No power shortage under any circumstances: Minister

06:00 | 01/05/2024 Energy Follow Ven.vn on

(VEN) - At a recent meeting on power supply and operation plans of the national power system in peak months of the dry season in 2024, Minister of Industry and Trade Nguyen Hong Dien directed relevant units and agencies to strictly implement the Prime Minister’s Directive on ensuring electricity supply, coal and gas supply for electricity production.

High demand for electricity

According to the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT), in the first three months of this year, the demand for electricity in the entire system reached 11.77 percent, higher than initial forecasts with high growth recorded in sectors, such as industry - construction (up 12.4 percent); agriculture (up 17 percent); trade - hotel - restaurant (up 14.6 percent).

No power shortage under any circumstances: Minister

At the meeting on power supply and operation plans of the national power system during peak dry season months in 2024 - photo: Du Ca

During the period, the electricity supply for production, business and daily use was well guaranteed thanks to proactive and flexible directions, as well as constant supervision from the government, the MoIT, localities, and power generation units under Vietnam Electricity (EVN). However, in the context of this year’s heat waves being forecast to come early, the MoIT recently held a working session with EVN, Vietnam Oil and Gas Group (PVN), Vietnam National Coal-Mineral Industries Holding Corporation Limited (TKV), Dong Bac Corporation, and related agencies under the MoIT to review the power supply and operation plans of the national power system during the peak dry season months in 2024.

Leaders of EVN said that difficulties in the operation of power systems are forecast during peak months (from April to July), especially in the northern region. Therefore, related units and agencies need to actively implement solutions to ensure the availability of power sources and reduce the peak load of the systems. Representatives of PVN, TKV and Dong Bac Corporation committed themselves to creating maximum conditions for supplying coal and gas for power generation.

Solutions to ensure power supply

At the meeting, Minister Nguyen Hong Dien directed relevant units and agencies to strictly implement a number of directives issued by the Prime Minister and the MoIT as well as decisions and plans on ensuring electricity supply, coal and gas supply for electricity production in 2024.

Electricians check the operation of a power transmission system to ensure safe and stable electricity supply - photo: VGP

The minister demanded thermal power plants to provide sufficient and stable coal for power generation. “Under no circumstances should there be electricity shortages,” he said. Regarding power generation from hydroelectric plants, he asked related units to coordinate more closely to ensure harmoniously water supply to downstream areas and power generation, not letting hydroelectric reservoirs’ water levels lower than the dead water levels before the flood season.

The minister also urged EVN and PVN to carry out several major tasks, especially providing proposals concerning mechanisms and policies for development of offshore windpower and gas power projects. He required EVN to develop monthly electricity supply plans to suit actual situations; and mobilize power sources, especially hydropower sources during peak hours to meet electricity load demand. He also asked PVN, TKV and Dong Bac Corporation to strengthen coordination with EVN and related units in coal and gas supply for power plants according to plans and signed contracts among related parties, promote coal import and mining to ensure sufficient supply for power production.

See more news

PM sets higher requirements for 500 kV Lao Cai – Vinh Yen transmission line project

22:25 | 16/03/2025 Industry

The 500 kV Lao Cai – Vinh Yen transmission line is a strategic national infrastructure project approved by the Government, with Vietnam Electricity (EVN) as the investor. The double-circuit transmission line will span 229.5 kilometers, with 468 tower foundations across the four northern provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc. The total investment for the project is over 7.41 trillion VND (290.41 million USD).

Vietnam's oil venture in Algeria advances to second phase with promising results

18:49 | 15/03/2025 Industry

A joint oil exploration and extraction project in Algeria, involving Vietnam’s Petrovietnam Exploration Production Corporation (PVEP), Algeria’s state-owned Sonatrach, and Thailand’s PTTEP, has entered its second phase, building on a track record of success.

Vietnam, US look to strengthen comprehensive energy cooperation

18:07 | 15/03/2025 Industry

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Call for increased use of hydrogen energy in Vietnam

17:36 | 10/03/2025 Industry

Vietnam's hydrogen strategy sets an ambitious goal of producing 100,000 to 500,000 tonnes of green hydrogen annually by 2030, with a long-term target of 10 to 20 million tonnes per year by 2050.

Resolution on special mechanisms for Ninh Thuan nuclear power project investment

14:44 | 27/02/2025 Industry

The resolution stipulates several special mechanisms and policies for the development of the project, including the Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants, and component projects, along with some others for the south-central province of Ninh Thuan to support the project implementation.

Breaking barriers to lure private investment for energy growth: insiders

11:52 | 27/02/2025 Industry

The Politburo established a framework for private participation with the issuance of Resolution 55-NQ/TW on February 2020, outlining Vietnam’s energy development strategy until 2030 with a vision to 2045.

Vietnam, RoK strengthen energy cooperation

15:59 | 26/02/2025 Energy

The Vietnamese energy market is expected to be very dynamic, and Vietnam is keen to welcome foreign investors, including those from the RoK. The country also welcomes comprehensive strategic partners with rich experience and knowledge in nuclear power.

Building a foundation for Vietnam to develop nuclear power

16:21 | 24/02/2025 Energy

As Vietnam is accelerating its energy transition, the successful implementation of nuclear power projects will mark an important step forward, bringing the country closer to sustainable development goals and modernising its energy sector.

Reasonable electricity prices to attract investment in Vietnam’s energy sector

15:59 | 21/02/2025 Energy

Affordable and competitive electricity rates play a vital role in ensuring consistent revenue streams for private enterprises, encouraging their participation in Vietnam's domestic energy market.

PM approves plan to shift from coal to clean energy

16:39 | 18/02/2025 Energy

It aims to mobilise domestic and international resources for power sector development, adopt co-firing technology with clean fuels to gradually reduce emissions from coal-fired plants, phase out outdated and inefficient facilities, and accelerate renewable energy expansion to ensure stable and affordable electricity supply.

Latest Most Read

ASEAN economic ministers push for upgrades to ATIGA

16:34 | 09/05/2025 Cooperation

The second special ASEAN Economic Ministers’ (AEM) meeting on the upgrade of the ASEAN Trade in Goods Agreement (ATIGA) concluded successfully, laying a solid foundation for the next rounds of negotiations.

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

(VEN) - Every year, workers around the world celebrate the International Workers’ Day on May 1 - a great festival of the working class and working people around the world. This is not only a holiday, but also a moment to look back upon the journey of struggle, dedication and growth of the labor force - the backbone of every economy.

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

At the 2025 Annual General Meeting of Shareholders (AGM), Imexpharm approved its 2025 growth plan, targeting total revenue of VND2,981 billion and profit before tax of VND 493.5 billion - representing year-on-year increases of 18.6% and 22.1%, respectively.

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

(VEN) - After the reorganization of its administrative structure, Vietnam is expected to reduce the number of provincial-level administrative units by 50 percent and commune-level units by 60-70 percent, making the state management apparatus leaner, stronger and more efficient, and expanding new development space for localities.

Vietnam-Laos relations vital to revolutionary cause in each country: State leader

10:05 | 26/04/2025 Cooperation

The relationship between Vietnam and Laos is an invaluable asset and crucial to the revolutionary cause of both countries, State President Luong Cuong affirmed while meeting former high-ranking leaders of Laos in Vientiane on April 25 as part of his two-day state visit to Laos.

Party Central Committee convenes 11th plenum

11:12 | 10/04/2025 News and Events

The 11th plenum of the 13th Party Central Committee opened in Hanoi on April 10 under the chair of General Secretary To Lam.

Vietnam, US to negotiate reciprocal trade agreement

11:22 | 10/04/2025 Cooperation

The US has agreed to begin negotiations on a reciprocal trade agreement with Vietnam, as proposed by Vietnamese Deputy Prime Minister Ho Duc Phoc at his meeting with US Trade Representative Jamieson Greer on April 9.

Public investment key to Vietnam's growth amid global trade uncertainty: Expert

14:24 | 10/04/2025 Economy

In times of limited monetary policy, public investment will be a crucial driver of Vietnam’s economic growth in 2025, according to a representative from the Asian Development Bank (ADB).

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

ASEAN urged to remain united, calm, resilient in cooperation with US

21:39 | 10/04/2025 Cooperation

Vietnam supports ASEAN’s comprehensive, flexible, and practical approach to enhancing economic resilience and promoting supply chain diversification through the effective utilisation of free trade agreements (FTAs), he affirmed.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

(VEN) - Half a century has passed since the historic moment of April 30, 1975, when Vietnam was reunified. The nation, united in joy, is steadily marching into a new era of growth with national aspiration.

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

(VEN) - In the context of a rapidly transforming economy driven by the 4th Industrial Revolution, improving labor productivity is not only an urgent requirement for every business, but also a personal responsibility for each worker.

Vietnamese Brands

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

(VEN) - With a strong determination to “innovate from the core” for sustainable development in the future, Petrovietnam has officially adopted its new designation as the Vietnam National Industry - Energy Group.

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

(VEN) - The increasing competitive pressure is forcing businesses in the tourism industry to innovate their business models and enhance service quality to keep up with current trends, focusing on key criteria, such as safety, personalized experiences, and technological convenience.

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

No power shortage under any circumstances: Minister

See also

See more news

Multimedia