The Commission for Management of State Capital at Enterprises has sent a report to the Ministry of Planning and Investment on the production, business, investment, and development of state-owned enterprises under its management. According to the report, EVN reported a loss of more than VND28.7 trillion ($1.21 billion) in the first eight months of 2023. In 2022, EVN posted a loss of VND26.5 trillion ($1.1 billion), excluding exchange rate differences. This year, EVN proposed an increase in the price of electricity to compensate for losses. This proposal has been approved as the electricity price has remained consistent over the past four years. Accordingly, in May, the retail electricity price increased by 3 per cent to an average of VND1,920 (8 US cents) per kilowatt hour, excluding VAT. EVN has also sent a document to the Ministry of Industry and Trade to comment on the draft revision to replace Decision No.24/2017/QD-TTg. According to the draft, the mechanism to adjust … [Read more...] about Vietnam Electricity incurs further losses so far this year
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“Just energy transition partnerships” to help foster Vietnam’s economy, labor market: workshop
A conference for experts from Germany and Vietnam to analyze and discuss the potential of Vietnam’s just energy for local economic and labor growth took place in Hanoi on Wednesday. The “Just Energy Transition = Job Accelerator for Vietnam? German-Vietnamese perspectives on employment and skills needs,” hosted by the German Embassy in Hanoi on Wednesday, attracted nearly 200 delegates and 300 private attendees, according to press release issued by the embassy. “Just energy transition” typically refers to financing mechanisms that allow developed countries to fund clean energy initiatives in fossil fuel-dependent developing countries. Many of those in attendance represented Vietnamese governmental agencies, such as the National Assembly; the Ministry of Labor, Invalids and Social Affairs; the Ministry of Industry and Trade; the Electricity of Vietnam (EVN); the Vietnam Chamber of Commerce and Industry; and the Vietnam Academy of Social Sciences. Representatives from … [Read more...] about “Just energy transition partnerships” to help foster Vietnam’s economy, labor market: workshop