TEPCO invests in Coc San hydro project, Vietnam
Tokyo Electric Power Company Holdings, Inc. (TEPCO) is looking to increase the efficiency of the 29.7MW Coc San Hydropower Plant in Vietnam after acquiring a 36.38% stake in project operator Viet Hydro Pte Ltd, the majority shareholder of Lao Cai Renewable Energy Joint Stock Company. The company acquired the shares from InfraCo Asia Development Pte. […]
New oil refineries to quadruple Vietnam capacity 2023
Vietnam’s total oil refining capacity will nearly quadruple by 2023 as two new refineries go on stream, market data provider Fitch Solutions reports. The Dung Quat refinery in the central province of Quang Ngai operated by the state-owned PetroVietnam’s subsidiary Binh Son Refinery Limited (BSR) remains the sole facility now, with a crude oil processing […]
VN wants more investment from India: leader
HÀ NỘI — Việt Nam expects Indian firms to invest more in Việt Nam, Deputy Prime Minister Trịnh Đình Dũng said at the Việt Nam-India Business Forum held in Hà Nội on Monday. The fields expected to lure Indian investment include renewable energy, manufacturing industry, information technology and infrastructure construction, he said. Việt Nam also […]
Vietnam, Russia aim to nearly triple trade to $10 billion by 2020
HANOI (Reuters) – Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion (7.7 billion pounds) by 2020 from $3.55 billion last year, while expanding energy ties. Russia is Vietnam’s biggest weapons supplier and Russian companies are involved in several Vietnamese energy projects. “We have agreed to cooperate more closely and […]
Banks, petrol help market end positive
HÀ NỘI – Banks and petroleum companies drove the Vietnamese stock market up on Friday while caution still weighed on overall sentiment ahead of the US-China talks at the G20 summit. The benchmark VN Index on the Ho Chi Minh Stock Exchange inched up 0.12 per cent to close at 898.19 points. The southern market […]
Vietnam’s Ca Tam oil field to start production Jan 15 – sources
HANOI, Nov 13 (Reuters) – Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday. Ca Tam is the first new field to be brought into production in Vietnam in years after a […]
Steady coal demand buoys Banpu sales, profit
BANPU PUBLIC Company Limited recently announced total sales revenue of US$965 million (approximately Bt31.81 billion) for the year’s third quarter, a big jump from the $245 million for the same period last year. A leading integrated energy solution company in Asia-Pacific, Banpu saw $310 million in EBITDA (earnings before interest, tax, depreciation and amortisation), an […]
Vietnam to open domestic wholesale power market in 2019
It is now training companies and preparing hydropower plants to enter the market. The Vietnamese Ministry of Industry and Trade will launch the full opening of the domestic electricity wholesale market to competition in 2019, following the establishment of a successful year-long pilot period. The Electricity Regulatory Authority of Vietnam (ERAV) will use the remaining […]
Banks key in country’s green growth strategy
Hanoi (VNS/VNA) – The banking sector plays a key role in “green” investment, including directing credit flow into environmentally-friendly sectors and restricting flow into projects which might have negative impacts on the environment. This was highlighted at a conference about developing green banking in Vietnam organised by the Banking Strategy Institute in Hanoi on November […]
Making ends meet for Vietnam’s growing energy sector
Coal takes centre stage with 35% market share, whilst renewables deals are stuck at pre-investment even with electricity demand poised to grow by 8% until 2025. As Vietnam’s energy sector expands, the role of the private sector and foreign investment is increasing, taking the form of build-operate-transfer (BOT). Some newly licensed BOTs include Nam Dinh […]