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Shifting consumer habits and an evolving retail landscape are pushing brands to rethink their strategies in Asia, particularly in the wake of a retail renaissance fueled by innovation and adaptability. As global giants and local players navigate an…
China is poised to lead an unprecedented boom in the wind energy sector, as projections indicate that the industry will install a remarkable 170 gigawatts (GW) of new capacity by the end of 2025, according to the latest report from Wood Mackenzie. This surge…
China’s new hydropower project will be the world’s biggest and crucial for energy decarbonisation, but this will be expensive and challenging, S&P Global Ratings said. “The project will also be very risky. The geographic challenges will be unprecedented: it…
The remarkable growth of renewable energy in 2024 has a staggering backdrop: an impressive 582 gigawatts of new capacity has been added, significantly staving off fossil fuel consumption worth approximately $57 billion. According to the International…
Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy…
The Philippines is gearing up for a renewable energy revolution, driven by the power of geothermal and hydropower. By 2035, the nation’s renewable energy generation is projected to soar to an impressive 69.4 terawatt-hours, boasting a robust compound annual…
Nearly 4,000 employees will be needed to operate Vietnam’s two proposed nuclear power plants, set to rise in the central province of Ninh Thuan by 2030. This ambitious initiative aims to bolster the nation’s energy landscape, but it also raises a significant…
The Ministry of Industry and Trade plans to increase electricity imports from China and Laos by 1.6 to five times from between now and 2030. Vietnam’s electricity demand is set to rise by 12-14% annually as the government targets an ambitious double-digit…
The government wants to retain its monopoly over nuclear power, proposed amendments to the Electricity Law show. The government wants to exclusively build nuclear power plants as these are considered critical to national security, Minister of Industry and…
Power consumption exceeded one billion kilowatt-hours in a day for the first time ever on May 28 amid high temperatures all over the country. But on that day power output did not exceed the peak achieved at the end of April, according to the National Load…
Power consumption in Vietnam this summer is expected to increase by 13% year-on-year between May and July, 9.6% higher than forecast, posing possible supply challenges. This is because the weather is expected to become hot sooner than normal, and this could…
Households in Hanoi have received electricity bills two or three times higher than usual this month after national utility Electricity Vietnam (EVN) postponed its meter reading date. Minh of Ha Dong District said the power consumed and bill for January are…
According to national utility Vietnam Electricity, seven Lao wind energy plants want to sell a total of 4,150 MW to Vietnam. It will be done in phases, with 682MW supplied before 2025 and the rest gradually after that. Vietnam will be keen on accepting the…
The Ministry of Industry and Trade has proposed a hike in electricity prices this year after pushing it up 7.5% last year to narrow down the loss of national utility Vietnam Electricity (EVN). The ministry eyes increasing prices in May this year to cover…
Vietnam Electricity wants to import wind power from Laos as it seeks to combat a looming shortage in the northern region. Several wind power investors in Laos with a combined capacity of 4,149 megawatts want to sell electricity to Vietnam, the national…
The Ministry of Industry and Trade has proposed installing another power transmission line to Laos to increase supply. It would help ensure energy security for northern Vietnam, especially during the dry season, as no new major power plant is set to go on…
