electricity

Don't Miss:

18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )
16/04/2024 Google Chat working on adding group audio and video call function within Gmail Spaces ( General )
15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )
11/04/2024 Samsung adds more language availability within Galaxy AI ( Electronics )
11/04/2024 YouTube Music promises Podcasts will get better on the platform ( General )
09/04/2024 WhatsApp to roll out new photo library shortcut for faster sharing ( General )
09/04/2024 Google Messages will soon start to warn you when tapping on links sent by unknown senders ( General )
08/04/2024 Siri might end up King in the realm of digital assistants after iOS 18 AI makeover ( Electronics )
05/04/2024 Google’s “Find My Device” network reportedly launching in 3 days ( General )
04/04/2024 Instagram, Facebook, Whatsapp users are reporting a “Major Disruption” worldwide ( General )

Retail Asia09/04/2024

Power consumption in Vietnam this summer is expected to increase by 13% year-on-year between May and July, 9.6% higher than forecast, posing possible supply challenges. This is because the weather is expected to become hot sooner than normal, and this could cause pressure on supply, especially in the north, Nguyen Quoc Trung, deputy director of […]

CONTINUE READING

Retail Asia07/03/2024

Households in Hanoi have received electricity bills two or three times higher than usual this month after national utility Electricity Vietnam (EVN) postponed its meter reading date. Minh of Ha Dong District said the power consumed and bill for January are both more than double the usual at 2,127 kWh and VND6.7 million (US$271.4) though […]

CONTINUE READING

Retail Asia28/02/2024

According to national utility Vietnam Electricity, seven Lao wind energy plants want to sell a total of 4,150 MW to Vietnam. It will be done in phases, with 682MW supplied before 2025 and the rest gradually after that. Vietnam will be keen on accepting the offer. If the National Energy Master Plan is carried out […]

CONTINUE READING

Retail Asia29/01/2024

The Ministry of Industry and Trade has proposed a hike in electricity prices this year after pushing it up 7.5% last year to narrow down the loss of national utility Vietnam Electricity (EVN). The ministry eyes increasing prices in May this year to cover rising costs and help the state-owned EVN to pay for power […]

CONTINUE READING

Retail Asia20/12/2023

Vietnam Electricity wants to import wind power from Laos as it seeks to combat a looming shortage in the northern region. Several wind power investors in Laos with a combined capacity of 4,149 megawatts want to sell electricity to Vietnam, the national utility said in a report to the Ministry of Industry and Trade. The […]

CONTINUE READING

Retail Asia12/12/2023

The Ministry of Industry and Trade has proposed installing another power transmission line to Laos to increase supply. It would help ensure energy security for northern Vietnam, especially during the dry season, as no new major power plant is set to go on stream until 2025, Minister of Industry and Trade Nguyen Hong Dien said […]

CONTINUE READING

Retail Asia10/11/2023

Starting Thursday, Vietnam’s power prices increased by 4.5% to over VND2,000 (8.2 U.S. cents) per kWh, the second time they went up this year. Average power prices have increased from VND1,920.37 to VND2,006.79 per kWh, just six months after prices increased by 3% in May, state-owned Vietnam Electricity (EVN) announced. Nguyen Quoc Dung, head of […]

CONTINUE READING

Retail Asia17/10/2023

With the construction of many large power plants stalling or slowing and the dependence on imports for energy increasing, electricity shortages are possible until 2050, lawmakers fear. According to a report on energy development in 2016-21 done recently by a supervisory team form the National Assembly Standing Committee, Vietnam’s primary energy resources are increasingly depleting […]

CONTINUE READING

Retail Asia27/09/2023

Vietnam Electricity (EVN) is seeking approval from the government to speed up the import of electricity from Laos since shortages are forecast in the northern region. It plans to import electricity equivalent to 225 MW from the Nam Mo and Houay Koauan hydropower plants. It is also seeking permission to link up the Savan 1 […]

CONTINUE READING

Retail Asia13/09/2023

Vietnam has been making policy changes to open up the electricity industry to private investors, but still remains far from creating a competitive market. Until 2006 state-owned Vietnam Electricity (EVN) owned all power plants in the country, but its monopoly has been reducing since, and it now only accounts directly or indirectly for around 37.6% […]

CONTINUE READING

Retail Asia22/08/2023

National utility Electricity of Vietnam (EVN) has agreed with a proposal of the Ministry of Industry and Trade to review retail electricity prices every three months to decide whether to make any adjustments. If production costs increase by 3-5%, EVN is allowed to raise retail prices accordingly, but it needs to wait at least three […]

CONTINUE READING

Retail Asia31/07/2023

Vietnam Electricity has sought the Government’s permission to hike power tariffs soon saying production costs have risen sharply. The average electricity price was increased by 3% on May 4 to VND1,920.37 (8 U.S. cents) per kilowatt-hour (kWh). But the cost of production had surged by 9.27% last year to VND2,032.26, and so its financial situation […]

CONTINUE READING

Retail Asia24/07/2023

Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines. Laos has been an important supplier of […]

CONTINUE READING

Retail Asia19/07/2023

Hydropower plants in northern Vietnam have pumped up their production by almost a quarter compared to earlier this month, to release water amid forecasts of heavy rain caused by Storm Talim. Water levels at most hydropower plants are now 10-20 meters higher than the minimum level for power production, according to the Ministry of Industry […]

CONTINUE READING

Retail Asia14/07/2023

Oil and gas giant Petrovietnam has liquidity issues because it has not been able to collect payables of VND23 trillion ($971 million) from state-owned utility Vietnam Electricity. Over VND14 trillion of the amount is past due, and this is having a major impact on its own business, the oil company said in its first-half financial […]

CONTINUE READING

Retail Asia05/05/2023

The cost of electricity will increase 3% starting Thursday, due to rising input and production costs. The hike to VND1,920.37 (8.2 cents) per kWh, excluding VAT, decided by Vietnam Electricity (EVN) and approved by the Government and the Ministry of Industry and Trade marks the end of four years of unchanged electricity prices. Vietnam’s electricity […]

CONTINUE READING

Retail Asia06/04/2023

The Ministry of Industry and Trade is considering an electricity price hike following the huge loss reported by state utility Vietnam Electricity (EVN) for last year. “The rate and time of the increase will be considered carefully to safeguard the benefits of EVN, the public and businesses and control inflation,” Deputy Minister of Industry and […]

CONTINUE READING

Retail Asia07/02/2023

Vietnam has raised its electricity price range by double-digits for the first time since 2017, paving the way for a hike in retail prices. The minimum electricity price was increased 13.7% to VND1,826.22 (7.8 U.S. cents) per kilowatt-hour beginning February 3, according to a decision signed by Deputy Prime Minister Le Minh Khai. The maximum […]

CONTINUE READING

Retail Asia06/01/2023

Electricity supply, made up of both domestic production and imports, is set to increase by 5.96% from last year to 284.5 billion kilowatt-hours in 2023. The Ministry of Industry and Trade ordered the country’s main coal producers, Vinacomin and Dong Bac Corp, to ensure adequate supply for power production this year. Last year Vinacomin supplied […]

CONTINUE READING

Retail Asia29/11/2022

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil, and gas since the beginning of this year had caused its production costs and purchase prices of electricity it bought from other power […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X