Vietnam set to become Southeast Asia renewable energy leader: conference
With its abundant resources and soaring demand for clean energy, Vietnam is poised to become a regional leader in renewable energy, heard a recent conference organised by Forbes Vietnam.
Speakers at a conference on opportunities for investment in renewable energy in Vietnam organised by Forbes Vietnam on June 30. (Photo: VNA)
HCM City (VNS/VNA) - With its abundant resources andsoaring demand for clean energy, Vietnam is poised to become a regional leaderin renewable energy, heard a recent conference organised by Forbes Vietnam.
Ha Dang Son, Deputy Director of Vietnam Low Emission EnergyProgramme II (V-LEEP II), highlighted the country’s attractive prospects forlocal and foreign investors in renewables.
“Vietnam’s vast renewable resources, growing energy demand andsupportive governmental policies are major contributing factors.”
Its ample solar resources offer favourable conditions forinvestors as do its extensive coastline and favourable wind conditions, hesaid.
Its well-established agricultural sector generates substantialbiomass waste, which can be utilised for energy generation, Son said.
The Government approved in May a power development master planthat prioritises renewable energy, he said.
The plan includes an ambitious target to generate 20% of thecountry’s electricity from renewable sources by 2030.
Experts pointed out the country requires 135 billion USD for powerplant and transmission grid development by 2030, and over 500 billion USD by2050.
They highlighted the need for foreign investment, green credit anddomestic private capital to achieve the transformation towards a sustainableenergy model.
They also spoke about the major challenges faced by investors suchas uncertainty and inconsistency in the Government’s renewable energy policiesand regulations.
Trinh Quoc Vu, CEO of a HCM City-based renewable energy company,said the shortage of infrastructure to accommodate the rising renewable energycapacity is another obstacle.
Dang Quoc Toan, Chairman and General Director of the AsiaPetroleum Energy Corporation, said the lack of transparency in the bidding forrenewable energy projects is also a critical issue.
Financing remains a challenge despite the decreasing costs ofrenewable energy technologies, he added.
The complex and time-consuming land acquisition process in Vietnamis another hurdle for investors in renewable energy projects.
The shortage of skilled professionals and limited domesticmanufacturing capabilities escalate project costs and timelines in Vietnamsince developing large-scale renewable energy projects requires skilled labourand robust supply chain networks.
Supa Waisayarat, Vietnam country manager for Thailand’s SuperEnergy Corporation, said investors should stay updated on government policies,regulations and incentives related to renewable energy in Vietnam./.
Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations, received Canadian Ambassador for Climate Change Catherine Stewart in New York on June 14.
The green economy and sustainable development are inescapable global trends, and businesses need to embrace them to meet the increasing demands in the domestic market and mounting pressure from foreign markets, heard the recent “Green Trade Forum” in Ho Chi Minh City.
The Republic of Korea’s Doosan Group said it is eyeing to expand eco-friendly energy investment in Vietnam as one of the future strategies that it is aiming at the potential clean energy market in the Southeast Asian country.
The International Exhibition of Energy and Environment Technology Hanoi 2023 (Entech Hanoi 2023) officially opened on June 28 in Hanoi with the participation of 175 domestic and foreign businesses.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
Speakers at a conference on opportunities for investment in renewable energy in Vietnam organised by Forbes Vietnam on June 30. (Photo: VNA) 
