Page 6 - Power Development Plan News Today

Hanwha Energy Corporation Singapore Pte., Ltd - a member of South Korea’s Hanwha Group - in April-May 2023 lowered its ownership ratio in the KN Cam Lam and Cam Lam Solar power plant projects in the central province of Khanh Hoa from 70% to 19%.

EVN must learn from the shortage incidents in 2023 and make efforts to avoid major power incidents occurring during heat waves.

A draft decree on rooftop solar has been disseminated. The decree lists several important changes for the sector. Here are the details.

Last year's growth rate was 5.05 percent, thus placing Vietnam amongst the region’s fastest-growing economies

The importance of energy efficiency is not to be understated. The International Energy Agency estimates that energy efficiency improvements could contribute as much as 47 per cent of reductions in energy-related CO2 emissions achievable by 2030.

The expeditious execution of gas power, offshore wind power, and hydrogen projects is contingent upon the competent authorities formulating policies pertaining to these domains.

Despite ample opportunities in renewable energy, Vietnam needs to remove legal bottlenecks to facilitate the progress of solar, wind power, and liquefied natural gas projects.

Current obstacles in liquefied natural gas import costs and electricity selling prices mean it will be difficult for Vietnam to achieve its set targets for gas power capacity.

Despite falling slightly short of the year’s set target of 6.5 per cent, Việt Nam’s 5 per cent GDP growth has been assessed by international financial institutions as outperforming many economies given the ongoing global economic downturn.

Vietnam was able to report strong foreign investment attraction results for the whole 2023 on the back of efforts to improve the domestic investment climate.