INDUSTRY

The Hanoitimes - Private capital is important in the context of upper limit of public debts and double-digit growth in energy demand. Vietnam considers purchasing solar energy through auction. Foreign investors enter Vietnam’s renewable energy industry through M&A UK’s Enterprize Energy proposes US$12-billion wind power project in Vietnam Renewable energy projects spur foreign investment surge Foreign giants start targeting Vietnam’s energy market Vietnam's renewable energy market may offer immense opportunities for G7 investors: PM Vietnam, which requires new investments of about US$10 billion annually frontloaded through 2030, should address comprehensively the constraints currently impeding the flows of domestic and cross border private capital into energy sector, the World Bank (WB) has said in a report.    Illustrative photo “Given the limited fiscal space and the reduction of concessional financing available going … [Read more...] about It’s time for Vietnam to lure private capital into energy: World Bank

The Hanoitimes - Private capital is important in the context of upper limit of public debts and double-digit growth in energy demand. Vietnam's renewable energy market may offer immense opportunities for G7 investors: PM Foreign giants start targeting Vietnam’s energy market UK’s Enterprize Energy proposes US$12-billion wind power project in Vietnam Renewable energy projects spur foreign investment surge Foreign investors enter Vietnam’s renewable energy industry through M&A Vietnam considers purchasing solar energy through auction. Vietnam, which requires new investments of about US$10 billion annually frontloaded through 2030, should address comprehensively the constraints currently impeding the flows of domestic and cross border private capital into energy sector, the World Bank (WB) has said in a report.    Illustrative photo “Given the limited fiscal space and the reduction of concessional financing available going … [Read more...] about Private capital needed for Vietnam’s energy: World Bank

The Hanoitimes - EVN needs to invest in power generation projects to ensure the growth of 9.9% in power consumption in 2019. No excuse for coal shortage in generating power: Deputy PM tells Vinacomin Vietnam seeks solutions for power shortage by 2020 Vietnam may face power shortage in 2019 due to thin coal supply: EVN Vietnam suffers power shortage risk amidst uncompetitive prices Vietnam’s Deputy Prime Minister Trinh Dinh Dung has again asked Vietnam Electricity (EVN), the sole power distributor in the country, to ensure sufficient power for economic growth.    Deputy PM Trinh Dinh Dung at a meeting on Jan 3. Photo: Chinhphu The request was made after the sole power distributor had new general director, Tran Dinh Nhan, who was director of EVN Central Power Corporation (EVNCPC).  EVN in recent months has warned that the country may face power shortage in 2019 if coal supply was not enough to feed thermal power plants. Accordingly, the … [Read more...] about EVN ordered to ensure sufficient power for economic growth

The Hanoitimes - The export volume rose 55% on year, according to the Vietnam Cement Association (VNCA). Vietnam is world’s third largest cement producer Vietnam’s cement oversupply may reach 36-47 million tons by 2020 Cement producers post strong export growth Vietnam reaped an estimated of US$1.2 billion from exporting 31.65 million tons of cement in 2018, the highest-ever export value in this sector so far.  A cement production line. Photo: Vicemtamdiep.com.vn The export volume rose 55% on year, the Vietnam Cement Association (VNCA) said, giving no comparative figures. Cement for export: Photo: VNS Worries remain  Vietnam’s cement is now priced at US$48-50/ton in the international market, compared to US$65/ton from Thailand, US$100/ton from the Philippines and US$102/ton from Indonesia, according to Vietnam Cement Industry Corporation (VICEM).  Linh Pham … [Read more...] about Vietnam’s cement exports hit record high, topping US$1 billion

The Hanoitimes - December rounded off a positive year for Vietnamese manufacturers, with the average PMI reading the highest for any calendar year since the survey began in 2011. Vietnam PMI rises to 7-year high in November Vietnam’s PMI rebounds in October Vietnam PMI drops to 10-month low in September The headline Nikkei Vietnam Manufacturing Purchasing Managers' index (PMI) posted 53.8 in December, signaling a further solid improvement in the health of the Vietnamese manufacturing sector, according to Nikkei and IHS Markit. Although down from November’s near-record reading of 56.5, the latest figure was in line with the average for 2018 as a whole. December rounded off a positive year for Vietnamese manufacturers, with the average PMI reading the highest for any calendar year since the survey began in 2011.  Output continued to increase in December, with growth softening from that seen in November but remaining solid nonetheless. The same was true for … [Read more...] about Vietnam’s PMI shows solid improvement in manufacturing sector