Vietnam plans 10-20 mln ton hydrogen warehousing by 2050

Vietnam plans 10-20 mln ton hydrogen warehousing by 2050

Vietnam plans to build hydrogen storage, distribution and usage facilities with an annual capacity of 10-20 million tons by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Asean green transformation expected to lure $6.7 trillion in investments: Secretariat

Asean green transformation expected to lure $6.7 trillion in investments: Secretariat

The Association of Southeast Asian Nations (Asean) is setting course for a carbon-neutral future which could attract a substantial $3.7-6.7 trillion in green investment and unlock between 49 and 66 million additional jobs for the region, according to the block Secretariat.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ministry seeks urgent rules on direct power purchase agreements

Ministry seeks urgent rules on direct power purchase agreements

Vietnam’s Ministry of Industry and Trade has called for a government decree to cover direct power purchase agreements (DPPAs) to help renewable energy generators sell clean electricity to major offtakers.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Environmental protection more important than making profit: Lego executive

Environmental protection more important than making profit: Lego executive

Enterprises that are shifting production to go green in Vietnam must protect the environment instead of chasing the cheapest cost, according to an executive from Danish giant toymaker Lego.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam plans to generate 50% of power from renewable sources by 2030

Vietnam plans to generate 50% of power from renewable sources by 2030

Energy-thirsty Vietnam expects renewable energy to make up 50.3% of the total capacity generated by 2030, as outlined in the country’s latest power development plan.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam joins Asia to supply round-the-clock renewable energy

Vietnam joins Asia to supply round-the-clock renewable energy

Vietnam has joined Asia’s plans to increase the development of battery energy storage systems (BESS) to ensure supplies of round-the-clock renewable energy towards carbon neutrality.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ranks 10th on global renewables FDI league table

Vietnam ranks 10th on global renewables FDI league table

Vietnam was among the top 10 countries in terms of attracting foreign investment in green power technologies in 2022, fDi Intelligence said on Tuesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai-backed $2.3 bln thermopower project canceled in central Vietnam

Thai-backed $2.3 bln thermopower project canceled in central Vietnam

Authorities in Quang Tri have informed EGATi of the Vietnamese province’s decision to terminate the Thai electricity firm’s 1,320-megawatt coal-fired power project.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore energy firm Athein eyes $1 bln fundraising for Vietnam, 3 others

Singapore energy firm Athein eyes $1 bln fundraising for Vietnam, 3 others

Singapore-based company Athein is making a $1 billion fundraiser in three years to finance its pipeline of solar and wind power projects in Vietnam, the Philippines, Australia, and India.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm breaks ground for country’s first green hydrogen plant

Vietnam firm breaks ground for country’s first green hydrogen plant

Clean energy company TGS started the construction of Vietnam's first green hydrogen factory on Thursday in the Mekong Delta province of Tra Vinh, with the total cost estimated at VND8 trillion ($341 million).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese banks to finance $300 mln for Vietnam's renewable energy sector

Japanese banks to finance $300 mln for Vietnam's renewable energy sector

The Japan Bank for International Cooperation (JBIC), Mizuho Bank, Joyo Bank, and Shiga Bank will provide funding totaling $300 million to renewable energy firms in Vietnam to support the country's decarbonization efforts.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deutsche Bank throws weight behind Vietnam's green energy transition

Deutsche Bank throws weight behind Vietnam's green energy transition

Deutsche Bank joined a working group set up by the Glasgow Financial Alliance for Net Zero in December 2022 to support capital mobilization for the Vietnam Just Energy Transition Partnership. Huynh Buu Quang, Deutsche Bank chief country officer in Vietnam, talks with The Investor about the bank's green finance.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam renewable investors seek changes in power price policy

Vietnam renewable investors seek changes in power price policy

A letter signed by 36 companies developing wind and solar projects in Vietnam has been sent to Prime Minister Pham Minh Chinh to ask for changes in power price policies.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Duong to support major investor Lego in project-related problems

Binh Duong to support major investor Lego in project-related problems

Officials in Vietnam’s Binh Duong province, where Lego is building its first carbon-neutral factory with more than $1 billion in investment, have promised to help the Danish toymaker remove land-related obstacles and other issues for the project.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

AFRY awarded engineering contract for Vietnam wind farm

AFRY awarded engineering contract for Vietnam wind farm

Sweden's AFRY, a European leader in engineering, design, and advisory services, has secured an owner’s engineering service assignment for an offshore wind power project in central Vietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Marubeni deal gives Vietnam’s second largest gas project a lift

Marubeni deal gives Vietnam’s second largest gas project a lift

Vietnam’s second largest natural gas project that needs around $10 billion to facilitate fuel energy transition has received a stimulus from a deal signed on Wednesday by Japanese heavyweight Marubeni and Petrovietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s Clime Capital, EBOOST to power up charging network in Vietnam

Singapore’s Clime Capital, EBOOST to power up charging network in Vietnam

Clime Capital, a Singapore-based fund manager focusing on low carbon transition, has teamed up with EBOOST, an open network electric vehicle (EV) charging operator in Vietnam, to expand the latter’s network.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Growatt opens first solar inverter plant in Vietnam

Growatt opens first solar inverter plant in Vietnam

Growatt, a world-leading provider of solar energy solutions, has inaugurated its first Vietnam plant, manufacturing solar and storage inverters, and storage batteries.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

World Bank’s $50 mln green bond to aid Vietnam’s environmental efforts

World Bank’s $50 mln green bond to aid Vietnam’s environmental efforts

The World Bank has priced a $50 million emission reduction-linked bond for Vietnam providing investors with a return linked to the issuance of verified carbon units (VCUs) expected to be produced by a new project.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s carbon neutrality goal instrumental in Lego’s investment decision

Vietnam’s carbon neutrality goal instrumental in Lego’s investment decision

Danish giant toymaker Lego Group is investing more than $1 billion in building its first carbon-neutral plant in Binh Duong province, with production set to start in 2024. Preben Elnef, general manager of Lego Manufacturing Vietnam Co. Ltd., explains to The Investor that the country’s target of net-zero emissions by 2050 and government support have made Vietnam its newest investment destination.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM meets with Standard Chartered executives in Singapore

Vietnam PM meets with Standard Chartered executives in Singapore

Prime Minister Pham Minh Chinh called for soft loans from Standard Chartered for green and renewable energy projects in Vietnam while meeting with leaders of the British bank in Singapore on Thursday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Singapore boost ties in digital economy, sustainable development

Vietnam, Singapore boost ties in digital economy, sustainable development

Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong agreed Thursday that the two countries will establish partnerships in the digital economy and green economy during their talks in the island state.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

German investment firm DEG revs up Vietnam business

German investment firm DEG revs up Vietnam business

DEG, the German government’s investment arm, has been ramping up its financing work in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province seeks to revitalize $2.3 bln power project after Thai firm quits

Central Vietnam province seeks to revitalize $2.3 bln power project after Thai firm quits

A shift to using gas is expected to help an abandoned 1,320-megawatt coal-fired power project in Quang Tri province to fire up again.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam set to become new rare earths player

Vietnam set to become new rare earths player

Vietnam has signaled its intentions to play a role in the global rare earths supply chain as a wider supply base worldwide means less dependence on China.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Doosan Enerbility, HDF Energy find more clean energy partners in Vietnam

Doosan Enerbility, HDF Energy find more clean energy partners in Vietnam

South Korea’s Doosan Enerbility and France-based HDF Energy have just taken new steps in the expanding renewables market in Vietnam, which targets carbon neutrality by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks European Investment Bank soft loans to advance development agenda

Vietnam seeks European Investment Bank soft loans to advance development agenda

Vietnam is still a developing country with a low starting point and needs assistance in the form of preferential credit, Prime Minister Pham Minh Chinh told the European Investment Bank (EIB) Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam will facilitate European investment in green growth: PM

Vietnam will facilitate European investment in green growth: PM

Vietnam will continue creating favorable conditions for European firms to invest in renewable energy, environmental protection, high technology and the green transformation process, Prime Minister Pham Minh Chinh said Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

The Investor to hold workshop on Vietnam renewable energy development

The Investor to hold workshop on Vietnam renewable energy development

A Friday seminar on the development of renewable energy in Vietnam, held by The Investor, will provide a platform for the government and sector to discuss pressing issues on this meaningful development.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC, Vietnam securities regulator partner to boost green finance

IFC, Vietnam securities regulator partner to boost green finance

The World Bank’s investment arm IFC, in partnership with the Swiss State Secretariat for Economic Affairs (SECO), is scaling up its support to Vietnam’s government to promote sustainable finance and spur private sector investment.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Russia’s Novatek eyes LNG exports to Vietnam

Russia’s Novatek eyes LNG exports to Vietnam

Novatek, Russia's second-largest natural gas producer, is considering shipping liquefied natural gas (LNG) to Vietnam for existing and future power plants, says CEO Leonid Mikhelson.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB leads $135 mln climate finance package to back Vietnam electric mobility

ADB leads $135 mln climate finance package to back Vietnam electric mobility

The Asian Development Bank (ADB) has mobilized a $135 million climate financing package for Vietnamese automaker VinFast to manufacture the country’s first fully-electric public transport bus fleet and first national electric vehicle charging network.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

American utility AES pledges long-term investment support for Vietnam’s net-zero emissions goal

American utility AES pledges long-term investment support for Vietnam’s net-zero emissions goal

American energy developer AES is committed to long-term operations in Vietnam, helping the country reach its carbon neutrality target by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam solar energy costs 'lowest' in Southeast Asia

Vietnam solar energy costs 'lowest' in Southeast Asia

Vietnam has the lowest “levelized” cost of solar energy in Southeast Asia, the International Renewable Energy Agency (IRENA) says in its latest major energy-transition publication.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Spanish developer to operate wind power projects in SE Asia, including Vietnam

Spanish developer to operate wind power projects in SE Asia, including Vietnam

Spanish renewables developer Acciona Energia has entered into a strategic partnership with Asia’s The Blue Circle to build and operate the latter’s pipeline of projects in Vietnam and Southeast Asia.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7