The Vietnamese government is reportedly drawing up policies for crowdfunding in the country, where many young companies are still struggling to get sufficient funding despite an increased interest in local startups in recent years. Singapore-based financial news website DEALSTREETASIA said on Monday that the Ministry of Planning and Investment is currently taking feedback from local startups, before the policy framework is finalized. Currently, Malaysia is the only country in the Southeast Asia to set up legal framework for the activity, it said. Vu Anh, founder of crowdfunding platform Fundstart.vn, was quoted as saying that Vietnam’s startup ecosystem has a market gap as far as funding goes, which places local startups…
60 plants join power market by August
As many as 60 power plants have joined the electricity market directly so far this year with a total capacity of 14,952 megawatts, accounting for 40 percent of the national power system, according to the National Load Dispatch Centre (NLDC). By the end of July, the centre was operating 107 power plants with an installed capacity of 37,594 megawatts and 750 transformer stations of 500/220/110 kilovolts with a total capacity of 99,914 mega-volt amperes. This year, power output is expected to reach 163.1 billion kilowatt hours, up 12.1 percent compared to 2014 http://en.vietnamplus.vn/60-plants-join-power-market-by-august/80168.vnp (150814)