Electricity of Vietnam Group (EVN) is allowed to self determine to increase electricity prices by less than 10% but minimum time between the 2 price hikes is 6 months, Vnexpress.net reported.
The Prime Minister Nguyen Nguyen Tan Dung has approved Decision No. 69 providing mechanisms to adjust average retail electricity prices, which will come into force from Jan 10, 2014. Accordingly, the minimum time between the two electricity price adjustments is extended to 6 months, replacing the current requirement of 3 months. It means that electricity prices would be adjusted by maximum of 2 times per year, starting from Jan 10, 2014.
Last month the Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia. According to the ADB, Cambodian Gross Domestic Product (GDP) is expected to rise 7.2% in 2013 and up to 7.5% in 2014. The special trade preference scheme in conjunction with the European Union importing products from Cambodia duty-free and quota-free, can partly explain this positive outlook. Although the Garment industry accounted for nearly 90% of Cambodian exports in 2011, it is no longer the only industry to support Cambodian exports.
French leading Renewable Entrepreneur Olivier Duguet is teaming with Southeast Asia Alternative Energy Specialist Jeff Peron to launch The Blue Circle. Headquartered in Singapore, with presence in Ho Chi Minh City and Phnom Penh, the new company aims at becoming a leading Independent Power Producer in the Greater Mekong River region. The Blue Circle is targeting to develop and invest in renewable energy projects in Vietnam, Cambodia, Laos, Thailand and Myanmar.....
