Vietnam to import coal from Laos

Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines.

Saigon Hi-Tech Park targets 50% renewable energy in push for net zero

HCM City (VNA) – Saigon Hi-Tech Park (SHTP) is aiming to pull more than half of its energy from renewable sources, a step in Vietnam’s race to hit net-zero emissions by 2050, heard a local seminar on June 17. The push aligns with Ho Chi Minh City’s broader target to secure 15% of its energy from […]

Vietnam sharpens focus on offshore wind

A meeting on June 11 brought together Vietnamese authorities and international partners to shape a roadmap for these centres, drawing lessons from global experience and aligning with Vietnam’s Power Development Plan VIII (PDP8). The meeting, hosted at the Ministry of Industry and Trade and co-chaired by the Electricity Authority of Vietnam (EAV) and Germany’s GIZ […]

HDBank, PV Power sign $76.7 million deal to boost sustainable energy transition

HCM CITY — Furthering its leadership in green finance and commitment to sustainable development, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has signed a VNĐ2 trillion (US$76.7 million) credit facility agreement with PetroVietnam Power Corporation (PV Power), a leading power producer and subsidiary of the Vietnam Oil and Gas Group (Petrovietnam).