Vietnam to open electricity wholesale market next year
Deputy Minister of Industry and Trade Hoang Quoc Vuong spoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as mandated in the 2004 Electricity Law. The details of the plan were specified […]
World Oil Prices Help Vietnam Expand an Already Fast-Growing Economy
An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not a major oil-producing nation like much of the Middle East, has counted energy-related commodities as […]
PH energy firms ready to adopt blockchain technology
The blockchain business is expected to explode in value to $2 trillion in 2030 from $2.5 billion in 2017 as the technology’s momentum gathers pace in various industries and as it deepens roots in countries like the Philippines. According to research firm IHS Markit, the outlook is consistent along with the different sectors where blockchain […]
First waste-to-energy plant in Can Tho begins trial operation
Can Tho (VNA) – The first waste-to-energy plant in the Mekong Delta city of Can Tho began trial operation on October 15. The plant is invested by China’s Everbright International and operated by the Can Tho Everbright Environmental Protection Holdings Ltd (EB Can Tho). Construction of the plant started on June 30, 2018. The project […]
Chinese investment in Laos’ energy sector tops 15 billion USD
Vientiane (VNA) – Laos is among 15 countries worldwide receiving the biggest investment from China in the energy sector, Vientiane Times on October 15 quoted a World Bank report as saying. By 2017, China’s investment in the field in Laos hit 15 billion USD and is expected to continue rising in the years to come, […]
DoE reviews several major energy projects
The Department of Energy is evaluating several large-scale power projects that could receiver a certificate of energy project of national significance under Executive Order 30 that streamlines the procedures for major projects. The big ticket projects include the Wawa Pumped-Storage hydro project of Olympia Violago Water & Power Inc.; 500-megawatt Kibungan Badeo Pumped Storage Hydro […]
Philippines to suspend oil tax hike to cool red hot inflation
MANILA, Oct 14 (Reuters) – The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food […]
Khon Kaen takes lead in Thailand’s race to smarten up
Khon Kaen has been chosen to be the government’s model smart city for other provinces to learn from. Last Saturday, Khon Kaen hosted the Smart City Expo 2018, an event designed to showcase a variety of projects aimed at achieving the goal. Known as the centre of the Northeastern Region, Khon Kaen — the 9th […]
Foreign investors see more chance to step in Vietnam’s oil refinery
The recent withdrawal of Vietnamese groups from billion-dollar oil refinery projects is paving the way for potential foreign investors, especially those from Thailand and China, to jump in the industry. At a recent meeting with government agencies, Pham Van Thanh, chairman of the Vietnam National Petroleum Group (Petrolimex), proposed to pull out from the South […]
Gov’t Unwilling to Intervene as Fuel Oil Prices Rise
NAYPYITAW—The government cannot control the fuel oil price, which is determined by market forces and the law of supply and demand, Ministry of Electricity and Energy managing director U Thant Sin said. At a press conference on Thursday, the managing director said fuel oil prices were unlikely to come down any time soon due to […]