Illustrative photo (GETTY IMAGES) Vientiane (VNA) – Laos is among 15 countries worldwide receiving the biggest investment from China in the energy sector, Vientiane Times on October 15 quoted a World Bank report as saying. By 2017, China’s investment in the field in Laos hit 15 billion USD and is expected to continue rising in the years to come, said the report. China is now one of the largest investors in the hydropower sector in Laos, engaging in about half of the total number of hydropower projects in the Southeast Asian nation. According to data of the International Rivers, China’s hydropower projects in Laos include the 2.4 billion USD Pak Beng, the 2 billion USD Ban Ou, Nam Kham 3, Nam Beng, Nam Leuk 1 and 2, Nam Ngum 5, Nam Mang and Nam Phay plants. The energy sector has made significant contributions to Laos’ annual budget and played an important role in the country’s economic development. The Lao Ministry of Energy and Mines said that Laos is … [Read more...] about Chinese investment in Laos’ energy sector tops 15 billion USD
Energy sector
Thai investors jump into renewable energy sector in Vietnam
Thai investors are behind some of the largest recent deal in renewable energy Most recently, B. Grimm Power Plc., through its subsidiary B Grimm Renewable Power 2 Ltd., has completed the $35.2 million acquisition of its solar photovoltaic power project in Vietnam as part of the expansion of its portfolio of overseas renewable power projects. Notably, B. Grimm bought an 80 per cent stake in Phu Yen TTP JSC, the project company investing and developing a 257MW PV scheme in the south central coastal province of Phu Yen. The remaining part of the project will be developed by Truong Thanh Vietnam Group JSC (TTVN). The above deal is part of SET-listed B. Grimm's rapid expansion of power generation equity in Thailand and overseas. At the same time, TTVN Group completed the sale of 80 per cent stake in the Binh Nguyen solar power project in Quang Ngai to Sermsamg International Co., Ltd. for $17.6 million. Vietnam currently has a wind power capacity of 140MW, with a goal to reach 6,000MW … [Read more...] about Thai investors jump into renewable energy sector in Vietnam
Vietnam stocks mixed, energy sector up
Vietnamese shares were mixed on Wednesday morning with strong growth in the energy sector, while capital continued to switch from large-cap stocks to mid-cap and small-cap groups. The VN Index on the HCM Stock Exchange inched up 0.16 per cent while the HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent. - Photo ndh.vn The benchmark VN Index on the HCM Stock Exchange inched up 0.16 per cent to close at 935.54 points. It fell 0.28 per cent on Monday. The HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent to end at 105.39 points. In the previous two sessions, the northern market index fell a total of 1.92 per cent. More than 150.8 million shares were traded on the two local exchanges, worth VND2.59 trillion (US$115 million). Energy stocks led the market, following recent gains of global oil prices. Brent crude rose 0.65 per cent to trade at $73.92 a barrel. Vietnamese energy stocks dragged the sector up 1.4 per cent, including PetroVietnam Drilling and Well … [Read more...] about Vietnam stocks mixed, energy sector up
VN stocks mixed, energy sector up
The VN Index on the HCM Stock Exchange inched up 0.16 per cent while the HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent. — Photo ndh.vn Vietnamese shares were mixed on Wednesday morning with strong growth in the energy sector, while capital continued to switch from large-cap stocks to mid-cap and small-cap groups. The benchmark VN Index on the HCM Stock Exchange inched up 0.16 per cent to close at 935.54 points. It fell 0.28 per cent on Monday. The HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent to end at 105.39 points. In the previous two sessions, the northern market index fell a total of 1.92 per cent. More than 150.8 million shares were traded on the two local exchanges, worth VND2.59 trillion (US$115 million). Energy stocks led the market, following recent gains of global oil prices. Brent crude rose 0.65 per cent to trade at $73.92 a barrel. Vietnamese energy stocks dragged the sector up 1.4 per cent, including PetroVietnam Drilling and Well … [Read more...] about VN stocks mixed, energy sector up
Envision and Hitachi Zosen enter Vietnamese renewable energy sector
The renewable energy sector and environmental projects continue to attract foreign capital investment, with many projects substantial in size and affirmed for implementation. Envision and Hitachi Zosen both see great potential in the Vietnamese renewable energy sector Envision affirms putting $660 million into wind power project Speaking with VIR, Ta An Quang, director of Envision Corporation’s projects in Vietnam, indicated that the company is planning to put $660 million into a wind power project in Vietnam. According to the plan, the project will be based in Soc Trang province. It will be built on an area of 9.2 hectares and have a capacity of 300MW. “Although Soc Trang has great potential to develop wind power projects, there has never been a project like this in operation,” said Quang. In addition, a representative of Envision declared that Soc Trang is not the only location in Vietnam with the potential for wind power—many other … [Read more...] about Envision and Hitachi Zosen enter Vietnamese renewable energy sector