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Update news vietnam's energy industry
The Vung Ang II Thermal Power Plant was officially inaugurated on April 18 at the Vung Ang Economic Zone in Ha Tinh, marking a significant milestone in strengthening Vietnam’s energy security and supporting regional economic growth.
The Dung Quat Biofuel Plant is accelerating production and is expected to reach full capacity by mid-April, supplying ethanol for nationwide E10RON95 biofuel blending.
The push for energy transition stems not only from market pressure or environmental standards, but also from the need to strengthen the resilience of the economy.
Vietnam has increased its fuel reserves from 15 to approximately 26 days as part of efforts to enhance energy security amid global uncertainties, according to Le Manh Hung, Minister of Industry and Trade.
As demand for blending E10 RON95 biofuel continues to rise, ensuring a stable supply of input materials such as cassava and maize for ethanol production remains a significant challenge, requiring coordinated and comprehensive solutions.
A spike in electricity demand amid extreme heat has pushed rooftop solar ahead of wind and biomass, reshaping Vietnam’s power mix in a single day.
While Middle East tensions do not alter Vietnam’s strategic direction, they serve as a practical stress test for the country’s energy strategy.
Prime Minister Pham Minh Chinh has called for the immediate construction of a national crude oil reserve facility in Nghi Son, Thanh Hoa Province, while directing authorities to study additional storage sites in Quang Ngai and Ho Chi Minh City.
The transition toward cleaner energy is no longer driven solely by market pressures or environmental standards, but increasingly by the need to strengthen economic resilience amid global uncertainties.
Vietnam needs “breakthrough pushes” to safeguard national energy security while sustaining rapid and sustainable growth, Le Huu Phuc, Vietnam’s Trade Counsellor in Thailand told the Vietnam News Agency.
Deputy Prime Minister Nguyen Chi Dung has signed a decision to approve the strategy for the development and application of atomic energy for peaceful purposes through 2035, with a vision to 2050.
Vietnam is revising its national energy master plan for 2021–30, with a vision to 2050, to meet higher growth targets and adapt to planning changes and rapid technological advances.
Acting Industry and Trade Minister Le Manh Hung on February 3 witnessed BSR sign MoUs with leading US energy firms, marking a new step in bilateral energy ties.
Vietnam’s renewable energy sector faces uncertainty as wind producers warn of financial collapse.
Prime Minister Pham Minh Chinh on November 4 signed Decision No. 2433/QD-TTg regarding the establishment of the State Steering Committee for Key National Programmes, Projects, and Works in the Energy Sector.
The event serves as a key platform for global discussions on current challenges and future directions in the energy and fuel sectors, with Vietnam expected to take part in a series of important bilateral engagements on its sidelines.
Significantly, Resolution 70-NQ/TW emphasises the equal role of the private sector, encouraging deeper engagement from both domestic and foreign enterprises.
Vietnam’s new energy resolution promotes private investment, technological innovation, and a competitive electricity market.
Vietnam’s energy transition will require more than $135 billion between 2021 and 2030. But experts warn that unresolved policy bottlenecks are keeping investors from committing capital to this vital shift.
Deputy Prime Minister Bui Thanh Son has signed a decision approving the task of drafting a revised national energy master plan for the 2021–2030 period, with a vision to 2050.