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.

Vietnam’s approach to sustainable energy and the emergence of wind energy in the market offer tremendous opportunities for Norwegian companies.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).