Vietnam Introduces New Incentives to Boost Wind and Solar Energy Development, Prioritizing Grid-Connected Renewable Projects
The Vietnamese government has issued a new decree aimed at accelerating research and development in the country’s wind and solar energy sectors. Effective from March 3, the decree outlines provisions under the Electricity Law to enhance the growth of renewable and new energy sources.
VinFast partners with Motech to boost EV service network in Philippines
Vietnamese electric vehicle giant VinFast is optimistic about the growth potential in the Philippine market. In late February, it signed a Memorandum of Understanding (MOU) with Motech, an automotive service center, aiming to help Motech’s 63 service centers in the country achieve professional certification to provide after-sales services for VinFast electric vehicles and strengthen its […]
Vietnam Enacts New Registration Fees For Electric Vehicles
The government’s latest decree exempts electric vehicles from registration fees until 2027, encouraging greener transport options. The Vietnamese government has recently updated its vehicle registration regulations, particularly focusing on electric vehicles, marking a significant shift toward promoting environmentally friendly transportation. Effective from March 1, 2025, new regulations will exempt electric vehicles from registration fees, making […]
Việt Nam mulls revising its Power Development Plan
Experts have outlined three key areas for PDP VIII’s revision, including updating legal frameworks, assessing the power system’s operations and forecasting socio-economic growth and electricity demand.
PETRONAS and Petrovietnam to Strengthen Energy Cooperation
Malaysia’s Petroliam Nasional Bhd (PETRONAS) and Vietnam Oil and Gas Group (Petrovietnam) are set to accelerate collaboration in Vietnam’s energy sector, covering upstream and downstream activities, gas, and renewable energy (RE). Malaysian Prime Minister Datuk Seri Anwar Ibrahim emphasized the significance of this partnership during his official visit to Vietnam.
Vietnam to update Power Development Plan amid ambitious energy goals
Vietnam is expected to finalize the updated National Power Development Plan (PDP8) by the end of February. According to the draft, the country has significantly raised its electricity demand forecasts, energy imports, and renewable energy capacity. Solar power generation targets have been tripled, while the previously planned 6 GW offshore wind power capacity has been […]
Petrovietnam to complete central processing platform for Block B project in 2025
Petrovietnam and its technical arm PTSC aim to build and install various key facilities of the mega Block B gas project by end-2025, the state-owned energy giant said last week.
Proposal to significantly increase electricity imports from China and Laos
HÀ NỘI — The Ministry of Industry and Trade (MoIT) has proposed a significant increase in electricity imports from China and Laos, expanding them up to five times compared with the current power development plan. According to the latest adjustments to Power Development Plan VIII, Việt Nam aims to import 3,700 MW from China by […]
