EVN must ensure enough power for socio-economic development: PM
The primary task of Vietnam Electricity (EVN) is to ensure adequate supply of electricity for socio-economic development, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc speaks at the EVN's conference in Hanoi on December 25 (Photo: VNA)
Hanoi (VNA) – The primary task ofVietnam Electricity (EVN) is to ensure adequate supply of electricity forsocio-economic development, Prime Minister Nguyen Xuan Phuc has said.
“Power shortage is not allowed in anycircumstances. This is an order that EVN must strive to fulfill,” PM Phuc said ata conference in Hanoi on December 25 to review EVN’s performance in 2019 andlaunch tasks for 2020.
The PM expressed his impression for Vietnam’selectricity access index in 2019, which was ranked 27th among 190 countries inthe world, up 129 places, and 4th in the Association of Southeast Asian Nations(ASEAN), surpassing the target two years ahead of schedule.
However, there are some major challenges thatthe electricity sector has to overcome in 2020 such as water shortages in manyhydropower reservoirs, the slow implementation of power projects, and the lackof fuel sources for power generation, he said.
The PM directed EVN to speed up theimplementation of key electricity projects, including thermal power plants ofQuang Trach 1, Quang Trach 2, Dung Quat 1, Dung Quat 3, O Mon 3, and O Mon 4;and the expansion of Hoa Binh, Yaly, and Tri An hydropower plants.
He also urged the firm to step up socialisationand acceleration of build-operate-transfer (BOT) projects to supply electricity,including the development of transmission lines.
According to EVN, the total power capacity ofthe firm and its subsidiaries is estimated at nearly 29,000 MW, making up 54percent of the national power system.
Commercial electricity output in 2019 rose 8.9percent year-on-year to reach 209.5 billion kWh.
In the year, the firm has put electricityprojects into operation with a total output of about 1,400 MW, including twocoal-fired power plants – expanded 600MW Vinh Tan 4 and 688MW Duyen Hai 3, andthree solar power plants with a combined capacity of 120 MW.
EVN has also commenced the construction of 196works and completed the connection of 192 power projects to the nationalgrid./.
The Vietnam Electricity (EVN) has conducted a series of project to connect island districts and communes with the national power grid with total investment of over 7.5 trillion VND (322.5 million USD).
Vietnam Electricity (EVN) said on October 30 that it has signed a credit agreement for a solar power plant project with the French Development Agency (AFD).
Bidding for electricity projects instead of using the feed-in tariff price mechanism would make Vietnam's electricity more transparent and offer cheaper consumer power prices, experts said at a conference in Hanoi on November 27.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.