News

Vietnam is battling electricity cuts caused by a heatwave which has revealed problems in structure and bureaucracy restricting available power to 50% of installed capacity and impeding efforts to access $15.5 billion in global climate funding.

Vietnam plans to officially run a carbon trade exchange in 2028, according to a draft carbon market project in Vietnam conducted by the Ministry of Natural Resources and Environment.

Vietnam’s Prime Minister Pham Minh Chinh has approved the Power Development Plan 8 (PDP8), which is part of the National Electricity Development Plan 2021-30, after two years of wrangling and revision.

A wind farm in Vietnam's Ben Tre province, consisting of seven wind turbine towers, has remained inactive for several months, symbolizing the bureaucratic red tape that’s hindering the development of green energy in the country.

A European Union business representative said that Vietnam may not have a legal framework to regulate offshore wind farms until next year, potentially deferring billions of dollars in foreign investment in the sector.

Vietnam’s Ministry of Industry and Trade (MIOT) is planning a pilot scheme to open up Vietnam’s electricity market to bilateral power purchase agreements (PPAs), which would enable renewable energy generators to directly sell electricity to private off-ta

According to a new World Bank report, low-carbon rice production offers great potential for Vietnam to achieve its target of reducing methane emissions by 30% by 2030 while improving the competitiveness of a strategic export product.

Despite an existing feed-in tariff (FiT) for deepening biomass energy investment in Vietnam, some experts advise that a new scheme must be paired with other legal incentives to ensure a more significant share in the country’s energy mix.

Vietnam has reviewed its greenhouse gas emissions since 2010. However, the data on emission reduction has yet to be completely collected owing to the lack of requirements on reporting and evaluating results.

Vietnam announced on July 31 that US energy company AES Corp plans to develop a major offshore wind farm in Vietnam that could potentially increase the nation's wind power capacity.