The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.
Conclusion 76-KL/TW has paved the way for the Vietnam Oil and Gas Group (Petrovietnam) to build strategies for offshore wind power development, contributing to promoting clean energy in Vietnam.
Vietnamese Ambassador to Belgium Nguyen Van Thao visited a wind power project in Hanzinelle - Gerpinnes in the Belgian province of Namur, and had a working session with experts to discuss challenges and opportunities for energy cooperation between the two countries.
Relevant authorities need to have preferential policies regarding prices and tax rates, and those providing support for investors in accessing loans for renewable energy projects, said insiders.
HSBC Vietnam has signed a Letter of Intent (LoI) for evaluating and providing financing solutions with a focus on sustainability with the Trung Nam Construction Investment Corporation (Trungnam Group), one of the largest renewable energy developers in Vietnam, according to Saigon Giai Phong newspaper.
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
A ground-breaking ceremony was held on August 25 for the first phase of Ca Na Seaport Complex project in Thuan Nam district of the south central province of Ninh Thuan.
Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Japan Bank for International Cooperation (JBIC) have signed a 200 million USD credit contract to finance renewable energy projects in Vietnam.
Work on the construction of Chinh Thang wind power mill, with total investment of more than 1.7 trillion VND (73.19 million USD), started in Thuan Nam district, the south central coastal province of Ninh Thuan on April 25.
The central province of Quang Tri has approved investment plans for four wind and two solar power projects, whose costs amount to more than 7.4 trillion VND (319.1 million USD).
Boasting huge potential for renewable power development, the south central coastal province of Ninh Thuan is working to lure investments in the sector, aiming to become Vietnam’s clean energy centre.
The central province of Phu Yen has launched the first public solar power project in the provincial capital city of Tuy Hoa after six months of construction.
The US ACO Investment Group wants to implement renewable energy projects in Vietnam’s southern province of Binh Duong, Chairman and CEO of the group Hari Achuthan said at a working session with local authorities on February 22.
