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Vietnam mulls bidding policy for solar power prices

The government is studying a plan to let investors bid on solar power prices after its incentive pricing policy has run out. The Ministry of Industry and Trade has been tasked with studying this possibility with assistance from the World Bank and the Asian Development Bank. It is to report its study results to the […]

Vietnam mulls importing U.S. coal for power generation

HANOI (Reuters) – Vietnam is considering importing coal from the United States to meet rising demand for the fuel for power generation, state media reported on Tuesday, as the Southeast Asian country plans to build more coal-fired power plants. Vietnam is also seeking to import more U.S. goods to help narrow its trade surplus with […]

Vietnam mulls multi-layered FIT scheme as it kicks energy transition into gear

The shape of Vietnam’s solar policy after its FIT regime expires in June will be one of the most hotly anticipated PV developments in Southeast Asia. According to a draft decision released by the Ministry of Industry and Trade, the 20-year FIT of $0.0935/kWh introduced in April 2017, and valid for projects that achieve commercial […]

Vietnam Natural Gas Plans Clash with Climate Fears

HO CHI MINH CITY — Vietnam repeatedly calls itself one of the countries that would be most devastated if climate change worsens, but it is also preparing to import liquefied natural gas (LNG), which emits the greenhouse gases that accelerate climate change. Rather than drastically boost renewable energy, Vietnam plans to start using LNG for the […]

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.

Vietnam needs clear policies to promote renewable energy development: Int’l experts

The Hanoitimes – Clear polices would greatly help provide a vision with specific targets of renewable energy for both authorities and investors in the road map ahead. Vietnam should make clear policies to advance the development of renewable energy amid growing power demand, according to a group of experts in the Deutsche Gesellschaft für Internationale […]

Vietnam needs roughly US$368 billion to develop climate-resilient, low-carbon economy

HANOI: Vietnam needs to invest approximately US$368 billion from now until 2040 to build a climate resilient and low-carbon economy, according to the Vietnam Country Climate and Development Report (CCDR) released by the World Bank on July 13.

Vietnam Needs to Break Its Addiction to Chinese Coal

When it comes to the effects of global climate change, Vietnam is one of the world’s most at-risk nations. Rising sea levels threaten to inundate both the Mekong and Red River Deltas, potentially impacting tens of millions of people. Vietnam is also one of the fastest growing economies in the world, growing by 7.1 percent in 2018. […]

Vietnam needs US$142 billion for development of electricity sector

Mr. Nguyen Tuan Anh, Deputy Director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade said that Vietnam needs US$142 billion for the development of the electricity sector.

Vietnam needs US$8-US$14bil power investment a year through 2030, says minister

Vietnam will need investment of between US$8 billion and US$14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister had said this week.