The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.
The Ministry of Industry and Trade has completed and officially submitted the Power Development Plan VIII to the Government. This plan considers developing hydroelectricity and renewable energy projects at an appropriate scale.
Vietnam exported around 3.2 million tonnes of pellets of various types last year, making it the world’s second largest exporter of the products, according to the General Department of Customs.
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 Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.
The Energy Ministry of Thailand expects the solar power project for household rooftops to achieve its projection of 15,000 participants by year-end thanks to the popularity of the trend and declining investment costs in the sector, according to local media.
Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if Vietnam Electricity (EVN) had correctly calculated the 3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.
Vietnam Electricity (EVN)’s Power Generation Corporation 1 (EVNGENCO1) said on March 8 that it has built a coordination plan to ensure coal supply for thermal power production.
Firms established in the past 11 months of this year registered the employment of 1.1 million workers, which showed a drop of 4.5 percent year-on-year, according to the General Statistics Office (GSO).
Vietnam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT).
The Electricity of Vietnam (EVN) has announced that it generated a total 182.6 billion kWh of electricity during the January-October period, a year-on-year increase of 10.7 percent.
As thermal power accounts for the largest proportion of Vietnam’s energy production, the country is facing challenges to ensure sufficient supply of coal for thermal power plants in the coming years.
The Electricity of Vietnam Group (EVN) and its coal supplier Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) have finally reached an agreement on coal selling prices for power production.
The index of industrial production index (IIP) in the first five months of this year posted a year-on-year increase of 5.7 percent, according to the General Statistics Office (GSO).
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