PM gives greenlight to equitisation of power-generating companies
Prime Minister Nguyen Xuan Phuc has approved the equitisation of electricity-generation corporations under the Electricity of Vietnam (EVN), the Vietnam National Oil and Gas Group ( PetroVietnam).
The O Mon Thermal Power Plant in Can Tho city. (Source: per8.com)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has approved the equitisation of electricity-generation corporations under the Electricity of Vietnam (EVN), the Vietnam National Oil and Gas Group ( PetroVietnam) and the Vietnam National Coal and Mineral Industries Group ( Vinacomin ).
Until 2018, the corporations will still be controlledby the EVN, PetroVietnam and Vinacomin but the shareholding ratio of these holding companies will be below the controlling level.
They will be considered to separatefrom the holding companies once their operation outcomes are announced after two years from equitisation.
The PM assigned the Ministry of Industry and Trade (MoIT) to receive feedback to complete the project on restructuring the electricity sector during 2016-2020 with a vision to 2050.
The PM said building acompetitive electricity wholesale market and restructuring the power sector must ensure the goal of improvingthe business effectiveness of the sector while boosting transparency, equality, and healthy competitiveness amid the international integration.
Measures to be taken must ensure sufficient electricity supply to all socio-economic activities, he added.
Restructuring the electricity sector needs aroadmap suitable tothe progress of the competitive electricity wholesale market while preparations should be made for the development of an electricity retail market.
The sector must attractreasonable investment from society with the government keeping control over national electricity transmission and the construction and operation of large power plants.
The PM also entrusted the MoIT to work with the EV൩N to review the equitisation of electricity corporations and their affiliates as well as the State management for the operation of the power sector in order to improve the efficien🤡cy of the work.-VNA
The Trade Union of the Electricity of Vietnam (EVN) and the All-Russian Electric Trade Union (ARETU) have signed an agreement on delegation exchange for 2016-2021.
Vietnam has jumped five places to 96th position in terms of electricity access, one of the criteria the World Bank uses to rank 189 economies on the ease of doing business.
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.
The O Mon Thermal Power Plant in Can Tho city. (Source: per8.com)
