Work on LNG storage facility begins in Bà Rịa-Vũng Tàu
BÀ RỊA-VŨNG TÀU — Construction of the Thị Vải liquefied natural gas (LNG) storage facility began in the southern province of Bà Rịa-Vũng Tàu on Monday. Financed by PV Gas, a subsidiary of the national oil and gas group PetroVietnam, the facility will cost an estimated US$285 million in the first phase. Phase one is slated for completion in […]
Work starts on 2,000 tonne waste-to-energy plant in HCM City
HCM City (VNA) – The Tam Sinh Nghia Investment Development JSC on October 16 kicked off construction on a waste-to-energy plant with a daily capacity of 2,000 tonnes of waste at the Tay Bac Solid Waste Treatment Complex in Cu Chi district, Ho Chi Minh City. To be built at a cost of 5 trillion VND (216.58 million USD), the […]
Work starts on Vietnam’s first green hydrogen plant
Tra Vinh (VNS/VNA) – TGS Tra Vinh Green Hydrogen Company, a member of The Green Solutions Group, has started construction of Vietnam’s first and largest green hydrogen factory in the Mekong Delta province of Tra Vinh’s Duyen Hai district, with total investment of 8 trillion VND (341 million USD).
Work underway on first ever national energy master plan
The Ministry of Industry and Trade is set to draft a national energy master plan as Vietnam shifts from being an energy exporter to a net importer. The ministry held a workshop Friday afternoon to discuss the plan, for 2021-30, the first time the government has worked on something like this. In the past energy […]
World Bank aids Vietnam transition to a solar auction programme
The Global Infrastructure Facility’s (GIF) Governing Council approved $1.5 million in funding to support the World Bank’s work with the government of Vietnam on a Solar Pilot Auction Programme. The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and structure the Auction Programme to transition from a feed-in […]
World Bank funds $86m for Vietnam energy efficiency projects
The World Bank has given a $11.3m grant to the State Bank of Vietnam on behalf of the Green Climate Fund (GCF) so it can lend companies money to improve energy efficiency.
World Bank Issues Its First ‘Green Loan’ to Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
World Bank Issues its First ‘Green Loan’ For Environmental Businesses in Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
World Bank offers to resolve Vietnam’s solar power dilemma
The World Bank has offered solutions for Vietnam to prevent a recurrence of its grid capacity shortage caused by indiscriminate licensing of solar plants. Last year 91 solar farms with a total capacity of 4,550 MW began operations. Most were built before June 30 to take advantage of a price incentive. But the surge in output […]
World Bank okays $86 mln for energy efficiency in Vietnam
The World Bank will provide Vietnam with $86.3 million to support the development of a commercial financing market for investing in industrial energy efficiency.