The Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity Group, plans to sell over 580.12 million shares, or 48.8875 percent of its charter capital, to investors and over 1.33 million shares, or 0.1125 percent, to employees.
The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. After 5 years of implementation, up to now, the project has made basic preparations, paving the way for the formulation of carbon market policies.
The Prime Minister has signed a decision approving an equitisation plan designed for the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity (EVN).
The Vietnam Electricity (EVN) is eyeing the operation of a competitive retail electricity market in 2021 following its official run of a competitive wholesale market since 2019.
The Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signalling broadly unchanged business conditions during the month.
Vietnam had attracted a total of 26.43 billion USD in FDI this year as of November 20, equal to 83.1 percent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.
Vietnam had attracted a total of 26.43 billion USD in FDI this year as of November 20, equal to 83.1 percent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.
Vietnam will need 150 billion USD to invest in power generation projects in the next 10 years, equal to half of the country’s current gross domestic product (GDP), which raises demand for international financing.
The 37th ASEAN Summit and Related Meetings took place virtually from November 12-15. ASEAN leaders agreed to issue the Chairman's Statement of the 37th ASEAN Summit at the end of the event.
Extreme weather conditions are becoming more common in the region and around the world and have greatly affected Vietnam, Minister of Natural Resources and Environment Tran Hong Ha told lawmakers at the National Assembly’s ongoing 10th session in Hanoi on November 5.
Vietnam has recently incorporated a new section into its updated Nationally Determined Contribution (NDC) under the United Nations Framework Convention on Climate Change (UNFCCC) to emphasize the socio-economic co-benefits of climate action for the country.
Indonesian President Joko Widodo has ordered his cabinet ministers to set a target of reducing exports of unprocessed coal and accelerate plans to develop derivative industries for processing the fuel in Southeast Asia’s biggest economy.
Power consumption increased significantly in September as the economy started to find its feet after COVID-19 was successfully contained in Vietnam, according to a recent report by Electricity of Viet Nam (EVN).
Vietnam Electricity (EVN) planned to put two turbines of Thuong Kon Tum hydropower plant and Se San 4 solar power plant into operation by the year-end.
The growth of solar power generation in Vietnam has come alongside increasing concern over the disposal of end-of-life solar panels in the coming decades.
The Mekong Delta province of Long An is working to carry out solar energy projects on low-yield farming land in districts as it boasts huge potential for solar power development.
The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country.
Despite numerous efforts of the Government in speeding up the equitisation of State-owned enterprises, some ministries, sectors, localities and economic groups have showed ineffective performance in the work, thus slowing down the progress of the scheme.
Business
