Credit ratings agency Fitch Ratings has affirmed Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating at 'BB' with a positive outlook.
The Vietnam Electricity (EVN) would like to remain the investor of new energy projects, including nuclear power plants in the central province of Ninh Thuan, said Director Nguyen Anh Tuan.
The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.
Power has been restored to over 6.03 million of Vietnam Electricity (EVN)’s 6.1 million customers affected by Typhoon Yagi and subsequent flooding, equating to nearly 99%.
The completion and operation of the 500kV circuit-3 power transmission line will contribute to completing the national power grid infrastructure, while connecting power sources to regions in need.
Prime Minister Pham Minh Chinh has demanded relevant sides mobilise every resource to speed up the construction of the Circuit-3 500kV power transmission lines so as to inaugurate the entire network before September 2.
Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of 26.77 trillion VND (1.053 billion USD) on high electricity production costs, according to its audited financial report.
The direct power purchase agreement (DPPA) mechanism is a breakthrough step in the roadmap to develop a competitive power market. It also gives businesses a chance to select electricity suppliers to obtain “green certificates”.
Prime Minister Pham Minh Chinh on June 1 demanded mobilising local resources for ensuring logistics and enhancing support for the construction of the Circuit-3 500kV power transmission line.
The Ministry of Industry and Trade (MoIT) has approved the base price for liquefied petroleum gas (LNG)-fired power produced by combined cycle gas turbine thermal power plants at 0-2,590.85 VND per kWh for this year.
Prime Minister Pham Minh Chinh has recently signed an official dispatch requesting drastic, synchronous and effective measures to ensure stable power supply during this year's peak period and beyond.
The Ministry of Industry and Trade has issued a digital transformation plan for the energy sector, aiming for 90% of administrative procedures to be handled online via the public services portal.
The Ministries of Natural Resources and Environment, and Industry and Trade, and the World Wide Fund for Nature in Vietnam (WWF-Vietnam) have called on people to join hands in reducing carbon footprint, towards net zero emissions, in response to the Earth Hour campaign.
In an effort to address financial challenges faced by Vietnam Electricity (EVN), the Ministry of Industry and Trade (MoIT) has put forth a proposal to increase electricity prices in 2024.
Prime Minister Pham Minh Chinh on January 28 presided over a conference on accelerating the progress of the Quang Trach-Pho Noi power transmission line project in the central province of Thanh Hoa as part of his visit to the project sites, stressing collective efforts to finish the project by mid-2024.
Prime Minister Pham Minh Chinh voiced an imperative to ensure a consistent and uninterrupted power supply in all circumstances during a working session with the Vietnam Electricity (EVN) on January 13.
Vietnam Electricity (EVN) has submitted a document to the Ministry of Industry and Trade (MoIT) regarding the proposal to import wind power from Laos to Quang Tri province.
In its recently audited financial report, Vietnam Electricity (EVN) Group announced a loss of 20 trillion VND, attributing it to the acquisition of electricity at costs exceeding its selling prices.
