In June 2020, Sharp Energy Solutions Corporation (SESJ) completed a mega solar power plant in Ninh Thuan province, which is expected to generate 76,373 megawatt hour (MWh) per year. The plant is the newest addition to SESJ’s five other existing solar power plants in Vietnam.  

Vietnam is set for a surge in power demand and consumption over the coming decade, which will stimulate the need for the rapid development of new power capacity. This stems largely from an expanding industrial and manufacturing sector, particularly as the ongoing U.S.-China trade war plays out. This has allowed Vietnam’s government to position itself […]

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.

Vietnam’s Ministry of Industry and Trade (MOIT) on Friday proposed to the country’s central government to extend the deadline for its feed-in tariff scheme by two years, from the original cut-off date in November 2021 to the end of 2023, according to a source close to the Vietnamese government.

Vietnamese automaker VinFast announced plans Tuesday plans to set up an EV manufacturing complex in North Carolina set to go into operation by 2024. The facility eventually will have the capacity to produce up to 150,000 battery-electric vehicles annually, with VinFast planning to start off with two large SUVs that were unveiled at CES in […]

The International Finance Corporation (IFC) is providing a US$100 million long-term loan to Orient Commercial Joint Stock Bank (OCB) of Vietnam to help expand lending to small and medium enterprises (SMEs) and boost financing, especially for climate-friendly projects in the country. This is designed to facilitate greater private sector contribution to a green and sustainable […]

VinFast, the automobile arm of Vietnam’s largest conglomerate Vingroup, has led an $80 million funding round for Israeli electric vehicle battery developer StoreDot. The deal is expected to help VinFast secure fast-charging batteries for its own EVs as it prepares to launch in the U.S.

An agreement signing ceremony to develop a wind power plant project in Savannakhet province was held in Vientiane on July 6 between representatives of the Lao Government and Vietnam’s AMI Renewables Quang Binh Investment Joint Stock Company.

Vientiane (VNA) – The Wealth Power Group of Vietnam has joined two other partners in developing solar power projects in Champasak and Sekong provinces of Laos. The Vientiane Times reported on September 3 that representatives from Wealth Power Group, National Consulting Group Sole Company and Power Company Limited Thepvongsa signed a deal to this effect at […]

An automotive manufacturer under Vingroup is testing an electric car in the Vietnamese capital Hanoi to prepare for a rollout next year in the U.S. market. It’s the latest expansion by the sprawling Vietnamese conglomerate, which already operates in real estate, malls and resorts.