Record number of solar power plants put into operation in Q2
Nearly 90 solar power plants with a total capacity of about 4,000 MWp were put into operation in the second quarter of this year, setting a record so far, the Electricity of Vietnam (EVN) reported.
Hanoi (VNA) – Nearly 90 solar power plants with atotal capacity of about 4,000 MWp were put into operation in the second quarterof this year, setting a record so far, the Electricity of Vietnam (EVN)reported.
The country now has 102 operational solar power plants with acombined capacity of 6,314 MWp, mostly in the south central provinces of NinhThuan and Binh Thuan, the group said.
EVN said despite difficulties caused by the impact of theCOVID-19 pandemic, the group, relevantagencies and localities have made great efforts to complete the powertransmission infrastructure in service of 113 solar and wind power projects whosecumulative capacity reaches 5,700 MW.
Renewable energy projects included in the planning scheme have atotal capacity of 17,000 MW. Among them, many solar and wind power projects areexpected to be put in place soon to benefit from the fee-in-tariffs (FIT) pricemechanism.
At the end of August 2020, solar and wind power projects of nearly23,000 MW had been approved, with solar electricity making up about 11,200 MW.
To facilitate the operation of these projects and improve the capacityof the national power grid, EVN has focused its resources on building andupgrading electricity transmission facilities.
Under the National Energy Development Strategy by 2030, with vision to 2045, Vietnam prioritises wind and solar power and encourageinvestment in power plants using urban waste, biomass and solid waste inparallel with environmental protection and the circular economy.
The proportion of renewable energy would account for 15 to 20 percent of totalpower output by 2030 and 25 to 30 percent by 2045.
According to the strategy, the country will build a smart and effective powernetwork connected to the region. By 2030, Vietnam will be among threeASEAN countries with the highest access-to-electricity index./.
Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.
Electricity of Vietnam (EVN) is seeking investors in new electricity projects, including solar power plants on reservoirs, in an effort to ensure the safe and stable operation of the country’s electricity market.
The Prime Minister has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects to ensure national security.
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.
Illustrative image (Photo: VNA) 
