Ministry proposes removing coal plants from energy plan
The Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.
Hanoi (VNA) – ꦫThe Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.
The move aims to achieve the target of net zero emissions by 2050, the ministry explained, adding that the plants were included in Power Development Plan VII (for 2011-20).
Out of the 14,120 MW, 8,420 MW are from coal plants where State-owned enterprises have been assigned as the main investors, including Electricity of Vietnam (EVN), the Vietnam Oil and Gas Group (PVN) and the Vietnam Coal and Mineral Industries Group.
The ministry also wants to reduce the ratio of coal-fired power sources from 25.7-31% in 2030 to around 10% in 2045.
🎐 It plans to increase output from LNG-fueled and renewable plants to offset the cut in coal use, with about 14,000 MW of LNG during the 2030-2045 period, and 11,700-13,921 MW of wind power by 2030./.
Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, said she expected Vietnam can show that there’s a different way to do development and that amidst the uncertain global economic outlook, Vietnam can prove itself as an attractive place for investment by doing a greener, more inclusive development.
The Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN), and experts shared the view that power supply will be basically guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.
The potential of renewable energy sources, especially wind and solar power, is one of the keys to Vietnam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity, according to experts.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Illustrative image (Source: VNA)
