Vietnam’s state energy companies gear up for LNG imports
HANOI/TOKYO — Vietnam’s Petrolimex has unveiled plans to open its first liquefied natural gas import terminal, following in the footsteps of fellow state-run energy group PetroVietnam, as the pair work to diversify energy supplies to fend off a chronic power shortage in the Southeast Asian country.
Vietnam’s Ca Tam Oil Field Starts Production
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration Production Corp. (PVEP) and Bitexco Group, is 1,630 tonnes per day, PetroVietnam said in a statement. […]
Vietnam’s coal imports increases sharply by mid-July
HANOI (Viet Nam News/ANN) — Vietnam imported about 23 million tonnes of coal between the beginning of the year and July 15 worth US$2.17 billion, according to the General Department of Customs. Imports rose by 108 per cent in volume and 69.5 per cent in value from the same period last year. The growth rate of import volume was higher […]
Vietnam’s coal, crude oil import soar as it benefits from Sino-US trade war
Vietnamese government data released earlier this week had depicted an upbeat portrait of the Southeast nation’s fast-growing economy, as its coal alongside crude oil imports were surged more than anticipated during the first ten months of the year, underscoring the Southeast Asian nation’s growing reliance on imported energy to back its fast-growing economy, as the […]
Vietnam’s demand for imported gas to skyrocket to 40 bcm by 2035: PV Gas
The Hanoitimes – Energy demand will rise strongly in Vietnam as the country needs power to run its fast-growing economy. Vietnam is estimated to need up to 40.1 billion cubic meters (bcm) of imported natural gas by 2035, 40 times the current demand, according to estimates by PetroVietnam Gas Joint Stock Corporation (PV Gas), the […]
Vietnam’s Energy Industry Needs Regulatory Reforms, Experts Say
Industry experts have called for regulatory reforms and new policies for Vietnam’s energy sector. They said the government needs to push for policies promoting private investments to spur action that will benefit the industry in the future. According to Vietnam Net, the European Chamber of Commerce (EuroCham) in Vietnam said in the 11th edition of […]
Vietnam’s golden solar years aren’t over, despite policy changes
A new era dawns for solar power in Vietnam. Last month, the Vietnamese government announced it would shift to an auction system for future ground-mounted solar projects, overruling a previous proposal of a second round of its immensely successful feed-in-tariff scheme.
Vietnam’s May coal imports rise 57% on year to 3.86 mil mt
Vietnam imported 3.86 million mt of coal in May, comprising mainly thermal coal and coking coal, surging 57.1% from the same month in 2018, according to preliminary data released by Vietnam Customs. The import value in the month was $380 million, up 51.4% year on year. Indonesia was the biggest supplier of coal in the […]
Vietnam’s proposes to extend the solar feed-in-tariff by two years
On 29 January 2019, the Vietnam Ministry of Industry and Trade issued the draft policy to extend the solar feed-in-tariff (FIT) eligibility until 30 June 2021. This is an extension of two years from the earlier 11/2017/QD-TTg. This extension is coupled with a shift from a single standardized FIT, to differentiated FITs based on the […]
Vietnam’s PV Power to list with billion-dollar market cap
PV Power, the country’s second largest power producer, will list on the Ho Chi Minh bourse this month with a market capitalization of $1.5 billion. The Ho Chi Minh Stock Exchange (HoSE) has approved that the firm lists 2.34 billion shares (trading code POW) on January 14 at VND14,900 (64 cents) per share. This would […]