Vietnam aims to fine-tune national power development
ietnam will promote development of renewable energy resources, aiming to increase the proportion of power produced from these sources in the national electricity structure.
Hanoi (VNA) – Vietnam will promote development of renewable energy🃏 resources, aiming to increase the proportion of power produced from these sources in the national electricity structure.
Under an adjusted plan on electricity development from 2011 to 2020 with a vision to 2030 that was approved recently, around 148 billion USD will be invested in the work in the period (excluding projects invested in the build-operate-transfer (BOT) form).
Priorities will be given to developing hydropower plants – especially projects that can prevent flooding, supply water and produce electricity. Research will be made toward building pumped-storage hydropower plants in line with the development of the national electricity system, thus bettering the operation of the electricity system.
Total capacity of hydropower plants across the country is expected to increase to 21,600 MW by 2020, about 24,600 MW by 2025 and around 27,800 MW by 2030.
Meanwhile, total capacity of wind and solar power plants will reach 800 MW, and 850 MW respectively by 2020. The figures were hoped to hit 2,000 MW and 4,000 MW by 2025, and 6,000 MW and 12,000 MW by 2030.
The country also aims to lift total capacity of thermal power plants nationwide to 26,000 MW by 2020, generating about 131 billion kWh of power and accounting for 49.3 percent of total electricity output.
The plan stressed the necessity for maximum use of domestic coal resources for northern thermal power plants, and for building a number of plants in the Duyen Hai, Long Phu, Song Hau and Long An electricity centres, which will use imported coal.
Vietnam plans to put its first nuclear power plant into operation in 2028. It will produce about 32.5 billion kWh by 2030, 5.7 percent of total power generation.
Electricity infrastructure nationwide will also be upgraded.
Gas-insulated substations (GIS), transformer stations, underground substations and self-operation transformers will be constructed, while smart electricity grid technology will be used to transmit electricity.-VNA
Outcomes of a two-year project on water supply using renewable energy in the Mekong Delta region were reviewed at a recent workshop held in Can Tho City.
As traditional sources of energy like coal and petroleum are quickly becoming exhausted, resulting in high prices and unstable supply, Vietnam is seeking renewable resources.
A ceremony was held on January 16 in Quang Ninh province to celebrate the commercial operation of the 1,080 MW Mong Duong 1 thermo power plant, in the presence of Deputy PM Hoang Trung Hai.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Source: Internet)
