EVN steps up investment in battery storage to support growing renewable capacity

EVN steps up investment in battery storage to support growing renewable capacity

Vietnam Electricity is accelerating the deployment of battery energy storage systems across its power network, as the country seeks to enhance grid stability and support the growing share of renewable energy.
EVN and PV GAS agree to supply LNG for Quang Trach power plants

EVN and PV GAS agree to supply LNG for Quang Trach power plants

Vietnam Electricity and PV GAS signed a framework agreement on the supply of LNG to the Quang Trach II and III power plants on April 3 in Hanoi.
EVN and MoIT drive Vietnam’s green energy transition under Resolution 70

EVN and MoIT drive Vietnam’s green energy transition under Resolution 70

EVN is investing in clean power and digital transformation, while the MoIT is streamlining policies to unlock investment in renewables and smart grids.
Power projects and demand addressed

Power projects and demand addressed

The government has confirmed sufficient electricity until the end of next year to ensure desired economic growth, with some large-scale power initiatives expected to become operational.
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.
1 2 3