Meanwhile, the sector has become more dependent on imports of raw input material. Vietnam has had to import coal and soon liquefied natural gas (LNG). By the ministry's projection, the country will have to import up to 60 million tonnes of coal and 12 million tones of LNG in 2030, which puts the country's energy security at risk without careful planning and strategy. … [Read more...] about Ministry proposes overhaul of investment framework for power projects
Private sector investment
MoIT proposes overhaul of investment framework for power projects
The minister said his ministry had been working on a power development plan for the country which outlined steps to be taken to address these issues including increased efforts to attract FDI investment and seeking government support for BOT projects. The plan is to be submitted to the Prime Minister no later than this October. … [Read more...] about MoIT proposes overhaul of investment framework for power projects
Vietnam’s energy sector a magnet for foreign investors
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 Province People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of US$10 billion. … [Read more...] about Vietnam’s energy sector a magnet for foreign investors
Foreign capital in wait for fresh policy move
On its side, CAM has translated the local policy proposals into Japanese for the use of investors in their home country and also worked on a capital attraction plan to scale up capital disbursement in the Vietnamese stock market when opportunities arrive. … [Read more...] about Foreign capital in wait for fresh policy move
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
