US, RoK investors interested in LNG power development in Vietnam
Wednesday, February 12,2020AsemconnectVietnam - Deputy Prime Minister Trinh Dinh Dung on February 11 hosted a reception in Hanoi for a group of investors from the US and the Republic of Korea (RoK) who show their interest in liquefied natural gas (LNG) power development in Vietnam.
The demand for electricity in Vietnam is seeing an annual average surge of 10% and the country is diversifying its sources of power towards reducing coal-fired power and raising the share of gas-fuelled power and renewable energy, Dung said, adding that gas-fired power is set to hold 12% of total electricity generation or 17,000 MW, by 2030.
Investment by US investors in Vietnam will contribute to improving the trade balance between the two countries, Deputy PM Dung noted.
The investors expressed their desire to invest in LNG power projects in Vietnam to develop the clean energy source, ensure sufficient power supply for both production and consumption and expand the high quality workforce in the gas-fired power sector.
They said they had undertaken a careful study of conditions related to investment, and pledged to make long-term and effective investment in LNG power projects in Vietnam.
Source: vov.vn
Vietnamese businesses updated on India’s new foreign trade policy
Vietnam-Russia business forum attracts 200 firms
Vietnam, Singapore talk cooperation in logistics
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
Vietnam, the Netherlands promote exports through digital environment
Vietnam learns from RoK’s experience in agricultural development
China, Singapore conclude upgraded FTA negotiations
Japanese investors highly appreciate Vietnamese property market
Germany ready to assist Vietnam in energy transition: official
Vietnam, China’s Guangxi promote economic cooperation in new era
Joint statement on conclusion of negotiations on UK’s CPTPP accession issued
Vietnamese banks remain attractive to foreign investors
Cross-border activities run smoothly at Huu Nghi border since China's reopening
HCM City to host international paper, coatings, rubber, and plastic expos
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...