Update news oversupply
The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.
VietNamNet Bridge - While other regional countries have shut down some cement plants and stopped developing new projects, Vietnam is doing the opposite.
VietNamNet Bridge – Thousands of apartment units will be put onto the market in Hanoi and Ho Chi Minh City in the near future, leading to fears of an oversupply in real estate.
About 20 percent of Vietnamese cement enterprises have been put on the brink of bankruptcy. The solution they most think of now is to sell themselves to foreign investors who would pump money to clear debts and restructure enterprises.
The frozen real estate market has put big difficulties on the domestic building material industry, but has brought the golden opportunities to foreign groups to take over domestic companies.
CAD has reported to the Ministry of Industry and Trade (MOIT) that it is analyzing Thai and Indonesian petitions to apply anti-dumping measures against Vietnam’s steel exports to the markets.
Though the demand and consumption level dropped dramatically in 2012, Vietnam still witnessed a big gap between steel imports and exports in the context of the domestic oversupply.
Sugar companies have begged for the government’s urgent interventions in terms of tax rates, sugar import quotas, trade fraud control and cross-border exports to protect domestic enterprises which are at the death point.