To fully realise its wind power potential, Vietnam will need to address several challenges, including regulatory uncertainties, grid infrastructure limitations, and financing hurdles. The transition from feed-in tariffs to a competitive bidding mechanism for new projects is expected to create a more stable and transparent investment environment, attracting both domestic and foreign investors.

Vietnam’s Coal Power Industry: Overview 2024

the-shiv September 27, 2024

While coal remains a significant part of the current energy mix, providing over half of the nation’s electricity, the government is under increasing pressure to transition towards cleaner energy sources. This has led to a more cautious approach in approving new coal projects and a greater focus on improving the efficiency and environmental performance of existing plants.

Vietnam’s Gas Power Industry: Overview 2024

the-shiv September 27, 2024

Vietnam’s gas power industry is poised for significant growth as the country seeks to diversify its energy mix and reduce its reliance on coal. With increasing energy demand driven by rapid economic development and industrialisation, natural gas is seen as a cleaner and more flexible alternative to traditional fossil fuels.

Vietnam’s Solar Power Industry: Overview 2024

the-shiv September 27, 2024

Vietnam’s solar power industry has experienced rapid growth in recent years, driven by favourable government policies and increasing demand for renewable energy. With abundant solar potential due to its geographical location, the country has become a significant player in the Southeast Asian renewable energy market. However, regulatory uncertainty has become a key bug-bear for foreign firms and this has slowed the industries development.

Social Security Insurance in Vietnam for Business 2024

the-shiv September 27, 2024

Social security in Vietnam is a comprehensive system designed to provide financial support and protection to individuals and families against life’s uncertainties, such as illness, unemployment, and old age.

Vietnam’s Music Industry: Overview 2024

the-shiv September 27, 2024

The music industry in Vietnam has undergone significant changes over the past few decades, evolving from traditional genres to a dynamic blend of contemporary sounds. Historically rooted in folk music and revolutionary songs, the industry now embraces a diverse range of styles, including pop, hip-hop, and electronic music.

Vietnam’s Publishing Industry: Overview 2024

the-shiv September 27, 2024

The future of publishing in Vietnam is poised for significant transformation as digital technology and changing consumer preferences reshape the industry. While traditional print publishing remains dominant, there is a growing shift towards digital formats, driven by increased internet accessibility and the popularity of ebooks and audiobooks. However, regulatory challenges and content restrictions may continue to influence the development and diversification of publishing products.

Vietnam’s Advertising industry: Overview 2024

the-shiv September 27, 2024

The future of Vietnam’s advertising industry is set to be shaped by several key trends and developments. Digital transformation will continue to play a crucial role, with online advertising expected to lead the market due to the rising penetration of smartphones and increased internet usage. This shift is driven by the growing influence of social media platforms like Facebook, Instagram, and TikTok, which are becoming primary channels for brands to connect with consumers.

Vietnam’s Agriculture Industry: Overview 2024

the-shiv September 27, 2024

Vietnam’s agriculture sector plays a crucial role in the country’s economy, contributing significantly to GDP and employing a large portion of the workforce. It is a diverse sector, encompassing crops, livestock, forestry, and fisheries. The country is a leading global exporter of products such as rice, coffee, and seafood. In recent years, the sector has seen a shift towards higher-value crops and more sustainable farming practices, as the government aims to enhance both productivity and environmental sustainability.

Construction Industry in Vietnam: Overview 2024

the-shiv September 27, 2024

Vietnam’s construction industry has seen substantial growth in recent years, driven by robust economic development and significant government investment in infrastructure projects. The sector is highly competitive, featuring both domestic and international players. These companies are actively involved in various large-scale projects across the country, including residential, commercial, and industrial developments.

Vietnam’s Supplements Market: Overview 2024

the-shiv September 27, 2024

The health supplements market in Vietnam has experienced significant growth in recent years, driven by increasing health awareness, rising disposable incomes, and a rapidly growing middle class…

Vietnam’s Auto-Insurance Industry: Overview 2024

the-shiv September 27, 2024

Auto-insurance in Vietnam includes compulsory civil liability insurance and optional coverages such as physical damage and personal accident insurance. Compulsory insurance is mandated by law and covers third-party injuries and property damage caused by the insured vehicle. Optional products provide additional protection against risks like theft, natural disasters, and accidents involving the insured vehicle. The motor insurance market is growing, driven by increased vehicle ownership and regulatory enforcement, with leading providers offering a range of products.

Vietnam’s Life Insurance Industry: Overview 2024

the-shiv September 27, 2024

Life insurance in Vietnam has experienced significant growth and transformation over the past decade, driven by an expanding middle class and increasing awareness of financial planning and risk protection. The life insurance market in Vietnam is diverse, with a range of products offered by both local and international insurers.

Vietnam’s Health Insurance Industry: Overview 2024

the-shiv September 27, 2024

Health insurance in Vietnam is primarily structured into two categories: Social Health Insurance (SHI) and Private Health Insurance (PHI). SHI, managed by Vietnam Social Security (VSS), is mandatory for employees, students, and civil servants, covering basic medical services like outpatient and inpatient care, chronic disease management, and maternity services…

English Teacher Certification in Vietnam 2024

the-shiv September 27, 2024

Decision Number 4159/QD-BGDDT, issued on December 6, 2023, by the Ministry of Education and Training (MOET) of Vietnam, outlines a training program and certification for foreigners teaching English at language centres and IT centres in Vietnam….

Vietnam ceramics exports up 11.3 percent in value August over July

the-shiv September 27, 2024

Vietnam’s ceramics exports climbed by 11.3 percent in August over July from US$51.1 million to US$56.9 million. Vietnam’s ceramics exports for the year now stand at US$425 million which represents an increase of 9.2 percent over the same period last year.

Vinhomes (real estate): Vietnam Stock Overview

the-shiv September 27, 2024

According to reports by CBRE, in the second quarter of 2024, average selling prices of condominiums in the primary markets of Hanoi and Ho Chi Minh City reached approximately US$2,438 and US$2,560 per square meter, reflecting a year-over-year increase of 25 percent and 6 percent, respectively. Furthermore, they are expected to rise by approximately 22 percent and 5 percent year-on-year by the end of 2024…

Vietnam News Roundup: September 20 to September 26

Mark Barnes September 27, 2024

This week’s Vietnam news roundup covers the latest cosmetic, furniture, and dairy trade data; the State Bank’s latest open market operations; foreign trading on the Ho Chi Minh City Stock Exchange; several key large-scale foreign direct investment projects; an update on the Skoda assembly plant in Quang Ninh; and more.