​Vietnam targets being among the top four ASEAN countries for electricity reliability and in the top three for ease of electricity access.

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) said it gained nearly 8.5 trillion VND (2.24 billion USD) in revenue in the first four months of this year, a year-on-year increase of 4%.

Production and business activities of domestic enterprises have shown positive signs of recovery. Many enterprises have obtained orders for the second or even the third quarter of 2024.

Prime Minister Pham Minh Chinh has demanded power supply be guaranteed for production and business activities as well as people’s daily life during the rest of 2023 and next year.

The Vietnam Electricity (EVN) Group has suggested the Government, ministries and agencies allow it to revise up retail electricity prices in the coming time to ensure a balance in its production and business operations, heard a seminar held by the Vietnam Energy Association in Hanoi on July 28.

The Vietnam Oil and Gas Group (Petrovietnam) earned 334 trillion VND (14.2 billion USD) in total revenue in the first five months of 2023, 20% higher than the target for the period, statistics show.

Reservoirs of hydropower plants in northern localities on June 12 received an additional water amount 28% higher than that of June 11, which helps lift some of them from the “dead level” - the minimum to ensure power generation.

The drying out of rivers around Vietnam has forced 11 hydropower plants to cease electricity generation, straining the country’s power grid as it already buckles under the scorching hot summer.

JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported.

To develop a green and sustainable economy and adapt to climate change, Vietnam has been stepping up energy transition by capitalising on internal strength and enhancing cooperation with development partners, an official has said.

Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season.

Vietnam’s power generation capacity is projected to reach 146,000 MW by 2030, according to a Deputy Prime Minister Le Van Thanh's conclusion at a conference with localities regarding the completion of the National Power Development Plan for the 2021 - 2030 period.

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on April 3 to look into the electricity supply and the provision of coal and gas for power generation.

Philippine Secretary of Energy Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying the policy will be detrimental to economies heavily reliant on the fuel for power generation, Reuters reported.

The state-owned Vietnam Electricity (EVN) reported a profit of nearly 700 billion VND (30.29 million USD) from ít power generation and business activities in 2018, according to the MoIT.

The state-run Electricity Generating Authority of Thailand (Egat) is preparing to develop the country's first floating storage regasification unit (FSRU) worth 24.5 billion baht (807.8 million USD) to support its business plan to import liquefied natural gas (LNG) from 2020.

Many Indian enterprises are interested in cooperating with Ho Chi Minh City in waste treatment and management, renewable energy and power generation.

Developing renewable energy is one of the priorities of Vietnam to gradually reduce the dependence on traditional forms of power generation in order to protect the environment and promote sustainable development of the country and others in the region, Deputy Minister of Industry and Trade Cao Quoc Hung said at an international workshop in Hanoi on March 12.

Electricity supply from Vietnam has facilitated economic development in Laos and improved living standards of villagers in border districts, said Vilaphorn, assistant to Director of the Electricity Corporation of Laos (Electricite Du Laos - EDL) on August 7.

The Power Generation Corporation 2 (EVNGENCO2) is taking necessary steps to conduct the first public offering (IPO) in June, according to newly-appointed Director General Truong Hoang Vu.