Chinese companies seek to further partner with Vietnam Electricity

By Chau Anh
Tue, June 17, 2025 | 3:50 pm GMT+7

Several Chinese companies met with state utility Vietnam Electricity (EVN) between May 27 and June 12, seeking more cooperation opportunities.

The Chinese firms include Shanghai Electric Group Co., Ltd. (SEC), Baoding Tianwei Baobian Electric Co., Ltd. (BTW), tech giant Huawei, and Shandong Doreen Electric Power Technology Co., Ltd.

On May 27, EVN chairman Dang Hoang An received a delegation from SEC, during which the two sides discussed potential cooperation in the energy sector, particularly power generation and the modernization of national power grids.

SEC is a global leader in industrial solutions, specializing in energy and industry sectors.

In Vietnam, it has served as the engineering, procurement and construction (EPC) contractor for major projects such as Quang Ninh and Vinh Tan 2 thermal power plants in the northern province of Quang Ninh and the south-central province of Binh Thuan, respectively. The company is now expanding into wind and solar energy ventures in Vietnam.

Vietnam Electricity (EVN) chairman Dang Hoang An receives a delegation from China's Shanghai Electric Group Co., Ltd. in Hanoi on May 27, 2025. Photo courtesy of EVN.

Vietnam Electricity (EVN) chairman Dang Hoang An receives a delegation from China's Shanghai Electric Group Co., Ltd. in Hanoi on May 27, 2025. Photo courtesy of EVN.

SEC chairman Wu Lei briefed the EVN side on the company’s capabilities and expressed a desire to continue partnering with EVN on power infrastructure projects in Vietnam.

For his part, An said Vietnam plans to add around 100,000 MW of new power generation capacity by 2030 under the revised national power development plan (PDP VIII).

This presents significant room for international partners like SEC to deepen their participation in Vietnam’s energy ecosystem, he stressed.

An praised SEC’s project execution capabilities and technological expertise, affirming EVN’s readiness to expand cooperation with experienced partners - based on the principle of efficiency, safety, sustainability, alignment with Vietnam’s energy transition goals, and compliance with Vietnamese law.

At a meeting on May 28, EVN and Baoding Tianwei Baobian Electric Co., Ltd. (BTW) looked into the production progress of reactors for the 500 kV Lao Cai substation project in the northern province of Lao Cai and several proposed areas of cooperation in the time ahead.

At a meeting between Vietnam Electricity (EVN) and China's Baoding Tianwei Baobian Electric Co., Ltd. (BTW) in Hanoi on May 28, 2025. Photo courtesy of EVN.

At a meeting between Vietnam Electricity (EVN) and China's Baoding Tianwei Baobian Electric Co., Ltd. (BTW) in Hanoi on May 28, 2025. Photo courtesy of EVN.

BTW expressed strong interest in expanding collaboration with EVN in the near future, particularly in power transmission, nuclear energy, LNG power, and pumped storage hydropower - key areas that align with Vietnam’s energy sector development strategy.

BTW is among the manufacturers with most comprehensive capabilities in core technology, voltage ranges, product types, and service offerings for transformer and reactor-related projects.

The company had previously participated in supplying 500kV transformers to the Chon Thanh and Duc Hoa 500kV substations in Binh Phuoc and Long An provinces, respectively, both in southern Vietnam.

On June 9, EVN CEO Nguyen Anh Tuan had a working session with Zhou Haojie, chief operating officer of Huawei Electric Power Digitalization Business Unit.

According to Zhou, in Vietnam, Huawei has partnered with over 300 companies to deploy a wide range of renewable energy projects with an accumulated capacity of around 9,000 MW, including both large-scale and rooftop solar installations.

Vietnam Electricity (EVN) CEO Nguyen Anh Tuan (second, left) at a meeting with Huawei Electric Power Digitalization Business Unit in Hanoi on June 9, 2025. Photo courtesy of EVN.

Vietnam Electricity (EVN) CEO Nguyen Anh Tuan (second, left) at a meeting with Huawei Electric Power Digitalization Business Unit in Hanoi on June 9, 2025. Photo courtesy of EVN.

Huawei’s technology solutions emphasize flexible integration with existing power grids, distributed energy management, and enhanced connectivity between solar power systems, EV charging stations, and energy storage systems, he said.

Tuan affirmed that developing modern, flexible, and digitalized power infrastructure is a strategic priority for EVN in the current period.

Pointing to the growing complexity of grid operations, the CEO underscored the importance of rapidly deploying advanced technologies for monitoring, control, and the integration of distributed energy sources.

Smart grids, energy storage systems, and digital operating platforms are seen as essential to maintaining the stability, reliability, and efficiency of the overall power system, he continued.

Lauding Huawei’s technological capabilities, strategic vision, and comprehensive solution ecosystem, Tuan expressed hope that the company would play an active role in advancing the digital transformation of Vietnam’s power sector.

At a June 12 working session, representatives of EVN and Shandong Doreen Electric Power Technology Co., Ltd discussed smart grid technology solutions.

At a meeting between Vietnam Electricity (EVN) and China's Shandong Doreen Electric Power Technology Co., Ltd in Hanoi on June 12, 2025. Photo courtesy of EVN.

At a meeting between Vietnam Electricity (EVN) and China's Shandong Doreen Electric Power Technology Co., Ltd in Hanoi on June 12, 2025. Photo courtesy of EVN.

The EVN side said as renewable energy continues to expand rapidly and gain deeper penetration into Vietnam’s power system, solutions for renewables management, monitoring and control like those offered by Doreen hold strong potential.

EVN expressed hope that the Chinese company would collaborate with its power corporations to implement a pilot project featuring smart IoT switching devices and an integrated solar-storage-charging system.

It also called for support in further exploring rooftop solar monitoring and control systems, and in providing additional information to facilitate research and expand collaboration in areas such as smart grid equipment, big data collection and analysis, and application of AI in grid operations.

Doreen provides solutions such as equipment, technology, R&D and construction for domestic and foreign power supply utilities to realize lean operation of medium and low voltage power grids and intelligent management of distribution network.

Comments (0)
  • Read More
Unilever to expand investment capital at southern Vietnam plant to $105 mln

Unilever to expand investment capital at southern Vietnam plant to $105 mln

Unilever Vietnam plans to raise the investment capital of its factory in Ho Chi Minh City, a southern metropolis, to VND2.7 trillion ($104.5 million), according to a recent environmental impact assessment report.

Industries - Tue, June 17, 2025 | 2:45 pm GMT+7

VAT in Vietnam cut to 8% for July 2025-Dec 2026 period

VAT in Vietnam cut to 8% for July 2025-Dec 2026 period

The National Assembly, Vietnam's legislature, has reduced the VAT rate from 10% to 8% for goods and services from July 1, 2025 to December 31, 2026.

Economy - Tue, June 17, 2025 | 2:13 pm GMT+7

Subsidiaries, affiliates ineligible for preferential corporate income tax in Vietnam

Subsidiaries, affiliates ineligible for preferential corporate income tax in Vietnam

Subsidiaries and affiliates of enterprises in Vietnam will not be eligible for preferential corporate income tax (CIT) rates of 15-17%, starting from October 1, a move aimed to prevent abuse of incentives.

Economy - Tue, June 17, 2025 | 1:26 pm GMT+7

Vietnam Airlines to launch direct routes to Northern Europe, Italy

Vietnam Airlines to launch direct routes to Northern Europe, Italy

Vietnam Airlines will open a direct route from Vietnam to Italy on July 1, and another to Northern Europe on December 15, expanding its network to European countries, the national flag carrier stated on Monday.

Companies - Tue, June 17, 2025 | 12:05 pm GMT+7

Vietnam tightens rules on private placement bond issuance

Vietnam tightens rules on private placement bond issuance

Vietnamese businesses will only be permitted to issue private placement bonds if their total liabilities do not exceed five times their equity, according to a newly adopted law.

Finance - Tue, June 17, 2025 | 11:44 am GMT+7

Vietnamese property major Hoang Huy’s subsidiary eyes HCMC bourse listing in H2

Vietnamese property major Hoang Huy’s subsidiary eyes HCMC bourse listing in H2

CRV Real Estate Group JSC, a member of Vietnam's major property developer Hoang Huy Group (TCH), seeks to list its shares on the Ho Chi Minh City Stock Exchange (HoSE) in the second half of this year.

Real Estate - Tue, June 17, 2025 | 8:52 am GMT+7

Southern Vietnam province Kien Giang seeks private investment for 40 key projects

Southern Vietnam province Kien Giang seeks private investment for 40 key projects

The Mekong Deleta province of Kien Giang has announced a list of 40 projects calling for private investment in 2025, with total capital of over VND226.7 trillion ($8.7 billion).

Industries - Mon, June 16, 2025 | 11:45 pm GMT+7

ASEAN poised for greater role in global economy

ASEAN poised for greater role in global economy

ASEAN could emerge as the world's fourth-largest economy in the coming decades but the regional bloc must accelerate integration, strengthen institutions, and adapt to global shifts to realize this potential, experts have said.

Southeast Asia - Mon, June 16, 2025 | 11:34 pm GMT+7

Indonesia prioritizes private investment in infrastructure projects

Indonesia prioritizes private investment in infrastructure projects

Indonesian President Prabowo Subianto has emphasised that Indonesia will facilitate greater participation of both domestic and international private companies in infrastructure development, aiming to ensure equitable growth opportunities and advance the country’s “Golden Indonesia 2045” vision.

Southeast Asia - Mon, June 16, 2025 | 11:30 pm GMT+7

Honda Vietnam reports strong growth in motorcycle and car sales

Honda Vietnam reports strong growth in motorcycle and car sales

Honda Vietnam (HVN) recorded significant sales growth in both motorcycle and automobile segments in May 2025, with year-on-year increases of 8.2% and 25.9%, respectively.

Companies - Mon, June 16, 2025 | 11:24 pm GMT+7

Vietnam’s rice export prices fall nearly 19% despite growing volume

Vietnam’s rice export prices fall nearly 19% despite growing volume

Vietnam’s rice industry is facing a steep drop in export prices, even as shipment volumes climb, underscoring the challenges of a volatile global grain market.

Companies - Mon, June 16, 2025 | 11:20 pm GMT+7

Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport

Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport

National flag carrier Vietnam Airlines on Sunday kicked off construction on an in-flight catering facility and an aircraft maintenance complex at the under-construction Long Thanh International Airport in southern Vietnam, with a total investment of nearly VND1.8 trillion ($69 million).

Infrastructure - Mon, June 16, 2025 | 9:41 pm GMT+7

Prime Minister okays 1,881-hectare free trade zone in central Vietnam

Prime Minister okays 1,881-hectare free trade zone in central Vietnam

Prime Minister Pham Minh Chinh has approved the establishment of Danang Free Trade Zone (FTZ), which will cover approximately 1,881 hectares across seven non-contiguous locations.

Economy - Mon, June 16, 2025 | 9:25 pm GMT+7

Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model

Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model

The National Assembly, Vietnam's legislature, on Monday endorsed the revised Law on Local Government Organization, with 100% of the 466 members present voting in favor.

Politics - Mon, June 16, 2025 | 5:01 pm GMT+7

Vietnamese fruit and vegetable export to EU grows 33% in 4 months

Vietnamese fruit and vegetable export to EU grows 33% in 4 months

Vietnamese fruits and vegetables such as mangoes, pistachios, pineapples, and coconuts are gaining popularity in the European market, with export revenues rising sharply in Jan-April by as much as 41% to 200% year-on-year.

Economy - Mon, June 16, 2025 | 4:19 pm GMT+7

Vietnam's oil shipping major PVTrans to pay record high dividend

Vietnam's oil shipping major PVTrans to pay record high dividend

PetroVietnam Transportation Corporation (PVTrans), a subsidiary of state-owned Petrovietnam, will issue nearly 113.9 million shares to pay 2024 dividends, raising its charter capital to VND4,699 billion (over $180 million).

Companies - Mon, June 16, 2025 | 3:51 pm GMT+7