Vietnam plans to increase electricity imports from China, Laos by 2030

By Minh Hue
Mon, February 17, 2025 | 4:14 pm GMT+7

The Vietnamese Ministry of Industry and Trade (MoIT) aims to raise electricity imports from China and Laos by 3,000 MW and 2,500 MW by 2030, over 5 times and nearly 1.6 times higher than those stated in the current Power Development Plan VIII (PDP VIII), respectively.

The 500 kV Lao Cai-Vinh Yen transmission line is expected to become operational in early 2026, bringing electricity from China to Vietnam. Photo courtesy of Vietnam Energy Online.

The 500 kV Lao Cai-Vinh Yen transmission line is expected to become operational in early 2026, bringing electricity from China to Vietnam. Photo courtesy of Vietnam Energy Online.

In the draft revised PDP VIII, which is seeking public feedback, the ministry calculates that Vietnam's electricity system needs to reach 210,000 MW by 2030 and 840,000 MW by 2050, up 35% and 50%, respectively, compared to the approved plan.

According to the MoIT, the government targets double-digit growth in the coming years to achieve the goal of becoming a high-income country by 2045. To realize this, the annual electricity growth demand is expected to be around 12-14%.

In addition to domestic sources such as hydropower, gas power, and renewable energy, imported electricity is one of the options to meet energy demand serving the high growth target in the coming time.

According to the ministry’s scenario, imported electricity could account for 5% of the total installed electricity capacity by 2030, 1.7% higher than the current plan and up 4% from the end of 2024.

In response to this adjustment, the ministry proposes importing about 3,700 MW of electricity from China by 2030, an increase of 3,000 MW compared to the current plan.

In fact, state utility Vietnam Electricity (EVN) is negotiating to increase electricity purchases from China by 2.4 billion kWh, with a capacity of 730 MW, until 2026. From 2027-2028, the purchase may rise to approximately 19 billion kWh and 4,100 MW per year, respectively.

EVN is also considering purchasing an additional 3,000 MW from China through a station at the Vietnam-China border, with an annual output of 15 billion kWh.

If this plan is approved, the electricity from China will be connected to the 500 kV Lao Cai substation, with the main capacity released through the 500 kV Lao Cai-Vinh Yen transmission line, which is expected to operate in early 2026.

Besides China, Vietnam also plans to increase electricity imports from Laos, aiming to reach 6,800 MW by 2030 under a high-growth scenario, nearly 1.6 times higher than the current capacity in the approved PDP VIII.

The MoIT said that Vietnam is capable of importing electricity from these two neighboring countries, as both have surplus supply, especially hydropower, and are planning to export.

In recent years, the volume of imported electricity has steadily increased, hitting 5 billion kWh by the end of 2024. In 2021, however, the amount dropped to about 1.4 billion kWh due to the temporary halt in imports from China.

Currently, Vietnam imports about 1,000 MW of electricity from Laos through 220 kV interconnected transmission lines. According to the agreement between the two governments, the total import capacity from Laos is expected to climb to 5,000-8,000 MW by 2030.

Electricity from China is purchased via two 220 kV transmission lines, Malungtang-Ha Giang and Maquan-Lao Cai, during the dry season, with a total capacity of about 550 MW and an output of 2-3 billion kWh per year.

Comments (0)
  • Read More
Vietnamese approves two-year sandbox trial of P2P lending

Vietnamese approves two-year sandbox trial of P2P lending

Vietnam will roll out a two-year sandbox trial of peer-to-peer (P2P) lending, credit scoring, and data sharing via open application programming interfaces, starting July 1, according to a newly-issued government decree.

Banking & Finance - Sat, May 3, 2025 | 8:17 am GMT+7

Hyundai Vietnam joint venture to spend $100 mln on shipbuilding capacity expansion

Hyundai Vietnam joint venture to spend $100 mln on shipbuilding capacity expansion

Hyundai Vietnam Shipbuilding Co., Ltd. (HVS), a joint venture between South Korea and Vietnam, is set to invest an extra $100 million in expanding its shipbuilding capacity in Vietnam.

Industries - Fri, May 2, 2025 | 8:03 pm GMT+7

Vietnam's economic hub HCMC moves closer to establishing int’l financial center

Vietnam's economic hub HCMC moves closer to establishing int’l financial center

After more than two decades of planning, the vision of establishing an international financial center in Ho Chi Minh City is finally gaining real momentum as the Politburo has officially endorsed the proposal, drawing significant attention from investors.

Southeast Asia - Fri, May 2, 2025 | 6:04 pm GMT+7

Vietnam cuts LNG import tariff to boost clean energy transition

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on LNG from 5% to 2% under a decree issued on March 31, which marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.

Southeast Asia - Fri, May 2, 2025 | 3:26 pm GMT+7

Vietnam races against time to have EC’s 'yellow card' lifted before Sept 15

Vietnam races against time to have EC’s 'yellow card' lifted before Sept 15

Vietnam's Ministry of Agriculture and Environment has proposed Prime Minister Pham Minh Chinh issue an action plan to address the European Commission's (EC) “yellow card” warning and prepare for the fifth EC inspection.

Southeast Asia - Fri, May 2, 2025 | 3:21 pm GMT+7

Vietnam's property market sees mixed prospects in Q2: analysts

Vietnam's property market sees mixed prospects in Q2: analysts

Vietnam’s real estate market is expected to see positive developments in Q2, with developers launching new projects, but uncertainties from U.S. trade policies may influence market sentiment and consumer confidence, said analysts.

Real Estate - Fri, May 2, 2025 | 3:14 pm GMT+7

Vietnam’s largest container fleet operator records 478% profit growth in Q1 on surging shipping rates

Vietnam’s largest container fleet operator records 478% profit growth in Q1 on surging shipping rates

Vietnam’s Hai An Transport and Stevedoring JSC (HAH) reported after-tax profit of nearly VND274 billion ($10.54 million) in Q1/2025, skyrocketing 478% year-on-year, thanks to soaring shipping rates.

Companies - Fri, May 2, 2025 | 3:00 pm GMT+7

Vietnam's leading construction contractor Hoa Binh targets US market amid low domestic profit

Vietnam's leading construction contractor Hoa Binh targets US market amid low domestic profit

Hoa Binh Construction Group, one of Vietnam's top contractors, is negotiating a joint venture agreement with American partners to pave the way for implementing major projects in the U.S.

Companies - Fri, May 2, 2025 | 2:04 pm GMT+7

Northern Vietnam province Hai Duong to have first urban area-golf course complex

Northern Vietnam province Hai Duong to have first urban area-golf course complex

Hai Duong province's authorities have granted in-principle approval for the Lien Hong New Urban Area and Golf Course project, with a total investment of VND11 trillion ($423 million).

Real Estate - Fri, May 2, 2025 | 9:59 am GMT+7

Central Vietnam 'awakened' by major resort projects

Central Vietnam 'awakened' by major resort projects

From once-abandoned coastal lands to emerging resort-urban areas, central Vietnam is witnessing a strong resurgence of investment.

Real Estate - Fri, May 2, 2025 | 9:22 am GMT+7

Vietnam Airlines posts strong profit on international passenger surge, fuel price decline

Vietnam Airlines posts strong profit on international passenger surge, fuel price decline

National flag carrier Vietnam Airlines (HVN) said on Wednesday that it recorded consolidated pre-tax profit of around VND3.6 trillion ($138 million) on consolidated revenue of approximately VND31.1 trillion ($1.2 billion) in Q1/2025.

Companies - Fri, May 2, 2025 | 8:17 am GMT+7

S Korean firms pledge nearly $2 bln in new investments in Indonesia

S Korean firms pledge nearly $2 bln in new investments in Indonesia

South Korea's companies will increase their investment in Indonesia by $1.7 billion, Indonesian Economic Minister Airlangga Hartarto said on Monday after attending a meeting between a Korean business association and President Prabowo Subianto.

Southeast Asia - Thu, May 1, 2025 | 10:01 pm GMT+7

Malaysia develops sustainable semiconductor ecosystem

Malaysia develops sustainable semiconductor ecosystem

The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) on Monday announced a landmark MoU signed recently regarding the establishment of Bintang Semiconductor Impact Fund I (BSIF I).

Southeast Asia - Thu, May 1, 2025 | 9:59 pm GMT+7

Vietnam to become second-largest economy in Southeast Asia by 2036: CEBR

Vietnam to become second-largest economy in Southeast Asia by 2036: CEBR

The Centre for Economic and Business Research (CEBR), in its report World Economic League Table 2022, forecasts that Vietnam will become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036.

Southeast Asia - Thu, May 1, 2025 | 9:42 pm GMT+7

Vietnam conglomerate Vingroup's Q1 revenue surpasses $3 bln for first time

Vietnam conglomerate Vingroup's Q1 revenue surpasses $3 bln for first time

Vingroup, Vietnam's leading private conglomerate, recorded revenue of VND84.05 trillion ($3.3 billion) in the first quarter of 2025, its record high.

Companies - Thu, May 1, 2025 | 3:44 pm GMT+7

Work starts on expressway connecting Vietnam's Central Highlands with southeastern region

Work starts on expressway connecting Vietnam's Central Highlands with southeastern region

Construction on Tuesday began on the first component of Gia Nghia town (the Central Highlands province of Dak Nong)-Chon Thanh town (the southeastern province of Binh Phuoc) section of the North-South Expressway.

Infrastructure - Thu, May 1, 2025 | 2:46 pm GMT+7