Singapore to import 1.2GW of low-carbon energy from Vietnam

Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.

Singapore to import 1.2GW of low-carbon energy from Vietnam -0
Singapore to import 1.2GW of low-carbon energy from Vietnam (Photo:tuoitre.vn)

The latest conditional approval – given to power import projects preliminarily found to be technically and commercially viable – comes after similar authorisations for a 1 GW import plan from Cambodia and 2 GW from Indonesia earlier in the year.

The Vietnam power import venture, involving Singapore’s Sembcorp Utilities (SCU) and Vietnam’s state-owned PetroVietnam Technical Services Corporation (PTSC), includes the laying of subsea power cables spanning around 1,000 kilometres between the two countries.

During an official visit of Vietnamese Prime Minister Pham Minh Chinh to Singapore in February 2023, PTSC and SCU signed an investment cooperation agreement for energy export to Singapore from offshore renewable energy in Vietnam.

Accordingly, PTSC and SCU will cooperate to invest in an offshore wind farm in Vietnam with an initial capacity of about 2.3 GW and export electricity directly to Singapore via a high-voltage underground cable. 

Sembcorp said the Vietnam offshore wind farm could start operating by 2033 subject to approvals and barring unforeseen events.

To achieve net zero carbon emissions by 2050, the Singapore Government plans to import 30% of its electricity needs by 2035 from clean energy sources as well as introduce a progressive carbon tax roadmap.

Economy

Hue required to become modern, smart centrally-run city
Economy

Hue required to become modern, smart centrally-run city

Chairman of the National Assembly (NA) Tran Thanh Man attended a ceremony on December 29 evening to announce the NA's resolution on the establishment of the centrally-run city of Hue and the NA Standing Committee's resolution on the arrangement of its district- and commune-level administrative units for the 2023 - 2025 period.

Aquatic exports hit 10 billion USD
Economy

Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.

Vietnam's potential promoted to Mexican businesses
Economy

Vietnam's potential promoted to Mexican businesses

A delegation from the Vietnamese Embassy in Mexico led by Ambassador-Designate Nguyen Van Hai has paid a working trip to Guanajuato state to explore opportunities for cooperation between Vietnam and Mexico, as well as between Vietnamese localities and Guanajuato. ​