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Denmark invests in green energy in Vietnam

Vietnamnet   Denmark is seeking cooperation with Vietnam in the energy sector on the back of its effective use of renewable energy. The statement made by John Nielsen, Danish Ambassador to Vietnam, at a conference in HCM City on June 27, to help Vietnamese companies promote corporate social responsibility (CSR). The ambassador pointed out that … Continue reading

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Power sector needs over VND17 trillion every year

Saigontimes Vietnam will need more than VND17 trillion (some US$805 million) each year from now to until 2020 to invest in electricity projects as envisioned in the national power zoning plan. Deputy Prime Minister Hoang Trung Hai mentioned the huge investment in his speech at a ceremony for the 20th anniversary of the 500kV north-south … Continue reading

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PetroVietnam Secures Oil Deal With Russia’s Rosneft

VNS   Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam. The Kozimo terminal is an oil pipeline extending from Eastern Siberia to the Pacific Ocean. According to a Rosneft press release on May 24, the … Continue reading

France helps Vietnam develop renewable energy

VOI/VNN   French enterprises will provide Vietnam with the latest information on renewable energy development, the application of new technologies, the ability to transfer technology, and financial support.   French Ambassador to Vietnam Jean Noel made the commitment at a conference in Hanoi on May 20, stressing that renewable energy is one of France’s priority … Continue reading

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Work starts on VND1.2-trillion wind turbine project

Saigontimes The first phase of Cong Hai 1 wind turbine production project worth around VND1.2 trillion (some US$56.7 million) got off the ground in Ninh Thuan Province’s Thuan Bac District on May 19. The two-phase project is invested by Saigon Industry Corporation, Power Generation Corporation 2 and HCMC Electric Power Trading Investment Corporation. Saigon Industry … Continue reading

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Dung Quat Oil Refinery sets new safety record

VOV The Dung Quat Oil Refinery and affiliates on April 15 welcomed an important milestone, working for 600 consecutive days and nights in a safe, stable and effective manner. Since it began operations, the Dung Quat Oil Refinery Plant has produced and sold 26.7 million tonnes of products, earning VND543,000 billion and contributing over VND86,000 … Continue reading

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Vietnam competitiveness in steady decline

SaigonTimesDaily The World Bank (WB) announced in its East Asia Pacific Economic Update on April 7 that Vietnam is facing a steady decline in competitiveness compared to similar regional economies. The result was demonstrated in the WB surveys that compared the competitiveness of regional countries. The Vietnamese economy is expected to grow a modest 5.5 … Continue reading

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Vietnam Gropes Around To Develop Competitive Electricity Market

BTimes   It’ll take Vietnam 10 more years to develop a competitive electricity market. This period is too long for some Vietnamese, who are eager to enjoy competitive electricity prices.   The plan on gradually upgrading the electricity market, approved by the government, indicates that a competitive retail electricity market should take shape in the … Continue reading

Experts Urge Speed In Building A Competitive Power Market

April 4, 2014 DTINews   The push towards a competitive power market in Vietnam has been rather steady, but the country should speed up the process to minimise monopoly in the industry, energy experts have said. A seminar on the development of the energy market in Vietnam was recently held in Hanoi, which attracted the … Continue reading

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Tan Tao Group seeks BOT power plant partners

Mar 25,2014 The long-delayed Kien Luong thermal power project could be pushed forward as the domestic investor Tan Tao Energy Corporation is seeking partners for it. The firm (TEC), a subsidiary of Tan Tao Group, is seeking partners after it has been allowed to convert the investment form of Kien Luong 1 thermal power plant … Continue reading