As for Ha Long Cement, its total assets were VND5.361 trillion before restructuring, payable debts were VND8.029 trillion and accumulative losses VND3.649 trillion. The Ministry of Finance then had to pay Ha Long’s debts to foreign banks, totaling 52.2 million euros. … [Read more...] about How have the so-called ‘iron fists’ performed after restructuring?
Energy xxi restructuring plan
Since 2015, Vietnam has shifted from being a net exporter to a net importer of energy. Imports of coal, and oil and gas, two sources of raw materials that account for a major proportion the country’s primary energy supply, has been rising steadily during this period, an MoIT report has said. … [Read more...] about Vietnam advised to restart nuclear energy program
Discussing the oil and gas sector, Nguyen Anh Duc of the Vietnam Petroleum Institute said many targets in the gas industry however have yet to be met: production of liquefied petroleum gas is less than 50 percent, while petrochemical production only meets 25 percent of demand. … [Read more...] about Work underway on first ever national energy master plan
Meanwhile, the feed-in tariff (FiT) for wind is worrying investors. Under the regulations, the FiT is 8.5 US cents per kilowatt-hour for wind power projects on the mainland and 9.8 US cents per kWh for offshore schemes. The rates are applied to wind power plants connecting to the national grid and beginning generation before November 1, 2021. … [Read more...] about New projects add drive to local energy sector
In late 2019, in its joint statement, an alliance of organizations asked the government to suspend the implementation of some coal-fired power projects in order to assess the feasibility of the projects in terms of finance, impact on health, environment and social security. … [Read more...] about Energy security: Vietnam says ‘no’ to coal-fired thermopower