The Bac Ai hydropower project has a designed capacity of 1,200 MW, comprising four turbines of 300 MW each, with a total investment of 21.1 trillion VND (802.5 million USD).
Among the flagship projects inaugurated was the expanded Hoa Binh Hydropower Plant with a total installed capacity of 480MW per year and average annual output of about 488 million kWh.
The rating reflects EVNNPC’s standalone credit profile of ‘BB+’, which is on par with both parent company EVN and Vietnam’s sovereign rating of ‘BB+/Stable’. Fitch said the alignment of EVNNPC’s rating with EVN’s reflects the state-owned parent’s full ownership and the high likelihood of government support, consistent with Fitch’s Parent and Subsidiary Linkage Rating Criteria.
Prime Minister Pham Minh Chinh directed ministries and agencies to step up negotiations with Russia on the construction of Ninh Thuan 1 Nuclear Power Plant. The agreement, he noted, should comply with standards of the International Atomic Energy Agency (IAEA) and the Vienna Convention on Civil Liability for Nuclear Damage, and match Vietnam’s conditions.
Discussions focused on key issues including land use after equitisation, valuation methods, the treatment of intangible assets, the responsibilities of valuation consultants, and regulations on mergers, acquisitions, and restructuring of loss-making enterprises.
Vietnam Electricity (EVN) has completed the project 'Developing a Two-Component Electricity Pricing System (Capacity Price and Energy Price) and Roadmap for Implementation in Vietnam’s Power Sector'.
Deputy PM Bui Thanh Son noted that while the adjusted eighth Power Development Plan sets ambitious targets, actual implementation of power generation and grid expansion is still lagging, and the development of clean and renewable energy also remains insufficient.
Resolution 70-NQ/TW marks a new chapter for Vietnam’s energy sector, setting the direction for the country’s energy security strategy through 2030, with a vision to 2045. Yet officials warn that the real challenge lies not in its approval, but in how effectively it is carried out — a task demanding urgency, creativity, and decisive action.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
This is the first project that KfW has lent to EVN in the form of a direct loan, without a government guarantee.
The Deputy PM assigned the Ministry of Construction to work with each locality the railway passes through to review the project site, particularly the sections that run through core natural forest areas, cultural heritage sites, defence-security zones, or densly populated residential areas.
Prime Minister Pham Minh Chinh has signed an official dispatch on urgent measures to guarantee sufficient electricity supply during the peak months of 2025 and beyond.
Vietnam targets being among the top four ASEAN countries for electricity reliability and in the top three for ease of electricity access.
Recognising the scale and complexity of this project as unprecedented in Vietnam, the Government has directed relevant ministries, provincial authorities, and specialised agencies to urgently establish the necessary legal and procedural groundwork.
A prison sentence of six to seven years was proposed for former Deputy Minister of Industry and Trade Hoang Quoc Vuong for "abusing position and power while performing duties" in a solar power case.
Specifically, the proposed framework sets the price at 3,975.1 VND/kWh for the northern region (including Quang Ninh, Hai Phong, and Thai Binh), 3,078.9 VND/kWh for the south-central coastal region (Binh Thuan), and 3,868.5 VND/kWh for the southern region (Ba Ria – Vung Tau).
The 500 kV Lao Cai – Vinh Yen transmission line is a strategic national infrastructure project approved by the Government, with Vietnam Electricity (EVN) as the investor. The double-circuit transmission line will span 229.5 kilometers, with 468 tower foundations across the four northern provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc. The total investment for the project is over 7.41 trillion VND (290.41 million USD).
Power Transmission Company No. 3 (PTC3) manages the power grid across nine provinces in Vietnam’s central and Central Highlands regions, overseeing 2,338 km of 500kV transmission lines and six substations. To ensure safe and stable operations, PTC3 applies advanced technology in management, enhancing power efficiency and supporting national development.
The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.
Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).