News

On August 15th, Phuc Sinh Corp., a Vietnamese agricultural product trading company, announced that it has received a green investment of up to $25 million from the Dutch & Green Fund. This marks the first time a Vietnamese company has achieved such a mile

PepsiCo, the American snack and beverage giant with a 30-year presence in Vietnam, is expanding its operations with a $400 million investment in new factories located in Ha Nam and Long An province.

The Vietnamese government is attempting to overcome the stagnation in offshore wind power development. The Ministry of Industry and Trade (MOIT) has recently released a pilot development report, recommending that state-owned enterprises take the lead.

Vietnam has approved DPPA, opening up a new era of green energy liberalization and new investment opportunities. However, the implementation of the DPPA still has several challenges to address, divided into regulatory, cost, and technical issues.

Vietnam generates nearly 70,000 tons of waste daily, with over 70% sent to landfills. Waste-to-energy plants, which provide electricity during waste processing, are considered a solution to balance environmental concerns with economic development.

The Vietnamese government officially passed the "Direct Power Purchase Agreement" (DPPA) on the 3rd, allowing large electricity consumers to procure green energy directly from the national grid or independent grids, bypassing Vietnam Electricity (EVN).

To attract more renewable energy investments and meet the industry's demand for clean energy,Vietnam government officially passed the “direct power purchase agreement" (DPPA) on the 3rd.

Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.

The rare earth elements used in making EVs and wind turbines are vital to renewable energy technology. Vietnam boasts abundant rare earth resources but suffers from a lack of advanced technology, leading to a continued decline in extraction volumes.

The power shortage crisis in northern Vietnam last year is still vivid. With the expectation of electricity demand surge, Vietnam Electricity (EVN) has implemented various measures to manage power distribution and alleviate the pressure on supply.