The Ministry of Industry and Trade rapidly revises its 2024 electricity supply plan as a strong economic upswing and heatwaves drive a spike in power consumption.
On the occasion of the visit to Vietnam by the Danish Royal Family, the Vietnam - Denmark Sustainable Energy Summit will be held on November 1 in Hanoi with the participation of 36 leading Danish enterprises in the energy field. According to the International Energy Agency, Vietnam is the second-largest electricity user in Southeast Asia, which opens up major opportunities for foreign corporations to invest in its energy sector in general and renewable energy in particular.
The heat of inflation does not appear to be too significant in Vietnam, with the World Bank (WB) forecasting a rate of around 3.8 per cent for this year. However, factors such as fluctuations in energy prices, the end of policies supporting lower taxes, rising prices for public services, and higher wages will make controlling inflation more difficult.
Ambassador of Norway to Vietnam, H.E. Hilde Solbakken, spoke with VET about the potential for cooperation between Vietnam and Norway in offshore wind power.