Energy efficiency for green building

A feasibility study contract was signed at the end of last month by MTBS and the investor of a superport in northern Vinh Phuc province, 60km from Hanoi. Construction began last December for the Vinh Phuc Inland Container Depot Logistics Cente, to be known as Vietnam SuperPort. It is funded by YCH Group, a Singaporean integrated end-to-end supply chain management and logistics partner, and Vietnamese conglomerate T&T Group. A graphic design of the Vinh Phuc ICD Logistics Centre (Source: vietnamnet.vn) The $200 million, 83-hectare land plot with a designed cargo capacity of about 850,000 TEU will be finished before 2025. According to YCH Group, the SuperPort project will adopt technological advancements such as AI and automation that will help future-proof the logistics industry and enable the delivery of a more integrated, faster, safer, and more sustainable supply chain. Over the past 20 years, Singaporean developers have also entered Vietnam to build hundreds … [Read more...] about More green property trends incoming

According to the Vietnam Textile and Apparel Association (Vitas), greening the textile and apparel sector has become a global trend that local firms must follow to reach sustainable development targets and scale up export into key markets like the EU and United States. It would be particularly significant as new-generation free trade agreements with Vietnam’s engagement all feature the commitments for environmental protection and emission reduction, Vitas stated. This would require firms to invest in cutting-edge production technology which also entails mounting challenges. “Funding is a big issue, particularly as 90-95 per cent of units in the textile and apparel sector are of small and medium size,” said Truong Van Cam, Vitas’ deputy chairman. Currently, most firms in the textile and apparel supply chain performing export processing for global brands have been mandated to satisfy set requirements on environmental, social, and emission reduction standards, among … [Read more...] about Textile and apparel firms increasingly going green

Given that Vietnam’s population, economy, and energy consumption are all expected to continue to rise over the coming years, renewable energy is one of the industries that has attracted the attention of foreign investors seeking merger and acquisition (M&A) prospects in Vietnam. Some foreign-invested energy groups in the past have benefited from Vietnam’s previous tariff schedule, Photo: Shutterstock However, while Vietnam witnessed 10 big M&A deals last year, so far 2022 has seen only two deals announced. Vaibhav Saxena from Vietnam International Law Firm told VIR, “In the past 3-4 months there has been a market slowdown. The issue is the lack of a feed-in tariff (FiT) rate to calculate returns on investment, and competitive market regulations are yet to be seen. We will see an enormous interest from foreign investors after we have the tariff policy in place. Now, it is more about asset management and diversifying investments that have a cash flow in the … [Read more...] about Potential energy investors clamour for regulation clarity

The eighth edition of the biennial World Cities Summit returned to a fully in-person conference format at the Sands Expo and Convention Centre in Marina Bay Sands after a largely virtual summit last time out. At the event, numerous examples were outlined of global cities responding to urban challenges in terms of how to be more resilient, sustainable, and cohesive. The theme of this year’s summit, “Liveable and Sustainable Cities: Emerging Stronger”, was crafted to reflect the urgent and important imperative that economic growth can no longer be pursued at the expense of climate change and environmental degradation. Maimunah Mohd Sharif, executive director of the UN Human Settlements Programme said at the summit that the world has had enough policies, strategies, and innovations. “What we are lacking are actions and we need to act now. This is the time to support multilateralism,” Sharif said. “The pandemic woke us up to really look at the design and focus on housing, climate … [Read more...] about Building cities fit for human needs

Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories

PetroVietnam engineers exert efforts to fulfil the set target. (Photo: PetroVietnam) Hanoi (VNA) - In the second half of 2022, the Vietnam Oil and Gas Group (PetroVietnam) will continue to keep a close watch on market developments. The goal is to monitor world crude oil prices and market fluctuations to optimise reserves and operate oil production efficiently to stay in the black. Opportunities brought into full play, helping crude oil exploitation exceed target by 22% The world’s crude oil price dropped sharply in July and remains on a downward trend. The average price of Brent crude oil in July fell 9% month-on-month. In early August, the price continued to decline and fell to the lowest level since before the Russia-Ukraine conflict. The average price of petroleum products last month also decreased by 13-22% compared to that in June. In addition, the mobilisation of gas-fueled power is still low compared to the plan, and in the coming months, the demand for gas used in … [Read more...] about PetroVietnam optimises market fluctuations to keep oil production in the black

Illustrative image (Source: VNA) Hanoi (VNA) – Over the past 30 years, industrial parks (IP) and economic zones (EZ) across the country have attracted over 100 billion USD of investment, and created jobs for more than 4 million labourers, according to the Ministry of Planning and Investment (MPI). The ministry is drafting a Government resolution on measures to increase IP, EZ efficiency. It said IPs and EZs account for 50% of the country’s total export value. However, the ministry pointed to a number of problems related to the IPs and EZs, including their unsustainable development in different aspects. Living conditions of local communities where the zones are located have not seen remarkable improvements. In the draft resolution, the MPI suggested the building of a Law on IPs and EZs in 2022, and the issuance of a Prime Minister’s decision on the coordination mechanism among ministries, sectors and localities in managing IPs and EZs. The draft also looked to … [Read more...] about Industrial parks, economic zones attract over 100 billion USD over 30 years