Prime Minister Pham Minh Chinh has welcomed the US-based Pacifico Energy (PE)’s plan and commitment to investing in Vietnam’s energy sector, particularly its survey for an offshore wind power project in Binh Thuan province.

On the threshold of Party General Secretary To Lam’s official visit to Singapore, experts and scholars in the country have proposed ways to boost cooperation in science-technology, innovation, and national digital transformation between the two nations, positioning the area as a new driver for Vietnam to enter a new era – that of the nation’s rise.

The PetroVietnam Gas Joint Stock Corporation (PV GAS) has become the first long-term supplier of liquefied natural gas (LNG) power in Vietnam, and currently the only one.

Affordable and competitive electricity rates play a vital role in ensuring consistent revenue streams for private enterprises, encouraging their participation in Vietnam's domestic energy market.

Prime Minister Pham Minh Chinh has signed Decision No. 266/QD-TTg, approving the implementation plan for the Global Coal-to-Clean Energy Transition Statement. The plan aligns with Vietnam’s commitment to low-carbon development and achieving net-zero emissions by 2050.

Vietnam needs to acquire technologies to ensure the safe management of nuclear power plants, and establish an appropriate financial mechanism to secure the substantial initial investment capital for the plan.

Despite a slowdown in 2024, Vietnam’s mergers and acquisitions (M&A) market is expected to regain momentum, driven by the country’s strong economic fundamentals and supportive government policies.

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Japan Bank for International Cooperation (JBIC) have recently signed a credit agreement worth up to US$150 million to finance renewable energy and power transmission projects in Vietnam, contributing to the national goal of achieving net-zero emissions by 2050.

In foreign investors' eyes, Vietnam remains an important investment destination in the medium and long terms amidst the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).

Dr. Kwak Sung-il, Director of the Security-Economic Strategy Bureau at the Korea Institute for International Economic Policy, has urged the Republic of Korea (RoK) and Vietnam to restructure their growth strategies toward emerging sectors such as semiconductor or clean energy in light of the rapidly evolving global economic landscape.