The Electricity and Renewable Energy Authority of the Ministry of Industry and Trade launched a programme to boost the development of rooftop solar power in Vietnam at a workshop held in Ho Chi Minh City on July 25.
Along with its rapid economic growth, Vietnam’s electricity demand is also increasing strongly, at around 10 percent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade.
The Mekong Delta province of Ca Mau has set its sights on attracting 28 investment projects this year, with a focus on seafood processing, high-technology agriculture and renewable energy.
Buying electricity directly from private companies running renewable energy power plants, and not through Electricity of Vietnam (EVN), is being considered.
Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050.
The 2019 International Environment and Energy Technology Exhibition (Entech Vietnam 2019) opened in Ho Chi Minh City on June 12.
Major issues regarding wind energy development in Vietnam are being discussed at the second Vietnam Wind Power Conference that opened in Hanoi on June 11.
Korean investors are keen to invest in renewable energy due to its potential and the incentives that Vietnam has offered to foreign investors, an HSBC official has said.
Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals.
Prime Minister Nguyen Xuan Phuc highlighted potentials for Vietnam and Norway to enhance economic cooperation, especially in renewable energy, industry and aquaculture, at the Vietnam-Norway Business Forum in Oslo on May 24.
Sweden will help Vietnam in areas of its strength like energy saving, focusing on renewable energy development, Swedish Minister for Foreign Trade Ann Linde has said.
A long-term plan for renewable energy sources such as solar and wind must be devised for Vietnam to realise its goal of connecting the entire country to the national grid, experts have said.
Vietnam could meet its long-term energy demands by adding renewable energy sources and cutting-edge battery storage technologies to its arsenal of solutions, experts said at a two-day international conference on renewable energy that ended on April 4 in HCM City.
As one of the most efficient power markets in Southeast Asia, Vietnam has huge prospects, especially in renewable energy, experts have said.
Luc Van Tan, a HCM City resident, is considering installing solar power panels on his 35sq.m rooftop to save on electricity bills.
Though the Government plans to increase its renewable energy capacity, Vietnam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands.
The Mekong Delta province of Kien Giang plans to spend 17 billion VND (around 734,000 USD) on organizing investment, trade and tourism promotion activities both at home and abroad in 2019.
VOV.VN - Former US Secretary of State John Kerry is on a visit to Vietnam to attend the Vietnam Economic Forum 2019, which coincides with the 25th anniversary of the normalization of Vietnam-US trade relations.
VOV.VN - Some unclear clauses of power purchase agreement and its related risks are hindering the influx of direct foreign investment in renewable energy.
Solar power is attracting great attention from the Vietnamese Government and businesses, but certain challenges are facing the utilisation of this type of renewable energy.