Vietnam EV market heats up with local, international automakers

Vietnam is following the vehicle electrification trend alongside the global automotive industry. Even though Vietnamese manufacturers are only starting to make electric vehicles (EV), the introduction of EVs by international and local automakers has spurred Vietnam-based automaker VinFast to ship EVs domestically and actively enter the US market, showing that Vietnam is sparing no energy […]

SK Group invests in Vietnam solar energy

SK Ecoplant, an affiliate of SK Group – the third largest conglomerate in South Korea, has formed a $200-million joint venture for rooftop solar energy development in Vietnam. The joint venture between SK Ecoplant and Nami Solar, a subsidiary of Nami Energy in Ho Chi Minh City, will develop a 250-MWp rooftop solar power project […]

HSBC commits $12 bln green financing for Vietnam

HSBC has announced it will arrange financing of up to $12 billion to support Vietnam’s goal of becoming a ‘net-zero’ emissions economy by 2050. From now until 2030, it would mobilize funds from the local and international financial markets to provide a range of solutions for the government and corporate sector to achieve the climate […]

The World Bank (WB) recommended 20 actions for Vietnam’s offshore wind power

The World Bank (WB) recommended 20 actions for the successful development of Vietnam’s offshore wind energy industry. According to the report “Offshore Wind Energy Roadmap for Vietnam”, carried out by the entity from February to October 2020, Vietnam will have around 450 large offshore wind turbines by 2035, which will be installed in almost 10 […]

Vietnam pushes for energy restructuring: official

Vietnam is determined to restructure its energy sector, said Deputy Minister of Industry and Trade Dang Hoang An at the 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) held in Hanoi on January 24.