VibroPower Corporation’s associated company, VibroPower Green Energy, has proposed to make an acquisition of a power plant in Malaysia in the renewable energy space.

HÀ NỘI — Local electricity officials, related firms and international experts discussed a suitable legal framework to develop a smart grid and electricity system in Việt Nam in Hà Nội on November 21. The workshop, held by the Electricity Regulatory Authority of Việt Nam (ERAV), Ministry of Industry and Trade, in collaboration with the Deutsche […]

HCM CITY — Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year, according to the Ministry of Industry and Trade. According to Phùng Văn Sỹ, general manager of the ministry’s oil and gas division, who spoke […]

Hanoi (VNA) – Vietnam is one of the most efficient power markets in Southeast Asia, and has achieved nearly 99 percent electrification with relatively low cost in comparison to neighbouring country, according to the Ministry of Industry and Trade (MoIT). The ministry shared the information at the Electrify Vietnam 2019 Conference held in Ho Chi […]

Vietnam has set a goal of reaching 30 gigawatts (GW) to 50GW of offshore wind power generating capacity by 2030 and 21GW by 2045.

Vietnam posted the highest growth in coal consumption among the top 10 global consumers last year, a report found. The country consumed 2.07 exajoules of electricity from coal last year, up 30.2 percent year-on-year, according to the “BP Statistical Review of World Energy 2020” report by energy firm BP.

HANOI (Viet Nam News/ANN) – Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT). Phuong Hoang Kim, director of the ministry’s Electricity and Renewable Energy Authority, said […]

Officials cited factors such as lower supply for hydropower plants and gas fields. The Ministry of Industry and Trade (MOIT), as well as Vietnam Electricity (EVN), indicated that some factors that could raise the prices of power in Vietnam are growing, local newspaper VnExpress reported. MOIT’s Electricity Regulatory Authority (ERA) is developing a power supply […]

The “Research Report on Vietnam’s Electricity Industry 2022-2031” report has been added to ResearchAndMarkets.com’s offering. With a large population, strong economic growth, and rapidly declining reserves in existing oil and gas fields, Vietnam is one of the fastest growing energy import markets in Asia. Vietnam’s annual electricity demand is expected to grow by 10% to 12% per year over […]

State power utility Vietnam Electricity (EVN) made a profit of VND4.74 trillion ($207.6 million) from all activities in 2020. But, its core business of electricity production and trading reported VND1.3 trillion in losses due to price reduction and discounts. In 2020, EVN sold each kilowatt-hour for an average VND1,820.20, down 1.68 percent from 2019.