PM requests extensions to 500kV national transmission lines be put into operation next June
Vietnamese Prime Minister Pham Minh Chinh has demanded extentions to the 500kV national transmission lines to be completed and put into operation by June 2024, according to Minister of Industry and Trade Nguyen Hong Dien.
The extension lines, once operational, will increase the supply of electricity from the South to the North, he said at a meeting on Saturday.
The 514-kilometer lines, running from Quang Trach district, Quang Binh province in central Vietnam to Pho Noi in the northern province of Hung Yen, will be built at a total cost of VND23 trillion ($973.85 million).
Minister of Industry and Trade Nguyen Hong Dien. Photo coutesy of the Ministry of Industry and Trade.
Included in the Power Development Plan VIII (PDP VIII), the project, consisting of four sub-projects, is expected to be put into operation in 2025-2026. However, in order to increase supply and ease power shortages in the North, the prime minister has brought forward the deadline to June 2024, Dien noted.
Minister Dien asked the state utility Vietnam Electricity (EVN) and its subsidiary National Power Transmission Corporation (EVNNPT) to complete the project's documents in July and submit them to competent authorities for approval in August.
"After the project is approved, EVN and EVNNPT will work with localities to accelerate site clearance," Dien said.
Localities the lines run through such as Quang Binh, Thai Binh and Hung Yen need to complete procedures for converting rice and forest land as soon as the project is approved and hand it over as early as possible, he said.
Speaking at the ministry’s conference to review the six-month performance on Friday, EVN general director Tran Dinh Nhan said that the electricity supply in the northern region in the coming period will still face many difficulties, especially in 2024-2025.
He said his group will focus on building the extended 500kV transmission lines from the South and Central to the North and is determined to complete them by May 2025.
Meeting the deadline of June 2024 set by the PM will be a huge challenge, Nhan said, adding that EVN and EVNNPT will mobilize their maximum resources to complete the project on schedule.
In order to ensure the progress, EVNNPT - the project's investor - proposed competent authorities approve the Quang Trach-Pho Noi 500kV transmission lines as an urgent part of the PDP VIII with special mechanisms.
The Ministry of Planning and Investment should verify the project's documents for their investment plans to be approved by the prime minister in July, it said.
Last year, EVNNPT put into operation the Vung Ang-Quang Trach-Doc Soi-Pleiku 2 500 kV transmission line, contributing to supplying 2,200 megawatts of electricity from the South to the North.
Once completed, the extended 500 kV transmission lines are expected to increase the power supply capacity from the South to the North to 5,000 megawatts, it said.
- Read More
Central Retail incurs 6% drop in Jan-Sept revenue from Vietnam
Thailand’s top retailer Central Retail posted revenues of nearly THB35.48 billion ($1.09 billion) in Vietnam in the first nine months of this year, down 6.6% year-on-year due to exchange rate fluctuations.
Companies - Sat, November 22, 2025 | 3:32 pm GMT+7
Young leadership mindset drives SHB bank's next growth phase: exec
Young leadership would play a pivotal role as Vietnamese businesses navigate digital transformation and rising global competition, said Do Quang Vinh, vice chairman cum deputy CEO of Saigon-Hanoi Commercial Joint Stock Bank (SHB).
Banking - Sat, November 22, 2025 | 3:23 pm GMT+7
Stock market regulator holds final round of ESG-focused corporate governance contest in Hanoi
The final round of the “Vietnam ESG Challenge 2025”, a competition aimed at promoting sustainable development, modern corporate governance, and social responsibility among Vietnamese university students, took place in Hanoi on Monday.
Finance - Sat, November 22, 2025 | 10:16 am GMT+7
IFC, Vietnam's EVNNPT discuss investment in power transmission projects
Vietnam's National Power Transmission Corporation (EVNNPT) and the International Finance Corporation (IFC), a member of the World Bank Group, have discussed issues related to potential cooperation and investment in power transmission projects under the Power Development Plan VIII (PDP VIII).
Companies - Sat, November 22, 2025 | 9:23 am GMT+7
Earnings strength meets market consolidation
Global appetite for emerging markets is still cautious, constrained by high returns in developed markets amid geopolitical uncertainty, while pressure on the Vietnamese dong has been compounded by seasonal FDI profit repatriation, writes Minh Dang, head of research at Dragon Capital.
Economy - Sat, November 22, 2025 | 8:00 am GMT+7
Phat Dat pursues HCMC housing project after a decade as it restructures property portfolio
Phat Dat Real Estate Development Corp (PDR) has moved to acquire a 50% stake in AKYN Investment Trading Service JSC as part of efforts to revive a long-delayed residential project in central Ho Chi Minh City, the company said in a board resolution. Financial terms were not disclosed.
Real Estate - Fri, November 21, 2025 | 9:30 pm GMT+7
F88 wins dual workplace awards for 2025
Vietnam’s consumer finance major F88 has been named one of "Vietnam Best Places to Work" and a “Happiness at Work” enterprise for 2025.
Companies - Fri, November 21, 2025 | 4:07 pm GMT+7
European IP developer CTP plans large industrial-logistics project in northern Vietnam port city
CTP, a Dutch-led industrial park developer headquartered in the Czech Republic, is exploring a large integrated complex combining seaports, an airport, logistics facilities and industrial parks in the northern port city of Hai Phong.
Infrastructure - Fri, November 21, 2025 | 3:24 pm GMT+7
Vingroup to build $334 mln international port in central Vietnam
Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.
Infrastructure - Fri, November 21, 2025 | 3:10 pm GMT+7
HCMC ready to operate International Financial Center: city authorities
Ho Chi Minh City has completed preparations across infrastructure, spatial planning, digital systems, organizational apparatus, and human resources to ensure Vietnam's International Financial Center can begin operating immediately after the Government issues its guiding decrees.
Economy - Fri, November 21, 2025 | 2:11 pm GMT+7
Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry
Hoa Phat Agriculture Development JSC (HPA) has been valued at more than $450 million based on its newly announced IPO price, making it the second-largest company in Vietnam’s livestock industry after Masan MeatLife.
Companies - Fri, November 21, 2025 | 11:26 am GMT+7
Vietnam leads ASEAN in consumer optimism: UOB
Vietnam continues to lead the region in consumer optimism, driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS). UOB analysts offer an insight into their findings.
Economy - Fri, November 21, 2025 | 9:01 am GMT+7
MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card
MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.
Banking - Thu, November 20, 2025 | 9:38 pm GMT+7
Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification
Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.
Industries - Thu, November 20, 2025 | 5:27 pm GMT+7
Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister
Vietnamese technology firm ought to pursue a product-driven strategy and sustain long-term global ambitions, said Minister of Science and Technology Nguyen Manh Hung.
Economy - Thu, November 20, 2025 | 5:23 pm GMT+7
Vietnam’s gaming market needs more than just a 'pho restaurant'
To keep up with the booming gaming industry, Vietnamese developers must innovate by embracing stronger technology adoption while still forging a unique identity, and sometimes, that unique identity could simply be represented by a humble bowl of pho (noodle soup).
Economy - Thu, November 20, 2025 | 4:14 pm GMT+7




















