Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years. A senior official of the Ministry of Industry and Trade told that prices have gone up from VND1,720 (7.4 cents) per kWh to VND1,864 (8 cents), exclusive of VAT. The ministry had said earlier this month that the Prime Minister had […]

Vietnam’s amended Law on Electricity allows foreign investment in the country’s electrical grid to improve energy quality and capacity. Power consumption in the country is projected to increase by 10-12 percent annually through to 2030, representing the fastest growth rate in Asia. As such, early entrants to building, managing, and operating Vietnam’s electrical grid will […]

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil and gas since the beginning of this year have caused its production costs and purchase prices of electricity it bought from other power […]

It wants to accelerate the construction of transformer stations and start operations of a line in South Saigon. Vietnam Electricity (EVN) will accelerate its projects in 2019 to meet rising demand and ensure sufficient supply for the year, Vietnam Energy reports. The projects include 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau […]

HANOI: Vietnam wants to nearly double its total installed power generation capacity to 146,000 megawatts by 2030, and prioritise the development of renewable sources and reducing its coal dependency, its government said on Tuesday (Apr 26).

HANOI, June 2 (Reuters) – Vietnam plans to sell some operational state-owned power plants to foreign investors to raise funds for urgently needed new projects and ease pressure on public debt, local media reported on Tuesday. State-owned Electricity of Vietnam (EVN) and the government’s Commission for the Management of State Capital at Enterprises are drafting the […]

HANOI, April 2 (Reuters): Vietnam’s state-run utility EVN had announced this week and called on citizens to save energy as it warned of electricity shortages from next month due to tight coal supplies.

Vietnamese Prime Minister Nguyen Xuan Phuc has warned of a possible power shortage in 2021 and asked other officials to speed up stalled power plant projects, according to the Financial Times. In late September, Vietnamese media reported on the risk of power shortage, while a series of power plant projects were behind schedule. Power shortages could be […]

HANOI (Reuters) – Vietnam’s electricity firm EVN has signed five new deals to buy electricity from Laos starting from next year, the state-run company said. The southeast Asian nation faces severe power shortages from 2021, as demand outpaces construction of new plants, with demand expected to exceed supply by 6.6 billion kilowatt hours (kWh) in […]

The 600 MW Thai Binh 1 Thermal Power Plant officially opened Thursday in the northern province of Thai Binh. It is expected to generate 3.6-3.9 billion kWh of electricity a year, said Duong Quang Thanh, chairman of Vietnam Electricity (EVN), the country’s sole electricity distributor. Construction of the plant commenced in 2014, with a total […]