vietnam's energy industry

Update news vietnam's energy industry

Vietnam needs a competitive energy market: experts

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.

Huge potential for VN, UK to boost cooperation in clean energy

There is a huge potential for Việt Nam and the UK to enhance cooperation in clean energy, as both countries have set ambitious goals for carbon neutrality moving towards a sustainable future, experts have said.

Minister warns policy delays stifling investment in energy projects

Minister of Industry and Trade, Nguyen Hong Dien, highlighted the current reality: investors are hesitant and lack motivation to initiate energy projects due to uncertainty around capital recovery mechanisms for large investments in the sector.

VN needs to engage more with the global energy chain

Vietnam needs to take more drastic action to accelerate energy transition and engage with the global energy chain, moving towards carbon neutrality, a conference held by Business Forum magazine heard on Thursday.

Vietnam needs to consider energy storage to ensure energy security

Vietnam needs to consider the development of battery energy storage system (BESS) while the country is on a path towards promoting renewable energies to ensure energy security and sustainable development, experts have said.

Gas to be backbone of Vietnam energy requirement: seminar

Vietnam needs to develop a holistic strategy to ensure sustainable, reliable and cost-competitive gas supply, experts have said.

Energy giants plans for national power plan

The recent approval for Vietnam’s eighth national power development plan (PDP8) has heated up discussions around business strategies of energy giants in the race to gain advantages in energy transition towards the country’s net-zero goals.

Standard Chartered, US promote clean energy investments in Vietnam

Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.

Finnish businesses keen to expand investment in Vietnamese energy sector

Finnish businesses desire to expand investment cooperation activities in the Vietnamese market across multiple fields, especially the energy sector.

Vietnam forms state steering committee for key energy projects

Prime Minister Pham Minh Chinh has issued a decision establishing the State Steering Committee for critical national energy programs, projects, and initiatives.

National energy master plan for 2021-2030 approved

Deputy Prime Minister Tran Hong Ha has freshly signed a decision to approve the national energy master plan for the 2021-2030 period, with a vision to 2050.

14 solar projects under scrutiny for improper FIT gains

The MoIT has raised concerns over 14 solar projects in the central province of Ninh Thuan that are believed to be unjustly benefiting from preferential tariffs.

Vietnam to develop new energy-based development engine

Vietnam will prioritise foundation industries, supporting industries, and materials for export industries.

Rising energy costs to require roadmap for businesses’ timely adjustment of strategies

The Vietnamese industrial sector may need to reevaluate in order to minimise the effect of rising power costs.

Energy demand to outpace supply in short term

Electricity demand has been growing steadily since 2021 and is expected to surpass domestic output in the short term.

Rooftop solar power projects encounter many difficulties

Responding to the Government's policy of encouraging the development of solar power, many businesses across the country have invested in solar power. Ironically, many investors now have to worry about debts piling up.

US aids its energy companies to boost engagement with Vietnam

Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.