The development of offshore wind power is believed to bring about sustainable benefits (Photo: VNA)
Hanoi (VNA) – Vietnamis striving to produce about 3,000 - 5,000 MW of offshore wind power by2030 and 21,000 MW by 2045.
Addressing a webinar on August 18, Chairman of the VietnamUnion of Science and Technology Associations (VUSTA) Phan Xuan Dung said the countrywill benefit from the development of offshore wind power, whose cost willgradually decrease in the future.
The development will also help create new jobs,attract investment, and reduce carbon emissions, he noted.
Many experts at the event, held by VUSTA and theVietnam Initiative for Energy Transition, held that the country still lackslegal regulations and technical standards for the production, installation,operation, and maintenance of offshore wind power.
A mechanism for offshore wind power purchase is alsonecessary to stimulate this market, they said.
Speakers and other participants also suggested theState devise a specific mechanism for developing offshore wind power farmssince this type of renewable energy will generate sustainable benefits, helpingto guarantee energy security and promote citizens’ sense of responsibilitytowards the protection of Vietnam’s maritime sovereignty./.
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The Vietnam – Russia joint-venture Vietsovpetro and the La Gan wind power project development JSC signed a contract on July 15 to conduct a geographical survey for the La Gan offshore wind power project off the coast of the south central province of Binh Thuan.
The Mekong Delta has great advantages to develop the renewable energy sector, including wind, solar, biomass and gas thermal power, according to experts.
A total of 106 wind power plants nationwide with a combined capacity of more than 5,655 MW have registered to conduct commercial operations and join the national grid, according to Vietnam Electricity (EVN).
The Vietnamese Government gives high priority to sustainable energy development, aiming to ensure national energy security and greenhouse gas emission reduction, Vietnamese Ambassador to Germany Nguyen Minh Vu told a meeting between the Vietnamese Embassy in Germany and Germany’s Großmann Ingenieur Consult GmbH (GICON) and the Vietnam Petroleum Institute (VPI) on August 4.
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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.
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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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The development of offshore wind power is believed to bring about sustainable benefits (Photo: VNA) 
