The Japanese government targets renewables to account for 22% to 24% of Japan’s energy mix in fiscal 2030. Renewable energy is now a mainstay business of GE. The segment generates more than 10% of overall revenue and is growing faster than aviation and health care operations. Read more
Vietnam is especially concerned because of predictions that the dam will trap large quantities of sediment. This will reduce the amount finding its way downstream to add nutrients to Vietnam’s agriculturally rich Mekong delta region, upon which millions of people depend for their livelihoods. Read more
Energy security has become a top priority issue for the United States and countries around the globe, but what does the term “energy security” really mean? For many it is assuring the safe supply and transport of energy as a matter of national security. For others it is developing and moving toward sustainable and low-carbon energy sources to avoid environmental catastrophe, while still others prioritize affordability and abundance of supply.
The demand for energy has ramifications in every part of the globe —from growing demand in Asia, to the pursuit of reserves in Latin America and Africa, to the increased clout of energy-producing states such as Russia and Iran. Read more
Three of the key performance metrics include ASEAN-6 averages by 2015: reduce time required to start new businesses to no more than 6 days; reduce tax procedures to 171 hours/year; reduce the time for import to 13 days and export 14 days.
“It is one of the biggest gas discoveries in Vietnam,” said Do Van Hau, CEO of PetroVietnam, who estimated the reserve at between 6 trillion and 8 trillion cubic feet. Vietnam’s proved natural gas reserves at the end of 2012 were 21.8 trillion cubic feet, according to the BP Statistical Review of World Energy.
An agreement signed between the United States and Vietnam in October 2013 could allow U.S. companies to sell nuclear technology to Vietnam. “I think there are two things that are at work here, one is potentially the economics and the jobs, the other is the U.S. has moved quite quickly to improve relations with Vietnam. We’ve had President Sang visiting here in July… Vietnam is part of the Trans-Pacific Partnership along with the U.S. and 10 other countries,” said Murray Hiebert, senior fellow at the Center for Strategic and International Studies in Washington DC. Read more
General Department of Energy under the Ministry of Industry and Trade (MoIT) and Sembcorp Co (Singapore) on September 11 signed a memorandum of understanding (MoU) to jointly develop BOT (build-operate-transfer) Dung Quat thermo power plant project.
Vietnam-Singapore Integrated Township and Industrial Park Group (VSIP Group) commenced work on the Vietnam-Singapore Industrial Park in Quang Ngai Province, the fifth such park in Vietnam.
Prime Minister Nguyen Tan Dung and Singapore’s Prime Minister Lee Hsien Loong attended the ground-breaking ceremony in the central province.
The project will cover a 600-hectare industrial land in Son Tinh District and a 520-hectare site zoned for commercial and residential purposes near downtown Quang Ngai City.
VSIP Group is a joint venture between BECAMEX (Binh Duong) and Sembcorp (Singapore). In addition to VSIP No. 5, Sembcorp also announced plans to build a 1,200-megawatt coal-fired plant and a clean water project in the province.
Vietnam’s state coal miner may make it onto a list of the world’s top mining companies by just one measure: its workforce. With almost 140,000 staff, it has more than BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RIO) combined.
Vietnam National Coal Mineral Industries had about $4 billion in sales last year, compared with a combined $123 billion for BHP and Rio Tinto, the world’s biggest mining companies. The difference in productivity shows the challenge facing Vietnam’s ruling Communist Party as it pledges to overhaul state enterprises.
July 24, 2012. The long-simmering dispute is doomed to escalate if the countries contesting its waters fail to take steps to reduce tensions. ASEAN has proven ineffective in reducing tensions, since divisions between member states have prevented ASEAN from reaching a consensus. China has worked actively to exploit these divisions. As a result, no code of conduct on the management of disputes has been agreed. In the absence of regional agreement on policy options or an effective mechanism to mitigate and de-escalate incidents, this strategically important maritime domain will remain unstable. Read more