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Vietnam-US Bilateral Trade Agreement (BTA)
On July, 2000, the Governments of Vietnam and the United States signed a Bilateral Trade Agreement (BTA), which covers trade in goods, protection of intellectual property rights, trade in services, investment protection, business facilitation, and transparency. The agreement significantly reduced tariffs on Vietnamese products entering the US from around 40% to approximately 3%.Energy sectors covered include: Electrical energyFuelMetal oreRoad vehiclesThe rules of origin established by the agreement notably state that: Goods must undergo substantial processing in Vietnam or the USGoods must be shipped directly between the two countries, staying under customs control if passing through a third country
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Vietnam Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS)
In November 2015 government of Vietnam adopted Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS) coming into force in 2016. The Strategy guides renewable energy development in the country setting clear medium and long-term goals. Special focus is set on biomass, wind and solar technologies.
According to the Strategy Vietnam will promote onshore wind power until 2030 and assess offshore wind resources potential as an electricity solution post 2030.
Renewable power generation should cover 7% of total generation in 2020 and 10% in 2030 (from less than 1%, excluding hydro, in 2014). Additional targets are as… -
The Vietnam-Japan Economic Partnership Agreement
On December 25, 2008, Vietnam and Japan established the Vietnam-Japan Economic Partnership Agreement (VJEPA), encompassing trade in goods, services, investment, business environment enhancement, and the movement of people.Preferential tariffs are applicable to affected energy sector including ores and concentrates, such as iron, copper, nickel, cobalt, aluminium, lead, zinc, tin, chromium, and other materials related to low carbon technologies.Goods are considered originating in VJEPA if they are entirely obtained or produced in a member country or meet specific criteria, such as a minimum regional value content of 40% or a change in tariff classification.
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Chile-Vietnam Free Trade Agreement
The Free Trade Agreement between Chile and Vietnam entered into force on 2014, fully or partially eliminating import tariff for most energy products and technologies, including: Agglomerated and reduced iron; Alumina, scrap metal, ammonia;Crude steel, aluminum, nitrogen fertilizers;Solar PV modules, solar cells, solar wafers;Polysilicon, battery packs, battery cells;Anodes and cathodes, electrolyzers;Heat pumps, electric vehicles, ICE cars;Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40% of the transaction value of the good to benefit…
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Electric Vehicles
Global electric car sales continue to break records as affordability improves
Despite recent economic headwinds that have put pressure on the auto sector, global sales of electric cars have continued to break records as electric models become increasingly affordable. Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20%. Just the additional 3.5 million electric cars sold in 2024 compared with the previous year is more than the total number of electric cars sold worldwide in 2020.
In 2025, sales of electric cars are expected to surpass 20 million, accounting for over…
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Oil Market Report - November 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand growth rebounded to 920 kb/d in 3Q25, mainly due to stronger deliveries in China. The third-quarter increase was more than double 2Q25’s 430 kb/d y-o-y expansion, as the macroeconomic picture broadly improved on easing trade tensions. Worldwide…
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Danish Energy Partnership Programme between Denmark and Vietnam 2021-25 (DEPP III)
…the energy partnership between Denmark and Vietnam has started and now it is in the third phase of a long-term energy planning. A new agreement on the Danish Energy Partnership Programme for 2021-2025 (DEPP III) was signed with a grant of DKK 60.3 million (USD 10 million) from Denmark to provide technical assistance to Vietnam supporting the country’s transition to a green energy sector and a low carbon economy. The programme focuses on the following areas:- Improving a sustainable energy system in Vietnam- Developing Energy Outlook Reports for Vietnam- Assisting authorities to put in place conducive…
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Anti-dumping Tariff Measures on Chinese and Vietnamese Seamless Copper Pipes
In March 2023, the Korean Government instituted anti-dumping tariffs on Vietnamese and Chinese seamless copper pipes imported into Korea. The measure will be in place for five years until March 2028, unless the Ministry of Economy and Finance extends or alters the tariffs.As a result of the measure, tariffs on seamless copper pipes are as follows:Chinese imports: 16.52% - 18.12% depending on manufacturer/importer (from a base-rate of 2.6%)Vietnamese imports: 9.98% - 14.78% depending on manufacturer/importer (from a base-rate of 0%)
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China’s Official Energy Finance in Emerging and Developing Economies Case 6. CNOOC investment in Guyana: Whiptail Oil Field
Project overview and impact Guyana has become a dynamic upstream oil market, transforming from a non-producer to an emerging oil exporter within the decade. Since the first discovery of oil in the Stabroek Block in 2015, six large-scale developments have been approved, turning the area into a central pillar of the country’s economic strategy. Production is expected to exceed 1.3 million barrels per day by 2027, making Guyana one of the largest per-capita oil producers globally. The government’s production sharing contract allocates 14.5% of total crude output to the state, with the remainder…
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Decision on support mechanisms for the development of biomass power project in Vietnam (biomass feed-in tariff)
On 25th of March 2014 the government of Vietnam promulgated the Decision on support mechanisms for the development of combined heat and power (CHP) power plants using biomass. The mechanism took form of feed-in tariff and entered into force on 5th of October 2014.
The tariff level is set to VND 1,220/kWh for eligible plants for period of 20 years.