PM orders sufficient power supply for socio-economic development

Prime Minister Pham Minh Chinh ordered sufficient power supply for production and daily activities, especially during peak season, while chairing a meeting in Hanoi on May 23.

PM Pham Minh Chinh chairs a meeting with ministries, sectors and localities on power supply in 2024. (Photo: VNA)
PM Pham Minh Chinh chairs a meeting with ministries, sectors and localities on power supply in 2024. (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh ordered sufficient power supply for production and daily activities, especially during peak season, while chairing a meeting in Hanoi on May 23.

As the economy has recovered well, demand for materials and fuels, including electricity, has been on the rise, he said, adding power need in 2024 is expected to rise 9%. However, there was a time in Q1 it even expanded 17%.

Recognising the progress of the 500kV Circuit-3 transmission line project which spans 519 kilometres from the central province of Quang Binh’s Quang Trach district to the northern province Hung Yen’s Pho Noi, PM Chinh laid a stress on the significance of the project to the socio-economic development, particularly when extreme heat will scorch large parts of the nation in June and July.

He requested ministries, sectors, and localities continue giving weight to the project, promoting smooth coordination in production, transport and installation of power poles, accelerating the site clearance work and the import of materials and equipment, while mobilising resources and vehicles for the project.

The Government leader ordered relevant sides to keep close tabs on the construction work and make concerted efforts to improve quality as well as assure safety, environmental hygiene and legitimate rights of local residents, highlighting the transmission line must be put into operation before June 30.

Although the national power grid will be able to meet the socio-economic development, PM Chinh requested them to keep a close watch on the situation and take measures to respond to possible scenarios.

It is necessary to diversify power sources, prepare fuels for electricity generation, and ensure water levels in reservoirs for power and agricultural production and flood prevention, he said, adding they must ramp up efforts to complete and issue documents on the development of wind and solar power in the spirit of harmonised benefits and shared risk.

Furthermore, he stated that electricity must be rationally priced to mobilise all resources for power development as well as ensure locals and businesses’ affordability and the economy’s resilience, adding communications work must be enhanced to raise public awareness about safe and effective use of electricity.

According to the Ministry of Industry and Trade and the EVN, power consumption was some 124.1 billion kWh during January-May, up 12.1% year-on-year. The national maximum capacity topped 47,600 MW in the end of April, with average daily consumption of 987.39 million KWh, up 13.2% and 6.87% against the same time last year./.

VNA

See more

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

The daily reference exchange rate for the US dollar is set at 24,960 VND/USD on April 29. (Photo: VNA)

Reference exchange rate down April 29

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,960 VND/USD on April 29, down 4 VND from April 28.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

The talks between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Cambodian Minister of Commerce Cham Nimul on April 28 (Photo: VNA)

Vietnam, Cambodia seek ways to bolster economic, trade ties

Vietnam and Cambodia inked an agreement on promoting bilateral trade for the 2025–2026 period, which provides preferential tariffs for many competitive goods from each side – much more favourable than those under the ASEAN Trade in Goods Agreement (ATIGA).

President of Vietnam Luong Cuong (10th from left), Party General Secretary and President of Laos Thongloun Sisoulith (ninth from left), and officials of the two countries at the inauguration ceremony of Wharf No. 3 of Lao - Viet International Port on April 28 (Photo: VNA)

New wharf at Lao - Viet Int’l Port inaugurated

The launch of Wharf No. 3 of Lao - Viet International Port expected to help ensure infrastructure for socio-economic development in both Vietnam and Laos, meeting the increasing demand for goods transportation.

Vietnamese Ambassador to Brazil Bui Van Nghi (centre), who is concurrently in charge of Peru pays a courtesy visit to Peru's Deputy Foreign Minister Felix Denegri Boza. (Photo published by VNA)

Vietnam, Peru step up economic and trade cooperation

Peru is currently Vietnam’s sixth-largest trading partner in Latin America. However, the trade value, standing at 518 million USD, remains modest compared to the potential and real demand between the two complementary economies.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi on April 28. (Photo: VNA)

Deputy PM vows optimal conditions for firms to expand investment in int’l financial centres

Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.