The Ministry of Industry and Trade (MoIT) has asked provinces and centrally-run cities to review wind, solar and hydropower projects included in the national planning scheme for electricity development for 2011-2020 with a vision towards 2030.

Vietnamese energy giants Vietnam Oil and Gas Group (PVN) and Vietnam Electricity Group (EVN) are awaiting the nod to take over two build-operate-transfer (BOT) power plants developed by foreign investors.

The problems arising during site clearance and the lockdown during the Covid-19 pandemic have led to the slow implementation of the 500KV transmission line circuit 3 project.

A series of build-operate-transfer power projects are lagging behind set schedules by as much as a year due to the global pandemic, threading concern into the power supply issue in the coming time.

The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth.

Power supply for production and domestic consumption in 2020 would be ensured, according to the Ministry of Industry and Trade (MoIT).

Environmental protection projects in Vietnam need a fund of $753 billion. The State Bank of Vietnam has included green financing program in legal documents to drive loans to projects for sustainable development.

VietNamNet Bridge - Foreign investors registered 527 projects from the beginning of the year to July 15, with total capital of $498 million, according to the HCMC Planning & Investment. 

The Vietnam Oil and Gas Group (PetroVietnam) will call for investment in eight power projects with a total capacity of 8,700 MW, including: Vung Ang, Quang Trach 1, Thai Binh 2, Long Phu 1, Song Hau 1, Dakring, Hoa Thang and Blue Whale.

 VietNamNet Bridge – Many giant foreign companies such as Sembcorp, Samsung and Sumitomo are showing strong interest in electricity projects in the country.

 VietNamNet Bridge – Not only power groups like Sembcorp, Tata Power, Graham Bell and Associates Limited – GBA, but multi-field groups like Samsung and Sumitomo are planning to pour capital into power projects in Vietnam.

 VietNamNet Bridge – Samsung moves ahead with its plan to develop power projects in Vietnam. However, it’s still unclear if it can succeed in the energy sector, once the Electricity of Vietnam (EVN) remains the only wholesale buyer.