

LookAtVietnam – Sentiment on whether to extend the stimulus in some way seems about evenly divided.  We survey recent opinions. The 2009 stimulus package, valued at $8 billion in additional spending, featured tax exemptions, reductions and deferments for businesses, increased bond sales, and an interest rate subsidy program. It is widely credited with enabling Vietnam to [...]

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Legislators question stimulus, call for review

October 23, 2009
Legislators question stimulus, call for review

Huynh Ngoc Dang, a legislator representing Binh Duong Province, speaks at a house session Thursday Lawmakers called into questioned the effectiveness of the government’s fiscal stimulus package on Thursday, calling for a comprehensive review of the package before any plan for further stimulus. National Assembly representative Nguyen Ngoc Hoa from Ho Chi Minh City told [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...