A solar energy farm in Binh Thuan Province, supported by USAID. Source: USAID
The US Diplomatic Mission in Vietnam, through the US Agency for International Development (USAID), has provided technical assistance to the Ministry of Industry and Trade since 2017 in designing, building, and approving this mechanism. USAID will continue to collaborate with the Ministry during the implementation of this newly issued decree.
“I would like to extend my sincere congratulations to the Ministry of Industry and Trade for their dedication and efforts in making the direct power purchase agreement a reality,” said US Ambassador to Vietnam Marc Knapper at the event announcing the decree on direct power purchase agreements on July 5.
“The Vietnam-US Comprehensive Strategic Partnership opens a new era in the cooperation between our two countries, and this direct power purchase agreement is a testament to our deepening collaboration and shared commitment to sustainable development,” Ambassador Knapper added.
Once implemented, the new policy will allow businesses in Vietnam to buy electricity directly from private renewable energy companies, enabling them to use 100% renewable energy to meet their operational needs. This will help Vietnam attract private investment in renewable energy while catering to the needs of businesses seeking to adopt renewable energy and achieve their emission reduction goals.
“The US Diplomatic Mission in Vietnam, through USAID, is honored to have collaborated with the Ministry of Industry and Trade over the years to reach this important milestone,” said Aler Grubbs, USAID Mission Director for Vietnam.
“The direct power purchase agreement will help businesses reduce greenhouse gas emissions while accelerating Vietnam’s transition to clean energy and its goal of achieving net-zero emissions by 2050. The US will continue to accompany Vietnam in implementing this important initiative and expanding access to clean and renewable energy,” Grubbs emphasized.
The Embassy affirmed that the US is a committed partner of Vietnam in promoting the transition to clean, safe, and market-based energy, aligning with the shared priorities within the framework of the Vietnam-US Comprehensive Strategic Partnership.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
