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
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Overview on Vietnam LNG projects
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
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
LNG – future of Vietnam’s energy
The Hanoitimes - Vietnam has been on way to pursue an energy transition that reduce carbon emission and develop renewable sources in an effort to combat climate change . Liquefied natural gas (LNG) has been considered a source of energy that is able to meet Vietnam’s rising power demand and clean enough in comparison with coal power which the country is advised to minimize from now on. Vietnam has been on way to pursue an energy transition that reduces carbon emission and develops renewable sources in an effort to combat climate change and there will be room in the country’s mix for fossil fuels as long as they are clean, a local expert has said. Dang Huy Dong, president of Vietnam’s Planning and Development Institute. Photo: MPI “Gas is by far the cleanest fossil fuel,” Dang Huy Dong, president of Vietnam’s Planning and Development Institute, said at the Future Energy Asia 2020 forum in Bangkok last month. Gas, particularly LNG, is the only meaningful … [Read more...] about LNG – future of Vietnam’s energy
VIETNAM BUSINESS NEWS FEB. 25
HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 25