Vietnamese, Russian power companies sign MoU at SPIEF 2023
Russia’s Rosseti power grid company and the National Power Transmission Corporation (EVNNPT), a subordinate company of the Vietnam Electricity (EVN) Group, have signed a Memorandum of Understanding (MoU) to resume their long-term strategic cooperation which has been suspended due to the COVID-19 pandemic.
St. Petersburg (VNA)ꦕ – Russia’s Rosseti power grid companyand the National Power Transmission Corporation (EVNNPT), a subordinate company of the Vietnam Electricity (EVN) Group, have signed aMemorandum of Understanding (MoU) to resume their long-term strategiccooperation which has been suspended due to the COVID-19 pandemic.
Thesigning ceremony took place on the sidelines of the 26th St. Petersburg InternationalEconomic Forum (SPIEF) in Russia. The two companies agreed to develop joint projects based on the capability of each side andthe advancements of Rosseti. They will also collaborate in technology exchange,digital transformation, personnel training, and occupational safety.Additionally, Rosseti will assist EVNNPT in developing primary powertransmission lines and transnational high-voltage power connections in theregion using advanced technologies. EVNNPT Deputy General Director Vu Tran Nguyen said according to the government's plan, Vietnam needs newinvestments worth 15 billion USD to build and modernise over 36,000km of powertransmission lines and put into operation more than 169,000 transformerstations by 2030. To such end, EVNNPT needs to cooperate with global partners,including Rosseti, in various advanced fields. Onthis occasion, the EVNNPT delegation also visited the Training Centre of theNorthwest Power Grid and the remotely controlled 330 kV Volkhov-Severnayasubstation, which is part of the St. Petersburg Energy Belt./.
Vietnam’s Power Engineering Consulting Company 1 (PECC1) on September 20 signed a contract to provide assessment and design services to Tanahu hydropower project in Nepal.
The Thai Binh Thermal Power Company has implemented various measures to respond to COVID-19 pandemic and ensure production at the same time, thus reaching all set targets despite impacts of the pandemic.
The Hung Yen Power Company (Hung Yen PC) is striving to complete the installation and replacement of existing meters by electronic meters for all customers in the northern province by the end of this year, according to Hung Yen PC Vice Director Ngo The Tuyen.
The Hung Yen Power Company in the northern province of Hung Yen has strongly invested in upgrading its grid infrastructure and modernising its management and operation in order to ensure safe and stable power supply, towards meeting the demand in the 2021-2025 period.
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.
Illustrative image (Photo: VNA) 
