Electricity consumption has dropped sharply because of Covid-19. As a result, power plants have had to cut generation capacity.

Vietnam needs about $128.3 billion of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).

Input costs for both solar and wind power in Vietnam fell respective 75% and 30% in 2012-2017.

Vietnam Electricity (EVN) announced there were only a few cases of incorrect electricity bills after checking its records from June 25 to July 3.

The Ministry of Industry and Trade (MoIT) is considering allowing households to choose a common retail power price for their electricity consumption, said deputy minister Hoang Quoc Vuong.

The southern region may face severe electricity shortage starting from 2021, according to the Electricity of Vietnam Group (EVN).

The national electricity plan for the 2011-2020 period with a vision toward 2030 or the seventh electricity plan has failed to meet progress requirements, 

Vaibhav Saxena, foreign lawyer at Vietnam International Law Firm, discusses how Decision No.13/2020/QD-TTg will impact the Vietnamese solar power market.

Coal remains the most practical option in the near-term to stimulate affordable electricity generation growth at the pace and scale needed by the country, said Fitch Solutions.

Electricity of Vietnam (EVN) have signed five contracts to buy electricity from two Lao firms in the 2021-2022 period following Prime Minister Nguyen Xuan Phuc’s approval.

Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week.

 Power and aviation companies are among the industries forecast for better things this year, according to industry analysts.

 VietNamNet Bridge – Ministries and branches, in response to the heavy criticism from the public that their mismanagement has led to a higher consumer price index, said that the goods prices in Vietnam are lower than many other countries.

 VietNamNet Bridge – The Electricity of Vietnam (EVN) has become the biggest debtor of commercial banks with the total outstanding loans having reached VND144 trillion.

 VietNamNet Bridge – The New Energy and Industrial Technology Development Organization (NEDO) of Japan has granted 1,770 million Japanese yen (over VND472.1 million) in non-refundable aid to a Hanoi-based plant to generate electricity from waste.

The increase of coal and gas prices made input costs of the Electricity of Vietnam Group or EVN rise by VND7.2 trillion in 2013. In the first half of the year, EVN’s debts to the gas and coal groups nearly VND10 trillion ($476 million).

 VietNamNet Bridge – Every time when the Electricity of Vietnam (EVN) plans to raise the retail electricity price, the war between the power generator and steel mills escalates.

The strategic cooperation of the three big guys in the energy sector is believed to harm the national economy because it would make the market monopoly become more serious.

 VietNamNet Bridge – Lawmakers backed the Government’s proposal to allocate more than VND5.524 trillion (US$263 million) in Government bonds to important projects