Vietnam government asks for end to power shortages in June

By Van Truong
Fri, June 16, 2023 | 12:12 pm GMT+7

Vietnam’s Ministry of Industry and Trade, the Commission for the Management of State Capital at Enterprises, Vietnam Electricity (EVN), and Petrovietnam have been requested to resolve current power shortages in June.

Standing government members, in their latest conclusion on solutions to stabilize the country’s economy, asked the ministry (MoIT) and the units to accelerate power and transmission projects, and mobilize more rooftop solar power.

The MoIT was asked to speed up the progress of the Quang Trach II power plant in the central province of Quang Binh. The MoIT and the Commission for the Management of State Capital at Enterprises (CMSC) have also been 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 instructed the MoIT to work on a mechanism in July to encourage the use of rooftop solar power to serve residents and public offices, and another mechanism for direct power purchasing agreements.

EVN techninicians in the central city of Danang perform transmission line maintenance during the current heat waves. Photo courtesy of EVN.

EVN techninicians in the central city of Danang perform transmission line maintenance during the current heat waves. Photo courtesy of EVN.

Since the end of May, the northern region has been experiencing power cuts due to soaring demand in the hot season. Hydroelectricity output, one of the two main sources of electricity for the North, has fallen due to drought.

However, on Wednesday, water levels in hydroelectric reservoirs rose by 3-10 meters compared to the end of last week thanks to heavy rainfall, but some power plants are still operating at a low capacity to ensure supplies and save water.

Prime Minister Pham Minh Chinh on June 6 requested urgent measures to ensure power supplies during the upcoming dry season and beyond. In a dispatch, he emphasized that the severe heat and impacts of the El Nino phenomenon have led to a surge in power demand, coupled with drought in the country causing extremely low water levels in hydropower reservoirs, thus affecting the electricity supplies.

He requested the MoIT to take over management of the National Load Dispatch Center from EVN this June.

Director of Vietnam's National Load Dispatch Center (A0) Nguyen Duc Ninh was suspended from his position on Wednesday as authorities conduct inspections into the management of power supplies.

The center manages power generation, transmission, and distribution to ensure the safe and stable operation of the power system. A0 is also responsible for operating power plants, regulating reservoirs, and fixing problems on the 500kV national transmission system.

Comments (0)
  • Read More
Vietnam top Southeast Asia source market for South Korea tourism

Vietnam top Southeast Asia source market for South Korea tourism

With over 435,000 visits recorded as of mid-October this year, Vietnam tops Southeast Asia as a source market for South Korean tourism, officials say.

Economy - Tue, November 19, 2024 | 12:12 pm GMT+7

Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.

Companies - Tue, November 19, 2024 | 11:00 am GMT+7

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.

Finance - Tue, November 19, 2024 | 9:11 am GMT+7

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.

Companies - Tue, November 19, 2024 | 7:45 am GMT+7

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.

Economy - Tue, November 19, 2024 | 7:00 am GMT+7

Indonesia promises Asia-Pacific investors more incentives

Indonesia promises Asia-Pacific investors more incentives

Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.

Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7

Indonesia, Brazil enhance aviation cooperation

Indonesia, Brazil enhance aviation cooperation

Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.

Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7

Indonesia eyes to become member of BRICS

Indonesia eyes to become member of BRICS

Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.

Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.

Politics - Mon, November 18, 2024 | 9:17 pm GMT+7

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.

Companies - Mon, November 18, 2024 | 7:08 pm GMT+7

Former assistant to State President appointed general director of state-owned financial firm HFIC

Former assistant to State President appointed general director of state-owned financial firm HFIC

Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).

Companies - Mon, November 18, 2024 | 5:35 pm GMT+7

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.

Banking - Mon, November 18, 2024 | 5:06 pm GMT+7

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.

Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7

Vietnam central bank resumes selling gold after 1-month hiatus

Vietnam central bank resumes selling gold after 1-month hiatus

The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.

Banking - Mon, November 18, 2024 | 4:02 pm GMT+7

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Thailand’s leading retailer Central Retail earned a revenue of THB37.99 billion ($1.09 billion) in Vietnam in the first nine months of this year, up 0.9% year-on-year.

Companies - Mon, November 18, 2024 | 4:00 pm GMT+7

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singaporean-based HGQ ASIA Pte., Ltd will pour nearly VND500 billion ($19.7 million) into building a garment factory in the south-central province of Binh Dinh.

Industries - Mon, November 18, 2024 | 2:23 pm GMT+7