Though the LNG market in Vietnam is still in its infancy, both state-owned enterprises like PV Gas and private companies like Angelin Energy see its great potential, reported Nhip Cau Dau Tu.

Vietnam has demonstrated significant progress in promoting renewable energy thanks to its policies over recent years, 

Thanks to the government’s recent mechanisms on renewable energy, Vietnam is doing all it can to facilitate further attraction of the private sector.

Existing legal loopholes have been exploited by many investors taking advantage of incentives given to rooftop solar power projects.

Like other countries, Vietnam is striving to use more renewable energy instead of fossil fuels.

Vietnam is drafting the eighth national power development master plan after failure to implement electricity generation and electricity network projects under the seventh plan.

Many private enterprises said they want to invest in building renewable energy infrastructure, but Viet Nam still lacks mechanisms to encourage private enterprises to participate in this activity.

Around 12,000 MW of wind power has been added to the national power development plan, which has raised concern about the overloading of the transmission grid.

As wind and solar power project developers now can enjoy a high FIT (feed in tariff) price, investors are registering more projects to resell for profit.

The development of wind and solar power has not reached its great potential, especially in the central and southern region, experts have said.

Vietnam could become an emerging wind power market if it removes existing barriers to its progress, experts have said.

Investment of billions of dollars into renewable energy has been a frequent topic of discussion at recent shareholders’ meetings of power companies.

PM Nguyen Xuan Phuc has asked the Electricity of Vietnam to review recent hikes in household electricity bill, stressing that mistakes that affect people’s rights must be avoided and violations, if any, must be strictly handled.

Vietnam’s offshore windpower potential is great, and the opportunities to develop it must not be missed just because of difficulties in the development of this new industry.

Experts forecast Vietnam’s wind power sector would further grow in line with the Government’s stronger regulatory support announced recently and rising investor interest, which has strengthened the project pipeline.

Tens of solar power projects have been bought by foreign investors through M&A deals.

While the renewable energy industry found favor among many foreign firms and foreign investment funds in the past, now, local players have become increasingly active, 

The Prime Minister’s Decision 13 on solar power projects in Vietnam, which took effect on May 22, will give a push to the development of this kind of clean energy.

Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas.

Electricity of Vietnam (EVN) group has required the Ministry of Industyr and Trade (MoIT) to publish the list of grid-connected solar power projects which were added to the power planning of Ninh Thuan.