Greenhouse gas

HCM City (VNS/VNA) - National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors. The economy is expected to grow at 6.5-7.5 percent annually until 2030, and would require 90,000MW of power by 2025 and 130,000MW by 2030. At the 2020 Vietnam Energy Summit in July in Hanoi a number of deals for investment in energy projects were signed, including the memorandum of understanding by the Copenhagen Infrastructure Partners, Asiapetro and Novasia Energy with the Binh Thuan Provincial People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of 10 billion USD. Many investors said Resolution No 55-NQ/TW for strategic orientations for national energy development through 2030 has created a favourable environment to invest in the country’s power sector. The resolution prioritises renewable and clean energy, offering foreign … [Read more...] about Vietnam’s energy sector a magnet for foreign investors

Over its two decades of operations, JTI Vietnam not only focuses on economic development but now also fully integrating social responsibility as well as environmental protection in its sustainable development business strategy, which are reflected through many and varied nationwide programs. JTI’s approach to sustainability is not only focused on encouraging us to make the right decisions for our company, but also for our people, our suppliers, our customers, and society while preserving natural resources. … [Read more...] about JTI Vietnam aims at Net Zero carbon emissions

At the workshop, delegates agreed that to develop a carbon market, the government should use market mechanism for emission facillities to follow by either changing operations, reducing emissions, or paying to offset their emissions. Delegates also agreed that carbon pricing can be implemented by many different instruments but must be suitable with the conditions of each country, ensuring sustainable development of the country, enterprises, and community. … [Read more...] about Carbon pricing instrument should be driven by national conditions

Feed-in tariffs (FIT) for solar power were considered too high, and though they fell quickly as technology improved from 9.35 US cents per kilowatt-hour in 2017 to 7.09 cents last year for plants on land, they remain quite high compared with other countries. … [Read more...] about VN energy sector a magnet for foreign investors

Hoang Tien Dung, director of the Electricity and Renewable Energy Authority, said: “Existing regulations allow the [sale] of projects to eligible foreign investors. Transferring projects and changing shareholders need approval from the Ministry of Planning and Investment or the Department of Planning and Investment depending on scale." … [Read more...] about Vietnam’s energy sector a magnet for foreign investors