Russian Ambassador to Vietnam Gennady Bezdetko has published an article on the occasion of the Vietnam – Russia oil and gas joint venture Vietsovpetro celebrating its 40th founding anniversary and 35 years since it began oil and gas exploitation.

VOV.VN - Prime Minister Pham Minh Chinh welcomed US Secretary of Defence Lloyd Austin in Hanoi on July 29, believing that Austin’s visit will boost bilateral defense ties and contribute to developing the Vietnam-US Comprehensive Partnership.

VOV.VN - While receiving outgoing Finnish ambassador to Vietnam Kari Kahiluoto on July 15, Deputy Prime Minister Pham Binh Minh suggested that Finland soon ratify the EU-Vietnam Investment Protection Agreement (EVIPA) to benefit both sides.

The International Finance Corporation (IFC) has provided a US$100 million long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Vietnam is making rapid strides in shifting from fossil fuels to clean energy in the post-COVID-19 world, according to a recent article published by the website asiatimes.com.

The Ministry of Industry and Trade (MoIT) needs to study and direct Vietnam Electricity (EVN) to issue regulations on the transmission and distribution system to ensure the stable operation of the power system amid abundant wind and solar power sources.

The economic growth target for this year remains unchanged with two scenarios of 6 percent and 6.5 percent expansion for this year, affirmed Prime Minister Pham Minh Chinh at a regular Government meeting held in Hanoi on July 1.

VOV.VN - The US Agency for International Development (USAID) and Danang City People’s Committee launched a project promoting urban energy security in Danang at an online event on June 30.

The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of EUR74.7 million (US$82.6 million) to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.

It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.