Vietnam needs $600 bln plus to achieve net-zero emissions by 2050
Vietnam will have to invest about $534-658 billion to achieve its target of net-zero greenhouse gas (GHG) emissions by 2050, according to the Institute of Energy (IoE) under the Ministry of Industry and Trade.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
While dozens of coal-fired power plants (CFFPs) in Vietnam are facing closure or forced to transition to cleaner input fuels to meet net-zero emissions target by 2050, the government has yet to set a clear roadmap to help them in this process.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation
The Asian Development Bank (ADB) plans to offer technical assistance and $2.1 billion for Vietnam’s climate change adaptation per the country’s Nationally Determined Contributions commitment and energy transition.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia builds national action plan to achieve energy transition targets
Malaysia is drafting a national energy efficiency action plan for 2026 - 2035 (NEEAP 2.0) to continue efforts to achieve energy transition targets, its Deputy Prime Minister Fadillah Yusof has said.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
VietinBank inks green cooperation pacts with Japanese financial institutions
VietinBank, a state-controlled Vietnamese lender, has struck cooperation agreements with Mitsubishi UFJ Financial Group (MUFG) for sustainable growth and the Japan Bank for International Cooperation (JBIC) for decarbonization and energy transition.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, EU launch plan to mobilize $15.8 bln for energy transition
Vietnam and the European Union (EU) on Friday launched a plan to mobilize up to $15.8 billion, an increase from the initial $15.5 billion, of climate financing pledged last year by international partners, to help the Southeast Asian nation wean off coal power.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
German businesses 'very interested' in Vietnam energy transition: diplomat
Santiago Alonso, development counselor at the German embassy in Hanoi, talks to The Investor on the interest of foreign investors, including German ones, in capitalizing on Vietnam's green energy market, and the cooperation between the two governments in creating green jobs in the Southeast Asian country.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia to provide $69.4 mln for Vietnam’s infrastructure development, energy transition
Australia will offer Vietnam an aid package of AU$105 million ($69.4 million) to help the country with infrastructure development, climate change response and energy transition, Australian Prime Minister Anthony Albanese said on Sunday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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
France aids Vietnam utility’s energy transition with EUR1 million grant
The French Development Agency (AFD) and the Electricite de France (EDF) have signed an agreement on financing Vietnam Electricity (EVN) with EUR1 million ($982,000) to facilitate the latter’s energy transition.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
-
Vietnam gov’t irons out incentives for rooftop solar development
-
Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
-
Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam