Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).
Vietnam will need between US$8 billion to US$14bn each year till 2030 to bring its power network up to date, including developing new power plants and expanding its grid, a minister has said.
Norwegian energy group Equinor ASA (NYSE:EQNR) is keen on collaborating with state-owned Vietnam Oil and Gas Group, trading as PetroVietnam, on clean energy projects and offshore wind in particular.
As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues.
Delegations from Vietnam and the United States met in Washington, DC for the fourth annual United States-Vietnam Energy Security Dialogue on July 26-28. Vietnam’s Ministry of Industry and Trade Vice Minister Dang Hoang An and the State Department’s Bureau of Energy Resources (ENR) Senior Bureau Official Harry Kamian led the delegations.
Vietnam will soon be embarking on a considerable project, costing more than US$100 billion, following the recent approval of plans to reach carbon-neutrality in transport. The government has set out its targets and now requires ministries and partners to come together to develop plans and realize the state’s ambitious, but necessary objectives.
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
The lives of soldiers and islanders in Truong Sa island district in the south-central province of Khanh Hoa have changed a lot thanks to solar panels and wind turbines.
Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.
Vietnam will need investment of between US$8 billion and US$14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister had said this week.