Renewable energy

GIZ internal sector network TUEWAS (Transport, Environment, Energy and Water in Asia) called for proposals in May 2020 for innovative and feasible ideas from its Working Groups. Amidst intense competition, the project concept of Digital Small Energy Efficiency Working Group (SEEG) was adjudged the joint best with another idea that falls within the transport and environment Working Group and was rewarded with €25,000.  … [Read more...] about Energy Efficiency Working Group’s proposal tops TUEWAS innovation fund competition

He added that, "The negative impact from the coronavirus pandemic has heightened pressure on the Vietnamese government in its efforts to maintain a positive growth economy, especially in the backdrop of decreasing ODA financings, failure or negative consequences of build-transfer (BT), build-operate-transfer (BOT), and public-private partnership (PPP) models, and bottlenecks in public finance funding. Therefore, I strongly believe that the launching of an infrastructure fund for Vietnam at this time is very appropriate. I am confident that the cooperation between PHILUX and TECCO will be a positive beacon for infrastructure investment projects in the near future.” … [Read more...] about Tecco Group teams up with PHILUX Global Funds to launch infrastructure fund for Vietnam

Of which, 27 new projects with registered investment capital of nearly $162 million, up 55.97 percent, and 22 projects with adjusted capital increased by more than $31 million, up 74.85 percent. In the context that foreign direct investment (FDI) attraction has not been satisfactory, the sudden increase in domestic investment capital is a good sign for HCMC. The most worrying issue is that the land fund for investors in the city has begun to be scarce. Ms. Le Bich Loan, Deputy Head of the Management Board of Saigon High-Tech Park, said that many foreign investors had come to learn and have investment needs, but the land fund of the high-tech park for large enterprises is no longer available. There is only a small land fund left to attract the model of product research and development centers. The Board has reported to the city’s People's Committee on the proposal of export processing zones and industrial parks to share difficulties with the high-tech park, contributing to … [Read more...] about HCMC paves way for investment attraction

Jakarta (VNA) – Credit ratings agency Fitch Ratings (Fitch) has forecast that Indonesia’s economic growth will contract by 2 percent in 2020, largely attributable to the impact of the COVID-19 pandemic. According to Fitch, the country’s economy will witness a rebound to 6.6 percent growth in 2021, partly driven by a low-base effect, and expects growth momentum to continue at 5.5 percent in 2022, supported in part by the government’s renewed focus on infrastructure development. The Indonesia government has responded swiftly to the crisis with a broad range of relief measures to support households and companies, including small- and medium-sized enterprises, it said. Accordingly, total coronavirus-related government support amounted to 695 trillion Rp (47.93 billion USD), or 4.4 percent of GDP, and included direct cash transfers, provision of basic foods, guarantees and tax incentives. Fitch believed the Indonesian government is likely to resume adhering … [Read more...] about Indonesian economy to contract 2pct in 2020: Fitch Ratings