Renewable energy engineer

Given that Vietnam’s population, economy, and energy consumption are all expected to continue to rise over the coming years, renewable energy is one of the industries that has attracted the attention of foreign investors seeking merger and acquisition (M&A) prospects in Vietnam. Some foreign-invested energy groups in the past have benefited from Vietnam’s previous tariff schedule, Photo: Shutterstock However, while Vietnam witnessed 10 big M&A deals last year, so far 2022 has seen only two deals announced. Vaibhav Saxena from Vietnam International Law Firm told VIR, “In the past 3-4 months there has been a market slowdown. The issue is the lack of a feed-in tariff (FiT) rate to calculate returns on investment, and competitive market regulations are yet to be seen. We will see an enormous interest from foreign investors after we have the tariff policy in place. Now, it is more about asset management and diversifying investments that have a cash flow in the … [Read more...] about Potential energy investors clamour for regulation clarity

Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories

A feasibility study contract was signed at the end of last month by MTBS and the investor of a superport in northern Vinh Phuc province, 60km from Hanoi. Construction began last December for the Vinh Phuc Inland Container Depot Logistics Cente, to be known as Vietnam SuperPort. It is funded by YCH Group, a Singaporean integrated end-to-end supply chain management and logistics partner, and Vietnamese conglomerate T&T Group. A graphic design of the Vinh Phuc ICD Logistics Centre (Source: vietnamnet.vn) The $200 million, 83-hectare land plot with a designed cargo capacity of about 850,000 TEU will be finished before 2025. According to YCH Group, the SuperPort project will adopt technological advancements such as AI and automation that will help future-proof the logistics industry and enable the delivery of a more integrated, faster, safer, and more sustainable supply chain. Over the past 20 years, Singaporean developers have also entered Vietnam to build hundreds … [Read more...] about More green property trends incoming

According to the Vietnam Textile and Apparel Association (Vitas), greening the textile and apparel sector has become a global trend that local firms must follow to reach sustainable development targets and scale up export into key markets like the EU and United States. It would be particularly significant as new-generation free trade agreements with Vietnam’s engagement all feature the commitments for environmental protection and emission reduction, Vitas stated. This would require firms to invest in cutting-edge production technology which also entails mounting challenges. “Funding is a big issue, particularly as 90-95 per cent of units in the textile and apparel sector are of small and medium size,” said Truong Van Cam, Vitas’ deputy chairman. Currently, most firms in the textile and apparel supply chain performing export processing for global brands have been mandated to satisfy set requirements on environmental, social, and emission reduction standards, among … [Read more...] about Textile and apparel firms increasingly going green

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 10. -The question-and-answer session as part of the 14th session of the 15th National Assembly (NA) Standing Committee started on August 10 with questions on issues under the management of the public security ministry. Opening the session which was broadcast live on national television and radio, NA Chairman Vuong Dinh Hue said that basing on proposals of 58 NA deputy delegations, the NA Standing Committee has chosen two groups of issues for the Q&A session – those under the jurisdiction of the Ministry of Public Security, and the Ministry of Culture, Sports and Tourism. Read full story - Minister of Public Security Gen. To Lam provided more information about the new passport version of Vietnam while fielding questions from full-time lawmakers at the 14th session of the National Assembly (NA) Standing Committee on August 10. He said the granting of the new … [Read more...] about ☕ Afternoon briefing on August 10

LG Display Vietnam in the northern province of Hai Phong. — Photo congthuong.vn The Hai Phong Economic Zone Authority (HEZA) on Wednesday organised an investment promotion with supporting businesses of the Republic of Korea’s multinational conglomerate corporation LG. The RoK participants expressed their wish to invest or expand their current investment in the northern port city. Head of the HEZA management board Le Trung Kien introduced to investors Hai Phong’s advantages, including the largest deep-water port in the north, a direct flight route to the RoK’s Incheon International Airport, and the teaching of the Korean language at school. The local economic zones currently house 102 RoK-funded projects worth US$8.53 billion, accounting for 88.4 per cent of capital channeled into the city by Korean investors. In the past seven months, RoK businesses in Hai Phong saw their revenue and number of labourers growing by nearly 20 per cent and 15 per cent, respectively. LG has so … [Read more...] about Hai Phong introduces investment opportunities to RoK firms