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Vietnam to have 2,000MW of rooftop solar power capacity in 2020
Vietnam's total rooftop solar power capacity is expected to reach around 2,000 MW by the end of 2020, according to Vietnam Electricity (EVN).
Legal age for children should be adjusted for better protection
Redefining children as those under the age of 18 is key to helping younger people access child protection services before they are legally classed as an adult.
Revised Law on Enterprises to add household business regulations
Vietnam has considered adding regulations of household business to the revised Law on Enterprises that is set to be submitted to the National Assembly for approval in October.
Central bank warns credit institutions over rate hikes
The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.
HCM City cracks the whip to speed up public spending
Ho Chi Minh City is seeking to speed up spending on public projects after many districts reported slow rates so far this year.
Traditional taxi firms demand equal treatment with ride-hailing apps
Traditional taxi companies have demanded that app-based taxis with less than nine seats should be treated the same as them to “ensure fairness, transparency and the same responsibilities towards customers.”
Ministry to propose credit package to help car companies drive forward
The Ministry of Industry and Trade will propose to build a credit package of 100 trillion VND (4.4 billion USD) for developing the support industry for industrial sectors, especially automobile production.
Vietnam’s labour productivity needs to catch up with ASEAN
Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.
HCM City infrastructure firm to sell treasury shares
The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) wants to offload 35.3 million treasury shares for at least 32,650 VND (1.40 USD) per share.
Trade deals bring more foreign investment but also challenges
With its series of recent free trade agreements, Vietnam is becoming very attractive to foreign businesses, especially in the textile and garment sector.