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Contents ISSUE 356, May 15, 2024

COVER STORY
Approved by the Prime Minister in May 2023, Vietnam’s
National Power Development Plan VIII, known as PDP8, gives
priority to the development of renewable sources of
electricity. Rooftop solar power has been growing in
popularity for many years, even prior to the PDP8 being
adopted, especially the installation of panels on top of
factories at industrial parks. However, something of a legal
gap in the trade of electricity generated by such means has
existed since a Decision governing the practice expired in
December 2020. A new decree is now in the pipeline, and
enterprises keen to maintain or install solar panels on their
factory rooftops hope it will permit them to trade their
excess generation to other companies with demand.

FDI ATTRACTION
Editor’s Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Courage of their convictions Foreign investor confidence
CELEBRATING DIEN BIEN PHU VICTORY demonstrated by rising disbursement figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38
A victory that ‘shook the world’ Vietnam celebrates famous
victory at Dien Bien Phu on May 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 INVESTMENT
Suitable track Construction of Hanoi’s metro lines to continue
AT A GLANCE as other transport options also on the table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40
Leading news at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
BANKING & FINANCE
ECONOMIC POLICY Fostering faith Stakeholders discuss the development of the
Positives in place Government meeting hears of economic corporate bond market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42
performance in first four months of 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
Better for business Further review of legal framework re- PROPERTY
quired to address ongoing barriers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 New lease of life Industry insiders look at new legislation in
the real estate sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44
AMBASSADOR TALK
Forward with confidence Ambassador of Singapore, H.E. BIZ TRAVELER
Jaya Ratnam, discusses strengthening relations . . . . . . . . . . . . . . . . . . . . . . . . .28 Road to recovery Tourism in better shape after significant rise
in international visitors in first four months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46
BUSINESS REPORTS

Tough times; Do no harm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 CORPORATE NEWS
What's happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48
EXPORTS - IMPORTS
On shaky ground Solid trade posted in opening four months
but local and global issues likely to have an impact . . . . . . . . . . . . . . . . . . . .34
New markets in need Tra fish exports down as demand tum-
bles in traditional markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36

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