China to boost solar power investment in Vietnam: Commerce Minister
Chinese businesses are striving to make more investments in Vietnam’s solar power sector, Chinese Minister of Commerce Wang Wentao told Vietnamese Minister of Planning and Investment Nguyen Chi Dung.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish energy fund CIP’s $10.5 bln wind power project to create 45,000 jobs in Vietnam
Denmark’s Copenhagen Infrastructure Partners (CIP) plans to invest $10.5 billion in a 3.5 GW offshore wind power project in Vietnam’s central province of Binh Thuan, creating 45,000 full-time equivalent jobs.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai energy giant Banpu records 2023 revenue of $13 mln in Vietnam
Banpu Public Company Limited, a Thai energy giant, recorded a total revenue of THB462 million ($12.7 million) from renewable energy in Vietnam in 2023, according to the firm’s financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
SK Ecoplant, BCG Energy to jointly develop 700 MW of renewable energy in Vietnam
SK ecoplant, part of South Korean chaebol SK Group, and BCG Energy, under Vietnamese conglomerate Bamboo Capital Group, will cooperate to produce 700 MW of renewable energy in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Solar power shines bright as BCG Energy sees revenues rise
BCG Energy, under private Vietnamese conglomerate Bamboo Capital Group, saw 2023 net revenues rise 5.8% year-on-year to VND1,125.6 billion ($45.5 million) on outstanding performances by its solar power plants.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish energy fund CIP, Petrovietnam to cooperate in offshore wind power
Denmark’s Copenhagen Infrastructure Partners (CIP), via its Growth Market Funds, and state-owned Petrovietnam have signed a memorandum of understanding on renewable energy and offshore wind power.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firm begins work on $19 mln biomass fuel factory in northern Vietnam
Japanese renewable energy firm Erex Co., Ltd. kicked off construction of a VND478.8 billion ($19.4 million) biomass fuel factory in the northern mountainous province of Tuyen Quang Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firms’ Vietnam hassles: labor turnover, power supply, legal transparency
Rising labor costs, high labor turnover, power supply instability, complicated procedures, and weak legal transparency are issues hassling Japanese firms in Vietnam, says the Japan External Trade Organization (JETRO) in a report released Friday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
China, Vietnam public utilities plan 500 MW hydropower project in central Vietnam
Two subsidiaries of public utilities in Vietnam and China plan to jointly build a 500MW hydropower plant in the central province of Quang Tri.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
$254 mln wind power project generates annual ‘positive impacts’ worth $14 mln: ADB
The 144-megawatt, $254.2 million Lotus Wind Power project has contributed $89.6 million to Vietnam’s GDP during construction and generated benefits of $13.9 million annually since it became operational.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan renewable firm Erex plans 50MW biomass power plant in central Vietnam
Japanese renewable energy firm Erex Co., Ltd. plans to build a 50MW biomass power plant in Vietnam’s central coastal province of Binh Dinh.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firm plans $600 mln hydrogen investment in Mekong Delta
Ho Chi Minh City-based The Green Solutions is eyeing to invest $600 million in the first phase of a 500 MW green hydrogen factory in the Mekong Delta province of Bac Lieu.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam tops ASEAN in electricity sources, output up 4.56% in 2023: EVN
Vietnam’s electricity sources in 2023 grew 3.6% year-on-year to 80,555 MW while output rose 4.56% to 280.6 billion kWh, state utility Vietnam Electricity (EVN) reported Tuesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clean energy developer Nexif Ratch acquires 30 MW hydropower plant in Vietnam
Nexif Ratch Energy, a Singapore-based clean energy developer, has completed the acquisition of the 30-MW Minh Luong hydropower plant in Vietnam’s northern province of Lao Cai.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam holds its own in challenging 2023 with more highs than lows
Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Lilama delivers first modules of mega green hydrogen to Saudi Arabia
Vietnamese industrial engineering company Lilama has delivered its first electrolyzer modules to the $8 billion Neom Green Hydrogen project in Saudi Arabia, currently the world’s largest such facility.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank auctions Vietnam’s first wind power project, bids starting at $49.6 mln
State-owned Agribank is auctioning the Phong Dien 1 wind power plant, Vietnam’s first such facility, with bids starting at VND1,205 billion ($49.6 million).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Copenhagen Infrastructure Partners launches $3 bln fund, Vietnam in focus
Denmark’s Copenhagen Infrastructure Partners (CIP) has launched the Growth Markets Fund II (GMF II) with a target fund size of $3 billion that will focus on 15 countries including Vietnam.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC seeks green growth support from Belgian firms: vice mayor
Ho Chi Minh City, Vietnam’s biggest economic hub, is looking for green growth support from Belgian firms, HCMC Vice Chairman Vo Van Hoan told Belgian Ambassador Karl Van Den Bosche at a Thursday meeting.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, Petronas ink wide-ranging cooperation pact
Petrovietnam and Petronas, national oil companies of Vietnam and Malaysia, respectively, have signed a memorandum of cooperation (MoC) in renewable energy, gas, upstream and downstream sectors.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sembcorp to spend $160 mln on 245 MW renewables portfolio in Vietnam
Singapore’s Sembcorp Industries will spend a maximum of SGD218 million ($160.3 million) on acquiring majority interests ranging 73-100% in subsidiaries of Vietnam’s multi-sector firm Gelex, consequently adding 245 MW of renewable energy assets to its portfolio in the country.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, Norway's Equinor extend cooperation to hydrogen, ammonia, carbon storage
State-owned Petrovietnam and Norway’s Equinor have signed an agreement on clean energy, extending their cooperation to hydrogen, ammonia, carbon capture and storage.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Sembcorp to import 1.2 GW of renewable energy from Vietnam
Sembcorp, an energy and urban development giant, has received conditional approval from Singaporean authorities to import 1.2 gigawatts of renewable electricity from Vietnam to the island nation.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects
Prime Minister Pham Minh Chinh has urged Saudi Arabia to use its $620-billion Public Investment Fund (PIF) to invest in Vietnam’s prioritized sectors including transport infrastructure and climate change adaptation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mekong Delta province Tra Vinh eyes 14,452 MW in wind power by 2030
Vietnam’s Mekong Delta province of Tra Vinh will prioritize the development of renewable energy, particularly 14,452 MW from wind power, according to its newly-announced plan for 2021-2030, with a vision to 2050.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hau Giang province looks to add $142 mln wind farm to national plan
Vietnam’s Hau Giang province is seeking to add the VND3.46 trillion ($141.7 million) Long My 2 wind power plant project to the national power development plan (PDP VIII).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam eyes energy transition cooperation with Norway’s Equinor
State-owned oil and gas giant Petrovietnam and Norway's largest energy group Equinor have discussed cooperation in energy transition.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam posts $1.7 bln profit in Jan-Sep, beating 2023 target
State-owned national oil and gas group Petrovietnam made a total pre-tax profit of VND42.5 trillion ($1.74 billion) on revenue of VND643.2 trillion ($26.32 billion) in the first nine months of 2023.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand Ratch Group acquires major stake in 29.7 MW wind power project in Vietnam
Thailand’s Ratch Group Public Company Limited has acquired a 51% stake in the 29.7-MW Thanh Phong Wind Power Plant project in Vietnam’s Mekong Delta province of Ben Tre.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
German investment can be powered by green electricity: diplomat
Germany’s private sector is very interested in investing more in Vietnam, but they also “want to have green electricity,” Santiago Alonso, development counselor with the German embassy in Hanoi, said Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Qatar’s JTA looks at multi-sector northern Vietnam investments
Qatar’s JTA International Holding plans multi-sector investments in the northern province of Quang Ninh, particularly in tourism, renewable energy, and hi-tech industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Belgium-invested industrial zone Deep C begins expansion in Hai Phong city
The Deep C service complex project phase 2, part of Deep C Industrial Zones, in Hai Phong city commenced on Wednesday in the northern port city of Hai Phong.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Erex eyes biomass power plant in northern Vietnam
Japanese renewable energy firm Erex Co., Ltd. plans to build a 50-MW biomass power plant in Vietnam’s northern mountainous province of Bac Kan.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch bank FMO invests $4.5 mln in Vietnam clean energy firm
Dutch entrepreneurial development bank FMO has invested $4.49 million in Ho Chi Minh City-based rooftop solar power developer GreenYellow Smart Solutions Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's Super Energy posts $55 mln H1 revenue in Vietnam
Thailand’s Super Energy Corporation recorded a revenue of THB1,938.4 million ($55.1 million) from its activities in Vietnam in the first half of this year, according to the firm's financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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