PM Nguyen Xuan Phuc (R) and IFC CEO Philippe Le Houerou, Ha Noi, August 15, 2019 – Photo: VGP/Quang Hieu PM Phuc stressed that the cooperation between Viet Nam and IFC has flourished not only in financial funding but also comments on macroeconomic and financial policies. The host leader took the occasion to brief his guest on the country’s current economic affairs with stable growth, good macroeconomic indexes, and increasing foreign investment. The cooperation and support from the IFC and WB have contributed to such achievements, he added. PM Phuc said that the potential of the private sector in Viet Nam. He said the sector can enjoy even stronger development with proactive support from the WB and IFC. The Government leader also took the occasion to seek the IFC’s support for Viet Nam to develop renewable energy and upgrade overloaded power lines in key areas. He also called on the IFC to back Viet Nam in environmental development, energy, … [Read more...] about VN seeks IFC’s support for renewable energy development
Consultants renewable energy
NSN, a pioneer in renewable energy
Continuing the success of the first solar power plant in Vietnam, TTC Phong Dien, NSN Construction & Engineering JSC, SHARP Japan Group, and GHC Investor (Thanh Thanh Cong Group) has built and inaugurated TTC Ham Phu 2 solar power plant on May 23, 2019. NSN has inaugurated TTC Ham Phu 2 solar power plant Economic and population growth are accelerating while natural energy sources are gradually exhausted, making the problem of environmental pollution and energy security more urgent than ever. Moreover, Vietnam has an average solar irradiation of 5kWh per sq.m a day and daylight hours of up to 1,700 -2,500 hours a year. With the government’s policy encouraging investment, NSN Construction & Engineering Joint Stock Company has quickly developed a strategic plan in the solar power sector, mainly focusing on mega solar factories and solar rooftop systems. With 16 years of experience in construction, EPC general contracting, and M&E contracting for industrial and … [Read more...] about NSN, a pioneer in renewable energy
Australia’s Macquarie Capital to invest in Vietnam’s renewable energy projects
The Hanoitimes - That Macquarie shows interest in large scale investment projects in Vietnam would be a big push and motivation for enterprises from Vietnam and Australia, the governmental portal reported. Australia Macquarie Bank returns as Yeah1's major shareholder Australia supports Vietnam in innovation Australia, Ireland help Vietnam’s rural women improve lives with technologies Australia-based Macquarie Capital, one of Australia and the world’s major investors, plans to invest in Vietnam’s clean and renewable energy projects, said the company’s Chairman and CEO John Walker. Deputy Prime Minister Trinh Dinh Dung (R) and Chairman and CEO of Macquarie Capital John Walker. Source: VGP. Macquarie Capital also considers taking part in other infrastructure development projects in Vietnam, Walker said in a meeting with Vietnam’s Deputy Prime Minister Trinh Dinh Dung on March 25. Walker suggested a transparent and favorable … [Read more...] about Australia’s Macquarie Capital to invest in Vietnam’s renewable energy projects
Renewable energy-led pathway vital for Vietnam
Illustrative image (Photo: VNA) Hanoi (VNS/VNA) – Renewable energy could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company on January 23. ‘Exploring an alternative pathway for Vietnam’s energy future’ evaluates how Vietnam could meet its growing energy demand at the lowest cost, with the least impact on public budgets and the least risk. “As one of the 18 outperforming emerging economies we identified globally, Vietnam needs more capacity to meet the rapidly growing energy demand it requires for sustainable growth. The path Vietnam chooses to build this capacity will have far-reaching implications on GDP growth potential, trade, environmental performance and energy security,” said Marco Breu, managing partner, Vietnam, McKinsey & Company. The research found Vietnam’s significant natural endowments of solar and wind power … [Read more...] about Renewable energy-led pathway vital for Vietnam
StoxPlus: Six key takeaways from Vietnam renewable energy conference
The panel discussion at StoxPlus and Eurocham's conference on renewable energy The conference themed "Challenges and Practical Solutions" in Ho Chi Minh City, lured more than 130 participants from various backgrounds, including energy companies, banks, investment funds, insurance, as well as consulting and law firms. The platform provided a forum to share insights on the current market landscape and project implementation, with contributions from the policy maker represented by the Electricity and Renewable Energy Authority (EREA) of the Ministry of Industry and Trade, and international and domestic market players, including institutional investor International Finance Corporation (of the World Bank Group), premier law firm VILAF, and experienced developer of renewable energy projects Bamboo Capital (BCG). Below are the key takeaways from the presentations and the panel discussion. First was to update on the progress of renewable energy (RE) projects, FiT changes, and PPA … [Read more...] about StoxPlus: Six key takeaways from Vietnam renewable energy conference