Energy

This section covers developments in Vietnam’s energy sector, including oil and gas, electricity, renewable energy, energy pricing, and related policy discussions.

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    Vietnam Industry and Trade News Bulletin for JANUARY 15, 2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Budget Transparency and Administrative Reforms • Low Budget Transparency: Vietnam scored only 18 out of 100 on the Open Budget Index, significantly lower than the global average of 45,. The country is ranked in the lowest group, characterized by providing “little” or “no” public budget information. • Tax and Customs Reform: The Ministry of Finance aims to reduce at least 10% of tax administrative procedures and simplify 20% of…

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    Vietnam Industry and Trade News Bulletin for January 14, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. Bloomberg: M&A Boom Expected in Vietnam in 2016 Bloomberg predicts that Mergers and Acquisitions (M&A) in Vietnam will set new records this year, driven by foreign investors’ interest in the fast-growing consumer sector . Recent regulatory changes, such as the Investment Law shortening licensing times to 15 days, and the opening of 18 sectors to foreign investment, are facilitating this trend . Notable deals include ANA Holdings (Japan) buying a…

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    Vietnam Industry and Trade News Bulletin for January 13, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. GDP Data Discrepancy: GSO Affirms Accuracy Facing public concern over a 300,000 billion VND discrepancy between GDP figures released by the Ministry of Finance (over 4.4 quadrillion VND) and the General Statistics Office (4.1 quadrillion VND), the GSO affirmed its calculation is correct . A GSO official suggested the difference might stem from the Ministry of Finance using a forecast CPI of 2%, whereas the actual CPI was only 0.6%…

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    Vietnam Industry and Trade News Bulletin for January 12, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. The Economist Disagrees with Bloomberg: Vietnam to Grow Slower than Laos and Cambodia While Bloomberg previously forecast Vietnam to have the 2nd fastest growth in the world in 2016, a new report by The Economist Intelligence Unit (EIU) places Vietnam 9th. EIU forecasts Vietnam’s GDP growth at approximately 7% (aligning with the National Assembly’s 6.7% target) . Notably, EIU predicts Vietnam will lag behind regional neighbors: Laos (nearly 8%, ranked…