No more power cuts in northern Vietnam: EVN
Vietnam Electricity (EVN) says it is geared up to meet electricity demand in the northern region starting Friday, easing shortages that had persisted for several weeks.
The state utility reported Thursday evening that water levels in hydropower reservoirs have increased over the past few days and problems facing some turbines at thermal power plants have also been fixed.
The Ministry of Industry and Trade has backed EVN, saying that starting next week, power supply will not be as “stressful” as the last days of May and the beginning of June. It said hydropower reservoirs are expected to fill up with early onset of floods in the northern region, ensuring supply of about 421 million kWh per day.
"There will be no power cuts in the North," the ministry said.
Neither EVN nor the ministry specified the duration of sufficient power supply.
The Hoa Binh hydropower reservoir. Water levels in major hydropower reservoirs in the North and North Central regions were 1.5-2.2 meters higher than the ‘dead’ level on June 22, 2023. Photo courtesy of EVN.
The northern region accounted for nearly 46% (18,974 MW) of the country's peak usage capacity (41,569 MW) on Thursday. Hydropower and thermal power plants supply the region with 74 million kWh and 269.5 million kWh a day.
By Thursday afternoon, water levels in all hydropower reservoirs in the northern and north-central regions including the provinces of Tuyen Quang, Son La, Lai Chau and Hoa Binh were 1.5-22 meters higher than the ‘dead’ levels. At the Thac Ba, Huoi Quang, Ban Ve and Quang Tri reservoirs, the water levels were at 0.9-1.7 meters above the minimum levels.
From late May, Hanoi and many other northern localities experienced power cuts due to soaring demand in the hot season. The situation was caused by a fall in hydroelectricity output due to drought conditions and supply disruptions at thermal power plants because of problems like shortages of coal.
In a letter sent to EVN in early June, port and logistics companies in northern Vietnam's Hai Phong city cried out for help as the frequency of power blackouts continued to rise amid electricity shortages.
The government stepped in, requesting the MoIT, the Commission for the Management of State Capital at Enterprises (CMSC), EVN and Petrovietnam to resolve the shortages at the earliest. The ministry and the relevant agencies were also asked to accelerate power and transmission projects, and mobilize more rooftop solar power.
The MoIT was required to speed up progress of the Quang Trach II power plant in the central province of Quang Binh. The ministry and the CMSC were assigned to supervise the implementation of a 3,500-kilovolt transmission line from the central region to the North, which is part of Vietnam’s newly-approved Power Plan VIII.
The government also instructed the ministry to work on a mechanism in July to encourage the use of rooftop solar power to serve residents and public offices; and another mechanism facilitating direct power purchasing agreements.
- Read More
Petrovietnam shipyard arm's pre-tax profit surges over 10-fold
Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.
Companies - Mon, May 4, 2026 | 3:49 pm GMT+7
Petrovietnam, Samsung Heavy Industries sign cooperation deal
Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.
Companies - Mon, May 4, 2026 | 2:11 pm GMT+7
Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB
The combined stake held by imprisoned businessman Nguyen Duc Kien and his spouse in the Asia Commercial Bank (ACB) is valued at nearly VND7.62 trillion ($289.23 million), based on the ACB market price of VND23,500 ($0.89) per share last Wednesday.
Banking - Mon, May 4, 2026 | 1:10 pm GMT+7
Vietnam manufacturing purchasing managers' index drops to 7-month low in April
Vietnamese manufacturers recorded a drop in new orders in April as inflationary pressures hit 15-year highs amid increased costs for fuel and oil in particular, according to S&P Global.
Economy - Mon, May 4, 2026 | 12:08 pm GMT+7
Vietnam bank profits diverge in Q1, favoring large lenders
The Vietnamese banking sector’s profits in Q1/2026 showed a clear divergence, with growth seen among large lenders with strong capital and asset quality while smaller banks facing mounting pressure from rising funding costs and credit risks.
Banking - Mon, May 4, 2026 | 10:51 am GMT+7
Gelex invests $304 mln in Gia Binh airport project
Gelex Group has invested VND8 trillion ($303.54 million) in a company developing the Gia Binh International Airport in northern Vietnam, driving a sharp increase in its investments in associates in the first quarter of 2026.
Companies - Mon, May 4, 2026 | 8:07 am GMT+7
PV Drilling profit accelerates, Brunei bottleneck persists
Petrovietnam subsidiary PV Drilling reported strong earnings growth in the first quarter of 2026 on the back of a recovery in the oil and gas market, but continued to face profitability challenges in Brunei, a market with sizable assets that has yet to deliver commensurate returns.
Companies - Mon, May 4, 2026 | 8:00 am GMT+7
Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'
Vietnam’s automobile market expanded rapidly in 2025, yet localization rates - particularly for passenger cars - remain stubbornly low, highlighting a structural gap in the industry’s development.
Economy - Sun, May 3, 2026 | 3:17 pm GMT+7
China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia
China’s largest convenience store chain Meiyijia has made its first move into Southeast Asia with initial outlets in Vietnam and Malaysia under a new brand, signaling intensifying competition in the region’s fast-growing retail market.
Companies - Sun, May 3, 2026 | 8:07 am GMT+7
Vietnam’s e-commerce sales surge 47% to $5.64 bln in Q1
Vietnam’s online retail market continued its rapid expansion in the first quarter of 2026 as total gross merchandise value (GMV) across four major platforms, Shopee, TikTok Shop, Lazada, and Tiki, reached about VND148.6 trillion ($5.64 billion), up 47% year-on-year, according to data from analytics firm Metric.
Economy - Sun, May 3, 2026 | 8:00 am GMT+7
Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030
Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.
Economy - Sat, May 2, 2026 | 4:01 pm GMT+7
Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln
Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.
Companies - Sat, May 2, 2026 | 3:26 pm GMT+7
Vietnamese PM hosts welcome ceremony for Japanese counterpart
Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.
Politics - Sat, May 2, 2026 | 12:37 pm GMT+7
PV Oil completes 81% of full-year profit target in Q1
PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.
Companies - Sat, May 2, 2026 | 8:17 am GMT+7
Major players eye Vietnam’s wastewater treatment market
Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.
Companies - Sat, May 2, 2026 | 8:00 am GMT+7
Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot
A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.
Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7






















