by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
by Teuvo Tuomi | Jul 14, 2024 | Vietnam, Business, Economy, Energy, News, Sustainability
Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) has reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on high electricity production costs, including higher fuel prices and rising foreign exchange rates. In 2023,...
by Teuvo Tuomi | Jul 14, 2024 | Business, Investment, Laos, News, Technology, Vietnam
Laos and Vietnam have signed seven pacts on various areas of cooperation, serving to deepen the collaboration between the two nations. The cooperation pacts include a Memorandum of Understanding (MOU) on the establishment of a citizen and ID (identification card)...
by Teuvo Tuomi | Jul 7, 2024 | Vietnam, Business, Ho Chi Minh, Infrastructure, Lifestyle, News, Society
Real estate revenue in Ho Chi Minh City reached VND124 trillion ($4.9 billion) in the first half of the year, up 6.1% year-on-year, according to the HCMC Statistics Office. The real estate market has shown signs of recovery this year, with 3% growth in the second...
by Teuvo Tuomi | Jul 4, 2024 | Vietnam, Business, Climate, Energy, Environment, Technology
Rooftop solar and other renewable power can now be sold directly through private transmission lines without going through Vietnam Electricity as an intermediary. Wind, biomass, micro-hydropower, geothermal, wave, and tidal energy plants are also included in the...
by Teuvo Tuomi | Jun 30, 2024 | China, Art, Culture, Entertainment, Finland, Lifestyle, News, Vietnam
For the first time attending the Da Nang International Fireworks Festival (DIFF), China is competing against Finland, the winner of the 2019 edition. China is only the second team in Asia to attend the 2024 DIFF along with host Vietnam. In the preliminaries, the Joho...
