BNN Bloomberg, Canada's business news network reporting on finance and markets, has recently published an article highlighting the extraordinary 100-fold increase in solar power that has taken place in Vietnam over the last two years.

The Republic of Korea (RoK) conglomerate the SK Group said on May 18 that it wishes to set up long-term cooperation with Vietnam, including the Mekong Delta city of Can Tho, which has substantial potential in hydrogen development and high-tech production.

Electricity of Vietnam (EVN) plans to mobilise 32 billion kWh of renewable energy, including 26.3 billion kWh of solar power, meaning the output of coal-fuelled and hydro-power plants will be reduced.

Hitachi SE's renewable energy business expanded its market to Vietnam by signing a strategic cooperation agreement with Trung Nam Wind Power Joint Stock Company of Trung Nam Group (TNG) in Ho Chi Minh City on May 14.

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9% year-on-year, and accounting for 11.8% of the total electricity output, according to a report by the Vietnam Electricity (EVN).

Authorities of the south central coastal province of Khanh Hoa have sought the Prime Minister’s backing of two major projects with total investment of more than US$27 billion proposed by the Millennium Energy Corp of the US at the Van Phong Economic Zone (EZ).

Samsung Electronics Vietnam is seeking support from the Vietnamese Government to enter into a direct power purchase agreement (DPPA) scheme that will enable it to directly purchase renewable energy from producers.

The vietnam-briefing.com published by Dezan Shira & Associates on May 6 run an article, emphasising that since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, Belgium has played a significant role in promoting trade and foreign investments into Vietnam.

An online conference was held in Ho Chi Minh City on May 5 to seek measures and strategies to effectively approach and exploit the promising but choosy European market.

Vietnam will soon lead Southeast Asia in renewable energy development, Germany’s Energiezukunft highlighted in its latest article, describing the country’s energy transition as very impressive.