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Starting Thursday, Vietnam’s power prices increased by 4.5% to over VND2,000 (8.2 U.S. cents) per kWh, the second time they went up this year. Average power prices have increased from VND1,920.37 to VND2,006.79 per kWh, just six months after prices increased…
With the construction of many large power plants stalling or slowing and the dependence on imports for energy increasing, electricity shortages are possible until 2050, lawmakers fear. According to a report on energy development in 2016-21 done recently by a…
Vietnam Electricity (EVN) is seeking approval from the government to speed up the import of electricity from Laos since shortages are forecast in the northern region. It plans to import electricity equivalent to 225 MW from the Nam Mo and Houay Koauan…
Vietnam has been making policy changes to open up the electricity industry to private investors, but still remains far from creating a competitive market. Until 2006 state-owned Vietnam Electricity (EVN) owned all power plants in the country, but its monopoly…
National utility Electricity of Vietnam (EVN) has agreed with a proposal of the Ministry of Industry and Trade to review retail electricity prices every three months to decide whether to make any adjustments. If production costs increase by 3-5%, EVN is…
Vietnam Electricity has sought the Government’s permission to hike power tariffs soon saying production costs have risen sharply. The average electricity price was increased by 3% on May 4 to VND1,920.37 (8 U.S. cents) per kilowatt-hour (kWh). But the cost of…
Hydropower plants in northern Vietnam have pumped up their production by almost a quarter compared to earlier this month, to release water amid forecasts of heavy rain caused by Storm Talim. Water levels at most hydropower plants are now 10-20 meters higher…
Oil and gas giant Petrovietnam has liquidity issues because it has not been able to collect payables of VND23 trillion ($971 million) from state-owned utility Vietnam Electricity. Over VND14 trillion of the amount is past due, and this is having a major…
The cost of electricity will increase 3% starting Thursday, due to rising input and production costs. The hike to VND1,920.37 (8.2 cents) per kWh, excluding VAT, decided by Vietnam Electricity (EVN) and approved by the Government and the Ministry of Industry…
The Ministry of Industry and Trade is considering an electricity price hike following the huge loss reported by state utility Vietnam Electricity (EVN) for last year. “The rate and time of the increase will be considered carefully to safeguard the benefits of…
Vietnam has raised its electricity price range by double-digits for the first time since 2017, paving the way for a hike in retail prices. The minimum electricity price was increased 13.7% to VND1,826.22 (7.8 U.S. cents) per kilowatt-hour beginning February…
Electricity supply, made up of both domestic production and imports, is set to increase by 5.96% from last year to 284.5 billion kilowatt-hours in 2023. The Ministry of Industry and Trade ordered the country’s main coal producers, Vinacomin and Dong Bac Corp,…
Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil, and gas since the beginning of this year…
There could be electricity shortages in the offing since a leading gas firm has to reduce supply to thermal power plants to relocate a rig. PetroVietnam Gas Joint Stock Corporation (PVGas) announced that its contractor, Hibiscus of Malaysia, would stop gas…
Energy developer Trungnam Group plans to issue US$500 million worth of bonds in the next three years to fund a number of projects until 2030. It is planning onshore and near-shore wind power plants that will almost triple its renewable energy capacity by 2026…
Japanese retailer Aeon launched a new label in Vietnam, focusing on cheap everyday clothing, as an answer to brands like H&M or Uniqlo. The new lineup, called My Closet, features around 400 items that cost 50%-75% that of its competitors, targeting 16- to…
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