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Top related persons:
Linh Pham - 1 Usamah Bhatti - 1 Bhatti - 1 Annabel Fiddes - 1
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Tan Thanh Ba Vung Tau Province Vietnam Asia China Taiwan Malaysia
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Wind Corp - 1 Vung - 1 Renewables - 1 International Energy Agency - 1 Bloomberg - 1 Getty Images Bloomberg - 1 Getty - 1 P Global Market Intelligence - 1

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☆ Factories in developing Asia may have seen the worst of manufacturing slump
  + stars: | 2024-02-01 | by ( Clement Tan | ) www.cnbc.com   time to read: +3 min
Photographer: Linh Pham/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesMost developing economies in Asia might have left the worst of the broad manufacturing slowdown behind in 2023, according to a series of private surveys released Thursday. South Korea's S&P manufacturing purchasing managers' index recorded its first expansionary reading since June 2022 at 51.2 in January, up from 49.9 in December. "The health of the South Korean manufacturing sector registered a renewed improvement at the start of 2024. Growth was reportedly reflective of increased domestic and international orders, particularly for new products," Bhatti added. These private PMI surveys are typically seen as one of several leading indicators of economic activity in the respective economies.
Persons: Linh Pham, Usamah Bhatti, Bhatti, Annabel Fiddes Organizations: Wind Corp, Vung, Renewables, International Energy Agency, Bloomberg, Getty Images Bloomberg, Getty, P Global Market Intelligence, Vietnam, ASEAN, PMI, International Monetary Fund, IMF, " Companies Locations: Tan Thanh, Ba, Vung Tau Province, Vietnam, Asia, China, Taiwan, Malaysia, Thailand
☆ Factbox: Vietnam's power development plan for cleaner fuels
  + stars: | 2023-05-16 | by ( Khanh Vu Francesco Guarascio | Khanh Vu | Francesco Guarascio | ) www.reuters.com   time to read: +4 min
Total capacity of LNG-fired power plants will be 22.4 GW by 2030, accounting for 14.9% of the mix from zero now. The country will have a fleet of 13 LNG power plants by 2030, with the first one scheduled to go online from the fourth quarter next year. At the end of 2020, installed capacity of all coal-fired power plants was 21.38 GW, or 30.8% of the mix. Capacity of coal-fired power plants will increase to 30.13 GW by 2030, accounting for 20% of the mix. WIND By 2030, wind capacity will reach 27.88 GW, including 6 GW of offshore wind capacity.
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