There is great potential for the energy service companies market to develop in Vietnam as power consumption is forecast to increase sharply in the coming years, heard a workshop in HCM City on October 22.

Data from the Ministry of Industry and Trade shows Vietnam will sharply increase imports of coal, gas and primitive energies to meet development needs from now to 2030.

The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported that its oil and gas production during January-September surpassed the set target in the period.

A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.

Hacom Bac Lieu Energy JSC on October 11 started construction on the first phase of Hoa Binh 5 wind power plant on an area of 28 hectares in Vinh Thinh commune, Hoa Binh district, the Mekong Delta province of Bac Lieu.

Vietnam aims to raise its renewable energy sources to 15-20% of the total energy supply by 2030 and 25-30% by 2045.

VOV.VN - GS Caltex Corp., the second largest oil refining company from the Republic of Korea (RoK), announced on October 7 that they have signed a US$1.6 million agreement with local startup VI Automotive Service.

VOV.VN - Work started on October 3 to construct the Kosy Bac Lieu wind power plant project in Hoa Binh district of the Mekong Delta province of Bac Lieu.

VOV.VN - Pacifico Energy Vietnam, a subsidiary of Pacifico Energy, an international leader is developing, financing, constructing, and operating renewable energy power plants, have initiated plans to invest in a number of wind and solar power projects in the central province of Quang Tri in the near future.

VOV.VN - Prime Minister Nguyen Xuan Phuc on September 30 received Greg Hands, Minister of State for Trade Policy in the Department for International Trade of the UK and President of Enterprize Energy Group Ian Raymond Hatton, who are on a visit to Vietnam to promote an offshore wind power project in the central province of Binh Thuan.