The precocious summer this year with the sun turning up right in early March has led to the higher than expected electricity consumption.

 VietNamNet Bridge – An input cost increase of 2% over the current average retail price of electricity is a sufficient condition for Vietnam Electricity Group (EVN) to propose a new round of power price hikes,

The retail electricity price may increase continuously, which would put a heavy burden on households and businesses, since MOET plans to give more power to the Electricity of Vietnam (EVN) in defining the electricity price.

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 – The Ministry of Science and Technology will conduct a VND200 billion (over US$9.5 million) information project on nuclear power development.

It is expected that the electricity price needs to be raised by 40 percent by the end of 2015 in order to offset the losses EVN incurs when it has to sell electricity at the prices lower than the production costs.

VietNamNet Bridge – Complaining about difficulties in 2013, most state-owned economic groups asked the Prime Minister for a specific mechanism.

Cashew growers face uncertain future; Growth in services sector outstrips GDP; Official calls on Vinacomin to sell down coal stockpiles; Vietnam to put coins back into circulation; Nation urged to make IT a spearhead industry

A tough year for rice exports; Coal sector urged to settle inventories; Vietnam to get US$1.36 bln in ADB loans in 2013; Tet market prices under strict scrutiny; Preferential policies attract new businesses to HCM City

Power companies all have reported big profits for 2012 with the profits up by 1.5-4 times in comparison with the last year. Meanwhile, the Electricity of Vietnam (EVN) expects the profit of VND3.5-4 trillion.

VietNamNet Bridge – Reports on the feasibility of two nuclear power plants would be completed next year, then submitted to the Government, said Nguyen Manh Hung, deputy head of the project management board. 

VN has around 140 million phone subscribers; Awards honour best resorts; Vietnam Electricity to increase rates in 2013; Pyramid scheme firms grind to a halt; Remittances to turn heads