Vietnam has high petroleum stockpile Business

Vietnam has high petroleum stockpile

Vietnam’s oil and gas inventories are over 90 percent higher than the required level, meeting the domestic petroleum consumption demand in the next few months, according to the Vietnam Energy Association (VEA).
Challenges hinder development of renewable energy Business

Challenges hinder development of renewable energy

Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, according to a survey by international consulting firm Grant Thornton, but the development of such projects has been hampered by a number of challenges.
Vietnam achieves nearly 99 percent electrification Business

Vietnam achieves nearly 99 percent electrification

Vietnam is one of the most efficient power markets in Southeast Asia, and has achieved nearly 99 percent electrification with relatively low cost in comparison to neighbouring country, according to the Ministry of Industry and Trade (MoIT).
UK investor plans offshore wind farm in Binh Thuan Business

UK investor plans offshore wind farm in Binh Thuan

The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly 12 billion USD, UK developer Enterprize Energy said.
EVN strives to meet summer power demand Society

EVN strives to meet summer power demand

To deal with possible electrical shortages during the dry season, the Electricity of Vietnam (EVN) will make the most of all power sources, including coal, gas, diesel-fueled and hydropower stations, a representative of the corporation has said.
Business

Vietnam needs to develop renewable energy industry

Energy is indispensable to economic development and national industrialisation and modernisation but Vietnam is facing with a looming energy shortage that could dramatically hinder its future progress, radio The Voice of Vietnam (VOV) reported.