Vietnam’s Energy Efficiency Project: Credit Guarantee for Energy Saving Businesses

The Vietnam Scaling Up Energy Efficiency Project (VSUEE) was approved to improve energy efficiency across Vietnam’s industrial sectors. Recently, the project announced a 50 percent credit guarantee for industrial enterprises (IEs) and energy service companies (ESCOs) involved in energy-efficiency sub-projects. Vietnam Briefing explores the project’s highlights and how enterprises can benefit.

Northern region sets new record high in power consumption

According to statistics of the National Load Dispatch Center at noon of July 18, the electricity consumption in the Northern region set a new record high of 22,800MW, higher than around 4,200MW over the same period last year, equaling 22.6 percent and higher than 500MW over the recent record on June 21 of 2022.

VinFast partners with ProLogium on solid-state EV batteries

Vietnamese automaker VinFast, which expects to launch two electric vehicles in Europe and the U.S. market this year, is partnering with Taiwanese battery startup ProLogium Technology on solid-state EV batteries for delivery as early as 2024, VinFast said in a statement.