Vietnam PM demands sufficient power supply
Electricity supply sources in Vietnam have to leave no stone unturned to ensure adequate supply during the heat wave across the country, Prime Minister Pham Minh Chinh said.
The PM, at a meeting between permanent cabinet members, ministries, and agencies in Hanoi late Thursday, stressed that all resources must be used to assure sufficient electricity for production, businesses, and daily use.
The current intense heat wave has caused a spike in electricity demand, reservoirs across the country have become dry due to El Nino-triggered drought, and coal imports from Indonesia serving coal-fired power plants have not arrived in Vietnam.

Tri An Reservoir serving Tri An Hydropower Plant in Dong Nai province, southern Vietnam has dried up due to drought. Photo courtesy of Dong Nai newspaper.
The PM asked state-run mining group Vinacomin and North-East Corporation to provide sufficient coal to those thermal power plants using domestic coal.
Those using imported coal need to borrow or repurchase coal from others. Meanwhile, state-owned Petrovietnam must ensure the supply of fuel for oil- and gas-fired power plants, the PM said.
State-run utility Vietnam Electricity, or EVN, was required to maximize supply from hydropower plants and conduct rapid negotiations for temporary buying prices with wind and solar power projects that missed the government's preferential feed-in-tariffs (FiTs) scheme.
The PM assigned Deputy Minister of Industry and Trade Dang Hoang An to directly instruct EVN in operating the national electricity system to assure adequate supply and prevent shortages.
Deputy Prime Minister Tran Hong Ha on Wednesday asked the Ministry of Industry and Trade to study a pricing mechanism similar to that applied to build-transfer (BT) transport projects for wind and solar power initiatives that missed out on preferential feed-in-tariffs. They are called transitional projects.
Ha required the ministry to soon revise regulations and provide specific instructions on price calculation methods for these renewable energy projects.
Currently, 84 renewable energy projects with a total capacity of more than 4,600 megawatts have missed deadlines for commercial operation. Of these, 34 transitional projects (28 wind and six solar power) with a total capacity of nearly 2,100 MW have been completed and put into trial run.
- Read More
Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes
Ton Dong A, leading galvanized steel manufacturer in Vietnam, will focus more on the domestic market due to export difficulties, raising the ratio of domestic sales to 75%.
Companies - Fri, June 13, 2025 | 4:56 pm GMT+7
Vietnam's leading construction materials maker Viglacera appoints new chairman
The board of directors of Viglacera, Vietnam's leading construction materials maker, has appointed Tran Manh Huu as new chairman, succeeding Nguyen Van Tuan.
Companies - Fri, June 13, 2025 | 3:08 pm GMT+7
Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project
Vietnam expects the U.S.'s Exxon Mobil to speed up the long-delayed Blue Whale gas field project in line with the contract.
Energy - Fri, June 13, 2025 | 2:06 pm GMT+7
Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy
Prime Minister Pham Minh Chinh says he hopes Swedish companies will continue to expand their investment in Vietnam's information technology infrastructure, especially in remote areas.
Economy - Fri, June 13, 2025 | 11:28 am GMT+7
Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam
Singapore-based Keppel Corporation brought in SGD98 million ($76.54 million) from selling a 22.6% stake in a property complex in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Fri, June 13, 2025 | 8:28 am GMT+7
Thailand tightens e-commerce rules
Thailand is preparing to increase oversight of digital marketplaces, adding rules for certain types of platforms to strengthen consumer protection and ensure responsible e-commerce, Bangkok Post quoted the Electronic Transactions Development Agency (ETDA) as saying.
Southeast Asia - Thu, June 12, 2025 | 10:56 pm GMT+7
Malaysia attracts nearly $21 bln investment in Q1
Malaysia has secured MYR89.8 billion (nearly $21 billion) in approved investments for Q1, a 3.7% year-on-year increase amid a challenging global economic backdrop, according to the Malaysian Investment Development Authority (MIDA).
Southeast Asia - Thu, June 12, 2025 | 10:53 pm GMT+7
Thailand targets faster EV growth
Thailand’s Board of Investment (BoI) is stepping up efforts to promote the electric vehicle (EV) industry by offering more investment incentive packages aimed at supporting the emerging sector and creating additional EV-related jobs.
Southeast Asia - Thu, June 12, 2025 | 10:46 pm GMT+7
Malaysia to hold second round of trade talks with US
Malaysia’s Ministry of Investment, Trade and Industry (MITI) said Minister Tengku Zafrul Aziz is scheduled to travel to Washington D.C. on June 18 for a new round of discussions focused on tariffs.
Southeast Asia - Thu, June 12, 2025 | 10:40 pm GMT+7
Vietnamese banks' bond issuance sees three-fold rise in first 5 months
Vietnamese banks have significantly increased their bond issuance in 2025, with a reported total issuance of VND81 trillion ($3.1 billion) in the first five months of the year.
Finance - Thu, June 12, 2025 | 10:17 pm GMT+7
PVFCCo - Phu My, PVOIL sign strategic cooperation agreement in services, trade, and chemicals
Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My) and Petrovietnam Oil Corporation (PVOIL) on Wednesday signed a strategic cooperation agreement, marking the beginning of a comprehensive, multi-sector collaboration between the two members of state-owned Petrovietnam.
Companies - Thu, June 12, 2025 | 7:56 pm GMT+7
Vietnam's Minister of Trade suggests Walmart build 'strategic purchasing center'
Vietnam's Minister of Industry and Trade Nguyen Hong Dien has suggested the world's biggest retailer Walmart "research and build a strategic purchasing center" in the Southeast Asian country.
Economy - Thu, June 12, 2025 | 5:48 pm GMT+7
French giants seek to join nuclear power, high-speed rail projects in Vietnam
Major French corporations on Wednesday proposed engaging in nuclear power and high-speed rail projects in Vietnam, as well as cooperating in aerospace development while meeting with Prime Minister Pham Minh Chinh in Paris.
Economy - Thu, June 12, 2025 | 3:55 pm GMT+7
Three outlets of C.P. Vietnam fined for food safety violations
Three CP Fresh Shop outlets operated by Thailand-invested C.P. Vietnam in the southern province of Soc Trang have been fined a total of VND105 million ($4,100) for food safety violations.
Companies - Thu, June 12, 2025 | 3:19 pm GMT+7
Vietnam's parliament okays cutting number of provinces and cities from 63 to 34
The National Assembly, Vietnam's legislature, on Thursday passed a resolution that will reduce the country's number of provinces and cities from 63 to 34, effective immediately.
Economy - Thu, June 12, 2025 | 11:49 am GMT+7
Two French aerospace giants aim to expand presence in Vietnam
France’s Aerospace groups Airbus and Safran on Wednesday expressed their wish to expand operations in Vietnam and proposed collaboration initiatives with the Vietnamese Government and businesses.
Economy - Thu, June 12, 2025 | 10:27 am GMT+7