The Prime Minister has ratified a draft content of an agreement between Vietnam and Germany ’s KfW Development Bank for the first phase of a project on smart grid for electricity transmission.
Hanoi (VNA) ꦬ– The Prime Minister has ratified a draft content of an agreement between Vietnam and Germany’s KfW Development Bank for the first phase of a project on smart grid for electricity transmission in Vietnam.
The 65 million Euro (73.8 million USD) project will be signed by Deputy Minister of Finance Truong Chi Trung and KfW representatives.
Smart grid networks have become popular in developed countries worldwide due to their outstanding advantages such as reliability, cost savings and energy independence, allowing more choices on electricity providers for consumers.
In late 2012, the PM approved a master plan on developing smart grids and many projects in the area have already been carried out effectively.
In 2014, the US Trade and Development Agency (USTDA) provided 700,000 USD in non-refundable aid to the pilot application of Vietnam’s Smart Grid project, that will help Vietnamese energy companies efficiently manage the use of electricity during peak hours, and optimise power distribution.
In the same year, the World Bank (WB) approved a 500-million-USD loan to help increase the capacity, efficiency and reliability of the electricity grid in Vietnam’s key economic areas.-VNA
The World Bank (WB) has shown its close collaboration with Vietnam in improving the national power network operation by providing 449 million USD to the country’s electricity distribution efficiency project.
Despite macroeconomic challenges, spending in Vietnam for IT services increased 9.9 percent to 446 million USD in 2013, according to the International Data Corporation (IDC).
The World Bank (WB) has approved a 500-million-USD loan to help increase the capacity, efficiency and reliability of the electricity grid in Vietnam’s key economic areas.
The US Trade and Development Agency (USTDA) has provided 700,000 USD in non-refundable aid to the pilot application of Vietnam’s Smart Grid project, that will help Vietnamese energy companies efficiently manage the use of electricity during peak hours, and optimise power distribution.
The State Bank of Vietnam (SBV) and the World Bank (WB) signed off on a loan for 500 million USD in Hanoi on November 12 to help the energy sector improve the efficiency of the national grid transmission.
The World Bank in Vietnam and the National Power Transmission Corporation (EVNPT) on Nov. 14 launched the Transmission Efficiency Project (TEP), which will account for 15 percent of Vietnam’s transmission network growth by 2020.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative photo (Source: Internet)
