Vietnam faces challenges to reach LNG power target: experts
Vietnam's goal of putting 13 liquefied natural gas (LNG) power plants into operation and replacing 18 GW of coal-fired power with 14 GW of LNG-fired power and 12-15 GW of renewable energy by 2030 is an ambitious target that faces many difficulties and obstacles, said experts.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam businesses keen on generating own solar power
Vietnamese enterprises are focusing on producing their own solar power to meet production needs as no more commercial solar power sources are planned to be put into operation between now and 2030.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam solar power projects to enjoy higher selling prices
Solar power projects in northern Vietnam, where radiation levels are much lower, will enjoy higher selling prices than their counterparts in the central and southern regions.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch climate-centric fund manager enters Vietnam hydrogen fray
Climate Fund Managers (CFM) of the Netherlands has entered into strategic cooperation with Vietnam’s The Green Solutions (TGS) to promote hydrogen industry in the country.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Tri province seeks to speed up major LNG power project
Quang Tri province, set to become a power hub in central Vietnam, has presented to the Ministry of Industry and Trade a series of proposals to accelerate the execution of its Hai Lang LNG-to-power project.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Rooftop solar power incentives only for homes, public buildings: ministry
The Ministry of Industry and Trade is against extending rooftop solar power development incentives to other groups before first priority recipients - households and public offices - are covered.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam receives first LNG cargo, prepares terminal test run
Vietnam's first cargo of liquefied natural gas (LNG) was pumped into the Thi Vai LNG Terminal Monday, marking a milestone in the country’s clean energy transition.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retired American naval officers join Vietnam-focused energy firm
Texas-based project development company Energy Capital Vietnam (ECV) announced Friday it was forming a maritime security council with the participation of two retired senior naval officers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Suitable approach for LNG-to-power development in Vietnam
LNG-fired power will account for around 15% of Vietnam’s total electricity supply by 2030, according to the country’s newly-approved power development plan, or PDP VIII.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Royal HaskoningDHV focuses on renewable energy development in Vietnam
Dutch engineering consultancy firm Royal HaskoningDHV is expecting a massive investment increase in renewable energy in Vietnam, and plans to focus on the sector.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM orders drastic action to ensure power supplies
Prime Minister Pham Minh Chinh has requested urgent measures to ensure power supplies during the upcoming dry season and beyond.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Acquisitions in Vietnam energy industry offer investment opportunities
Acquisitions and forming partnerships with firms in Vietnam have become effective ways for energy developers to catch opportunities in the fast-expanding economy.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Malaysia’s TNB teams up with energy players in Vietnam, Laos for regional transition
Malaysian energy company Tenaga Nasional Bhd has inked cross-border partnerships with key companies in Vietnam and Laos to enhance its ongoing drive to strengthen the ASEAN Power Grid (APG) interconnectivity.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gas to be key source of power in Vietnam: securities broker
The freshly approved Power Development Plan VIII (PDP VIII) is expected to open a new chapter for Vietnam's electricity industry, with gas to become a key source of power in 2021-2030, said VNDirect Securities.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Expert analysis of new national power development plan
After three years of drafting and preparation, on May 15, 2023, Prime Minister Pham Minh Chinh issued Decision No. 500/QD-TTg, approving the much-awaited National Power Development Plan for 2021-2030 with a vision to 2050 (PDP VIII). Duong Anh, senior partner of VILAF law firm, analyses the key points of the plan, which may have remarkable effects on the private sector.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s latest power plan opens door to foreign investment: US energy firm
Texas-based project development company Energy Capital Vietnam sees Vietnam’s newly-approved Power Development Plan VIII as a significant step toward greater energy security and the achievement of the country’s 2050 carbon neutrality goal.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to pilot direct power purchase agreement scheme: PM
Vietnam is heading toward implementing a pilot direct power purchase agreement (DPPA) scheme which, for the first time, will enable renewable energy generators to directly sell electricity to buyers, Prime Minister Pham Minh Chinh said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s renewables promoting power plan in line with global greener practices: EuroCham
Vietnam’s latest power development plan facilitates a smooth transition towards equitable and sustainable energy systems, aligning with global trends towards greener practices and the need to reduce emissions, said the European Chamber of Commerce (EuroCham).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
New power development plan offers opportunity for offshore wind power
Vietnam's freshly approved power development plan for 2030 with a vision to 2050, known as PDP VIII, is expected to open up a new opportunity for offshore wind power development.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Firms in Vietnam adopt sustainable practices, grip onsite renewable energy
Companies in Vietnam are incorporating sustainable practices into their operations, advancing the adoption of renewable energy sources for their manufacturing facilities.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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’s energy transition requires industry-wide collaboration: YCP Solidiance
Vietnam’s efforts to drive its renewable energy development are gaining momentum but big challenges are along the way, requiring better collaboration between key players, according to a new report by YCP Solidiance.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
New power development plan needs quality more than speed: PM
The power development plan VIII (PDP VIII) must ensure progress. but more importantly, quality, contributing to boosting national development in the right direction and benefiting the country, said Prime Minister Pham Minh Chinh on Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vietnam power plants’ capacity to hit 146,000 MW by 2030
The total capacity of power plants in Vietnam will reach 121,757-145,989 megawatts by 2030, with renewable energy accounting for 18-27%, according to the Ministry of Industry and Trade's latest draft power development plan VIII.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Only 4 LNG-to-power projects added to new Vietnam power plan
Only four LNG-fuelled power projects are added to the country’s draft national power development plan VIII (PDP VIII), according to the Ministry of Industry and Trade.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry proposes inclusion of five coal-fired projects in new power plan
The Ministry of Industry and Trade has proposed that the government includes five coal-fired thermal power projects in the national power development plan VIII.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tokyo Gas, Kyuden Group ink LNG power project pact
Japan's Tokyo Gas and Kyuden Group have inked a memorandum of understanding with Truong Thanh Vietnam JSC on jointly developing an LNG-to-power project with a phase-one capacity of 1,500 megawatts in northern Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
$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, Dec 22, 2021 | 11:30 am GMT+7
Power plan approval further delayed over government caution
Prime Minister Pham Minh Chinh has requested more thorough considerations taken for the power development plan VIII (PDP VIII) to ensure national energy security and interests are put first.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese power utility, Vietnamese forestry firm to explore biomass opportunities
Japan’s J-Power and the Vietnam Forestry Corporation have signed a memorandum of understanding (MoU) to explore biomass business opportunities including power generation and fuel production.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC wants national plan to include 1.5 GW LNG power plant
Ho Chi Minh City has asked the government to add the 1.5 gigawatt second phase of Hiep Phuoc LNG-to-power plant into the country’s power development plan (PDP VIII).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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