The Hanoitimes - LNG is believed to be a major source in Vietnam's power mix capacity of roughly 130 GW by 2030. Vietnam has drafted a new master power development plan in which liquefied natural gas (LNG) will be a major source of energy for the country with two-digit annual energy demand growth by 2030. LNG is a major source in Vietnam's power mix energy by 2030. Photo: PV GAS Vietnam's Institute of Energy has compiled a list of 22 LNG power plants with the first to be operational by 2023. To make the goal achievable, Vietnam has planned to develop infrastructure capable of importing 8 billion cubic meters (cu.m) of LNG a year by 2030, including LNG from the US that has a widening trade imbalance with Vietnam. The following proposed LNG projects in Vietnam will provide an overview on the country’s LNG landscape in the future, Reuters has reported. 1/ Thi Vai LNG Terminal & Nhon Trach 3, 4 Power Plants is located in the southern province of Ba … [Read more...] about Overview on Vietnam LNG projects
Investigatory project organic fertilizer
Vietnam cancels 400 small hydropower projects
The Hanoitimes - Vietnam’s environmental ministry is not encouraging development at all costs of small hydropower projects. The National Assembly has disapproved more than 400 small hydropower projects which fail to meet regulations on preventing flood and water, according to Minister of Natural Resources and Environment (MoNRE) Tran Hong Ha. Minister of Natural Resources and Environment Tran Hong Ha. Photo: toquoc Minister Ha told local media on October 24 that the large-scale hydropower plants are well complying with the flood prevention and water regulations for the dry season. Therefore, the MoNRE is not encouraging the development at all costs of small hydropower projects. The minister stressed that the historic flood in the central region has been caused by climate change. This is a combination of several natural disasters at the same time with the scale unseen for decades. The ministry has considered that development of small hydropower plants … [Read more...] about Vietnam cancels 400 small hydropower projects
Vietnamese firms to provide foundations, harbor services for La Gan wind power project
Vietnamese firms to provide foundations, harbor services for La Gan wind power project The Saigon Times The signing ceremony of four memorandums of understanding between the La Gan Wind Power Development Corporation and four Vietnamese suppliers - PHOTO: EMBASSY OF DENMARK IN VIETNAM HCMC – Four Vietnam-based contractors--CS Wind Corporation, PTSC Mechanical and Construction, Southern Petroleum Construction JSC and Vietsovpetro--will provide foundation and harbor services for the La Gan offshore wind farm project in the central province of Binh Thuan. On February 24, the La Gan Wind Power Development Corporation, the developer of the 3.5-gigawatt offshore wind farm project owned by Copenhagen Infrastructure Partners, Asiapetro and Novasia, virtually signed four memorandums of understanding (MOUs) on foundation supply and harbor services with the four contractors, the Embassy of Denmark said in a statement. The supply of foundations and harbor infrastructure is … [Read more...] about Vietnamese firms to provide foundations, harbor services for La Gan wind power project
Vietnam needs US$320.6-billion for power industry by 2045
The Hanoitimes - Developing renewable energy sources are a priority of the National Power Development Plan VIII. The Ministry of Industry and Trade has predicted that Vietnam will need an investment of US$320.6 billion for developing the national power industry in the 2021-2045 periods. Cat Tuong solar project in the southern province of Long An. Photo: Cat Tuong company It is a major content in the draft National Power Development Plan VIII (PDP VIII) for which the Institute of Energy under the Ministry of Industry and Trade is collecting feedback from the relevant agencies. Vietnam’s electricity output is forecast to rise to 877 billion kWh by 2045 to meet the growing demand for economic expansion, according to the PDP VIII. By 2030, the power industry will need an investment of US$128.3 billion in building electricity generation and the power grid. The total investment in the 2031-2045 period will be some US$192.3 billion. Total installed … [Read more...] about Vietnam needs US$320.6-billion for power industry by 2045
Vietnam’s economy to be Southeast Asia’s growth leader in 2021: Nikkei
In its article, the leading financial newspaper of Japanese media giants Nikkei Inc., said Vietnam is targeting a growth rate of 6.5% this year. The agency stated Vietnam’s exports will likely continue to be supported by US tariffs on Chinese goods and that in order to avoid US tariffs, importers have shifted demand from China to alternative suppliers, with this trend likely to continue. According to the agency, before the pandemic, Southeast Asia achieved collective annual growth of about 5% for many years, making it one of the world's best-performing regions. The region also became an attractive investment destination, with a relatively young population driving demand and providing plenty of labour. These advantages remain in place, but first the region needs to stamp out COVID-19. Nikkei also reported that Southeast Asian economies are aiming to this year regain the growth momentum they had before the COVID-19 pandemic caused historic declines in 2020. A look at early … [Read more...] about Vietnam’s economy to be Southeast Asia’s growth leader in 2021: Nikkei