June 16 (Renewables Now) – Japan’s Mitsubishi Corp (TYO:8058) will invest in a 600-MW onshore wind farm project in Laos that will supply electricity to Vietnam.
Vietnam’s coal imports nearly halved in May from a year earlier, as a steady rise in hydropower and renewable energy output pressured coal burn.
Two ministries have voiced support for tax incentives for electric vehicles that dovetails with the government’s goal of reducing emissions.
Car exports to Vietnam can expect to face non-tariff barriers after the country, the biggest importer within Asean of pickups and passenger cars from Thailand, prepares to enforce the new Euro 5 emission standard from Jan 1 next year.
This information was released during a working meeting between the secretary of the Communist Party Committee in Soc Trang, Lam Van Man, and the managers and workers who work on these projects.
Hanoi (VNS/VNA) – It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.
This roadmap provides strategic analysis of the offshore wind development potential in Vietnam, considering the opportunities and challenges under different growth scenarios. It is intended to provide evidence to support the Government of Vietnam in establishing policy, regulations, processes, and infrastructure to enable successful growth of this new industry.
Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd (HIBI.KL) has acquired Spanish energy major Repsol Exploración, S.A.’s (REP.MC) upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday.
Repsol has announced that it has agreed to sell its exploration and production assets in Malaysia and in Block 46 CN in Vietnam to a fully owned subsidiary of Hibiscus Petroleum.
MANILA/TOKYO — Southeast Asian countries are set to expand imports of liquefied natural gas as the depletion of domestic gas reserves looms, setting the stage for a realignment in the global LNG market.