Vietnam renewable energy news coverage is extensive with the country committed to reaching net-zero emissions by 2050. This category monitors news media coverage of Vietnam’s renewable energy transition including key regulations, investments, and progress meeting its green energy goals.

Vietnam’s collective decision-making weighs on offshore wind power development

the-shiv May 4, 2024

The Ministry of Industry and Trade–the MoIT–has said it is unlikely that Vietnam will meet its offshore wind power target of six gigawatts by 2030, The Leader is reporting. Essentially, the MoIT is acknowledging that with all of the various departments and ministries that need to coordinate to make offshore

Vietnam coal power profits surge, but renewables, gas struggle

the-shiv April 23, 2024

Coal power plants in Vietnam are reporting bumper profit increases of up to 1,424 percent on the back of poor weather conditions dampening hydropower outputs, Tuoi Tre is reporting. It also states that gas power projects have also not fared well, saying this was due to reduced outputs and lower

Offshore wind in Vietnam unlikely before 2028

the-shiv April 23, 2024

The Investor is covering the Global Wind Energy Council’s Global Wind Report 2024, which says Vietnam will not have offshore wind power before 2028. The report cites the underdevelopment of Vietnam’s grid and regulatory gaps as key challenges facing offshore wind development in Vietnam. Of note, Vietnam’s Power Development Plan

Vietnam’s MoIT backflips on removal of feed-in tariffs for rooftop solar

the-shiv April 11, 2024

In December, Vietnam’s Ministry of Industry and Trade–the MoIT–circulated a dossier that suggested a draft decree on rooftop solar should have no feed-in-tariffs. However, it has now been reported by Zing News that there has been a reversal of this position with a ‘time-based’ price suggested though it’s not made

Vietnam looking to import wind power from Laos on lower prices

the-shiv December 19, 2023

Vietnam is considering importing wind power from Laos because it’s cheaper, Tuoi Tre is reporting. One project in Laos is offering electricity at 7 cents per kilowatt hour whereas wind power projects in Vietnam that were online before November 1, 2021 receive 9.8 cents per kilowatt hour per a renewable

Vietnam draft solar decree no feed-in-tariffs sends ‘negative signal’

the-shiv December 14, 2023

A draft decree from Vietnam’s Ministry of Industry and Trade addressing rooftop solar says excess electricity can be fed into the grid but will not be paid for, has been met with some concerns, PV Magazine is reporting. The publication quotes solar analyst, Moritz Stitcher as saying “it sends another

Vietnam wind power project up for grabs in mortgagee auction

the-shiv December 7, 2023

Vietnam’s Agribank is auctioning off the Phong Dien 1 wind power plant with a starting price of VND1,205 billion (US$49.6 million) after the firm behind the project Vietnam Renewable Energy Engineering (VREE) failed to meet its debt obligations , The Investor is reporting. Background: Wind power producers were offered very

Vietnam’s Just Energy Transition Partnership released at COP28

the-shiv December 4, 2023

Vietnam revealed its Just Energy transition Partnership agreement on Friday at COP28, with the bulk of the funding to be provided in the form of loans for hydropower projects, Climate Home News is reporting. The agreement is mostly made up of loans as opposed to the grants that Vietnam wanted,

Lack of clear policy, pricing ‘undercutting investor confidence’ in Vietnam renewables: Bloomberg

the-shiv November 22, 2023

The Vietnam Business Forum’s Power and Energy Working Group has published a report in which they say that a lack of legal frameworks around renewable energy is causing problems for firms looking to develop the sector, Bloomberg is reporting. Specifically, the working group has called for clearer regulations around power

Singapore firm to add 245 MW in Vietnam renewable energy to portfolio

the-shiv November 13, 2023

Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.