Connect with us

Project

Chinese giant seeks to collaborate with Vietnam’s energy heavyweights in nuclear power

Published

1 day ago

on

China Power Engineering Consulting Group Corporation (CPECC) is seeking to collaborate with Vietnam’s state-owned energy giants Petrovietnam (PVN) and Vietnam Electricity (EVN) in nuclear power.

Delegations of EVN (left) and CPECC at a meeting in Hanoi on March 5, 2025. Photo courtesy of EVN.

Delegations of EVN (left) and CPECC at a meeting in Hanoi on March 5, 2025. Photo courtesy of EVN.

In a Monday statement, EVN said leaders of CPECC and EVN recently had a meeting in Hanoi to discuss collaboration.

CPECC has joined 32 nuclear power projects in China and is preparing to raise its capacity to 60 GW in the next 10 years, the Chinese firm highlighted.

CPECC also emphasized its solutions to reduce emissions and improve the capacity and flexibility of coal-fired power plants. The solutions can help coal-fired power continue its key role as baseload for the national electricity system, it added.

For his part, Dang Hoang An, chairman of EVN said the state utility would consult with Vietnamese authorities to facilitate energy investments, amid the growing demand for electricity and the trend of energy transition.

PVN chairman Le Manh Hung (right) at a meeting with CPECC in Hanoi on March 7, 2025. Photo courtesy of PVN.

PVN chairman Le Manh Hung (right) at a meeting with CPECC in Hanoi on March 7, 2025. Photo courtesy of PVN.

At a meeting last week, PVN chairman Le Manh Hung urged CPECC to share nuclear power experiences as the Vietnamese energy group is studying this sector.

He noted that PVN will expand its activities beyond traditional activities of oil and gas to new sectors, such as carbon capture, utilization, storage (CCUS), LNG, green hydrogen, green ammonia, and offshore wind power.

In reply, CPECC said it is willing to cooperate with PVN in offshore wind power, renovation of thermal power plants, and renewable-green energy.

In February 2025, Prime Minister Pham Minh Chinh assigned state-owned groups EVN and PVN to be investors of Ninh Thuan 1 and 2 nuclear power plants, respectively.

The PM also requested the Ministry of Industry and Trade to coordinate with relevant agencies to get nuclear power plants built towards completion by end-2030, or end-2031 at the latest.

Many countries have expressed their willingness to coooperate with Vietnam in nuclear power, such as South Korea, Russia, Japan, and France.

Related Topics:

Project

Agoda Offers Free Tickets for Japanese Fans to See NCT WISH, THE BOYZ, n.SSign and More at Seoul Spring Festa

Published

35 minutes ago

on

March 17, 2025

By

Digital travel platform Agoda is giving K-pop fans in Japan a reason to cheer with an exclusive offer to attend the Seoul Spring Festa’s opening concert, WONDER SHOW, which will take place on Wed, Apr. 30 at Seoul World Cup Stadium.

TOKYO, March 14, 2025 /PRNewswire/ — Digital travel platform Agoda is giving K-pop fans in Japan a reason to cheer with an exclusive offer to attend the Seoul Spring Festa’s opening concert, WONDER SHOW, which will take place on Wed, Apr. 30 at Seoul World Cup Stadium.

Fans from Japan, Mainland China, Hong Kong, and Taiwan can snag two free tickets per booking to the highly anticipated event featuring K-pop artists NCT WISH, THE BOYZ, n.SSign, TWS, NMIXX, god, STAYC, ALL(H)OURS, NEXZ, KickFlip, Hearts2Hearts, NouerA, KiiiKiii and more to be announced*. Travelers can secure the free tickets through the ‘Agoda x Wonder Show’ special room package available via participating properties on Agoda. The offer will be available starting March 17 to April 11, 2025, for check-ins between April 21-30, 2025, and includes an additional discount of up to 15% off accommodations.

The Seoul Spring Festa, a city-wide celebration of Korean culture, food, and entertainment, includes a lineup of performances by NCT WISH, known for their electrifying stage presence; THE BOYZ, celebrated for their dynamic choreography; and n.SSign, the rising stars captivating fans across Asia, and many more. Pre-sale tickets for the event have already sold out, making Agoda’s offer a golden opportunity for fans to experience the magic of K-pop live.

Jay Lee, Country Director, South Korea at Agoda, shared, “K-pop transcends borders, uniting fans worldwide, and we’re excited to bring Japanese fans closer to the action. Agoda is making dreams come true with free tickets to see NCT WISH, THE BOYZ, n.SSign, and more, along with unbeatable hotel deals—turning Seoul into the must-visit hotspot for K-pop lovers this spring.”

Travelers can enhance their Seoul experience by booking the Discover Seoul Pass on Agoda. This all-in-one offers access to major attractions, transportation, and connectivity in Seoul, ensuring visitors can explore the city with ease and convenience.

With over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities available, Agoda offers everything travelers need to plan their perfect trip. For more information on this exclusive offer and to book your stay, visit Agoda.com or download the Agoda mobile app for the best deals.

Continue Reading

Project

Promoting circular economy in industrial parks

Published

2 hours ago

on

March 17, 2025

By

The benefits of green transformation in industrial parks are both huge and lasting, according to leaders of the Ministry of Planning and Investment. However, in the short term, many challenges and obstacles have meant the transition process has not been as strong as expected.

The Ministry of Planning and Investment and the United Nations Industrial Development Organization (UNIDO) held a conference entitled “Advancing circular economy in Vietnam’s industrial parks for sustainable development” on the afternoon of April 12.

In his opening speech, Le Thanh Quan, Director General of the Department of Economic Zones Management under the Ministry of Planning (MPI), said that in the more than 30 years of establishment and development, industrial and economic zones have been recognised as playing an important role in fostering socio-economic development, accelerating the process of industrialisation and modernisation, and promoting international integration.

Circular economic development is a trend that many countries around the world consider to be the green industrial revolution of the 21st century and is consistent with the country’s development orientation in the coming period. In particular, the eco-industrial park model is seen as the driving force to boost the circular economy.

According to Quan, the benefits of this transformation are great and long-lasting, but in the short term, many obstacles are preventing the transformation process from taking place as strongly as expected.

Smail Alhilali, Industrial Development Officer at the Department of Environment, UNIDO, said: “Promoting circular economy in industrial zones can help Vietnam to not only reduce environmental impacts but also create opportunities for innovation and green growth.”

Vietnam has a lot of potential. With existing support and available directions, Vietnam should learn from previous countries and successfully implement digital and energy transformation. The country should not only focusing on cleaner production and reduced emissions but also address the consumption issues.

The conference included discussion sessions on the important role of industrial parks in implementing circular economy principles, the opportunities and challenges of integrating circular economy activities between different industries in industrial parks, and others.

Continue Reading

Project

Foreign offshore wind power investors can sell projects, Vietnam SOEs prioritized to buy

Published

3 hours ago

on

March 17, 2025

By

Foreign investors of offshore wind power projects in Vietnam can sell their projects, and wholly state-owned enterprises (SOEs) or subsidiaries of those SOEs are prioritized to buy them.

The transaction is only permitted if the Vietnamese investors in the company refuse to purchase, according to the government’s Decree 58/2025 on renewable and new energy, effective from March 3, 2025.

Transactions of a part of an offshore wind project or an entire project must comply with the Electricity Law 2024 and other laws related to investment, enterprises, and sea.

They must be approved by the Ministry of National Defense, the Ministry of Public Security, the Ministry of Foreign Affairs, and the Ministry of Industry and Trade if there is involvement of foreign investors.

A sea-based wind power project in Tra Vinh province, Mekong Delta, southern Vietnam. Photo courtesy of Trungnam Group.

A sea-based wind power project in Tra Vinh province, Mekong Delta, southern Vietnam. Photo courtesy of Trungnam Group.

In cases of not-yet operational projects, the foreign buyers must meet the following requirements.

First, they must have experience in investing and developing at least one offshore wind power project that is operational in Vietnam or in the world. “Experience” includes direct investment, contributing a minimum 15% of the project’s total investment capital, and the ratio of equity to capital contribution being at least 20%.

Second, the foreign buyers must ensure that the offshore wind power project has the participation of domestic enterprises with at least 5% of chartered capital or voting shares of the company that implements such projects. The “domestic enterprises” must be wholly state-owned enterprises (SOEs) or firms with SOEs holding more than a 50% stake.

Third, they must commit to utilizing domestic supplies (workforce, service, products) during their investment, construction and operation, on the basis of ensuring competitiveness of prices, quality, schedule, and available capability.

For operational projects, the transations must meet the “second” requirement mentioned above.

Continue Reading

Trending