Sunday, February 23, 2020 10:49:53 AM - Markets open
VN-INDEX 933.09 -5.04/-0.54%
HNX-INDEX 108.09 -1.49/-1.36%
UPCOM-INDEX 56.30 -0.05/-0.09%
VN needs foreign aid to develop renewable energy
Vietnam News - 10/25/2019 12:56:28 PM
 (0 ratings. You must sign in to rate.)
To transition to renewable energy, Việt Nam will need assistance and aid from its foreign partners, a top energy official has said.
Đỗ Đức Quân, Vice Director General of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MOIT), was speaking at a seminar on Wednesday in Hà Nội, organised by the MOIT’s Renewable Energy Authority and the Embassy of Belgium in Việt Nam.
 
At the seminar, participants discussed issues related to the production and storage of existing renewable energy, infrastructure connection, internal and national power grid and the support of the EU for sustainable energy development in Việt Nam.
 
To encourage the use of renewable energy, the MOIT has submitted incentive mechanisms for solar, wind and biomass power to the Government.
 
They include the application of a feed-in tariffs (FIT) mechanism for 20 years, preferential corporate income tax and preferential land use tax.
 
However, the transition to renewable energy in Việt Nam was still in the first stage, thus Việt Nam needed to learn from the success of other countries around the world, including Belgium.
 
According to Paul Jansen, Ambassador of the Kingdom of Belgium to Việt Nam, the seminar is an opportunity for domestic and international experts to meet and exchange to find solutions to develop renewable energy in Việt Nam, opening up opportunities for investment co-operation in the renewable energy industry between businesses of the two countries.
 
The EU and Belgium are ready to share experiences in developing renewable energy to Việt Nam, helping connecting businesses of the sides, said Jansen.
 
Eric Franssen, Business Development Director of John Cockerill Group, said Việt Nam has many advantages in renewable energy, especially biomass power as the country has a lot of waste in industrial parks.
 
John Cockerill Group can assist Việt Nam in developing biomass energy. The group can also produce renewable energy by separating hydrogen from water through electrolysis, Franssen said.
 
"Việt Nam also has strength in wind power the two sides can collaborate in this area,” said Franssen.
 
A representative of DEEP C Green Energy Company said energy was one of the issues businesses seek when investing in Việt Nam.
 
To cut energy consumption in its industrial zone, DEEP C has installed solar panels.
 
DEEP C concluded the northern region has enough radiation to build solar power plants, the representative said. — VNS
 
 
Read original article here
 
Newer News
09:35 Digital platforms improve competitiveness
22/02 Telecoms firms turning to digital content
20/02 Boosting structural reform and businesses’ competitiveness vital to grab CPTPP opportunities
13/02 VN’s GDP growth to reach 6.25 percent if COVID-19 outbreak is contained in Q1
08/02 VN acts to improve labour productivity
02/02 VN invests $3.97m abroad in January
30/01 CPI in January hits record high in recent 7 years
29/01 Pepper price to remain low this year
24/01 FDI inflow in Đà Nẵng hits nearly $700m in 2019
23/01 Japanese firms increase investments in advanced technologies in Việt Nam
Older News
23/10 US cuts antidumping duties on Vietnamese tra fish fillets
17/10 Deputy PM addresses Vietnam Business Summit 2019
14/10 Three more kinds of Vietnamese seafood exported to China
13/10 Economic zone draws investment from the manufacturing sector
11/10 Vietnam’s economic growth predicted to be higher than target
09/10 Vietnam up 10 places in Global Competitiveness Index
08/10 Rice export volume up but value falls
07/10 Vietnam continues to enjoy trade surplus with Israel
04/10 Rice exports bring home 2.24 billion USD in nine months
02/10 Energy efficiency important as VN power needs grow with economy: conference
 
Newsletter Signup
Top Stories
VN shares mixed, but growth expected to return
VN stocks to keep falling on disease fears
Industry 4.0 brings big changes for stock market
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Market Update
Last updated at 3:10:02 PM
VN-INDEX 933.09 -5.04/-0.54%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.