Hanoi (VNA) – TheElectricity of Vietnam (EVN) will invest in power projects within local andnational electricity development planning schemes from 2016-2020.
This is the major task set in thegroup’s five-year business plan recently approved by Deputy Prime MinisterTrinh Dinh Dung.
Under the plan, EVN will developrenewable energy and improve environmental protection during the constructionand operation of electricity facilities.
The group will also safely run thenational power grid, ensuring electricity supply and the economic efficiency ofthe electricity system.
Another task is to revamp EVN’ssubsidiaries in line with the master plan for rearranging and restructuring enterprisesin 2017-2020.
Along with developing the competitiveelectricity wholesale market, the group will bring electricity to rural,mountainous and island areas, aiming to help most households in these areas accessthe national power grid by 2020.
During 2016-2020, EVN’s annualcommercial power output is expected to increase by 10.08 percent.
The group plans to put into operationup to 21 turbines with combined capacity of 6,100 MW of 12 projects, includingLai Chau hydropower project (operational in 2016), and the thermal powerprojects of Duyen Hai III, expanded Duyen Hai III, Vinh Tan IV, expanded VinhTan IV and Thai Binh I.
Construction of another eightprojects with a total capacity of 5,540 MW is also set to begin in the period.They are the hydropower projects of expanded Ialy, Hoa Binh and Tri An; and thethermal power projects of expanded Vinh Tan IV with its construction startingin 2016, O Mon III and IV, Quang Trach I and II.
EVN will push preparations for theinvestment in the Tan Phuoc I thermal power project to put the plant intoservice by 2020, while building solar power projects.
About 300 transmission lines of 500kV and 200 kV with 12,200 km in length and 66,000 MVA in capacity oftransformation stations are projected to become operational during the nextfive years.
Other tasks for the group includeimproving the quality of electricity supply, increasing power imports fromLaos, Cambodia and China and building 110 kV and middle-and low-voltage transmissionlines.-VNA
The Electricity of Vietnam (EVN) group will strive to raise the country’s ranking in electricity access index to at least the 60th position among 190 countries and economies in 2018.
The National Power Transmission Corporation plans to disburse over 18.1 trillion VND (797.6 million USD) to finish and put into operation 62 projects and start construction of 43 projects in 2018.
The Electricity of Vietnam (EVN) group said it generated an estimated 14.6 billion kWh of electricity in January, a year-on-year increase of 12.06 percent.
The Electricity of Vietnam Group announced that it has completed the repair and upgrade of a clean energy system on Truong Sa, thus promptly serving local people and soldiers as Tet is approaching.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative image (Source: VNA)
