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Vietnam Power and Energy Update - 26 March 2024

PIC tracks the latest developments in Vietnam's power sector providing insight and analysis on the market and policy.

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Mitsui and EVN assess pilot offshore wind project opportunities

Mitsui and EVN have announced they are assessing opportunities for collaboration with respect to pilot offshore wind projects in Vietnam. Source


VinFast launches EV charging station company

VinFast has launched a new EV charging company, V-Green Charging Station. The company will partner with VinFast to develop a global EV charging network. Source Source


World Bank to buy 1 million tons of carbon from Vietnam at $5 per ton

The World Bank (WB) is set to acquire an additional 1 million tons of carbon at $5 per ton under the Emission Reduction Purchase Agreement (ERPA). The EPRA was launched in 2020 with the Ministry of Agriculture and Rural Development. Source


Novatak Group interested in the LNG market in Vietnam

Novatek, Russia largest LNG producer, plans to increase its investment Vietnam's LNG and gas market and expand its partnership with Zarubezhneft in the country. Source


SK Ecoplant ties up with BCG Energy to co-develop 700 MW of renewable energy

SK Ecoplant and BCG Energy have announced development of 700 MW of renewable energy project capacity in Gia Lai province. The joint venture includes 30 MW of onshore wind, 300 MW of rooftop solar, and 100 MW of ground-mounted solar. Sources

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