The European Chamber of Commerce in Vietnam (EuroCham) wrote a letter to the Ministry of Industry and Trade (MoIT) to propose a series of short- and long-term measures designed to alleviate the effects of the ongoing power shortages.
EuroCham and the broader business community have expressed growing concerns regarding ongoing power shortages in Hanoi and northern Vietnam. Many European companies with production and manufacturing facilities in the region, including numerous EuroCham members, have been adversely affected. Swift action is imperative to preserve Vietnam’s reputation as a global supplier.
EuroCham's vice chairman Jean-Jacques Bouflet, in an interview with Reuters, expressed his concerns about the situation and emphasised the need for urgent measures from the MoIT. "To tackle this urgent issue, EuroCham has intensified our advocacy efforts by writing a letter to the MoIT and proposing a series of short- and long-term measures designed to alleviate the effects," said Bouflet.
EuroCham is advocating for more communication, ensuring affected companies receive advance notice of scheduled power cuts. By providing specific schedules and durations of power interruptions, businesses will have the opportunity to make necessary arrangements and effectively minimise disruptions to their operations.
"This proactive approach ensures that affected companies are well-informed and can prepare accordingly, mitigating the negative impact on their productivity and minimising financial losses," added Bouflet.
The group strongly advocates for the prioritisation of electricity production and emphasises the need for promoting the development of additional sustainable capacities, such as solar panels, without imposing undue bureaucratic restrictions.
While these short-term measures are crucial for addressing the current power shortage, EuroCham underscores the importance of long-term solutions. The MoIT is being urged to concentrate on renewable energy projects and foster a diversified energy portfolio that can withstand various climate conditions. This approach will contribute to a sustainable future and mitigate power shortages regardless of climatic conditions.
"EuroCham is committed to keeping a close eye on any new developments and ensuring that our members are promptly updated on the progress made regarding this issue. Rest assured, we will continue to provide timely and relevant updates on this matter," said Bouflet.
|Northern Vietnam lacks between 30 and 50 million kWh daily
The Ministry of Industry and Trade (MoIT) has warned that the northern power grid faces a shortfall of approximately 4,350MW. It has a median daily generation of approximately 30.9 million kWh; however, the largest daily output can reach 50.8 million kWh.
|Northern region facing risk of daily power shortage: official
The northern region is facing the risk of power shortage at almost every point of time each day, according to Tran Viet Hoa, head of the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
|North's electricity supply may be strained until July
In the event that power shortages in the northern region of Vietnam continue for an extended period of time, the operation of the power grid will be significantly hampered.