The ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017 (Photo: VNA)
Hanoi (VNA) - The Ministry of Industry and Trade has decided to keep thermal andhydroelectric power price ceilings unchanged in 2017. According to a decision stipulating newelectricity tariffs, the ceiling price for power generation of thermalelectricity plants excluding value-added tax (VAT) will be 1,568 VND per kWh(about 7 US cent). The power price for the thermalelectricity plants was calculated based on the coal price (including losses,management cost, insurance and excluding transport cost) of 1.3 million VND pertonne. The hydroelectricity plant price ceilingwill be 1,070 VND per kWh, excluding tax on water resources, environment feeand VAT. The decision took effect January 1st,2017. The ministry required the Electricity of Vietnam (EVN) to report difficultiesto the Electricity Regulatory Authority of Vietnam during the decisionimplementation. Based on electricitytariff ceilings, EVN and power generation units negotiate sellingprices to follow the current legal regulations. In 2015, the ceiling pricesfor powergeneration of thermal electricity and hydroelectricity were 1,060 VND and 1,383VND per kWh. During a recent conference to reviewEVN’s 2017 business operation plans, Dang Hoang An, the group’s generaldirector, said its electricity production costs this year will increase by 5trillion VND (225 million USD), as coal prices sold to electricity rose by 7 percentfrom the end of last year.-VNA
A proposal to allow Electricity of Vietnam (EVN) to set retail prices has been criticised for granting excessive power to the national utility as well as the Ministry of Industry and Trade (MoIT).
The Electricity of Vietnam’s Southern Power Corporation (EVN SPC) put into operation 619 power works at a total investment of over 6.5 trillion VND in 2016.
The Electricity of Vietnam (EVN) should continue promoting its key role as a State-run company in national power supply, Prime Minister Nguyen Xuan Phuc said at a conference in Hanoi on January 3.
The Electricity of Vietnam (EVN) said it channelled more than 134.85 trillion VND (5.93 billion USD) into boosting the national grid capacity last year.
Several contentious issues are dogging implementation of key projects managed by the Southern Power Management Board (SPBM), contradictory regulations and land evaluation and compensation rules that residents are not ready to accept.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
The ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017 (Photo: VNA) 
