Auction mechanism needed for sustainable development of renewable energy market: Dialogue
A Policy Dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” was held via video teleconference by independent think tank Vietnam Initiative for Energy Transition (VIETSE) on January 11.
The solar and wind power project in the communes of Hai Loi and Bac Phong in Thuan Bac district, the south-central province of Ninh Thuan. (Photo: VNA)
Hanoi (VNA) – A Policy Dialogue on “AuctionMechanism for Sustainable Development of the Renewable Energy Market” was heldvia video teleconference by independent think tank Vietnam Initiative for Energy Transition(VIETSE) on January 11.
The dialogue aimed to introduce research results withmulti-dimensional analyses on technical, socio-economic, and legal aspects related tothe auction mechanism of renewable energy, with a view to supporting the sustainable development of the renewableenergy market.
Energy experts,economists, and lawyers also discussed issues related to infrastructure development to meet energy transitionneed towards net-zero carbon commitment by 2050.
In her remarks at the event, VIETSE Executive Director NgoThi To Nhien said incentives offered by the Government have set the scene forVietnam to better attract both domestic and foreign investment in renewableenergy in recent years.
The policies, however, remained inconsistent and this hasundermined investors’ commitments in implementing planned projects, she noted.
To achieve Vietnam’s renewable energy goals in the future,the Government must soon deploy an auction mechanism for sales of therenewables, Nhien said, adding that the mechanism has been launched in 60countries around the world, paving the way for these countries to develop therenewable energy sector in a reasonable, cost-effective and transparent manner.
The employment of the auction mechanism will also help thecountry fulfill other goals, for examples, creating jobs, capacity building intechnology and enhancing national energy security./.
The Construction Joint Stock Company 47, Vu Phong Energy Group and Steag Energy Services GmbH of Germany signed in Hanoi on December 15 a memorandum of understanding (MoU) on jointly providing consultancy services for the implementation of wind power projects nationwide.
By strengthening international cooperation in energy and completing mechanisms and policies in the field, Vietnam is working to improve the efficiency, sustainability and adapting capacity for the national energy sector.
The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations Climate Change Conference.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The solar and wind power project in the communes of Hai Loi and Bac Phong in Thuan Bac district, the south-central province of Ninh Thuan. (Photo: VNA)
