The rapid growth of artificial intelligence (AI) and data centre industries will also drive a sharp increase in peak electricity demand, an official noted, adding that peak demand in Peninsular Malaysia is projected to grow at a compound annual growth rate of 5.1% between 2026 and 2035, rising from 21.3 GW in 2026 to 33.5 GW by 2035.
In northern Vietnam alone, peak capacity climbed to 29,667MW on May 25, around 1,700MW higher than the previous day and 5.3% above the 2025 record. The region accounted for more than half of the country’s total electricity consumption, using 603 million kWh.
As Vietnam’s electricity consumption demand in 2025 is forecast to show double digit growth, 10.5-13% compared to 2024, manufacturing needs to have long-term investment strategies to minimise risks from fluctuations in prices and supply, experts said.
Electricity of Vietnam (EVN) has forecast the average electricity consumption will rise 6.4% to 793.8 million kWh per day in July, as heat waves are expected to hit the northern and central regions.
The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.
The Ministry of Industry and Trade (MoIT) is considering allowing households to choose a common retail power price for their electricity consumption, said Deputy Minister Hoang Quoc Vuong.
As many as 24,300 rooftop solar power projects with a total capacity of 465.8 MWp have been installed and put into operation by early March, according to the Electricity of Vietnam (EVN).
The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to invest more in Vietnam, especially in the manufacturing of electronic equipment and developing smart grid networks.
PetroVietnam Power Corporation (PV Power) recorded a consolidated net profit of 780 billion VND (34.2 million USD) in the first quarter, a growth of 30.6 percent against the same period of last year.
Electricity consumption in the capital city was forecast to sharply increase this month due to extremely hot weather, said the Electricity of Vietnam Corporation (EVN).
Vietnam’s producer price index (PPI) in the first quarter of the year tapered off 0.73 percent from the previous quarter and 1.01 percent down against the same period last year.
