The Hanoitimes - Up to 70% of EVN`s loans are denominated in foreign currencies, leaving the company heavily exposed to foreign exchange risks. EVN ordered to ensure sufficient power for economic growth Vietnam may face power shortage in 2019 due to thin coal supply: EVN EVN's wholesale electricity price frame approved Vietnam's EVN gets closer to issuing USD bonds Fitch assigns Vietnam's EVN "BB" rating with stable outlook The Electricity of Vietnam (EVN) – the country's sole power distributor – has borrowed billions of dollars from foreign lenders through the Vietnamese government’s guarantees over the past years, burdening the country’s public debt, the World Bank has said. A national power grid. Photo: Internet EVN’s debt is split into two categories, namely direct loans from a variety of domestic and international commercial banks (backed by the Ministry of Finance (MOF) and on-lending loans which the MOF had … [Read more...] about EVN’s borrowings burden Vietnam’s public debt: World Bank
INDUSTRY
It’s time for Vietnam to lure private capital into energy: World Bank
The Hanoitimes - Private capital is important in the context of upper limit of public debts and double-digit growth in energy demand. Vietnam considers purchasing solar energy through auction. Foreign investors enter Vietnam’s renewable energy industry through M&A UK’s Enterprize Energy proposes US$12-billion wind power project in Vietnam Renewable energy projects spur foreign investment surge Foreign giants start targeting Vietnam’s energy market Vietnam's renewable energy market may offer immense opportunities for G7 investors: PM Vietnam, which requires new investments of about US$10 billion annually frontloaded through 2030, should address comprehensively the constraints currently impeding the flows of domestic and cross border private capital into energy sector, the World Bank (WB) has said in a report. Illustrative photo “Given the limited fiscal space and the reduction of concessional financing available going … [Read more...] about It’s time for Vietnam to lure private capital into energy: World Bank
Private capital needed for Vietnam’s energy: World Bank
The Hanoitimes - Private capital is important in the context of upper limit of public debts and double-digit growth in energy demand. Vietnam's renewable energy market may offer immense opportunities for G7 investors: PM Foreign giants start targeting Vietnam’s energy market UK’s Enterprize Energy proposes US$12-billion wind power project in Vietnam Renewable energy projects spur foreign investment surge Foreign investors enter Vietnam’s renewable energy industry through M&A Vietnam considers purchasing solar energy through auction. Vietnam, which requires new investments of about US$10 billion annually frontloaded through 2030, should address comprehensively the constraints currently impeding the flows of domestic and cross border private capital into energy sector, the World Bank (WB) has said in a report. Illustrative photo “Given the limited fiscal space and the reduction of concessional financing available going … [Read more...] about Private capital needed for Vietnam’s energy: World Bank
EVN ordered to ensure sufficient power for economic growth
The Hanoitimes - EVN needs to invest in power generation projects to ensure the growth of 9.9% in power consumption in 2019. Vietnam’s Deputy Prime Minister Trinh Dinh Dung has again asked Vietnam Electricity (EVN), the sole power distributor in the country, to ensure sufficient power for economic growth. Deputy PM Trinh Dinh Dung at a meeting on Jan 3. Photo: Chinhphu The request was made after the sole power distributor had new general director, Tran Dinh Nhan, who was director of EVN Central Power Corporation (EVNCPC). EVN in recent months has warned that the country may face power shortage in 2019 if coal supply was not enough to feed thermal power plants. Accordingly, the government’s leaders including Prime Minister Nguyen Xuan Phuc made firm orders to EVN, saying that the group must do by all means to avoid power shortage. EVN needs to take drastic measures to make sure that the growth of 9.9% in power consumption in 2019 would be … [Read more...] about EVN ordered to ensure sufficient power for economic growth
Vietnam’s cement exports hit record high, topping US$1 billion
The Hanoitimes - The export volume rose 55% on year, according to the Vietnam Cement Association (VNCA). Vietnam is world’s third largest cement producer Vietnam’s cement oversupply may reach 36-47 million tons by 2020 Cement producers post strong export growth Vietnam reaped an estimated of US$1.2 billion from exporting 31.65 million tons of cement in 2018, the highest-ever export value in this sector so far. A cement production line. Photo: Vicemtamdiep.com.vn The export volume rose 55% on year, the Vietnam Cement Association (VNCA) said, giving no comparative figures. Cement for export: Photo: VNS Worries remain Vietnam’s cement is now priced at US$48-50/ton in the international market, compared to US$65/ton from Thailand, US$100/ton from the Philippines and US$102/ton from Indonesia, according to Vietnam Cement Industry Corporation (VICEM). Linh Pham … [Read more...] about Vietnam’s cement exports hit record high, topping US$1 billion