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 […]
Vietnam: January 2022 updates to the new draft decision on corporate DPPA pilot program for renewable energy
On 11 January 2022, the Office of Government of Vietnam (OOG) issued Document No. 229/VPCP-CN to the Ministry of Industry and Trade of Vietnam (MOIT) for the next steps of updating the draft regulations on the implementation of the pilot program on the direct power purchase agreement (DPPA) mechanism between renewable energy power generation companies […]
UK pledges to continue cooperation with Vietnam in different fields
In a recent interview granted to the Vietnam News Agency (VNA), the diplomat said Vietnam is facing a slew of challenges like increased salinity levels and extreme weather events, and the “very dynamic economy” needs energy to continue its economic development.
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 […]
Thailand’s Banpu to buy 50 MW of solar parks in Vietnam
Thai energy company Banpu PCL (BKK:BANPU) today said it has agreed to acquire the companies holding a 50-MW portfolio of two solar parks in Vietnam in a deal worth USD 26.7 million (EUR 23.6m).
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 […]
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.
