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Oil Markets Turn Bearish Ahead Of OPEC Meeting

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Oil prices fell on Tuesday…

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Vietnam Hosts Renewable Energy Fair

Speaking at a renewable energy fair in the Vietnamese capital Hanoi, Vietnam’s National Agency for Science and Technology Information Deputy head Le Thi Khanh Van told journalists that modern technology, government incentives and reasonable production costs will help facilitate the development of renewable energy in Vietnam.

Last month it was announced that Vietnamese enterprises support the government’s efforts to stimulate investment in renewable and alternative energy, accepting interim higher energy costs in order to lessen the country’s dependence on imported oil and stabilize prices in the long term.

Audit company Grant Thornton announced the findings after conducting a survey in May in which enterprises were queried as to how they would support the Government in investing in renewable energy and finding an alternative source of energy and whether they would accept short-term energy cost increases for more stable prices in the long term, VietnamPlus news agency reported. The survey found that 50 percent of a total of 154 Vietnamese companies backed the government, which is higher than the average rate of 44 percent of global enterprises.
 
"The three-day expo will be a good chance for Vietnamese universities, organizations and businesses to seek cooperation and update their knowledge on advanced technologies and solutions for renewable energy," Van said.

By. Joao Peixe, Deputy Editor OilPrice.com


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