With the demand for electricity increasing rapidly and supply and a sense of economical use more limited, saving electricity is deemed an important tool during possible periods of crisis in the future.

The risk of a coal shortage and high input material prices have affected thermal power businesses, while hydropower enterprises are expected to benefit from the higher power selling prices compared to last year.

Global market exposure is an impetus for the government to support the power sector’s decarbonisation.

Nguyen Duc Ninh, Director of the National Power Regulation Centre, has said Vietnam will cut its renewable electricity capacity due to oversupply.

Vietnam aims to raise its renewable energy sources to 15-20 per cent of the total energy supply by 2030 and 25-30 cent by 2045.

In spite of numerous difficulties, the investors of four thermal power plant projects under the build-operate-transfer (BOT) model are rushing to start operation and begin generating power for the national grid.

Minister of Industry and Trade Tran Tuan Anh has admitted challenges facing the energy sector which would continue resulting in the country’s power shortage.

The Vietnamese Government and Ministry of Industry and Trade planned to create favourable conditions for Japanese enterprises to research, survey and deploy liquefied natural gas (LNG) projects in Vietnam as it attempted to develop its use

The Ministry of Industry and Trade has called for a pilot scheme on realizing a bidding mechanism for solar power projects in 2020 prior to the official launch and widespread implementation of such bidding as from 2021.

 VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) must finalise all conditions that will help develop the competitive power generation market (VCGM) and get it trial-ready by 2016.