Ministry of Finance senior expert Ngo Tri Long said that an electricity price increase proves to be unavoidable; however, an 8-9.8% price increase would be too sharp. Ministry of Finance senior expert Ngo Tri Long You have submitted a lot of projects on raising electricity prices. What would you say about the new proposal under [...]
VietNamNet Bridge – Three weeks from the trumpeting of a government plan to protect the economy from further downturn and stimulate growth, many have been left wondering how the plan actually works. Economists claim more money needs to be spent on infrastructure development to help kick-start the economy.VietNamNet Bridge – Three weeks from the trumpeting [...]
VietNamNet Bridge – At the Vietnam Enterprise Forum (VEF) held in Hanoi Monday, Ashok Sud, chief of the VEF’s Banking working group, said Vietnam has too many banks compared to its market scale. Vietnam is in the top list of economies using cash in the region.VietNamNet Bridge – At the Vietnam Enterprise Forum (VEF) held [...]
VietNamNet Bridge – Garment companies are missing out on a great opportunity to expand at home because of their preoccupation with export markets, an industry seminar heard yesterday. A recent survey by the Viet Nam Textile and Garment Group (Vinatex) found domestic demand for fashion increasing 20-40 percent annually.With a population of 82 million people, [...]
Electricity companies are using more than their allocated share of electricity, contributing to the frequent and unannounced blackouts that plague Vietnam, government officials said Wednesday. A recent inspection tour by the Ministry of Industry and Trade’s Electricity Regulatory Authority found 10 substations of state-owned Electricity of Vietnam (EVN) exceeding their allocated electricity use quota.Inspectors said [...]
