PM requests extensions to 500kV national transmission lines be put into operation next June

By Huong Dung
Mon, July 10, 2023 | 2:17 pm GMT+7

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.

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.

Comments (0)
  • Read More
HCMC's international financial center development to be phased out: city leader

HCMC's international financial center development to be phased out: city leader

Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.

Economy - Thu, March 27, 2025 | 11:11 pm GMT+7

Car producers in Thailand postpone export models

Car producers in Thailand postpone export models

Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.

Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7

Indonesia approves $7 bln budget for food security in 2025

Indonesia approves $7 bln budget for food security in 2025

Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.

Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.

Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.

Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.

Companies - Thu, March 27, 2025 | 8:10 pm GMT+7

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7

Vietnam's MobiFone officially launches 5G services

Vietnam's MobiFone officially launches 5G services

MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.

Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.

Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7

Vietnam willing to open doors to US agricultural products: minister

Vietnam willing to open doors to US agricultural products: minister

Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.

Economy - Thu, March 27, 2025 | 3:08 pm GMT+7

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.

Industries - Thu, March 27, 2025 | 12:15 pm GMT+7

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.

Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7

S Korea's SK set to divest from Vietnam's giant Vingroup

S Korea's SK set to divest from Vietnam's giant Vingroup

South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.

Companies - Thu, March 27, 2025 | 11:30 am GMT+7

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.

Economy - Thu, March 27, 2025 | 9:29 am GMT+7

Fund inflows help stabilize Vietnam's stock market: analyst

Fund inflows help stabilize Vietnam's stock market: analyst

As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).

Finance - Thu, March 27, 2025 | 8:30 am GMT+7