Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001 and growth averaging 7.26% from 2001 to 2010.
Three subsidiaries of the State-owned Vietnam Oil and Gas Group (PetroVietnam) signed a business cooperation contract (BCC) on August 3 to carry out a chain of gas, power, and service port projects.
The construction of two wind farms with a combined capacity of 100 MW began in Hoa Binh district of the Mekong Delta province of Bac Lieu on July 26.
The southern province of Bac Lieu topped the country in attracting foreign investment in the first four months of 2020 with a single project worth US$4 billion producing electricity from LNG, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported.
Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.
The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.
Vice Chairman of the municipal People’s Committee of the Mekong Delta city of Can Tho Truong Quang Hoai Nam held a working session with representatives from Japan’s JERA Co. Inc. to discuss the use of liquefied natural gas (LNG) at O Mon 1 thermal power plant in Can Tho.
The People’s Committee of Bac Lieu province on January 21 granted an investment decision to Singapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefied natural gas-fired power plant.
Deputy Minister of Industry and Trade Hoang Quoc Vuong on January 7 asked the southern coastal province of Ba Ria-Vung Tau to weigh environmental and economic impacts of liquefied natural gas (LNG) electricity projects that are seeking approval.
VOV.VN - Urgent solutions must be sought to handle imminent electricity shortages, coupled with drastic adjustments to the future national power development plan and power purchase agreement.
Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year, according to the Ministry of Industry and Trade.
VOV.VN - A Norway-Vietnam Seminar on liquefied natural gas (LNG), organised by the Royal Norwegian Embassy, Commercial Section (Innovation Norway) in Vietnam and Norwegian Energy Partner, was held in Hanoi on November 4.
The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.
Vietnam will work to maintain macro-economy’s stability and economic growth, while creating optimal conditions for businesses investing in the country, Prime Minister Nguyen Xuan Phuc has pledged.
Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.
Vietnam’s Minister of Industry and Trade Tran Tuan Anh joined policymakers, researchers and representatives of energy companies from 26 countries at the LNG Producer-Consumer Conference 2019 in Tokyo on September 26.
The Vietnamese Government always rolls out red carpet for US-based Gen X Energy’s high-tech projects which are friendly with the environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.
Head of the Party Central Committee’s Economic Commission Nguyen Van Binh has affirmed that Vietnam values and creates favourable conditions for clean energy investors in general and the US’s AES energy company in particular.
Thai firm Gulf Energy Development Plc. plans to develop power plants in Vietnam and Laos to strengthen its presence in Indochina.
The PetroVietnam Gas Joint Stock Corporation (PV Gas) on June 24 signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants.