Stay updated with breaking news from Power Development Plan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.