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Minister of Information and Communications Nguyen Manh Hung has emphasized that the biggest fear of youth is wasting time without learning anything valuable. Young people should get involved, and do what they never thought they could do. This was the message in a speech given by Mr. Hung at a youth event of the Viettel Group, when he was still Viettel’s General Director. VietNamNet would like to introduce the speech: Minister of Information and Communications Nguyen Manh Hung. Today, we are immersed in the atmosphere of Viettel youth, which is an atmosphere of creativity, daring to commit, being unafraid of difficulties, and full of aspirations. Each of us has only one life to live on and each life has only one passage called youth. Youth is also the time when people have the most opportunities to try their best. Youth in general and Viettel’s young people in particular have in hand the most valuable asset which is time. And many young people in Viettel do not let time pass by meaninglessly. They are brave to engage in things that even they do not think they can do. Today's world has changed a lot. The power and the way people use their powers have also been changing day by day and hour by hour. Artificial intelligence, Internet of things, social networks ... can make us stronger but can also engulf us at any moment. In the age of Internet, we can easily connect with millions of people but we are losing connection with ourselves, living without purpose, living under popular trends, not knowing what is valuable to us, not knowing what is our true strength. Today's young generation has a lot of strength but also faces many challenges. That means your generation has a lot of things to do. Our generation gave birth to Viettel, but the day when we leave Viettel will come. The responsibility today is all with you, with the younger generation Viettel. The wisdom of your generation is the wisdom of Viettel. No one else but you are the future of …

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GE's latest 9HA.02 turbine is accelerating the shift to LNG After a wave of investment in solar and wind power over the past two years, Vietnam is now witnessing strong interest in the field of electricity generated with the use of liquefied natural gas (LNG). A report by the Institute for Energy Economics and Financial Analysis (IEEFA) published in January stated that Vietnam has quickly become one of the most promising LNG import markets in Asia, and many domestic and international investors have expressed their desire to pursue projects in the country. They are encouraged by changes in government management that no longer sees coal-fired thermal power as the centre of the power system, as well as the rapid growth of renewable energy in the nation’s power structure. As such, investors have actively portrayed LNG as a cleaner source to replace coal and argue that gas-fired power units will be one of the main power sources required to feed public demand and supplement unstable renewable sources. The IEEFA report also stated, “Vietnam’s electricity industry has never seen a wave of investors expressing so much interest as they do now, that – with the accompanying diplomatic pressure – remains unprecedented in the country’s history.” Interest in LNG power may also be related to Resolution No.55/NQ-BCT on the orientation of Vietnam’s National Power Development Plan (PDP8), which emphasises the rapid development of LNG thermal power plants. However, at the same time, experts advise that priority must be given to developing LNG import and distribution infrastructures. According to the nation’s target until 2030, Vietnam must import 8 billion cubic metres of LNG per year, while the current rate is zero. The focus on LNG power generation is also attributed to its advantages, such as ensuring a stable power supply and minimising the impacts on the environment. “The third draft of the PDP8 for the period 2021-2030, with a vision to 2045, is proposing to …

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The latest draft of the country’s power development plan puts focus on renewable energy development – however, the Mekong Delta should see more attention in the development of renewables to protect its assets in the long run. Mekong Delta long-term future relying on renewables, illustration photo The latest draft of the National Power Development Plan 8 (PDP8) calculates with an expected commercial power capacity estimated at 491 billion kWh by 2030, and 877 billion kWh by 2045. To develop power capacity, the total installed power generation is planned to hit 137.2GW, contributed by 27 per cent coal-fired power, 21 per cent thermal gas, 18 per cent hydropower, and 29 per cent renewable energies, as well as 4 per cent imported energy by 2030. By 2045, the capacity of installed power is planned to be around 276.7GW, supplied by 18 per cent coal thermal power, 24 per cent thermal gas, 9 per cent hydropower, and 44 per cent of renewable energies, as well as 2 per cent of imported energy. “The PDP8 highlights the evolvement of renewables, in addition to hydropower, with a significant increase from 13 per cent in 2020 to nearly 30 per cent in 2030 and 44 per cent in 2045, while most other sources will be reduced,” said Le Anh Tuan, deputy director of Can Tho University’s Research Institute for Climate Change. In the view of Tuan, the draft PDP8 is different in many ways to its predecessor, removing 5,000MW of coal thermal power and significantly raising the contribution ratio of renewable energies. However, Tuan also raised some issues like capital sources, the suitability of green finance solutions, and banking that are all also mentioned in the Politburo’s Resolution No.55-NQ/TW dated October 2, 2020 on the orientation of Vietnam’s National Energy Development Strategy until 2030 and outlook to 2045. It will be tough for coal power projects to mobilise capital in the future, because numerous global financial institutions are divesting from …

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