News

Vietnam has great potential for wind energy with the experts call on the government to expedite the development of the Can Gio Offshore Wind project. The project presents an opportunity for Ho Chi Minh City to become the first Net Zero City in Vietnam.

Vietnam issued the latest electricity pricing mechanism on March 26, deciding to shorten the price adjustment period. The Electricity Regulatory Authority of Vietnam of the Ministry of Industry and Trade stated that this move aims to align with market.

There is widespread belief that Vietnam is undervaluing its carbon credits, priced at just $5 each, but the Ministry of Agriculture and Rural Development (MARD) has refuted these claims.

The Vietnam Rubber Group (VRG) is optimistic about the carbon market. As outlined in its "2024 Green Growth and Sustainable Development Action Plan" announced on March 27, VRG will assess the feasibility of developing carbon credits from rubber forests.

SK Ecoplant announced that it has reached an agreement with BCG Energy (BCGE), a wholly-owned subsidiary of Vietnam's Bamboo Capital Group, to develop solar and wind power projects in Vietnam.

Vietnam’s carbon offset amount is beyond expectation. The government plans to sell the remaining 4.91 million of carbon credits with the help of World Bank in finding potential buyers or piloting auctions on international platforms.

The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.

On the 13th, Vietnamese Deputy Prime Minister Tran Hong Ha met with Anders Runevad, chair of the board of Vestas Group, and warmly welcomed more Danish businesses to invest in and share their experience and technology to accelerate Vietnam's energy transi

Vietnam's National Power Development Plan 8 places "flexible power resources" on the national energy structure for the first time. The market potential attracting investment from Finnish major developer, Wartsila.

Vietnamese Prime Minister Pham Minh Chinh officially approved the "2030 National Energy Development Strategy" on Mar. 1. The strategy aims to increase the proportion of renewable energy to 15%-20% by 2030 and expects to reach 65%-70% by 2045.