Vietnam is now facing big pressure to carry out its energy transition in a greener manner, with the government advised to place high priority on limiting coal-fired power development while developing more renewable energy.

In 2022-2030, Vietnam plans to shift to using electric vehicles for road transport. By 2050, 100 percent of buses and taxis would use electricity and green energy.

With the pandemic still complicated and natural disasters becoming more frequent and devastating, Vietnam needs to focus on driving sustainable energy transition, according to the 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG).

With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.

After the 2021 United Nations Climate Change Conference, commonly referred to as COP26, the Ministry of Industry and Trade (MoIT) was asked to review the Draft Power Development Planning 8.

At the 26th Conference of Parties to the United Nations Framework Convention on Climate Change (COP26), Vietnam committed to implementing a roadmap for transition to clean energy and end use of coal energy, mainly coal fired power plants.

Prime Minister Pham Minh Chinh said Vietnam’s attendance at COP26 once again affirms its commitment to cutting carbon emissions to zero by 2050, and calls for fairness and justice in climate change issues.

The Mekong Delta city of Can Tho on April 21 launched a project on promoting low-carbon transformation in the energy sector for the 2020-2030 period and with a vision to 2050.

Chaleun Sekong Group has spent $97.83 million on buying up Hoang Anh Gia Lai Hydro Power JSC, despite news that the company operates without profit.

The significant increase in temperatures, a longer dry season and shorter rainy season, rising sea water levels, and stronger southwest and northeast monsoons in the future could be advantages for the development of renewable energy projects.

VietNamNet Bridge – Viet Nam has seen the greatest rise in the proportion of electricity generated through renewables in ASEAN,

 VietNamNet Bridge – The power industry in Con Dao island district in the southern province of Ba Ria – Vung Tau, aims to produce 11 million kWh of electricity in 2015, a yearly rise of 6 percent, to maximise local tourism.

 VietNamNet Bridge – HBRE Wind Power Solution Ltd. and Huy Hoang Transportation & Logistics Corporation signed a framework agreement for a comprehensive strategic partnership to promote investment efficiency

Years ago, when mentioning Truong Sa (Spratly) Islands people used to think of its scorching sun and harsh winds. But now those unfavorable weather conditions have changed into a green energy resource.

 Denmark is seeking cooperation with Vietnam in the energy sector on the back of its effective use of renewable energy.