News

Solar panels are poised to cover rooftops across Vietnam now that Southeast Asia's top generator of solar energy and a major manufacturer of PV cells, targets 50% of homes and offices to have panels by 2030. This is also to strengthen the power supply.

EVN expects the cost of electricity production of 2023 is still higher than retail price by 9.3% although fuel prices lowered for the past few months.

South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power.

Coro Energy announced a new sustainable energy venture by signing a MoU with Vietnam’s Mobile World Investment Corporation to launch rooftop solar projects across the country.

Vietnam-based electric vehicle maker VinFast, which is deemed as Tesla's rival, is set to aquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong to ramp up its integration in the production value chain and competitive advantage.

The EVN the JERA signed a MOU on cooperation towards decarbonization with ammonia and hydrogen co-burning technology. Vietnam will not develop coal power plants after 2030. However, the increased power consumption makes this Vietnam's biggest power compa

Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, which set to begin production in 2025.

Several Southeast Asian countries have expressed interest in purchasing Vietnam's renewable energy. Therefore, some have urged the government to establish a legal framework for energy trading.

Solarvest said it has acquired rooftop solar projects totaling 12.8 MWp in Vietnam, with another 100 MWp being tendered in the country.

LEGO said its new $1 billion plant in Vietnam will begin operations in the second half of 2024. This will be LEGO’s first carbon-neutral factory, powered by solar energy.