155 billion in financing for green energy from just energy transition partnership

$15.5 billion in financing for green energy from Just Energy Transition Partnership

2023 could be an interesting year for Vietnam’s energy sector, as $15.5 billion of financing is set to be mobilised for Vietnam’s green energy transition through a recent energy partnership.
aes receives investment policy decision for 22 gw son my 2 ccgt plant in vietnam

AES receives Investment Policy Decision for 2.2 GW Son My 2 CCGT plant in Vietnam

On February 5, US energy major AES received the investment policy for Son My II combined cycle gas turbine (CCGT) project from Minister of Industry and Trade Nguyen Hong Dien at a conference on investment and development in the north-central and central coastal regions in Quy Nhon city, Binh Dinh province.
fresh german milestones to come

Fresh German milestones to come

Since Germany and Vietnam elevated their bilateral relations to a strategic partnership in 2011, the cooperation between the two countries has developed strongly in various fields. According to the Vietnamese Ministry of Planning and Investment, as of December 20, 2022, Germany had over 440 valid projects in Vietnam registered at $2.37 billion, mainly focused on manufacturing, processing, and energy. Currently, about 500 German enterprises are active in Vietnam, creating 50,000 jobs.
misleading to assert foreign firms dominate vietnams energy sphere expert

Misleading to assert foreign firms dominate Vietnam's energy sphere: expert

Hong Kim Vi, Thailand's Super Energy Group's deputy general director of public relations, said the country's energy projects were more complex than they appear, at the 2022 Vietnam Renewable Energy Network on January 6.
vietnam fosters shift to renewable energy

Vietnam fosters shift to renewable energy

With an emphasis on sustainable power, the Vietnamese government has enacted several procedures and regulations to foster an equitable energy transition.
rising energy costs to require roadmap for businesses timely adjustment of strategies

Rising energy costs to require roadmap for businesses’ timely adjustment of strategies

The Vietnamese industrial sector may need to reevaluate in order to minimise the effect of rising power costs.
acen continues to bolster renewable energy capacity in vietnam

ACEN continues to bolster renewable energy capacity in Vietnam

Filipino power producer ACEN, Ayala group’s listed energy platform, continues to strengthen its renewable energy capacity in Vietnam after the company and BIM Group received financing worth $107 million.
power price hike on the cards in vietnam

Power price hike on the cards in Vietnam

Despite Electricity of Vietnam’s (EVN) intention to increase energy rates to rebalance its budget for 2023, the status of coal-fired power does not yet seem to be declining.
responsive shift required in vietnams energy policy

Responsive shift required in Vietnam’s energy policy

Despite improvements in energy regulations, coal-generated electricity will persist for many years to come. Dr. Ngo Duc Lam, former deputy head at the Institute of Energy under the Ministry of Industry and Trade, explained to VIR’s Van Nguyen about the country’s established and ambitious objectives for renewable energy.
billion dollar challenge begins to establish a greener vietnam

Billion-dollar challenge begins to establish a greener Vietnam

To follow suit with its previous net-zero carbon commitments and accelerate the energy transition towards green and sustainable sources, Vietnam is now making long-term planning to use public and private finance for the energy transition.
energy security deemed more likely with appropriate offshore wind strategy

Energy security deemed more likely with appropriate offshore wind strategy

Offshore wind power is not only expected to contribute to Vietnam’s net-zero goal by 2050 but also help with the country’s ever-increasing hunger for energy.
japanese investors keeping eye on fresh 2023 trends

Japanese investors keeping eye on fresh 2023 trends

Last year was a complex one for Japanese businesses operating in Vietnam. After a turbulent 2021, we expected 2022 would accelerate Vietnam's recovery path. However, things have not been easy with the pandemic earlier in the year, the Ukraine conflict beginning, increased energy and logistics costs, and Chinese restrictions.
casper vietnam named favorite energy saving air conditioner at tech awards 2022

Casper Vietnam named Favorite Energy-Saving Air Conditioner at Tech Awards 2022

Casper Vietnam was named the winner of the Favorite Energy-Saving Air Conditioner award at the Tech Awards 2022 ceremony on January 6 in Ho Chi Minh City.
hdf energy inks mou with ptsc to build hydrogen power plants

HDF Energy inks MoU with PTSC to build hydrogen power plants

Hydrogène de France SA (HDF Energy) has signed an MoU with PetroVietnam Technical Services Corporation (PTSC) to jointly develop, finance, and build HDF's hydrogen power plants in Vietnam.
shell says european windfall taxes to cost 2 billion

Shell says European windfall taxes to cost $2 billion

British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion.