Northern Vietnam may face power shortage in summer
Vietnam's northern region is likely to face power shortage this summer (April, May, June) due to low hydropower supply.
Mai Van Khiem, head of the National Center for Hydro-Meteorological Forecasting, made the statement at a recent conference on power supply this year.
Mai Van Khiem, head of the National Center for Hydro-Meteorological Forecasting, speaks at a conference on January 21, 2025. Photo courtesy of Cong Thuong (Industry & Trade) newspaper.
He clarified that seven reservoirs in the northern region, namely Lai Chau (1,200 MW), Son La (2,400 MW), Hoa Binh (1,920 MW), Tuyen Quang (342 MW), Huoi Quang (520 MW), Ban Chat (220 MW), and Thac Ba (120 MW), may face issues if the water demand for power generation and agriculture is the same as the average in 2015-2024.
The National Center for Hydro-Meteorological Forecasting would monitor the hot weather closely in May-June. Heavy rain is expected in Vietnam from June, starting in the northern region then moving to the central region in December, Khiem added.
The power supply in Vietnam, including domestic sources and imported power, is expected to grow 12.5% year-on-year to 347.5 billion kWh this year, the Electricity Regulatory Authority of Vietnam (ERAV) said at the event.
- Related News
- Read More
Southern Vietnam province backs Thailand SCG’s petrochemical complex changes
Vietnam’s southern province of Ba Ria-Vung Tau will facilitate Siam Cement Group (SCG) to adjust its Long Son Petrochemicals (LSP) complex project.
Industries - Fri, January 24, 2025 | 3:27 pm GMT+7
Vietnam's leading broker VNDirect fined for tax violations
VNDirect Securities Joint Stock Company (HoSE: VND) was retroactively taxed and fined for tax violations by the Hanoi Tax Department.
Companies - Fri, January 24, 2025 | 3:16 pm GMT+7
Japan-invested SRE to triple rare earth processing in Vietnam to 3,929 tons
SRE Vietnam, under Japan’s Tokai Trade, is seeking permission to triple the rare earth processing capacity of its factory in Vietnam’s northern province of Ha Nam.
Energy - Fri, January 24, 2025 | 12:49 pm GMT+7
Hanoi office market 2025 in the hands of tenants: consultant
The Hanoi office market will be a tenants' market by the end of 2025 or even 2026, so developers need to change their financial equation to bring more attractive incentives to tenants, said Hoang Minh Nguyet, senior director for commercial leasing at Savills Hanoi.
Real Estate - Fri, January 24, 2025 | 10:05 am GMT+7
Apparatus streamlining, high GDP growth focuses of 13th Party Central Commitee's meeting
A two-day Party Central Committee conference opened in Hanoi on Thursday, with issues related to political system restructuring and national socio-economic development overshadowing the agenda.
Politics - Fri, January 24, 2025 | 9:07 am GMT+7
Indonesia sets ambitious goal to reach $20,000 per capita income
The Indonesian Chamber of Commerce and Industry (Kadin) highlights the crucial role of downstream industries in driving Indonesia's economic transformation, aiming to position the country as a high-income nation with a per capita income of $20,000.
Southeast Asia - Fri, January 24, 2025 | 8:40 am GMT+7
Thousands of ‘unique’ commune products showcased at Green Tet market
The Green Tet, Vietnamese Gifts 2025 market showcases and sells more than 1,000 OCOP (One Commune One Product) products rated 3-5 stars, along with regional specialties and typical rural products from 49 provinces and cities across Vietnam.
Companies - Fri, January 24, 2025 | 8:34 am GMT+7
Malaysia’s economy on solid recovery path
Amid global economic challenges, Malaysia's economy maintained robust recovery throughout 2024, providing momentum for continued growth in 2025.
Southeast Asia - Thu, January 23, 2025 | 5:04 pm GMT+7
Thailand’s new financial business law expected to be approved next month
Thailand’s new financial business law designed to attract foreign funds is expected to be submitted to the Thai cabinet by early February, Deputy Finance Minister Paopoom Rojanasakul said at a press conference on Wednesday.
Southeast Asia - Thu, January 23, 2025 | 5:01 pm GMT+7
Google fined $12.5 mln for unfair business practices in Indonesia
Indonesia's antitrust agency, KPPU, announced on Wednesday that it has imposed a fine of IDR202.5 billion ($12.5 million) on Google for abusing its dominant market position to force local app developers to use its payment system services for the Google Play Store.
Southeast Asia - Thu, January 23, 2025 | 4:59 pm GMT+7
Indonesia extends electric motorcycle conversion incentives into 2025
Indonesia’s Ministry of Energy and Mineral Resources on Tuesday confirmed that incentives for electronic motorcycle conversion will continue in 2025 to foster the growth of the country's electric vehicle (EV) ecosystem.
Southeast Asia - Thu, January 23, 2025 | 4:57 pm GMT+7
Thai cabinet approves carbon tax to curb emissions
The Thai cabinet approved a carbon tax of THB200 ($5.9) per ton of carbon emissions on January 21, as part of the country’s strategy to reduce greenhouse gas emissions, according to Deputy Finance Minister Paopoom Rojanasakul.
Southeast Asia - Thu, January 23, 2025 | 4:55 pm GMT+7
Vietnam can lead ASEAN GDP growth in 2025 with 6.5%: research unit AMRO
Vietnam can reach an economic growth of 6.5% in 2025, leading the ASEAN bloc, according to Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO).
Economy - Thu, January 23, 2025 | 4:51 pm GMT+7
Central Vietnam province, Italy’s ENI to collaborate in carbon credit generation
Vietnam’s central province of Quang Tri and Italy-invested ENI Natural Energies Vietnam have signed an MoU on carbon credit generation and agricultural feedstock.
Energy - Thu, January 23, 2025 | 3:52 pm GMT+7
Vietnam jewelry giant PNJ's gross profit margin highest in 5 years
Phu Nhuan Jewelry JSC (PNJ), a leading jewelry company in Vietnam, posted VND2.11 trillion ($84.08 million) in net profit in 2024, up 7.3% year-on-year and reaching its target.
Companies - Thu, January 23, 2025 | 3:17 pm GMT+7
HCMC's Thu Duc city approved as creative urban area with 9 sub-regions: master plan
Thu Duc city under Ho Chi Minh City will become a creative urban area with nine development sub-regions, focusing on finance, high technology, education, logistics, and culture, under a new master plan.education, logistics, and culture.
Economy - Thu, January 23, 2025 | 3:07 pm GMT+7
