Business

PV Power targets 1,707 million KWh of electricity in November

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), set a goal of producing 1,707 million KWh of power and earning nearly 2.5 trillion VND (110.3 million USD) in November.
PV Power targets 1,707 million KWh of electricity in November ảnh 1PV Power targets 1,707 million KWh of electricity in November (Photo: VNA)

Hanoi (VNA) - The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), set a goal of producing 1,707 million KWh of power and earning nearly 2.5 trillion VND (110.3 million USD) in November.

To accomplish this goal, PV Power continues to strengthen measures to prevent the COVID-19 pandemic and ensure safe, stable and efficient operation of its power plants.

According to PV Power, its power plants’ electricity output in October reached 598.7 million kWh and its revenue last month was estimated at over 1 trillion VND, raising the 10-month respective figures to 12,797 million kWh and 21,727 billion VND.

Apart from producing power, PV Power has also actively implemented investment projects.

On October 24, the Quang Ninh liquefied natural gas (LNG) power project, jointly implemented by a joint venture of four investors: PV Power, Colavi, Tokyo Gas and Marubeni, officially kicked off. This is the first power plant project using imported LNG in the northern region with an expected capacity of 1,500 MW./.

VNA
#PV Power #COVID-19 pandemic #investment project #imported LNG #Vietnamplus #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

PV Power rated “Positive” by Fitch Ratings

PV Power rated “Positive” by Fitch Ratings

Credit ratings agency Fitch Ratings has for the first time assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook.

See more

Prime Minister Pham Minh Chinh addresses the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Entire Cao Bang - Ca Mau expressway must be inaugurated on December 19: PM

PM Chinh, who is head of the steering committee, asked all parties involved to strive hard to achieve the goal of putting 3,000 kilometres of expressways and approximately 1,700 kilometres of coastal roads into operation in 2025, thus creating momentum to welcome the 14th National Party Congress and meeting the travel needs of the people during New Year 2026 and the Lunar New Year Festival.

Prime Minister Pham Minh Chinh (C) presides over the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Government leader presides over meeting on national key transport projects

Noting that there are less than two months left until December 19 - the date set for the simultaneous ground-breaking and inauguration ceremonies of major projects, the PM emphasised that this is a crucial period to accelerate progress and make breakthroughs in the implementation of key projects and works.

Harvesting cage-farmed tilapia (Photo: VNA)

Vietnam exports first shipment of tilapia to Brazil

This shipment is one of 32 containers, totalling 700 tonnes of tilapia, ordered and imported by JBS Group from Vietnam. The products will first be distributed through HORECA supermarket and distribution network, and showcased in JBS's product display centre in Brazil.

Road leading to VSIP Can Tho at the intersection with National Highway 80 (Photo: VNA)

Green industry lures more FDI to Mekong Delta

The Mekong Delta region, having earned the monikers of the rice bowl, fruit and seafood basket of the country, and following the restructuring of administrative units, is now standing at the threshold of becoming a modern, sustainable industrial centre.

The codification of Resolution 42 into the law, effective from mid this month, is an important step, marking a key milestone in completing Vietnam’s NPL resolution process. (Photo: thoibaonganhang.vn)

Bad debt settlement fully benefits from new policy from H2 2026

Resolution 42, enacted in 2017 to pilot bad debt settlement for credit institutions, was introduced in response to a sharp rise in non-performing loans (NPLs). It empowered credit institutions to seize and liquidate collateral assets, expediting debt recovery. After more than six years of implementation, the resolution delivered certain results but expired last year.

The total retail sales of goods and consumer service revenue were estimated at 5.7 quadrillion VND for the first 10 months of the year. (Photo: VNA)

Retail sales growth remains stable over 10 months

With the current recovery momentum, the trade and services sector is expected to continue being a bright spot in Q4, driving GDP growth and ensuring a balance between domestic consumption and exports amid ongoing global economic fluctuations.

Delegates at the event (Photo: Ministry of Finance)

ASEAN meeting to drive regional cooperation, growth by removing barriers

Running from November 5–11, CCS 111 focuses on advancing service liberalisation and facilitation in ASEAN by removing barriers, enhancing transparency, reducing policy risks, and simplifying administrative procedures to enable businesses and service providers to operate more efficiently.

Goods at Hai Phong Port in northern port city of Hai Phong. (Photo: VNA)

Vietnam determined to build transparent global trade system

The Government of Vietnam on November 6 updated the World Trade Organisation (WTO)’s Committee on Rules of Origin (CRO) on adjustments to the agencies and organisations authorised to issue certificates of origin (C/O), as well as on the application of QR codes in the C/O issuance process.

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations (Photo: VNA)

Vietnam opens largest int’l semiconductor exhibition

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations such as Lam Research, Coherent, Qorvo, Amkor, GlobalFoundries, Micron, Tokyo Electron, KLA, STMicroelectronics, Soitec, and Siemens.

Consumers learn about Hanoi's OCOP products. (Photo: VNA)

Hanoi launches digital booths to promote e-commerce

Hanoi will open an online store showcasing Hanoi's products on the e-commerce platform Shopee. It will introduce digital tools such as electronic signatures, e-contracts, e-invoices, and product traceability systems for local producers and businesses participating in the booth.