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.
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, 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…
Government aims for 50% of houses and offices to have PV panels by 2030
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 has been making policy changes to open up the electricity industry to private investors, but still remains far from creating a competitive market.
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.
Just don’t expect coal to be out of the energy mix quite yet.
Water levels at all hydroelectric reservoirs across Vietnam have now climbed above the threshold for safe electricity generation thanks to rains.
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.
Many companies in the wind power industry are suffering losses after raising capital by issuing bonds whose interest rates have surged.
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, 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.
VinFast’s lackluster performance discourages foreign rivals from entering market
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 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 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.
Deal to generate 51 GWh of electricity a year as companies seek alternative energy
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.
The proposed facility would be one of the country’s first large-scale offshore wind projects.
Solar and wind farms forced to limit operations due to infrastructure limitations following the renewables boom.
Dat Bike is on a journey to reduce the amount of gasoline used in Vietnam. The startup makes electric motorbikes with key components that it designs and produces domestically to reduce costs and improve performance.
Vietnam wants to nearly double its total installed power generation capacity to 146,000 megawatts by 2030, and prioritise the development of renewable sources and reducing its coal dependency, its government said on Tuesday (Apr 26).
The latest draft of the National Power Development Plan for the 2021-2030 period, with a vision to 2045 (PDP VIII), has made drastic reductions of CO2 emissions with no new coal-fired power plants to be built in the planning period,…
VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company’s previously stated plans to invest and expand in the country.
Vietnam’s Tesla (TSLA.O) wannabe is speeding up. Carmaker Vinfast will stop making internal combustion engine models by the end of 2022 and aims to sell overseas as it goes all-electric.