The Vietnamese government is drafting a new law to raise the guaranteed offtake (Qc) for LNG power from 65% to 75% of the annual electricity output of LNG projects.
That is the affirmation by VCCI Vice President Vo Tan Thanh at the Forum: "Promoting renewable energy for businesses: Solutions to issues raised in practice".
Vietnam is pushing for double-digit economic growth in the coming years, which is expected to drive annual electricity demand growth of 12-14%.
The recent approval for Vietnam’s eighth national power development plan (PDP8) has heated up discussions around business strategies of energy giants in the race to gain...
Resolving the challenges of gas and offshore wind projects is critical to achieving the goals of the Power Development Plan VIII (PDP8) and ensuring energy security to...
There are still issues to be resolved with the recently approved National Power Development Plan 8th (PDP8), namely how to attract and encourage private investors,...
The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate...
According to VNDirect, the PDP8 might benefit M&E and RE EPC contractors first, followed by wind power and gas-fired power plant developers.
The Prime Minister has officially approved the National Power Development Plan Eight (PDP8), opening up a new chapter for Vietnam power sector.
The power consumption growth in Vietnam will stay below the PDP8 forecasted level in 2023, said VNDirect.
Vietnamese renewable energy companies have issued billions of VND-denominated corporate bonds on the domestic market. None have yet approached the offshore market.
After a promising outcome in 1Q22, Vietnam's gas-fired electricity could continue to recover in 2022.
Coal-fired plants could remain competitive until international coal price cools down as China is having stern actions to recover coal supply, said VNDirect.
Solar power development could slow down from 2022F due to the elimination of FIT price and excessive capacity, said VNDirect.
Vietnam’s renewable energy (RE) power capacity has accelerated from 5.5% of total capacity in 2015 to quadruple in 2020. It is expected to grab the largest capacity...
VNDirect believed that gas-fired power will develop quickly in the following years and plays a vital role in Vietnam electricity.
The Ministry of Industry and Trade has released the final draft of the National Power Development Plan 8 (PDP8). What can we expect from this draft plan?
Vietnam has the best wind resources in Southeast Asia, featuring yearly average wind speed of 9-10 meters per second.
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