In Short : Vietnam has approved a $136.3 billion power development plan to boost its energy capacity to 183–236 GW by 2030. The strategy emphasizes renewables, with targets for solar, wind, and reintroducing nuclear power. Coal’s share will drop significantly, supporting Vietnam’s 2050 net-zero goal. The plan also seeks to attract foreign investment despite recent […]
Vietnam Eyes Huge Wind and Solar Farms to End Coal Use by 2050 – EQ
In Short : Vietnam plans to eliminate coal power by 2050 through massive investments in wind, solar, and nuclear energy. Targeting 839 GW total capacity, with 66% from renewables, the country aims to meet rising energy demands sustainably. Offshore wind and solar will lead the shift, while old coal plants will be phased out, marking […]
Lego says factory in Vietnam will make toys without pumping out emissions – EQ
In Short : Lego has opened a $1 billion factory in Vietnam that will run entirely on clean energy by 2026. Equipped with rooftop solar panels, battery storage, and clean energy sourcing, the site supports Lego’s carbon reduction goals. The facility also features sustainable packaging, tree planting, and LEED certifications, aligning with Vietnam’s net-zero 2050 […]
Vietnam plans energy shift toward building more solar, less reliance on gas and coal – EQ
In Short : Vietnam is prioritizing solar energy development to reduce its dependence on gas and coal. The government plans to boost solar capacity, supported by incentives, streamlined policies, and grid upgrades. This shift aims to enhance energy security, meet rising demand, and align with Vietnam’s net-zero emissions target by 2050, marking a significant step […]
Chinese Energy Storage, Battery Firms Plan $1bn Vietnam Plants – EQ Mag
Two Chinese manufacturers of energy storage systems and batteries are eyeing collective investments worth more than a billion dollars in Vietnam, sources said, amid a growing push by firms from the mainland to expand their presence in their Southeast Asian neighbour. Vietnam, a global export hub, has been attracting global investments thanks to its array […]
India’s Adani Group weighs $3 billion investment in Vietnam – EQ Mag
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer […]
Vietnam sees disputes arising from energy transition – EQ Mag
Hanoi : Vietnam’s transition towards cleaner forms of energy has brought a greater risk of disputes distinctive to renewable energy projects, state media reported on Friday. The Vietnam International Arbitration Centre (VIAC) has recorded the increased risk of disputes arising from the sophistication of renewable projects, possibly resulting in dispute across several business activities, Vietnam […]
Chinese automaker BYD to make EVs in Vietnam – EQ Mag
The presence of BYD would pose a direct challenge to VinFast, a Vietnamese EV maker Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a […]
ADB Ventures Invests in Selex to Expand Electric Two-Wheeler Usage in VietNam
HA NOI, VIET NAM : The Asian Development Bank’s (ADB) venture capital arm ADB Ventures has signed an agreement to invest in an electric two-wheeler vehicle (E2W) and battery pack manufacturer, Selex Smart Electric Vehicles JSC (Selex), to reduce carbon emissions in high-usage applications such as last-mile cargo and passenger transport in Viet Nam. The […]