Vietnam to begin charging registration fees for EVs from March
Beginning in March, electric vehicle (EV) buyers in Vietnam will be subject to a registration fee, marking the end of a three-year exemption.
Chinese electric vehicles drive back into Vietnamese market
About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.
Vietnam cuts gas, offshore wind targets in new power plan, draft document shows
Vietnam has lowered its power-production targets for gas and offshore wind this decade, with coal and other renewables expected to fill the gap until nuclear reactors are included to the energy mix by 2035, a draft industry ministry document showed.
Vietnam says to impose 97% anti-dumping duty on Chinese wind towers
Vietnam will impose an anti-dumping levy of 97% on wind towers originating from China following a 15-month investigation, the trade ministry said.
Vietnam’s coal imports surge amid struggles with energy transition, grid challenges
Vietnam leads Southeast Asia in solar power generation, and the government has actively set policies to promote renewable energy. However, the International Energy Agency (IEA) forecasts that Vietnam’s coal imports will surpass Taiwan in 2024, making it one of the…
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