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 […]
New ADB partnership prioritizes Vietnam energy storage efforts, Indonesia coal phase-out – EQ Mag
Vietnam to further delay rules for multi-billion-dollar wind power – EQ Mag
HANOI : Vietnam may not have a legal framework to regulate offshore wind farms until next year, a European Union business representative said on Thursday, a delay that could stall billions of dollars of foreign investment in the sector. Vietnam has big offshore wind power potential given the strong winds and shallow waters near coastal […]
LONGi donates scholarships and computer rooms to schools in Vietnam – EQ Mag
LONGi has donated VND 50 million in scholarships and computer rooms worth over VND 200 million to three Vietnamese schools, each of which received 20 new computers. Duohu Zhao, General Manager for LONGi Vietnam, represented the company at each of the schools – Tran Nguyen Han, Nham Bien so 1 and Phuc sơn 1 – […]
G7 agrees $15.5 billion energy deal with Vietnam to cut emissions – EQ Mag
BERLIN : A group of nine rich industrialized nations approved a deal to provide Vietnam with $15.5 billion to help the Southeast Asian nation move faster from coal power to renewable energy, cutting its climate-damaging pollution. The Group of Seven major economies, along with Norway and Denmark, said in a statement that the aim is […]
G7 makes new $15 billion offer to Vietnam to cut coal use – EQ Mag
HANOI : The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transition away from coal, three people familiar with the talks told Reuters. Vietnam, which is among the world’s top 20 coal users, was initially […]