Tag: power

Retail Asia10/11/2023
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2min0
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 […]

Retail Asia17/10/2023
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3min0
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 […]

Retail Asia22/08/2023
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2min0
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 […]

Retail Asia24/07/2023
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2min0
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 […]

Retail Asia19/07/2023
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4min0
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 […]

Retail Asia14/07/2023
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1min0
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 […]

Retail Asia11/07/2023
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3min0
The European Chamber of Commerce in Vietnam (EuroCham) has called on the government to focus on long-term plans to mitigate power shortages, which it fears are cyclical. Power shortages were among the concerns raised by EuroCham in its second quarter Business Confidence Index report. A survey of its member companies found the recent power shortage significantly affected […]

Retail Asia06/04/2023
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2min0
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 […]

Retail Asia29/11/2022
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2min0
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 […]

Retail Asia20/07/2022
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2min0
Power output in the northern region topped 22,800 megawatts at noon on Monday, 9 percent higher than last year’s peak, amid an ongoing heatwave. Hanoi and 14 provinces in the northern and central regions have been recording temperatures of up to 38 degrees Celsius (100 degrees Fahrenheit), and the heatwave is likely to continue for […]

Retail Asia24/06/2022
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1min0
Power consumption soared to an all-time high of 45,528 megawatts at noon Tuesday as people turned on air-conditioners and other devices to beat the searing heat. It was 6,000 MW higher than last week’s average, Nguyen Duc Ninh, director of the National Load Despatch Center, said at a conference Wednesday. The north led with demand […]

Retail Asia17/01/2022
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1min0
After adding 3,420 megawatts of power capacity last year, Vietnam now leads Southeast Asia with 76,620 MW. It represented a 9.8 percent increase in capacity, CEO of national utility Vietnam Electricity (EVN), Tran Dinh Nhan, said at a forum Friday. He however expressed concern that 27 percent of it is from renewable sources and this […]

Retail Asia28/06/2021
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3min0
The wholly-owned subsidiary of bourse operator Singapore Exchange (SGX) said on Thursday it will broaden its range of enforcement powers and require issuers to implement a whistleblowing policy. The move follows a public consultation, in which market participants had broadly supported the changes to listing rules, Singapore Exchange Regulation (SGX RegCo) said in an announcement. This will pave the way for […]


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