The Hanoitimes - The move is part of VinFast`s plan to establish 30,000 - 50,000 charging stations and battery leasing nationwide. VinFast, the automobile subsidiary of Vietnam's largest privately-run conglomerate Vingroup, on October 25 signed a memorandum of understanding with PetroVietnam Oil (PV Oil) to build charging stations and lease battery for its electric cars and scooters, Vingroup said in a statement. Overview of the signing ceremony. Source: Vingroup. The move is part of VinFast's plan to establish 30,000 - 50,000 charging stations and battery leasing nationwide. In the first phase, PV Oil will provide 600 of its service stations for VinFast to deploy charging stations, which is expected to increase 20,000 by 2020. VinFast customers will be able to charge their vehicles or change their batteries at these stations. The cooperation is VinFast's first step of introducing its smart electric scooters by the end of 2018 and later electric … [Read more...] about VinFast cooperates with PV Oil for electric car’s charging stations
Electricity
Vietnam’s VinFast in deal with PV Oil for electric car charging stations
By Reuters  October 25, 2018 | 06:04 pm GMT+7 VinFast plans to launch between 30,000 and 50,000 charging stations nationwide by 2020. Photo by Reuters VinFast on Thursday signed a memorandum of understanding with PetroVietnam Oil Corp. to build charging stations for its electric cars and scooters. The company, a unit of Vietnam’s largest conglomerate Vingroup JSC, is building a $3.5-billion scooter and automobile complex in northern Vietnam, with its first production electric scooters slated to hit the streets late this year. Thursday’s agreement will pave the way for VinFast to deploy charging stations at 20,000 of PV Oil’s existing service stations in Vietnam by 2020, VinGroup said in a statement. This is part of VinFast’s plan to launch between 30,000 and 50,000 charging stations nationwide by 2020, it said. VinFast customers will be able to charge their vehicles or change their batteries at these stations, it added. VinFast Chief … [Read more...] about Vietnam’s VinFast in deal with PV Oil for electric car charging stations
Competitive electricity in Vietnam? It’s still far away
VietNamNet Bridge - More than one electricity generator and wholesaler exists in Vietnam, but the country still does not have a competitive electricity market. Vietnam is string for a competitive electricity market Tran Dinh Long, deputy chair of the Vietnam Power Association, under the Electricity Law and the Prime Minister’s Decision No 63, said Vietnam will experience three stages of development before a competitive electricity market is established. Vietnam plans to develop existing power companies into wholesale buying companies. However, it is necessary to prepare well for the development, especially the legal framework. But it is unclear when such a framework will be completed. Vietnam plans to develop existing power companies into wholesale buying companies. However, it is necessary to prepare well for the development, especially the legal framework. But it is unclear when such a framework will be completed.Consumers RELATED NEWS Power sector … [Read more...] about Competitive electricity in Vietnam? It’s still far away
Vietnam’s electricity wholesale market to open next year
Illustrative image (Source: VNA) Hanoi (VNA) - The competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period. Deputy Minister of Industry and Trade Hoang Quoc Vuong spoke about the development of the marketplace at a recent meeting in Hanoi. Vuong said the development of a competitive electricity market is a long-term plan for Vietnam’s electricity sector as mandated in the 2004 Electricity Law. The details of the plan were specified in the Prime Minister’s Decision 63/QD-TTg in 2013, which laid out the conditions and structure of the new market. The marketplace was to be developed in three distinct parts: the electricity generation market, the wholesale market and the retail market. The generation market started in 2012, and the wholesale market is expected to open next year. The final stage will be the development of the retail market. In the pilot period for the wholesale market, performance … [Read more...] about Vietnam’s electricity wholesale market to open next year
Competitive electricity market to officially function next year
Mr. Nguyen Anh Tuan, head of the Electricity Regulatory Authority of Vietnam (ERAV) under the Ministry of Industry and Trade said, the program was approved by the Prime Minister and started pilot operation on July 1, 2012. As of September this year, the country has had 87 power plants attending competitive electricity wholesale network with the total capacity reaching 22,946MW, up 2.8 times compared to that six years ago when there was only 31 plants. Currently, the program has only been applied in wholesale channel. Products of power plants that offer prices lower than other suppliers will be bought first to meet production and trading demand. Despite creating a mechanism for electricity producers to compete equally, the program has more benefited hydropower plants than thermal power plants according to some experts. Thermal power plants have paid high input cost which continuously fluctuates so they must offer prices according to material prices, they say. Mr. Phung Van Sinh, … [Read more...] about Competitive electricity market to officially function next year