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.
Site clearance issues delay Vietnam’s first LNG power plant, adding to electricity woes
Site clearance delays are hampering an LNG power project in southern Vientam, reportedly at a cost of VND 13 billion or US$510,645 per day, Tuoi Tre has reported. Of note, site clearance is a common problem on most projects in Vietnam. This in large part stems from land pricing regulations
Vietnam’s Offshore Wind Power Holdup: Unpacked
At the beginning of March of this year, a 100-ton wind turbine fell apart over a fish and shrimp farm in Vietnam’s Bac Lieu province. No one was injured but some three weeks later the owner of the shrimp farm made a compensation claim in the amount of VND 160
Vietnam’s collective decision-making weighs on offshore wind power development
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 solar project struggles after project approval breaches
A power generator in Southern Vietnam has reported that key infrastructure projects it is working on are at risk of being delayed as a result of the state power provider, EVN, failing to pay for the power it has provided, VN Express is reporting. The problem appears to have been
This explanation for no feed-in tariffs on excess rooftop solar
There has been some debate as to whether or not rooftop solar projects should receive feed-in tariffs for excess power they feed to the grid. The Ministry of Industry and Trade is against it essentially arguing that if there are feed-in tariffs people will add rooftop solar in order to
Vietnam coal power profits surge, but renewables, gas struggle
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 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
EVN reluctant to sign on to long-term LNG power purchase agreements
EVN has made a power purchase agreement with a new LNG power plant set to come online in the near future, however, EVN has been reluctant to commit to a consumption volume. The issue was the consumption rate, VN Express is reporting. The project operators wanted EVN to commit to
MoIT flips again on payments for excess rooftop solar in Vietnam
Once again the MoIT is saying there will be no feed-in tariffs for rooftop solar, according to The Investor. Last week it was announced that the MoIT was considering a time-based feed-in tariff for rooftop solar, however, this week the ministry is saying that’s not the case.
Direct power purchases in Vietnam draw closer with draft decree released
A draft decree that, if passed, would finally provide a legal framework for direct power purchase agreements–or DPPAs–is being circulated, according to VN Express. It outlines DPPAs that can use either EVN’s power infrastructure or build their own infrastructure.
Vietnam considering a monthly connection fee for electricity
The state power provider EVN wants to charge a subscription fee on top of metered electricity prices to cover the additional infrastructure costs for some customers, VN Express is reporting. Essentially, the power price is currently calculated on the volume of electricity used and by tiers–the more you use the
No feed-in-tariffs for rooftop solar projects in Vietnam?
Tuoi Tre is reporting that the latest report from the Ministry of Industry and Trade says that rooftop solar projects that feed excess power to the grid will not receive a feed in tariff. Zing News on the other hand, earlier this week, said that the MoIT was looking at
Vietnam’s MoIT backflips on removal of feed-in tariffs for rooftop solar
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 secures funding for two LNG plants but start date uncertain
Yesterday there was an article in VN Express that said Vietnam would have LNG power by April 15. Today, however, The Investor is reporting that PetroVietnam Power has secured short-term funding for the two plants which are expected to go online November 15 this year and May 15 next year.
Electricity shortages on the cards for northern Vietnam this summer
Northern Vietnam’s electricity consumption could increase by as much as 17 percent this summer, however, the supply of electricity is slated to have added only 10 percent, VN Express is reporting Last year, power shortages cost Vietnam an estimated US$1 billion.
The Power Development Plan 8 Implementation Plan was approved
The Prime Minister issued Decision 262/QD-TTg on April 1 approving an implementation plan put together by the Ministry of Industry and Trade, for the implementation of the Power Development Plan 8–or PDP8–that was approved last year. It essentially goes into the specifics dividing power production aims by region and then
Claims state power provider electricity bills up to three months late
The Ho Chi Minh City Customs Department is enforcing a decision to block the import and export of goods by the Trung Nam Group, over unpaid taxes, VN Express is reporting. Of particular interest in this article, however, is that Trung Nam Group has claimed the delay has been caused
Vietnam electricity prices likely to rise, higher production costs
Vietnam’s Ministry of Industry and Trade (MoIT) has suggested electricity prices should rise in May in line with rising production costs, VN Express is reporting. In Vietnam, retail electricity prices are set by the government. The state power provider, EVN, can increase prices up to 3 percent. A price hike
Vietnam petrol retailer representative group denied: name, function not unique
An attempt to unite Vietnam’s petroleum retailers into an ‘association’ has been knocked back by the Ministry of Industry and Trade (MoIT), Tuoi Tre is reporting. The MoIT says the proposed name and function of the group would overlap with the existing Vietnam Petroleum Association (VPA). In Vietnam, ‘associations’ are
Loan interest may be forgiven for partners in Vietnam’s Nghi Son refinery
Kuwait Petroleum International is considering waiving the interest on the loans of its partners in Vietnam’s Nghi Son refinery, the Arab Times is reporting. This could also see the interest rate on said loans possibly reduced to 0 percent. The publication notes that at the end of December there was
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