Search

According to Vietnam Oil and Gas Group (PVN), it is not feasible to buy oil with “bottom price” because we do not yet have mechanisms and policies on risks for this activity (buying oil at “bottom price” leads to losses). On the other hand, at present, in Vietnam there are no national oil reserve depots, while the crude oil storages of Dung Quat and Nghi Son refinery plants can only meet production needs of these plants. It is also not feasible to rent an oil tanker (at least at this time), because of difficulty of our financial potential.

PetroVietnam Drilling & Well Services Corporation (PV Drilling) (Securities Code: PVD) said that it is estimated that business results in the 3rd quarter of 2015, in which profit after tax is estimated at 567 billion VND, decrease 5.0% over the same period (Q3 / 2014) but increased by 7.9% comparing to the previous quarter (Q2 / 2015). 

Updating the status of receiving documents, results of negotiations, ratifies of electricity prices, signing the power purchase agreements, acceptance of projects... for transitional renewable energy projects, Vietnam Energy Magazine cited data from the Electricity of Vietnam (EVN) updated on the morning of October 2, 2023, for readers to refer to.

Recently, wind power projects in Quang Tri province were pushed up a schedule in difficult conditions on the Covid-19 pandemic, racing to preferential FIT prices. Currently, in Quang Tri province, there are 17 wind power projects with a total capacity of 1,242.4 MW, total investment capital of more than VND 43,442 billion, supplemented to the planning and approved by the Provincial People's Committee.

The Electricity of Vietnam (EVN) has just issued a Notice to the Electricity Corporations, Electricity Telecommunications and Information Technology Companies about the purchase price of electricity from rooftop solar power systems in 2024.

The Power Development Planning VIII (PDP in period 2021 - 2045) proposes developing LNG power projects to gradually reduce dependence on coal-fired power projects for their flexibility as changing capacity in the load demand and emitting only 50% CO2 amount in comparison with the coal-fired thermal power plant (CTPP), 70% compared oil-fired thermal power plant of the same capacity, reducing 90% NOx, not emitting dust and operating at a capacity factor of 90 %.

On April 4, 2018 in Hanoi, was held a talk between the Minister of Industry and Trade Tran Tuan Anh and Minister of Energy and Mines of Laos Khammany Inthirath on continuously implementing measures to strengthen cooperation in the energy and minerals between the two countries, especially to unify plan for carrying out the cooperation documents in energy sector signed in the 40th session of the Inter-governmental Committee on bilateral cooperation between Vietnam and Laos.  

The Prime Minister allows Binh Son Single Member Ltd – The Dung Quat Oil Refinery Management Company to have the self-control in price mechanism for import oil competition.

The Prime Minister has just issued a document to agree with the proposal of the Ministry of Industry and Trade (MOIT) in principle on the ceiling price (maximum price) as 6.95 USCent/kWh for importing wind power from Laos. The average electricity price for the whole life of the project at the time of negotiation agreed between the Electricity of Vietnam (EVN) and investor must be not exceed this ceiling price.

The Electricity of Vietnam (EVN) has just issued a document to request the Electricity Power Trading Company (EPTC) to calculate and develop a power generation price framework for the wind and solar power projects according to the method of developing a power generation price frame of the Ministry of Industry and Trade (MOIT).

The Ministry of Industry and Trade (MOIT) has just completed the draft Circular stipulating the method of developing the power price framework to obtain the comments. (Currently, the draft Circular is being publicly posted on the Government Portal and some official websites).

 At the Party Congress of the Vietnam Oil and Gas Group (PVN) in 2020-2025 term, on June 9,2020, in Hanoi, Mr. Le Manh Hung - PVN General Director proposed a target to decrease  average cost of the crude oil exploitation for being able to stand steady (even if the crude oil price falling to 30 USD / barrel).