Marubeni seeks cooperation in sustainable aviation fuel, offshore wind power in Vietnam
Marubeni Asian Power Singapore Pte Ltd., a wholly-owned subsidiary of Japanese multi-sector giant Marubeni, is seeking to cooperate with Vietnamese businesses in sustainable aviation fuel and renewable energy, particular offshore wind power.
A Marubeni Asian Power Singapore Pte Ltd. delegation, led by CEO Moroo Shiro, delivered its renewable energy intention to state utility Vietnam Electricity (EVN) at a Wednesday meeting.
The company said it has been developing wind power projects globally since 2010 and reaped massive experiences in the field.
Marubeni also noted that it is seeking to boost the cooperation with EVN in technology and solutions for reducing carbon emissions of coal-fired power plants.
In reply, EVN general director Nguyen Anh Tuan said EVN looks forward to cooperation with credible and experienced foreign partners like Marubeni to implement its energy transition and green energy development. The move is part of its efforts to help Vietnam’s net zero emission target by 2050.
Also as part of the Marubeni delegation in Vietnam, Moroo Shino and national flag carrier Vietnam Airlines leadership had a discussion on use of sustainable aviation fuel.
Moroo Shino affirmed that Marubeni is capable of supplying such fuel to Vietnam Airlines, in line with the latter’s sustainable development strategy.
In reply, the carrier emphasized it would soon make first flights with sustainable aviation fuel, towards Vietnam’s net zero emission target by 2050.
In November 2023, Marubeni president and CEO Masumi Kakinoki said the conglomerate had invested JPY90 billion ($593 million) in Vietnam since 1991 and was looking to continue investing billions of USD more. Marubeni aimed to further its investments in Vietnam, especially in energy, processing, export of goods, and infrastructure development, the executive added.
- Read More
Russian PM’s visit to lift Vietnam-Russia relations
Russian Prime Minister Mikhail Vladimirovich Mishustin will pay an official visit to Vietnam from January 14-15, over six months after the state visit by President Vladimir Vladimirovich Putin.
Politics - Sat, January 11, 2025 | 10:42 am GMT+7
Half of Military Bank credit earmarked for retail banking, SMEs: CEO
At least 50% of Hanoi-based Military Bank’s (MB) credit expansion in 2025 will go to retail banking and small and medium enterprises, while the rest to large enterprises.
Banking - Sat, January 11, 2025 | 10:02 am GMT+7
Vietnam conglomerate Vingroup to set up robotics company
Vingroup, the largest private conglomerate in Vietnam, plans to establish VinMotion, a company specializing in research, development, and application of multifunctional robots.
Companies - Sat, January 11, 2025 | 9:44 am GMT+7
S Korea’s SK to sell part of stake in Vietnam conglomerate Vingroup
South Korean chaebol SK Group plans to sell about 50.86 million VIC shares of Vietnam’s conglomerate Vingroup as part of its investment portfolio restructuring strategy.
Companies - Sat, January 11, 2025 | 9:25 am GMT+7
Primary apartment sales in HCMC, surrounding areas rise 24% in 2024: report
Sales of primary apartments in Vietnam’s southern metropolis of Ho Chi Minh City and surrounding areas reached 12,506 units in 2024, up 24% year-on-year, according to a report by real estate service provider DKRA Group.
Real Estate - Sat, January 11, 2025 | 8:00 am GMT+7
Shares of Vietnam's leading developer Novaland sink to record low
Shares of Vietnam’s leading real estate developer, Novaland, fell below par value to VND9,920 ($0.39) apiece on Friday, marking their lowest level since the company’s listing in late 2016.
Companies - Fri, January 10, 2025 | 10:49 pm GMT+7
Vietnam’s Big 4 banks post record profits in 2024
The four largest banks in Vietnam by total assets - BIDV, VietinBank, Agribank, and Vietcombank - reported record profits totaling an estimated VND126 trillion ($4.97 billion) in 2024, marking an all-time high.
Banking - Fri, January 10, 2025 | 10:34 pm GMT+7
BRICS membership opens door for Indonesia to access Russia’s crude oil
Indonesia’s recent entry to the BRICS bloc could provide the nation with potential economic advantages, particularly in addressing trade deficit in the oil and gas sector, according to state news agency Antara.
Southeast Asia - Fri, January 10, 2025 | 9:22 pm GMT+7
Philippines' rice imports hit record high in 2024
The Philippines' rice imports in 2024 rose to a new all-time high of almost 4.7 million metric tons as the country turned to foreign supplies to plug its shortfall in domestic stocks and temper retail prices of the staple.
Southeast Asia - Fri, January 10, 2025 | 9:14 pm GMT+7
Indonesia pins hopes on BRICS membership
Amelia Anggraini, a member of the House of Representatives (DPR) of Indonesia, has said that Indonesia’s official membership of the BRICS grouping must bring real benefits to its people.
Southeast Asia - Fri, January 10, 2025 | 9:08 pm GMT+7
Malaysia looks to leverage RCEP during ASEAN chairmanship
As chair of the Association of Southeast Asian Nations (ASEAN) this year, Malaysia plans to focus on leveraging the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement now in force.
Southeast Asia - Fri, January 10, 2025 | 9:06 pm GMT+7
Vietnam ministry asks AES to revise LNG power project feasibility study per new Electricity Law
AES should revise its feasibility study report for the Son My 2 LNG-to-power plant per the new Electricity Law 2024, says Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Fri, January 10, 2025 | 5:31 pm GMT+7
Vietnam 'sometimes' lacks electricity supply for semiconductor sector: gov’t
Vietnam’s electricity supply for the semiconductor sector is insufficient “in some locations sometimes,” the government admitted in a dispatch issued on Monday.
Economy - Fri, January 10, 2025 | 4:58 pm GMT+7
$2 bln LNG power plant in northern Vietnam to start construction in late 2025
The $2 billion LNG Thai Binh power plant project in Thai Binh province aims to complete its feasibility study in the second quarter of this year and begin construction in Q4/2025.
Energy - Fri, January 10, 2025 | 2:11 pm GMT+7
Vietnam most attractive alternative to China for manufacturing: consultant
China used to have many policies to attract foreign investors to build factories, but now there are many changes and Vietnam is the ideal alternative, says Kyle Freeman, a partner at Dezan Shira & Associates.
Economy - Fri, January 10, 2025 | 11:51 am GMT+7
Vietnam financial centers aim to attract Forbes 500 firms with tax incentives
Vietnam aims to attract Forbes 500 firms into its to-be-built financial centers with tax incentives, according to a draft resolution on building financial centers.
Economy - Fri, January 10, 2025 | 11:29 am GMT+7