Vietnam's active economic performance in recent years has captured the attention of some major European firms, said German English-language news site DW in a June 8 article. Vietnam's active economic performance in recent years has captured the attention of some major European firms, said German English-language news site DW in a June 8 article. Vietnam was one of the few Asian countries that...

A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam's strong economic performance in recent years has drawn the attention of European firms. Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021. This year,Vietnam's GDP is expected...

Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively. Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively. In May alone,...

Vietnam ranked 68th of 120 countries in the 2021 Open Budget Survey (OBS), up nine places from 2019 and 23 notches compared to 2017, according to the Ministry of Finance. It is notable that Vietnam has seen improvements in the scores of all the three measures, namely public participation, budget oversight and transparency, which have the respective scores of 17/100,...

For the last five years, Vietnam’s electricity demand has grown by 10% annually. Due to the country’s robust economic boom, population growth and heavy industrialisation and urbanisation, the trend is poised to continue. Notably, Vietnam’s recent effort to diversify its power mix with a heavy focus on investing in renewable energy places it in a prime position. Through this, the country...

The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations Climate Change Conference. A wind farm in Ninh Thuan Province (Photo: VNA) Under the planning, offshore wind power will be given priority in the near future. CEO of the Global Wind Energy...

The Master Plan serves as a basis for power development in Vietnam. All investment in the power sector must comply with the Master Plan. The most recent Master Plan is the Revised Master Plan VII from 18 March 2016 which adjusted the Master Plan for the period of 2011-2020 with a vision to 2030 (“Master Plan VII Revised”). The...

The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations Climate Change Conference. The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations...

This article is part of our partnership with the Green Economy Forum & Exhibition 2022, organized by EuroCham Vietnam, supported by Dezan & Associates Vietnam. Vietnam’s energy consumption will continue to grow as the economy recovers from the pandemic-induced downturn outstripping GDP growth. Tight deadlines will make it difficult for investors to benefit from revised feed-in-tariffs, but new investment mechanisms are being considered. Other...

Black & Veatch and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in Vietnam. TGS specialises in renewable energy project development, manufacturing and services. The announcement saw them appoint engineering firm Black & Veatch to study green hydrogen and green ammonia. Invest group Augustus Global Investments...