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 […]
ADB-backed National Solar Park adds 60MW to Cambodia’s grid
PHNOM PENH – A 60MW solar photovoltaic (PV) power plant in southwestern Kampong Chhnang province, part of the 100MW National Solar Park, was connected to the national grid on November 11, in a move to provide the people with more power resources, reported the Asian Development Bank (ADB).
Vietnam nears US$11bil-plus deal to shift economy from coal
HANOI (Bloomberg): Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least US$11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
COP27: Vietnam’s Net Zero Commitment One Year On
A study published in Nature, in June of this year, found that 46 percent of the Vietnamese population lived in areas prone to flooding. This ranked the Southeast Asian nation’s population the third most exposed out of 188 countries included in the study.
Vietnam should assure investors with stable regulatory frameworks: IFC
Kim See-Lim, regional director, East Asia and the Pacific, for the World Bank’s International Finance Corporation (IFC), says Vietnam should set up stable regulatory frameworks and make quicker decisions to realize its carbon-neutral target.