Geo-data firm Fugro extends presence in Vietnam amid growing interest in offshore wind

Geo-data firm Fugro extends presence in Vietnam amid growing interest in offshore wind

Netherlands-headquartered surveying company firm Fugro has extended a memorandum of understanding (MoU) with Vietnam’s PTSC Geos & Subsea Services Co., Ltd (PTSC G&S) to continue marine site surveys for offshore wind amid high demand for geo-data.

Energy - Wed, March 13, 2024 | 10:36 am

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.

A year in review and 2024 forecasts - Tue, January 2, 2024 | 6:23 pm

Japan’s Marubeni eyes offshore wind power in northern Vietnam

Japan’s Marubeni eyes offshore wind power in northern Vietnam

Japanese conglomerate Marubeni plans to make offshore wind power investments in Vietnam’s northern province of Thai Binh, the firm made the suggestion at a recent meeting with provincial authorities.

Energy - Thu, December 21, 2023 | 10:26 pm

Slow policy issuance may make offshore wind power investors leave Vietnam: global wind energy council

Slow policy issuance may make offshore wind power investors leave Vietnam: global wind energy council

Vietnam is in a position to attract offshore wind power investments, but failures to timely provide supporting policy can turn investors and suppliers away, the Global Wind Energy Council (GWEC) said.

Energy - Wed, September 6, 2023 | 3:55 pm

Lack of policies blows foreign wind power investors out of Vietnam: PTSC executive

Lack of policies blows foreign wind power investors out of Vietnam: PTSC executive

A lack of detailed policies and guidelines for wind energy investment in Vietnam is making foreign investors turn to other markets, said Le Manh Cuong, CEO of Petrovietnam Technical Services Corp (PTSC).

Energy - Thu, June 15, 2023 | 3:17 pm

Danish energy giant Orsted 'pauses market development activities' in Vietnam

Danish energy giant Orsted 'pauses market development activities' in Vietnam

Denmark’s Orsted has "paused market development activities in Vietnam," Per Mejnert Kristensen, its senior vice president and Asia-Pacific president, said at the wind power giant’s Capital Market Day event last Thursday.

Energy - Tue, June 13, 2023 | 8:54 am

Petrovietnam subsidiary to build offshore wind farm foundations for Orsted

Petrovietnam subsidiary to build offshore wind farm foundations for Orsted

Petrovietnam Technical Services Corp (PTSC) on Friday signed a contract to build offshore wind farm foundations for Orsted, becoming the first Vietnamese business to receive a mass order for offshore wind power equipment.

Energy - Mon, May 22, 2023 | 12:34 pm

Petrovietnam not allowed but strongly capable of offshore wind power: executive

Petrovietnam not allowed but strongly capable of offshore wind power: executive

Petrovietnam is currently not allowed to invest in offshore wind power projects under a Politburo resolution, but the state-owned oil and gas group is strongly capable of such a business, said its vice chairman Pham Tien Dung.

Companies - Mon, March 20, 2023 | 9:05 am

Vietnam’s PTSC M&C first steel cut for major Taiwan wind offshore substations

Vietnam’s PTSC M&C first steel cut for major Taiwan wind offshore substations

Petrovietnam’s mechanical and construction company PTSC M&C has conducted the first cut of steel for the two offshore substations Hai Long 2 and Hai Long 3 of the 1,044-megawatt Hai Long Offshore Wind Project in Taiwan Strait.

Energy - Tue, November 8, 2022 | 10:44 am

Vietnam, Denmark to strengthen green growth times

Vietnam, Denmark to strengthen green growth times

Vietnam and Denmark have boosted bilateral green growth cooperation towards achieving net-zero emission goals, with some corporate deals signed during a working visit to Vietnam by Danish Crown Prince Frederik.

Energy - Fri, November 4, 2022 | 10:17 am

$2.16 bln Lao wind project to sell electricity to Vietnam

$2.16 bln Lao wind project to sell electricity to Vietnam

Laos' government and energy companies expect a 1,200-megawatt wind power project will provide electricity for both domestic and export markets like Vietnam.

Energy - Mon, September 19, 2022 | 5:57 pm

Orsted plans $5.5 bln offshore wind development in Vietnam before 2030

Orsted plans $5.5 bln offshore wind development in Vietnam before 2030

Danish power giant Orsted expects to generate two gigawatts as its initial offshore wind power in Vietnam before 2030, spending $5.5 billion and creating 25,000 jobs.

Energy - Sun, September 18, 2022 | 7:59 am

Denmark investors seek to catch up with others in Vietnam

Denmark investors seek to catch up with others in Vietnam

Danish companies are rushing to make their presence felt in Vietnam as the Southeast Asian nation emerges as a new manufacturing hub.

Industries - Thu, September 15, 2022 | 9:38 am

Danish giant inks wind power deal with Vietnam contractor

Danish giant inks wind power deal with Vietnam contractor

Danish wind power giant Orsted has inked a deal with Petrovietnam Technical Services Corp. Mechanical & Construction (PTSC M&C) to launch collaboration on offshore wind projects in renewable energy-thirsty Vietnam.

Energy - Thu, August 11, 2022 | 2:39 pm