A worker installs new electricity meters for customers in Hanoi. EVN is concerned about a power shortage in the upcoming dry season - PHOTO: VNA HCMC – Vietnam Electricity Group (EVN) has expressed concern over a potential shortage of power in the upcoming dry season, which will last for six months. … [Read more...] about EVN concerned over power shortage in upcoming dry season
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Central province approves key projects
The decisions were attributable to the province's efforts to facilitate reform through shortening the time for administrative processing, regularly providing updated information and data on planning, and the latest mechanisms and policies to businesses and investors, and guiding them on how to approach investment incentives in an effective manner. … [Read more...] about Central province approves key projects
SBV encourages M&As to restructure banks
Currently, in the banking system, there are still 12 banks with charter capital of less than VND4 trillion (US$179.4 million). This source of capital is modest because in the context of fierce competition, banks need a strong financial capacity to boost lending activities and trade support as well as to invest in infrastructure such as information technology system and business-related services. … [Read more...] about SBV encourages M&As to restructure banks
Power supply to face challenges in upcoming dry season
The backbone of Vietnam’s electricity remains hydropower which produced 3.066 billion kWh, down by 38.31 percent while coal-fired plants produced 10.196 billion kWh, up by 10.99 percent, gas turbines produced 2.916 billion kWh, oil-run thermoelectric turbines 180 million kWh and renewable energy including wind, solar, biomass 887 million kWh. … [Read more...] about Power supply to face challenges in upcoming dry season
Vietnam, Laos sign energy cooperation deals
Pacts signed in Hanoi in early January with Laos’ Phongsubthavy and Chealun Sekong groups provide for EVN to buy electricity from five hydropower plants, beginning in 2021 and 2022, EVN said. Lao Minister of Energy and Mines Khammany Inthirath and Vietnam’s Minister of Industry and Trade Tran Tuan Anh witnessed the signing and said mutual benefit was the basis for expanding bilateral cooperation in the future. … [Read more...] about Vietnam, Laos sign energy cooperation deals
