Vietnam Electricity's (EVN) Standalone Credit Profile (SCP) of 'bb' has reasonable headroom to absorb the impact of the proposed reduction in electricity tariffs in the country, Fitch Ratings said in a report released on Wednesday.
Power supply to be ensured next year
Power supply for production and domestic consumption in 2020 would be ensured, according to the Ministry of Industry and Trade (MoIT).
Electricity of Vietnam group told to stick to tiered pricing model
Viet Nam's largest electricity producer barely managed to break even during 2016-18 and lacks resources to maintain financial stability and growth.
Authorities to have check-up on Vietnam Electricity’s power production costs
The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Vietnam Electricity (EVN) from last year.
Experts call for allowing private capital in power grid construction
With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to EVN for operation.
Vietnam owns abundant potential for renewable energy development
Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050.
Government’s press conference talks issues of concern
Representatives from ministries and agencies made clear issues of public concern, such as the fight against counterfeit and fake goods and use of renewable energy during the government’s regular press conference in Hanoi on May 31.