Vietnam keen to maximize upstream output, crude exports to offset fuel import bills
Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17.
Big customers to buy electricity directly from generators
Big customers could buy electricity directly from the generators in a pilot programme to develop a mechanism for a direct power purchase agreement (DPPA).
Vietnam seeks to boost domestic coal production amid rising import prices
Vietnam’s state-owned coal miner Vinacomin will boost domestic production to meet rising demand for the fossil fuel amid surging global prices, the Ministry of Industry and Trade said on Wednesday.
Vietnam’s EV maker VinFast’s IPO may be delayed till next year – report
Vietnam-based electric vehicle maker VinFast may see its initial public offering in the US delayed till next year due to market uncertainty, Reuters reported, quoting its parent company Vingroup chairman.
Vietnam plans to double power generation capacity by 2030
Vietnam’s government plans to double its installed power generation capacity to 146 gigawatts (GW) by 2030, according to press reports. The country’s government is planning to submit its latest draft power development plan to the prime minister next month. The plan will restrict coal-fired power plants’ development in Vietnam, and open to other fuel sources […]
Taking the comparative advantages to develop offshore wind industry
Norwegian largest energy company officially opens its representative office in Hanoi, marking an important milestone in Norway-Vietnam business cooperation portfolio. This reaffirms Norway’s willing and determination to contribute to the development of Vietnam’s offshore wind industry and to be part of Vietnam’s green transition process and implementation of the country’s commitments in the Paris Agreement […]
Vietnam has huge biomass power potential, but more incentives needed
Vietnam expects to add 9,600 MW of power from biomass by 2030, but that will need added incentives. Pham Huong Giang, an official of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, pointed out the low rate of biomass power contributions to the national power grid. Under Vietnam’s renewable energy development strategy by 2030 with […]
Electricity trading resumes with Vietnam
With the startup of a double-circuit power line between China and Vietnam on April 30, power trade between the two countries has resumed. The line runs between Honghe Hani and Yi autonomous prefecture in Yunnan province and Vietnam’s Lao Cai province.
