EVN aims to raise Vietnam’s ranking in electricity access index

The Electricity of Vietnam (EVN) group will strive to raise the country’s ranking in electricity access index to at least the 60th position among 190 countries and economies in 2018.
EVN aims to raise Vietnam’s ranking in electricity access index ảnh 1Deputy Prime Minister Trinh Dinh Dung speaks at the conference on January 4 to set tasks for EVN this year (Photo: VNA)

Hanoi (VNA) – The Electricity of Vietnam (EVN)group will strive to raise the country’s ranking in electricity access index toat least the 60th position among 190 countries and economies in 2018.

This is one of the goals set by the group at aconference to set tasks for this year in Hanoi on January 4.

In the World Bank’s Doing Business 2017,Vietnam’s Getting Electricity Index climbed 32 places from 2016 to the 64thamong 190 countries and economies. It surpassed the 70th position targeted bythe Government.

EVN Deputy General Director Vo Quang Lam saidbasing on projections of power supply and demand in 2018, the group believesthat the electricity system will be able to ensure sufficient supply for theeconomy and daily activities if there are no abnormal situations.

The group aims to produce and buy 210.49 billionkWh of electricity this year, up 9.38 percent from 2017, while working toreduce the rate of power loss by 0.27 percent to 7.2 percent. It also plans toraise labour productivity by 8 – 10 percent from last year.

[EVN saves 55 million USD in production, business costs]

He said to that end, EVN has asked itssubsidiaries to boost the stability and capacity of power generation,especially that of thermal power plants in the Vinh Tan and Duyen Haielectricity centres, and ensure fuel for electricity production. Meanwhile,hydropower companies need to work with localities where they are based for theeffective use of water resources and ensure their reservoirs operate in linewith regulations.

The group will continue carrying out solutionsto further facilitate electricity access, implement the “single-window”mechanism between EVN units and state managerial agencies, and improve itsstaff’s capacity.

At the conference, Deputy Prime Minister TrinhDinh Dung said EVN is the country’s key energy group and needs to continueproving itself as a pillar in power provision. 

It needs to restructure power generation sourcesand replace polluting sources with clean ones. The firm should also acceleratekey investment projects to meet electricity demand in the coming years whilesaving natural resources and protecting the environment, he added.-VNA
VNA

See more

Illustrative image (Photo: tapchitaichinh.vn)

SMEs urged to embrace ESG to unlock green finance

According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.

Farmers in Thoai Son district, An Giang province, harvest the 2025 Winter-Spring rice crop. (Photo: VNA)

A new symbol of responsible production

Vietnamese agricultural products clearing strict technical and quality barriers to reach Japanese dining tables is no longer a rare feat. However, the recent export of 500 tonnes of Japonica rice by Trung An High-Tech Farming JSC in partnership with Japan’s Murase Group carries special significance.

The US dollar at Vietnamese commercial banks has so far this year increased by about 2.6-3% against the dong. (Photo: VNA)

Dollar appreciates in domestic market due to surge in foreign debt repayment

The State Bank of Vietnam (SBV)’s central exchange rate this week even set a new peak, surpassing 25,000 VND per dollar for the first time. The dollar selling price at commercial banks has also remained close to the ceiling, indicating that pressure on the USD/VND exchange rate has not decreased.

From left to right: US Secretary of Commerce Howard Lutnick, Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Ambassador Jamieson Greer, US Trade Representative. (Photo: VNA)

Vietnam, US conclude third round of bilateral trade talks

The two sides also agreed to convene an online working-level meeting in the coming days to continue resolving outstanding issues and prepare for a virtual ministerial dialogue between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Secretary of Commerce Howard Lutnick.

Export hub model opens new pathways for Vietnamese goods in Canada (Photo: VNA)

Model helps boost Vietnamese exports to Canada

In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.

The “Ting Ting Day” Festival opens on June 14 in HCM City (Photo: VNA)

Cashless payment festival launched in HCM City

As of 2024, Vietnam had recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation. Nearly 87% of Vietnamese adults now have bank accounts.