Accc retail electricity pricing inquiry

The Power Development Master Plan 8 aims to mobilize all domestic and international resources for electricity development, ensuring a sufficient supply of electricity with increasingly high quality and reasonable electricity prices. Specifically, by 2030, the total installed power capacity of Vietnam will reach 137.2 gigawatts (GWs). Of which, coal-fired thermal power accounts for 26 percent; gas-fired thermal power 21 percent; hydroelectricity 18 percent; wind, solar, and other renewable energy 29 percent. In 2045, the total power capacity will nearly hit 276.7 GWs. Of which, coal-fired thermal power accounts for 18 percent; gas-fired power 24 percent; hydroelectricity 9 percent; wind, solar, and other renewable energy above 44 percent. Through the structure of the power source, it shows that the Power Development Master Plan 8 encourages the development of renewable energy, besides hydroelectricity, from about 13 percent in 2020 to nearly 30 percent in 2030, and 44 percent in 2045. Contributing opinions to the Draft National Power Development Plan 8, experts said that many economic and technical factors are difficult to determine. For example, the Covid-19 pandemic continues to develop complicatedly, possibly negatively affecting the supply and demand of the energy system in general and the power system in particular. Besides, the boom in investment registration for renewable energy projects, especially solar and wind power, requires a more appropriate approach in planning, designing, investing, and operating the power system. In particular, it is necessary to have a lucid, transparent, objective, and scientific mechanism to encourage the development of renewable energy. To be able to carry out well the Power Development Master Plan 8 in the current situation, the challenge is that the electricity demand is still growing at a high speed but the primary energy source is increasingly scarce. To ensure electricity supply until 2030, Vietnam is expected to …

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A wind farm in Binh Thuan province (Photo: VNA) Hanoi (VNS/VNA) - Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation. British Ambassador to Vietnam Gareth Ward said at the UK – Vietnam Renewable Energy Dialogue on Wednesday that clean energy was becoming a global trend, adding that every 1 investment USD in clean energy would help generate from 3-8 USD. The Vietnamese Government in 2015 approved the renewable energy development strategy to 2030 with a vision to 2050 which aimed to increase the percentage of renewable power from 35 percent in 2015 to 38 percent in 2020 and 43 percent in 2050. The Government also introduced incentive policies to encourage the development of wind power , biomass energy, energy from waste and solar power. Hoang Tien Dung, Director of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, said developing renewable energy was important in the context that sources for hydropower were being exhausted, thermopower was limited due to commitments to global climate change and gas-fired power had high production costs. According to the draft national power development planning for 2021-30 period with a vision to 2045, Vietnam had large potential for renewable energy development which was estimated to amount up to 855GW, mostly solar power (434GW), and wind power (375GW). The potential for off-shore wind power was estimated at 158GW. Off-shore power was attracting increasing interest from foreign organisations and investors, Nguyen Ninh Hai, Head of the Renewable Energy Department under the Electricity and Renewable Energy Authority, said. Hai said that as off-shore wind power was a new thing to Vietnam, the Ministry of Industry and Trade was cooperating with some research …

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On the first day, tons of agricultural products were available at General Merchandise Store & Supermarket (GMS) AEON - Long Bien, AEON - Ha Dong and AEON MaxValu Express Riverside Supermarket (Thanh Xuan, Hanoi), AEON MaxValu Express EcoPark Supermarket (Hung Yen). These products including cabbage, kohlrabi, carrots, tomatoes, guava pears, ... are packed in bags of 4-5 kg ​​or more with the same price of 30,000 VND / bag. AEON Vietnam purchased products for “rescure” from VietGAP certified farming suppliers and cooperatives in order to bring safe and quality products to consumers from Hai Duong province. Representative of AEON Vietnam, Ms. Tran Thu Quynh – Northern Merchandising General Manager, said: “Understanding the difficulties of farmers in Hai Duong, AEON Vietnam would like to join hands to support and promote the consumption of their agricultural products. We hope that Covid-19 situation will be more positive, and lives of the people here will become stable again. In the complicated context of the Covid-19, AEON Vietnam keeps maintaining and strengthening prevention measures in accordance with government regulations at all of its business locations nationwide as well as during the transportation of agricultural products. It is AEON Vietnam’s effort in ensuring a safe and secure shopping environment for customers and joining hands with the community to prevent the epidemic. In February 2020, AEON Vietnam also participated in the activity of "rescue" agricultural products for farmers in the Southern provinces. In only 05 days (1/2 - 5/2/2020), the company has supported to consume nearly 20 tons of dragon fruit and nearly 60 tons of watermelon. Aiming to be a needed retailer, AEON Vietnam is constantly striving to meet the needs of customers, enrich their lifestyle and contribute to the socio-economic development of Vietnam. PV …

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