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
Japan’s Sojitz launches $500 mln beef processing plant in Vietnam

Japan’s Sojitz launches $500 mln beef processing plant in Vietnam

Sojitz on Tuesday put its $500 million beef processing plant in the northern province of Vinh Phuc into operation, the Japanese firm said in a release.

Industries - Tue, December 17, 2024 | 5:02 pm GMT+7

US First Solar, Vietnam power firm PECC2 boost renewable energy ties

US First Solar, Vietnam power firm PECC2 boost renewable energy ties

Vietnam’s Power Engineering Consulting JSC 2 (PECC2) and the United States’ First Solar will collaborate in utilizing the direct power purchase agreement (DPPA) mechanism and distributing the latter’s photovoltaic (PV) modules.

Energy - Tue, December 17, 2024 | 3:35 pm GMT+7

Warburg Pincus-invested IP developer BW starts building 13th project in Vietnam this year

Warburg Pincus-invested IP developer BW starts building 13th project in Vietnam this year

BW Industrial Development JSC, one of Vietnam’s largest industrial and logistics real estate developers, has commenced construction on its BW Phu An Thanh Industrial Hub (PAT) project in Ho Chi Minh City.

Real Estate - Tue, December 17, 2024 | 3:03 pm GMT+7

Italy’s Flying Legend to introduce made-in-Vietnam aircraft

Italy’s Flying Legend to introduce made-in-Vietnam aircraft

Flying Legend, an Italian manufacturer of replica aircraft, will introduce its made-in-Vietnam aircraft at the Vietnam Defense Expo 2024 from December 19-22 in Hanoi.

Companies - Tue, December 17, 2024 | 1:01 pm GMT+7

Vietnam real estate 2024: a year in review

Vietnam real estate 2024: a year in review

As positive signals become more evident, now is the time to restart capital flows into real estate transactions in Vietnam and embrace the new growth cycle, write Avison Young Vietnam analysts.

Consulting - Tue, December 17, 2024 | 12:48 pm GMT+7

Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics

Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics

Vietnam’s GDP growth can reach 6.5% in 2025, continuing to outperform regional peers in the ASEAN-6 group, Oxford Economics said in a Monday report.

Economy - Tue, December 17, 2024 | 10:35 am GMT+7

PYN Elite becomes major shareholder in Vietnam's Mercedes-Benz distributor Haxaco

PYN Elite becomes major shareholder in Vietnam's Mercedes-Benz distributor Haxaco

Finland-based PYN Elite Fund has increased its ownership in Haxaco, a distributor of Mercedes-Benz, to 6.1 million units, or a 5.7% stake, becoming a major shareholder.

Companies - Tue, December 17, 2024 | 8:17 am GMT+7

Malaysia accelerates transition towards high-income country status

Malaysia accelerates transition towards high-income country status

The Malaysian government needs to focus on innovation during its drafting of the 13th Malaysia Plan (13 MP) for 2026-2030 in an effort to achieve its high-income country goal.

Southeast Asia - Mon, December 16, 2024 | 10:30 pm GMT+7

Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN

Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN

Malaysian Prime Minister Anwar Ibrahim has appointed former Thai PM Thaksin Shinawatra as an informal adviser to assist with the country’s ASEAN chairmanship in 2025.

Southeast Asia - Mon, December 16, 2024 | 10:28 pm GMT+7

Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam

Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam

South Korean-invested Taekwang Vina JSC, a supplier of Nike in the southern province of Dong Nai, will spend over VND500 billion ($19.7 million) on Lunar New Year (Tet) bonus for its nearly 36,000 employees.

Companies - Mon, December 16, 2024 | 9:56 pm GMT+7

Hong Kong's Sunwah Group eyes investment in southern Vietnam

Hong Kong's Sunwah Group eyes investment in southern Vietnam

Multi-sector group Sunwah is keen on surveying several Binh Duong-based industrial parks and foreign-invested enterprises in the areas of high-tech industries, health care, education, and real estate to explore investment opportunities.

Industries - Mon, December 16, 2024 | 8:25 pm GMT+7

Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month

Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month

Taiwan-headquartered Wistron, a top electronics provider and a supplier to Apple, plans to officially start operating its $24.5 million investment in the northern province of Ha Nam next month.

Industries - Mon, December 16, 2024 | 4:41 pm GMT+7

Hanoi plans $420 mln horse racecourse 

Hanoi plans $420 mln horse racecourse 

The Hanoi People's Committee has approved a detailed plan for the Soc Son Urban Area (Zone III), featuring parks, schools, hospitals, high-quality housing, and a $420 million horse racecourse.

Real Estate - Mon, December 16, 2024 | 4:35 pm GMT+7

Vietnam’s cement giant Vicem logs over $55 mln loss in 2024

Vietnam’s cement giant Vicem logs over $55 mln loss in 2024

Vietnam National Cement Corporation (Vicem) has suffered losses for the second consecutive year, with an estimated consolidated figure of VND1.4 trillion ($55.15 million) for 2024, according to a draft annual report by the Ministry of Construction.

Companies - Mon, December 16, 2024 | 4:18 pm GMT+7

Leading broker VPS launches new brand identity

Leading broker VPS launches new brand identity

VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.

Companies - Mon, December 16, 2024 | 3:12 pm GMT+7

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.

Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7