Vingroup launches bus company, will use 3,000 electric buses in Vietnam
Vietnamese conglomerate Vingroup has announced the establishment of VinBus Transport Service Co., Ltd., as it officially branches into passenger transportation. VinBus will operate completely under the non-profit model in order to contribute to the construction of a civilised and modern public transport system, reducing air and noise pollution for Vietnam’s major cities. It is expected that […]
Vietnam To Receive Clean Energy Development Assistance From Sweden
Vietnam has gained yet another ally for its energy sector in the form of Sweden as the European country pledged assistance in clean energy development and energy-saving strategies. According to Nhan Dan News, Swedish Minister for Foreign Trade Ann Linde said during a conference on Wednesday that her country will offer assistance to Vietnam’s energy […]
Electricity and petrol price hikes pushing inflation up
According to latest statistics released by GSO, Vietnam’s CPI in April increased by 0.31 percent over the previous month, while average CPI in the first 4 months increased by 2.71 percent compared to the same period in 2018. “The increase in petrol and electricity prices have had a direct impact on increasing the consumer price […]
SK Innovation discovers new oilfield in Vietnam
SK Innovation has discovered a new oilfield in the Cuu Long basin located in southeastern Vietnam, the company said, Friday. The energy business arm of SK Group said its exploration team found a 116-meter-thick oil layer after drilling 4,295 meters in Block 15-1/05 in Lac Da Trang in the basin. Further analysis will be required […]
Petroleum product imports up 10 pct in 2018
Cambodia imported 2.5 million tonnes of petroleum products in 2018, a 10 percent year-on-year increase, according to the Ministry of Mines and Energy. Diesel and gasoline are the most imported petroleum products, according to Sok Khavan, the ministry’s secretary of state, who spoke during a conference on the oil and gas sectors held at Phnom […]
AC Energy to put up 170-megawatt wind power project in Vietnam
MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., expands its renewable energy footprint in Vietnam with the construction of a 170-megawatt (MW) wind project with its partner. In a disclosure to the Philippine Stock Exchange yesterday, AC Energy said it signed a shareholders’ agreement with The Blue Circle to jointly construct, […]
TTG completes 19MW solar project in Vietnam after lengthy delay
Thien Tan Group has completed a 19.2MW solar PV project in the central Vietnamese province of Quang Ngai, after three years of construction. The Mo Duc solar power plant, in the South Central Coast region, had a ground-breaking ceremony in August 2015, but it faced various delays. With total investment of VND900 billion (US$39.8 million), the […]
AC Energy to start Vietnam wind projects in 2020
AC Energy, Inc. expects to break ground early next year on several wind projects in Vietnam with its three existing partners in the regional neighbor in time for the feed-in tariff deadline in November 2021, its top official said. “It could be as big as 250-300 megawatts (MW), it could be as small as 30 […]
