HÀ NỘI — Việt Nam saved 492,000kWh of electricity, equivalent to VNĐ917 million (US$39,700), for one hour on Saturday night, according to the National Power Dispatch Centre. During Earth Hour, people across the country switched off unnecessary electrical devices from 8.30-9.30pm. This year’s figure represented a slight rise against the 485,000kWh of electricity saved during […]

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 […]

HCM CITY — As one of the most efficient power markets in Southeast Asia, Việt Nam has huge prospects, especially in renewable energy, experts have said. There is need for investment in Việt Nam in production, export capacities and upgrading of infrastructure, Phan Thế Anh, deputy general director of the Ministry of Industry and Trade’s […]

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 […]

HÀ NỘI — The Ministry of Industry and Trade has said domestic petroleum supply is able to meet local consumption demand. According to a press release issued on March 26, large petroleum trading companies and some departments of industry and trade have reported that companies have provided enough supply for the local market. Companies have […]

According to Takimoto Koji, chief representative of the Japan External Trade Organization (JETRO) in Ho Chi Minh City, Japanese investors are concerned as JETRO has been recently announced that Vietnam could face a power shortage by 2022. However, the investors can feel relieved as experts believed Vietnam would increase coal-fired power sharply over the next […]

HÀ NỘI — Although people and businesses don’t want the price of electricity and other commodities to increase, it is necessary to raise these prices to balance the economy in a multidimensional way. The statement was made by chief economist of the Bank for Investment and Development of Việt Nam (BIDV), Cấn Văn Lực, during an […]

News outlet baodautu.vn quoted a recent report sent by the Ministry of Industry and Trade (MoIT) to the Prime Minister as saying the ministry had received a large number of proposals from investors on adding their projects into the power development plan. Those in desire of planning adjustments include five liquefied natural gas fired power […]

Power loss in Vietnam Electricity (EVN)’s systems has reduced sharply over the years thanks to the firm’s efforts to better manage the power network, especially in transmission and distribution. Last year, the EVN saw 6.9 percent power loss, 0.3 percentage points lower than its target, and completing its five-year plan a year prior to the […]

Industry experts have called for regulatory reforms and new policies for Vietnam’s energy sector. They said the government needs to push for policies promoting private investments to spur action that will benefit the industry in the future. According to Vietnam Net, the European Chamber of Commerce (EuroCham) in Vietnam said in the 11th edition of […]