Electricity prices should be adjusted more frequently to better promote market competitiveness, said Tran Dinh Long, Vice President of the Vietnam Electricity Association.
In the first half of 2019, Hoa Phat Group poured nearly VND9.17 trillion (US$393.35 million) into Dung Quat iron and steel production complex, raising total investment in the project to approximately VND42.92 trillion.
The founder of Viet Nam''s largest steelmaker Tran Dinh Long has been knocked off the Forbes list of the world’s billionaires after shares in Hoa Phat tumbled 30 per cent from the peak recorded in March.
Pham Nhat Vuong, chairman of conglomerate Vingroup and Viet Nam’s first billionaire in the Forbes list, has been an inspiration to Vietnamese enterprises, especially young entrepreneurs.
Experts in pricing and economics said yesterday that they preferred
pricing for power to be based on a sliding system of tariffs as at
present rather than a flat rate proposed by Electricity Viet Nam (EVN).
At present, rates are based on six...