Vietnam, Indonesia boost economic, energy cooperation
Vietnam and Indonesia boast huge potentials in energy collaboration, Indonesian Ambassador to Vietnam Ibnu Hadi highlighted at a conference held in Hanoi on June 16.
Coal exploitation in Quang Ninh (Photo: monre.gov.vn)
Hanoi (VNA) – Vietnam and Indonesia boast huge potentials in energycollaboration, Indonesian Ambassador to Vietnam Ibnu Hadi highlighted at aconference held in Hanoi on June 16.
The event drew the participation of numerous Indonesian coal exporters andVietnamese importers.
In the first four months of the year, Indonesia shipped more than 1.5 milliontonnes of coal to Vietnam, he said, adding that the country will export at least4.5 million tonnes of coal to its ASEAN peer.
The Indonesia Embassy in Vietnam will work to promote the connection betweenenergy businesses from the two countries to ensure sufficient supply, he stressed.
Regarding the coal demand of the Electricity of Vietnam (EVN), a representativefrom the group said that coal-fired power accounts for 30 percent of the totalelectricity generated nationwide of 42,000 MW.
Before 2016, most thermoelectricity plants used domestic coals, however, theneed for imported coals has shot up due to the development ofthermoelectricity.
In 2016, the country bought 680,000 tonnes of coal from foreign countries, thefigures expected to rise to 4.7 million tonnes in 2017, 11 million tonnes in2020 and 19 million tonnes in 2025.
On the occasion, businesses from both countries exchanged experience anddiscussed measures to boost cooperation.
Two-way trade stood at 5.5 billion USD in 2016 and both sides are targeting 6billion USD in 2017.-VNA
The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas.
Vietnam’s total coal export volume in the first four months of the year surged five times from the same time last year to more than 544,000 tonnes, according to the General Department of Customs.
Vietnam needs a long-term renewable energy development vision in line with international commitments to improve its economic efficiency and environmental quality, mitigate climate change and modernise industries.
PetroVietnam Power Corporation (PV Power), a wholly-owned subsidiary of the state-owned energy giant PetroVietnam, said it will sell a 49 percent stake late this year with priority given to strategic investors.
The Electricity of Vietnam (EVN)'s Power Generation Corporation 1 (EVNGENCO 1) produced nearly 12.4 billion kWh of electricity in the last five months, fulfilling 40.8 percent of the target set for the year.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Coal exploitation in Quang Ninh (Photo: monre.gov.vn) 
