As one of the countries most severely affected by climate change, Vietnam has been making great efforts to cope with climate change and pursue sustainable green development.

Offshore wind energy is crucial to many nations' green energy transition, but Vietnam is new to this field.

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Trung Nam Group, struggling with significant debt, has sold its controlling stake in its largest solar project, which is now seeing a positive shift in profits.

Effective from July 3, 2024, Decree 80 outlines the framework for direct power purchase agreements, aiming to enhance the collaboration between renewable energy suppliers and major electricity users.

154 solar power projects, previously flagged for violations, will be integrated into the updated National Power Development Plan after resolving their issues.

Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy to advance innovative distributed energy solutions.

Learn about the key factors contributing to Vietnam's 32nd rank in the clean energy transition index and what lies ahead for its sustainable energy journey.

Producers and customers can now directly buy and sell clean energy through a power purchase agreement, with electricity prices determined by mutual agreement between both parties.

Regarding policies for renewables development, the Ministry of Industry and Trade (MOIT) believes that it is time to shift from support to competition policies.

With enormous potential for solar power, onshore and offshore wind power, Vietnam is well positioned to transform its energy sector from fossil fuels to renewable energy and leverage its national resources.

The government of Vietnam needs to set renewables prices at reasonable levels that can benefit investors, EVN and consumers, experts say.

LNG (liquefied natural gas) is considered the trump card of clean energy trends. Vietnam is following the trend, having committed to reduce net emissions to zero by 2050.

Experts believe that use of LNG (liquefied natural gas) will continue, but Vietnam still doesn’t have a legal framework on LNG import and business.

Since 2017, many solar power and wind power projects have been implemented in Vietnam, marking the country as a bright spot on the world's renewable energy map.

The Ministry of Industry and Trade has submitted the long-waited draft decree on direct purchase agreement (DPPA) to the Government for approval.

Twenty-nine renewable energy projects with a total capacity of more than 1,577 MW have been supplying energy to the national power grid.

Electricity of Vietnam (EVN) president Dang Hoang An believes that it is possible to create a direct power purchase market with no limitations in terms of buyers and sellers.

This strategic move is crucial for the nation to attain its target of net-zero emissions by 2050.

LNG-fired power is seen as a good solution to emission reductions because power plants running on LNG generate 50 percent fewer CO2 emissions than one burning coal. But production costs will be high, VND2,400-2,800/kwh.