Vietnamplus

Many foreign and domestic companies are keen on building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.

The Vietnam Report JSC and VietNamNet e-newspaper announced the 500 largest enterprises in Vietnam (VNR500) in 2020 at a ceremony in Hanoi on November 10.

The Ministry of Industry and Trade, in collaboration with the Vietnam Electricity (EVN), the World Bank, and the Vietnam Fine Arts Association, on October 28 launched a logo and slogan design contest to encourage people to cultivate power-saving habit.

Vietnam Electricity (EVN) purchased a total of 8.16 billion kWh of renewable power in the first nine months of this year, of which 7.23 billion kWh, or 88.6 percent, were generated by solar power projects.

Vietnam Electricity (EVN) planned to put two turbines of Thuong Kon Tum hydropower plant and Se San 4 solar power plant into operation by the year-end.

Rooftop solar power developed in the southern region accounts for 60 percent of the total capacity of power from the resource of the Vietnam Electricity (EVN), the firm has reported.

Vietnam Electricity (EVN) will auction more than 13 million shares in its affiliate Dong Anh Electrical Equipment Corporation JSC (EEMC) at the Hanoi Stock Exchange (HNX) on September 28.

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electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.

Vietnam Electricity (EVN) has announced that nearly 20,000 rooftop solar power projects with a combined capacity of 541.66 MWp were installed nationwide in the past seven months.

The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Do Thang Hai.

The Ministry of Industry and Trade (MoIT) held a national conference in Nha Trang city in south-central Khanh Hoa province on July 24 to discuss the implementation of the National Energy Efficiency Programme in 2019-2020 (VNEEP3).

Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity.

The development of wind and solar power has not matched its great potential, especially in the central and southern regions, experts said at a recent conference.

The Vietnam Electricity (EVN) plans to get connected with banks and other organisations by the end of August to allow customers to pay electricity bills through QR-code from September this year.

Vietnam’s energy sector is on the right track developing and using clean and renewable energy, but there are still obstacles ahead to ensure a greener power supply, experts said.

To promote the development of renewable energy, there should be a prioritised policy mechanism on electricity prices and loan interest rates, according to Dr. Nguyen Manh Hien, President of the Scientific Council at the Vietnam Clean Energy Association.

The value of the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, has been determined at 46.1 trillion VND (2 billion USD) as of January 1, 2019, of which the real value of State capital is more than 26.6 trillion VND.

Vietnam Electricity (EVN) recently reported a pre-tax profit of 12.5 trillion VND (535 million USD) last year, up 38 percent year-on-year.

The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Vietnam.

The HCM City Department of Health on March 31 instructed relevant agencies and local authorities to strictly manage delivery of goods by restaurants, food stores and supermarkets.