Deciding to totally divest from Mong Duong 2 thermal power project in Quang Ninh province, AES, the US-based energy corporation, said it wants to turn its low-emission goal into reality.

A number of countries, including Vietnam, have been facing sharp coal, oil and gas price increases over the last two years.

The electricity industry faces diminished performance in Q3 as profits plummet due to the struggles of hydropower and thermal power businesses.

The Ministry of Industry and Trade has officially submitted a draft plan to the Government to implement the National Power Development Plan VIII, which outlines the need of substantial investments worth US$134.7 billion by 2030.

The Ministry of Industry and Trade will wield an iron fist on delayed build-operate-transfer projects, giving a chance instead to ventures that switch from coal.

Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.

The successful conversion of coal power projects to liquefied natural gas (LNG) is necessary to ensure energy security and help Vietnam achieve its goal of net-zero emissions by 2050, said industry experts and insiders.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan had a working session with the EU delegation to Vietnam and the British Embassy in Hanoi on October 3 to discuss the implementation of the Just Energy Transition Partnership (JETP).

High input prices were a major contributor to Vietnam Electricity (EVN)'s financial loss, according to the Department of Electricity Regulatory under the Ministry of Industry and Trade (MoIT).

With the use of hydrogen, a new energy carrier, coke and petroleum products will be replaced, thus helping ease CO2 emissions.

Renewable energy companies have recorded declining earnings results, partly due to burdens on corporate bond payment.

The Ministry of Industry and Trade has proposed a plan to implement the National Power Development Plan VIII, which outlines the need of substantial investments worth US$134.7 billion in the country’s electricity sector by 2023.

The pricing for new solar energy projects may differ based on the solar radiation intensity specific to each region across the country.

Vietnam Electricity Group (EVN) has endorsed a proposal for a new electricity tariff adjustment mechanism.

There are still issues to be resolved with the recently approved National Power Development Plan 8 (PDP8), namely how to attract and encourage private investors, including green financing from foreign financial institutions.

The long-anticipated Power Development Plan 8 (PDP8) for 2021-2030, with a vision to 2050, which was released in May, sets out a roadmap for Viet Nam’s long-term renewable energy goals.

Electricity of Vietnam (EVN) has reported that electricity from coal-fired power plants has accounted for 50 percent of the total output of the entire system.

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.

In a significant stride towards renewable energy adoption, 15 transitional renewable energy projects have contributed approximately 154 million kilowatt-hours (kWh) of electricity.

For scheduled projects and the electricity generation workload, the total investment capital for 2021-2030 is estimated to be $113.3-134.7 billion.