Bac Lieu prioritises renewable energy

Bac Lieu (VNA) – The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

Vietnamese bank secures IFC loan for SMEs and climate projects

The International Finance Corporation (IFC) is providing a US$100 million long-term loan to Orient Commercial Joint Stock Bank (OCB) of Vietnam to help expand lending to small and medium enterprises (SMEs) and boost financing, especially for climate-friendly projects in the country. This is designed to facilitate greater private sector contribution to a green and sustainable […]

Vietnam may have 30% of electricity from wind by 2050, says World Bank

Offshore wind power is expected to supply 30% of Vietnam’s electricity by 2050, according to a report by World Bank. In its Vietnam’s Offshore Wind Development Roadmap report published last month, World Bank says that offshore wind power will generate 5-12% of Vietnam’s electricity by 2035 – which will be 11GW in a low-growth scenario […]

A paradox of power consumption and generation

Numerous areas across Vietnam have been experiencing blackouts due to elevated power consumption breaking historical records during the June heatwaves. The Electricity of Vietnam’s (EVN) National Load Dispatch Centre (NLDC) said the electricity demand across Vietnam has broken a new record on June 21, with 42,146MW.