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Vietnam and Australia head towards comprehensive strategic partnership

CANBERRA (Vietnam News/Asia News Network): Officials from Vietnam and Australia will support the two countries in raising the Vietnam-Australia Strategic Partnership to the Vietnam-Australia Comprehensive Strategic Partnership at an appropriate time.

Azerbaijan to expand co-op with Vietnam in oil industry, renewables

The discussions on the expansion of the cooperation with Vietnamese companies in the fields of oil refining and renewable energy were held during the meeting of Azerbaijan’s Minister of Energy, Parviz Shahbazov, with the delegation led by Deputy Chairman of the Foreign Relations Commission of the Communist Party of Vietnam, Nguyen Thi Hoang Van, Trend […]

Vietnam Electricity reports losses of $635 mln

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil and gas since the beginning of this year have caused its production costs and purchase prices of electricity it bought from other power […]

Vietnam’s CEP Industry: Sustainability Challenges But Big Potential

Vietnam’s courier, express, and parcel (CEP) industry is showing impressive potential, but its impact on the environment is a significant problem. That said, recent government action and regulations may lead to changes in the way delivery businesses operate in Vietnam.

President attends Vietnam-Thailand High-Level Business Meeting

Bangkok (VNA) – President Nguyen Xuan Phuc has described businesses as “heroes” in the economic sector, who will bring trade revenue between Vietnam and Thailand to 30 billion USD by 2025.

Hybrid electric vehicles breathe new life into VN’s auto industry

HÀ NỘI — Hybrid electric vehicles (HEVs) have become popular in Việt Nam as they have the advantage of not requiring on-site charging while electric vehicles (EVs) are still struggling with many barriers with charging stations, car experts said.

VinFast’s energy division breaks ground on 5 GWh/year battery factory

Energy solutions division VinES – a member of Vingroup alongside VinFast – and Gotion Inc have broken ground on a 34.5 acre LFP battery factory designed with an annual capacity of 5 GWh. That equates to roughly 30 million battery cells per year to support future VinFast EVs.  

Vietnam Considers Allowing Fuel Price Adjustment Every 5 Days

TEMPO.CO, Jakarta – Vietnam considers a new price mechanism to adjust fuel prices every five days instead of the current 10-day cycle to address a number of issues that resulted in sporadic fuel shortages across the country in recent months, local media reported Thursday, Nov. 17.

Singapore’s Leader Energy acquires Binh Thuan solar power plant

The Vinh Hao 6 solar power plant was run by Vinh Hao 6 Power JSC, which is held by ACWA Power, FECON Corporation and FECON Power JSC. With a total investment of $53 million, the Vinh Hao 6 solar power plant has achieved its Commercial Operation Date (COD) in June 2019.

EVN proposes reducing purchase price of wind and solar power

With the data collected until November 16, 2022, the Electricity of Vietnam (EVN) has just proposed to the Ministry of Industry and Trade and the Electricity Regulatory Authority of Vietnam to apply the electricity generation price bracket for each type of renewable energy plant according to the four options that the company has performed over […]