Rising production costs might force the Vietnam Electricity (EVN) to raise retail power prices but no official decisions had been made for this year, according to SSI Research.
Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).
The energy sector has grown into a large-scale industry with dynamic growth, but specific mechanisms are needed for the sector to develop further, heard the Vietnam Energy Summit 2020 which opened in Hanoi on July 22.
Lo Thi Phong in Chieng Chung commune in Mai Son district in the mountain province of Son La, has cultivated coffee for more than 10 years on 5,000 square metres of land, but she still finds life difficult.
The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas.
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