energy
The Energy category covers oil, gas, renewables, and power generation, exploring production trends, infrastructure investment, geopolitical risks, and regulatory frameworks. It provides insights into market pricing, sustainability efforts, and foreign investment in energy projects, making it essential for businesses, policymakers, and investors tracking the energy sector.
Vietnam’s petroleum products exports rise by 17.19 percent in December
Vietnam’s petroleum products exports total US$1.93 billion for 2024…
Vietnam’s energy sector sees rise in foreign direct investment in December
In 2024, the sector attracted a total of 4 new projects with US$1.42 billion in newly registered capital…
Vietnam’s gaseous natural gas production estimated to reach 6.32 billion cubic meters in 2024
In November 2024, the country produced 496.6 million cubic meters of gaseous natural gas, reflecting solid output despite a slight decline in December.
Vietnam’s petroleum product imports surge by 48.16 percent in December
Singapore emerged as the leading supplier in December, with exports to Vietnam doubling to US$369.66 million, a 100.00 percent increase. South Korea followed, exporting US$206.84 million, a 26.70 percent rise from the previous month. Imports from Malaysia also showed significant growth, climbing 48.53 percent to US$105.69 million.
Vietnam’s crude oil imports rise by 32.05 percent in December
Kuwait remained Vietnam’s largest crude oil supplier, contributing US$578.56 million in December, a 28.81 percent increase from the previous month. Imports from other sources collectively rose by an impressive 75.88 percent, reaching US$58.40 million.
Vietnam’s liquefied petroleum gas (LPG) production estimated to reach 764,200 tons in 2024
In November 2024, the country produced 70,600 tons of LPG, which shows a solid output despite a slight decline in December.
Vietnam’s LPG imports decline by 24.83 percent in December
The “Other” category remained stable, with imports rising slightly by 0.24 percent to US$56.16 million. China recorded a significant increase, with imports rising 22.71 percent to US$19.98 million. Malaysia also posted strong growth, with imports increasing by 53.33 percent to US$14.60 million.
PM sets 5-year time frame on nuclear power plant construction in Vietnam
Of note, according to the International Atomic Energy Agency it can take as little as five years, but also as many as 12, to build a nuclear power plant from when the first cement is poured. That said, there can also be a few years of planning that goes into the process before that.
Vietnam’s crude oil exports rise by 22.86 percent in December
Vietnam’s exports of crude oil total US$1.73 billion for 2024…
Vietnam will need 2,400 staff to run proposed nuclear power plant
Currently, just 460 Vietnamese have been sent abroad to study nuclear power production and most of these workers are working in unrelated fields…
Vietnam’s natural gas extraction index shows steep year-on-year decline
Year-on-year, the natural gas extraction index recorded a sharp decline of 23.35 percent in November 2024 compared to the same period in 2023…
Vietnam NA approves resuming pursuit of Ninh Thuan nuclear power plant
Coverage from Dau Tu Chung Khoan notes that the cost was estimated to be VND 200,000 billion in 2009 (This is about US$7.9 billion at today’s exchange rate). In addition, the publication points out that several key issues were raised by the NA including radioactive waste management and community safety, though these do not appear to have been addressed.
Rethinking Financing Vietnam’s Clean Energy Transition
That is to say, practically speaking, the implementation of Vietnam’s JETP agreement looks to have stalled. That being the case, it might be time to start considering other options.
Vietnam power output up 10.6 percent January through October
The bulk of this power has been produced by burning coal which accounted for 48.7 percent, down slightly from 49.6 percent in September. Coal was followed by hydropower which provided 29.5 percent of Vietnam’s electricity supply in October.
Vietnam’s natural gas extraction on decline despite monthly uptick
The cumulative figures for January through October 2024 reveal a 17.3 percent decrease over the same period last year, indicating persistent obstacles in the sector…
Vietnam state power provider moves two-tier electricity pricing strategy forward
This policy looks to be a response by the state power provider to try and increase revenue without increasing electricity prices. This comes after the state power provider ran up huge losses over the past two years by selling electricity below cost price…
Vietnam’s coal mining output falls by double-digits year-on-year in September
Of note, for the period from January to September 2024, production in the coal mining sector was down by 4.2 percent from the same period last year. It’s not clear what is driving this decline, however, it is inline with a contraction in production in Vietnam’s mining industry more broadly.
PetroVietnam Power Corporation: Vietnam Stock Overview
POW is currently constructing two LNG power plants with a combined capacity of 1,500 megawatts. These are the first LNG power plants in Vietnam. This is in line with the country’s shift from coal to gas power, however, declining domestic natural gas production means that much of Vietnam’s LNG will need to be imported….
New Vietnam rooftop solar development Decree finally issued
Originally the Ministry of Industry and Trade had been pushing for no feed-in tariffs on rooftop solar, however, at the request of the government, it reluctantly agreed to have feed-in tariffs but limited to just ten percent of the installation’s capacity. This was then raised to 20 percent at the request of Vietnam’s Deputy Prime Minister Tran Hong Ha…
New electricity tariffs for business in Vietnam from October 11, 2024 [table “” not found /]
The average retail price of electricity has been set at VND 2,103.1159 per kWh, excluding value-added tax (VAT). This price structure, detailed in an appendix to the decision, applies to both users and retailers and does not include VAT…
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It