Vietnam’s richest man vies to dethrone SE Asia’s ride-hailing king, Grab
Pham Nhat Vuong’s Xanh SM has big ambitions, but critics question its growth potential in a fiercely competitive market.
Leading renewables firm Enel to exit Vietnam, sources say
Italy’s Enel is preparing to exit Vietnam, three people briefed on the matter told Reuters, in what would be the latest move by a western firm to scrap renewable power projects in a country struggling to implement its decarbonisation plans.
Exclusive : Equinor halts Vietnam offshore wind plans, to close Hanoi office
Norway’s state-controlled energy giant Equinor has cancelled plans to invest in Vietnam’s offshore wind sector, a company spokesperson told Reuters, in a setback for the Southeast Asian country’s green power ambitions.
Vietnam plans electricity subsidies for EV charging stations
Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition commitments.
What other ASEAN members can learn from Vietnam’s renewable boom
With energy demand projected to increase threefold between 2020 and 2050, Southeast Asia’s energy transition is important in reducing global emissions. Yet progress has been slow.
Vietnam eyes greener power but banks on coal to avert blackouts
Lights are off and air conditioning is down at the headquarters of Vietnam’s state-run electricity provider EVN as the country’s top power utility tries to « lead by example » to avoid a repeat of last year’s crippling blackouts, an official tells…
HCMC power demand may break records this summer
Long-lasting heat waves caused by El Nino are expected to drive Ho Chi Minh City power demand to new heights in April and May, reaching over 95 million kWh daily.
The BYD of Vietnam just reported a huge loss for 2023—a whopping $2.4 billion
VinFast’s revenue growth is fast, but the electric-vehicle maker’s costs grow faster. Vietnam’s Tesla challenger is building a $2 billion manufacturing plant in North Carolina, is poised to break ground on another in India’s Tamil Nadu, and has yet another planned in Indonesia.
The unexpected twist in Vietnam’s renewable energy saga
Punishment awaits the senior officials who allowed Vietnam’s renewable energy quest to go off the rails, despite its apparent initial success. This policy crisis has the potential to affect other economic sectors if no clear end is in sight.
Vietnam’s richest person bets over $10 billion to break into the global EV market
Vietnam’s richest person, billionaire Pham Nhat Vuong, didn’t become worth over $4 billion without taking some risks. His current venture is to create Vietnam’s first global automaker, VinFast Auto, and he’s betting over $10 billion to make the company into a…
Vietnam turns to rooftop solar as blackouts hit country
Government aims for 50% of houses and offices to have PV panels by 2030
VinFast revenues jump on EV sales to Vietnam affiliate
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.
Vietnam Electricity and the conundrum of establishing a competitive market
Vietnam has been making policy changes to open up the electricity industry to private investors, but still remains far from creating a competitive market.
Recalibrating Vietnam’s electricity cooperation with Laos
Vietnam is planning to import more electricity from hydropower facilities in Laos. Such an arrangement, however, poses a threat to the food security and livelihoods of Vietnamese living in the Mekong Delta.
Better late than never : Vietnam releases2021–30 power plan
Just don’t expect coal to be out of the energy mix quite yet.
Hydropower dams ease above dead storage level after rains
Water levels at all hydroelectric reservoirs across Vietnam have now climbed above the threshold for safe electricity generation thanks to rains.
How Vietnam can disrupt China’s dominance in EVs
There’s a long way to go, but the country has most of the ingredients it needs to be a significant player in global EV supply chains.
Wind power companies suffers losses as bond interest rates soar
Many companies in the wind power industry are suffering losses after raising capital by issuing bonds whose interest rates have surged.
Vietnam offshore wind power sparks influx of foreign investment
Japanese and European corporations are making major moves into the offshore wind power in Vietnam, taking advantage of the developing country’s renewable power push.
Electricity supply set for nearly 6% increase in 2023
Electricity supply, made up of both domestic production and imports, is set to increase by 5.96% from last year to 284.5 billion kilowatt-hours in 2023.
Vietnam’s EV push fails to bring automakers aboard as sales falter
VinFast’s lackluster performance discourages foreign rivals from entering market
BAD : 135 millions de dollars pour développer les transports verts au Vietnam
La Banque asiatique de développement (BAD) a mis en place un montage financier pour lutter contre le changement climatique d’une valeur de 135 millions de dollars à la SARL de commerce et de services VinFast, afin de la soutenir dans le…
Vietnam slashes power usage at its largest solar farm
Vietnam has cut the utilization rate of power produced at its largest solar farm by 40% due to the lack of a pricing mechanism in place, authorities said on Tuesday, in a move that could be a blow to the…
Vietnam needs $8 bln-$14 bln power investment a year through 2030
Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday.
France’s Total to build solar panels in renewable-hungry Vietnam
Deal to generate 51 GWh of electricity a year as companies seek alternative energy
Add 2,400 MW solar power to energy plan
The Ministry of Industry and Trade has proposed that an additional 2,428 megawatts of solar power capacity be added to the national power plan to avoid legal issues with investors.