Rooftop solar power in Vietnam: great potential but no specific policies
Vietnam has not issued any specific policies for rooftop solar power development in the past three years despite its great potential, thereby hindering businesses, heard a forum in Hanoi on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy - leading solution to climate change mitigation in ASEAN
Investing in renewable energy sources is as a palliative measure for ASEAN to mitigate climate change, according to vice president of Infrastructure Solutions at Malaysian-based Vertiv Chee Hoe Ling.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam okays long-awaited execution scheme for national power plan
The Vietnamese government has approved the long-awaited implementation scheme of the eighth National Power Development Plan (PDP8) for 2021-2030, with a vision to 2050, which was passed last May, envisioning rising electricity imports from Laos.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN suffers huge losses from renewable energy licensing violations
Violations in granting electricity operation licenses and accepting commercial operation dates for a number of solar power projects have caused damage worth hundreds of billions of VND (VND100 billion = $4.04 million) to state utility Vietnam Electricity (EVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finnish firm Wartsila eyes first flexible power project in Vietnam
Finland’s Wartsila Corporation is working with its Vietnamese partner to consider implementating the first flexible power project in Vietnam, using liquefied natural gas (LNG) and then hydrogen, and supporting the integration of renewable energy into the power system, said its president and CEO Hakan Agnevall.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewables to make up 70% of power mix in Vietnam by 2045
Vietnam plans to have renewables account for 15-20% of total primary energy by 2030 and the weight will be raised to 65-70% by 2045, according to the newly approved National Energy Development Strategy.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs private sector, foreign investment to finance power development: report
Vietnam’s banking system is unable to finance the huge development needs of the country’s energy industry, thus it is imperative to look to the private sector and green finance sources, financial data platform FiinRatings says in a report.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Change approach, welcome Chinese hi-tech investments: expert
Vietnam should no longer be wary that Chinese investments tend to be of low-quality, using outdated technology. Instead it should actively welcome Chinese investors with cutting-edge technologies, said an expert.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Huge potential for increased US investment to meet Vietnam’s infrastructure needs: experts
The latest status upgrade in Vietnam-US ties has generated great potential to lure further foreign direct investment (FDI), given Vietnam’s need for soft and hard infrastructure, experts said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital, subsidiary Tracodi repeat presence in Vietnam’s top 500 firm listing
Bamboo Capital Group and its subsidiary Tracodi are featured again in VNR500, a list of 500 biggest firms in Vietnam compiled by ranking and research company Vietnam Report.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sao Mai Group's solar power projects face hurdles
Multi-sector firm Sao Mai Group identifies energy as a key investment segment in its development strategy, but a series of its renewable energy projects have encountered multiple difficulties.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
High-ranking officials commit 'serious' wind power, gasoline supply violations
Head of the Central Economic Commission Tran Tuan Anh, former Deputy Prime Minister Trinh Dinh Dung and many other high-ranking officials are responsible for violations related to wind power and gasoline supplies, according to the Central Inspection Committee.
Politics - 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
Vietnam, Turkey look to upgrade ties, lift two-way trade to $4 bln
Vietnam and Turkey should work on mechanisms to deepen bilateral ties, including studying the possibility of elevating them to a new height, given the wishes of both sides, Vietnamese Prime Minister Pham Minh Chinh has suggested.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam among ANZ’s key markets: exec
Vietnam is one of ANZ's most important markets with promising growth potential, said the bank’s CEO Shayne Elliott.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
China poised to become an even bigger investor in Vietnam: KPMG exec
China’s efforts to strengthen economic ties with the U.S. through third countries will see it become a bigger investor in Vietnam, Nguyen Cong Ai, KPMG Vietnam's deputy general director, tells The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
USAID-funded project helps Danang advance renewable energy, energy efficiency
A project worth $2.7 million funded by the U.S. Agency for International Development (USAID) has helped Vietnam’s central city of Danang advance renewable energy and energy efficiency.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam renewable energy has space for deeper foreign investor involvement: Deputy PM
There are many opportunities for foreign investors to participate more deeply in developing diverse types of renewable energy in Vietnam, says Deputy Prime Minister Tran Hong Ha.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy developer Tin Thanh Group defies logic with billion-dollar projects in Vietnam, US
Tin Thanh Group, a pioneer in renewable energy in Vietnam, has disclosed that it is engaging in projects worth billions of U.S. dollars in both Vietnam and the U.S. despite its charter capital of only VND432 billion ($17.7 million).
Companies - 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
Only 20 transitional renewable projects send power to national grid
Only 20 transitional renewable energy projects or project segments, or 20% of those that missed out on the Vietnamese government's preferential feed-in-tariffs (FiTs), have been put into commercial operation.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese group, Singaporean firm establish sustainability links
Vietnamese conglomerate Bamboo Capital will use the ESGpedia platform of Singaporean environmental, social and governance (ESG) data and technology solutions provider STACS to support corporate sustainability, a release said Tuesday.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s Gulf Energy eyes renewable energy investments in central Vietnam
Thailand’s Gulf Energy Development Public Company Limited plans to implement projects in renewable energy, liquefied gas and infrastructure in the central province of Thanh Hoa.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fifteen transitional renewable energy projects reach commercial operations
Fifteen transitional renewable power projects that missed out on preferential feed-in-tariffs (FiTs) with a total capacity of nearly 735 megawatts have completed procedures for commercial operations, adding 154 million kWh of electricity to the national grid.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Incentives proposed for solar power development at homes, official buildings
Households and offices that install rooftop solar panels will enjoy a number of incentives such as tax and fee breaks and preferential loans, according to the Ministry of Industry and Trade (MoIT).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Economic growth could add to power shortage severity: legislator
Power shortages in Vietnam could become more severe if economic growth recovers to 6-7%, said Vu Hong Thanh, Chairman of the National Assembly’s Economic Committee.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Additional 430 MW of renewable power hooked up to national grid
Seven renewable power projects that missed out on preferential feed-in-tariffs (FiTs) with a total capacity of more than 430.2 megawatts have completed procedures for commercial operations.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Temporary prices fixed for 43 transitional renewable energy projects
Fourty-three solar and wind power projects that missed out on preferential feed-in-tariffs (FiTs) have accepted temporary prices equal to 50% of the ceiling levels set by the Ministry of Industry and Trade.
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
Renewable energy projects switched off by legal procedures
Renewable energy projects that missed out on preferential feed-in-tariffs (FiTs) were not allowed to negotiate temporary prices with state utility Vietnam Electricity because they lacked the necessary legal documents, according to the Ministry of Industry and Trade.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
India’s Adani Group plans $3 bln investment in Vietnam
India-based conglomerate Adani is looking to build a green port ecosystem and wind and solar power plants with a total investment capital of $3 billion in Vietnam.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Temporary prices approved for 19 transitional renewable energy projects
Vietnam's Ministry of Industry and Trade has approved temporary prices for 19 solar and wind power projects with a total capacity of 1,347 megawatts that missed out on preferential feed-in-tariffs (FiTs).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy developers suffer from low sales prices
Wind and solar power investors in Vietnam that missed out on preferential feed-in-tariffs (FiTs) have asked the government to fix shortcomings in electricity price negotiations, saying that low temporary prices offered by Vietnam Electricity will leave them "clinically dead".
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
U.S. grant to fund battery storage system in Vietnam
An advanced battery energy storage system run by AMI AC Renewables in central Vietnam will be built by U.S. conglomerate Honeywell with a $3 million grant from the U.S. Mission to Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy projects face policy woes: securities broker
Renewable energy projects in Vietnam that missed the government's preferential feed-in-tariffs (FiTs) scheme will not enjoy profitability under the new price frame set by the Ministry of Industry and Trade, VNDirect Securities said in a recent report.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory
