Electricity legislation revamp in demand

Electricity legislation revamp in demand

Legislators are beginning to pore over changes to the Electricity Law that could aim to attract private investors while ensuring transparency in both prices and supply.
Total power capacity by 2030

Total power capacity by 2030

In Decision No 262/QD-TTg dated April 1, 2024, the Prime Minister approved the implementation plan for the National Power Development Master Plan in the 2021-2030 period with a vision to 2050.
Durable electricity supply to be ensured

Durable electricity supply to be ensured

Escalating power consumption has sparked an imperative to boost construction of a transmission line and simultaneously mobilise maximum capacity from coal-fired and gas-to-power plants to ensure adequate electricity supply this summer.
Daily electricity consumption exceeds 1 billion kwh for first time

Daily electricity consumption exceeds 1 billion kwh for first time

Due to intense heat waves, the electricity consumption across the country reached a new record of 1.001.9 billion kWh on May 28, surpassing the 1 billion kWh mark for the first time in history.
PM orders sufficient power supply for socio-economic development

PM orders sufficient power supply for socio-economic development

Prime Minister Pham Minh Chinh ordered sufficient power supply for production and daily activities, especially during peak season, while chairing a meeting in Hanoi on May 23.
Brand new mindset required for proper usage of electricity

Brand new mindset required for proper usage of electricity

Electricity in Vietnam is being used at inferior efficiency compared to other countries, which is providing a challenge to find solutions on effectively using and saving it.
Price movements likely to be affected by inflation landscape

Price movements likely to be affected by inflation landscape

Factors such as the upcoming rise in power tariffs and salaries are expected to pressurise the government’s efforts in bringing inflation under control this year.
High-tech investment influx reliant on stable power supply

High-tech investment influx reliant on stable power supply

The government has committed to ensuring sufficient power for businesses, giving Vietnam the potential to receive advanced capital influx from foreign-backed enterprises.
Limited supply poses a risk of electricity shortages

Limited supply poses a risk of electricity shortages

Limited supplies, a rise in demand, and exorbitant electricity purchase expenses could potentially result in electricity scarcity in 2024.
Electricity plans take shape for 2024

Electricity plans take shape for 2024

The government is being urged to improve the supply of electricity for production and business activities, with warnings that power shortages could continue undermining the economy’s efforts to garner new funding from abroad.
Vietnam ramps up imports to diversify in energy security

Vietnam ramps up imports to diversify in energy security

Vietnam is pushing to import electricity from neighbouring countries due to worrying power shortage concerns for the near future.
Government urges EVN to complete electricity pricing mechanism

Government urges EVN to complete electricity pricing mechanism

The Vietnamese government has requested that the MoIT amend and supplement the mechanism for adjusting the average retail price of electricity and the structure of the retail electricity tariff.
Reorganisation in hand for 2023’s electricity supply

Reorganisation in hand for 2023’s electricity supply

Vietnam can only reduce demand and alleviate the current electricity shortage by utilising energy economically and efficiently, energy leaders are warning.
Northern region facing risk of daily power shortage: official

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).
Neighbourly efforts in tow to aid electricity prospects

Neighbourly efforts in tow to aid electricity prospects

Vietnam intends to boost its imports of electricity from Laos and China in order to avoid an electricity shortfall this summer.
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