Power plan revised to render market more competitive

Power plan revised to render market more competitive

The government this month requested the Ministry of Industry and Trade to review and re-submit the Power Development Plan VIII as the scheme is geared towards speeding up establishment of a competitive electricity market.
Energy mix for Vietnam with LNG-to-power 

Energy mix for Vietnam with LNG-to-power 

Supported by the favourable geographical and natural conditions and constrained by the restrictions on thermal power projects in the last few years, Vietnam has been promoting the concept of using liquefied natural gas for power production. Vaibhav Saxena and Tu Hue Anh from Vilaf law firm delve into the opportunities and key obstacles under the new rules.
Samsung seeks direct energy route

Samsung seeks direct energy route

The investment legal framework for Vietnam’s renewable energy market could change if Samsung gets government approval to buy renewable energy directly from power generators.
Authorities cracking down on agricultural pretenders

Authorities cracking down on agricultural pretenders

Farms neglecting agricultural production after installing rooftop solar power projects are being warned by local authorities to resume production soon in line with their project’s licences or face sanctions.
PDP8 delay to unlock more cost-effective renewables

PDP8 delay to unlock more cost-effective renewables

The past 12 months have been a period of intense activity for Vietnam’s power sector.
DPPA pilot to prompt low-carbon adoption

DPPA pilot to prompt low-carbon adoption

Vietnam’s much-awaited direct power purchase agreement pilot will be an effective tool for global companies to meet their sustainability commitments, but it remains to be seen how Vietnam can meet the green energy demand from global businesses.
Debate intensifies on future of coal

Debate intensifies on future of coal

After one major South Korean coal-fired power financier decided last month to withdraw its participation in foreign markets in the sector, questions have arisen on the feasibility of planned coal-based ventures. However, several experts evaluate the move as a signal for Vietnam to step up the transition from fossil fuels to renewable energies.
Energy security at risk after forced plant output cuts

Energy security at risk after forced plant output cuts

Many privately-owned renewable power plants have been required to cut electricity output due to the overloaded transmission system, as regulations struggle to keep up with the fast-developing sector.
Methods to achieve growth in tandem with energy goals

Methods to achieve growth in tandem with energy goals

As Vietnam’s economy is experiencing significant growth, so is its demand for energy consumption. The industrial sector, followed by the transport one, requires the highest growth rate and in fact also consumes the largest amount of energy. Energy efficiency, among others, is an integral part of reaching economic growth with the lowest possible amount of CO2 emissions.
Banks roll out green credits for eco-friendly approach

Banks roll out green credits for eco-friendly approach

Since the adverse impacts of climate change are better understood, many financial institutions operating in Vietnam are taking bold steps to finance and facilitate green and eco-friendly loan packages as an essential part of their sustainable investment and net-zero pledges.
Strong DPPA scheme desired

Strong DPPA scheme desired

The Minister of Industry and Trade is likely to sign a draft circular regulating a pilot project for electricity purchases and sales between renewable energy generators and consumers under direct power purchase agreements.
Group radiating firm eco-friendliness

Group radiating firm eco-friendliness

Locally-invested TH Group is applying high technology to produce electricity to fuel its production, save costs, and contribute to ensuring national energy security and environmental protection.
Banpu reveals green business plan strategy

Banpu reveals green business plan strategy

Leading global energy provider Banpu Pcl. has kicked off its 5-year business plan to drive a greener and smarter strategy forward by leveraging technology and digital tools across the organisation, accelerating the growth and transition towards green energy to embrace future trends.
Preparation crucial for banks to avail of green credit trends

Preparation crucial for banks to avail of green credit trends

Many foreign and Vietnamese financial institutions are now enthusiastically enforcing green loans or bonds as they continue to work towards transition to a low carbon economy. However, issues such as debtors’ leverage ratio or energy project quality are a
Conditions in place for offshore development

Conditions in place for offshore development

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the country’s energy development schedule.
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