EVNNPT to launch 33 power transmission projects
Hanoi (VNA) – The National Power Transmission Corporation (EVNNPT) said it plans to launch 33 power transmission projects and put into operation 47 projects, with a total capital of 19.5 trillion VND in 2019. The 33 projects to be launched include three 500-kV power transmission project and 30 220-kV power transmission projects, while the 47 […]
January’s oil & gas exploitation exceeds plan
Hanoi (VNA) – Vietnam’s oil and gas output hit an estimated 2.05 million equivalent tonnes in January, surpassing the monthly target by 5.8 percent. According to the Vietnam Oil and Gas Group (PetroVietnam), of the sum, oil exploitation volume was 1.13 million tonnes and gas output reached 0.92 billion cubic metres, 3.7 and 8.6 percent […]
Vietnam’s Ca Tam Oil Field Starts Production
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration Production Corp. (PVEP) and Bitexco Group, is 1,630 tonnes per day, PetroVietnam said in a statement. […]
Petroleum firms set out cautious plans for 2019
HÀ NỘI — Plummeting oil prices in the fourth quarter of 2018 have negatively affected the production and business efficiency of enterprises. This has increased caution and forced them to set prudent plans for this year. PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, plans to earn revenue of VNĐ49 trillion […]
Completion of institutions needed to develop oil and gas sector
Hanoi (VNA) – Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector. During a working session with leading officials of the Vietnam National Oil and Gas Group (PetroVietnam), Binh asked the group […]
New multi-stakeholder initiative seeks to make finance sector ally of sustainability
HCM CITY — The Asia Sustainable Finance Initiative was launched in Singapore on Monday to help shift Asia’s financial flows towards sustainable economic, social and environmental outcomes. With WWF as its secretariat, the multi-stakeholder platform will bring together the finance industry, academia, and science-based organisations, to support Singapore-based financial institutions in deepening their sustainable finance […]
Vietnam urged to reduce coal-fired energy generation
Hanoi (VNA) – Vietnam has been urged to reduce its use of coal-fired energy and develop renewable energy to proactively respond to climate change and ensure energy security, heard a panel discussion of the Vietnam Economic Forum 2019 in Hanoi on January 17. John Kerry, former US Secretary of State, said climate change is a very […]
Việt Nam in need of new energy
Việt Nam should have ample motivation to exploit new and clean energy to ensure energy security and address environmental issues. Former US Secretary of State John Kerry spoke at a press conference on the issues. Việt Nam News journalist Nguyễn Linh Anh reports. The seminar today is about energy security in the context of climate change. What […]
Energy transition could be VN’s next Đổi Mới: experts
HÀ NỘI — Increasing energy efficiency together with developing renewable energy is critical for Việt Nam to ensure energy security, according to expert. This was highlighted at a workshop on energy security in the context of climate change during the Việt Nam Economic Forum held by the Central Economic Commission yesterday in Hà Nội. Nguyễn […]
Germany ready for cooperation on sustainable energy with Vietnam
Vietnam has incredibly developed economic activities, industries, urbanization and living condition improvement; therefore, sustainable energy development is considered as a current tendency in the country. Ms. Cecilia Strandberg from Renewables Academy (RENAC) and Mr. Ron-Hendrik Peesel from University of Kassel said that they believe Germany’s technologies could fully meet Vietnam’s energy development demand, and German […]