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EVN

EVN wants to invest in more power generation projects

EVN wants to invest in more power generation projects

Việt Nam Electricity (EVN) expects the Government to allow it to implement new power generation projects to ensure stable and safe electricity supply for socio-economic development demand.
Increase in electricity prices concerns manufacturer

Increase in electricity prices concerns manufacturer

The average electricity retail price has been increased by 4.8 per cent to VNĐ2,103.11 (US$0.085) per kWh, triggering concerns about its impact on residential and business lives.
EVN incurred more than VNĐ21 trillion in losses on rising costs

EVN incurred more than VNĐ21 trillion in losses on rising costs

Việt Nam Electricity incurred a loss of more than VNĐ21 trillion (US$845 million) in 2023 on rising electricity production costs, according to the results of an inspection announced by the Ministry of Industry and Trade on Thursday.
PetroVietnam, EVN sign agreements to promote LNG power

PetroVietnam, EVN sign agreements to promote LNG power

Vietnam Oil and Gas Group (Petrovietnam) on Friday signed a power purchasing agreement (PPA) for Nhơn Trạch 3 and 4 power plant project and a memorandum of understanding to supply liquified natural gas (LNG) for Quảng Trạch 2 with Vietnam...
EVN, TKV work to ensure adequate coal supply for electricity production

EVN, TKV work to ensure adequate coal supply for electricity production

Việt Nam Electricity (EVN) and the Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV) worked together to ensure adequate supply of coal for electricity production in the remaining months of this year.
Market-based pricing critical to attract investment in electricity industry

Market-based pricing critical to attract investment in electricity industry

Electricity prices in Việt Nam have not been set following market-based mechanisms, as fluctuations of input costs for electricity production have not been fully reflected in the selling prices.
EVN reports record loss despite electricity price increases

EVN reports record loss despite electricity price increases

Although electricity prices were increased twice in 2023, Việt Nam Electricity (EVN) reported an after-tax loss of VNĐ26.77 trillion (US$1.053 billion) on rising electricity production costs, according to its audited financial report.
Government issues two options for direct electricity trading

Government issues two options for direct electricity trading

The Government has issued details of the direct power purchase agreement (DPPA) mechanism between renewable energy generators and large customers,  with two options being through a private power line and the national grid via EVN.
Deputy PM askes favourable condition for direct power purchase

Deputy PM askes favourable condition for direct power purchase

Deputy Prime Minister Trần Hồng Hà urged the Ministry of Industry to complete the draft decree on direct power purchase agreement while provide a more persuasive explanation in terms of technical issues and ground for giving priorities to wind, solar...
Govt leader urges more efforts to ensure power supply

Gov’t leader urges more efforts to ensure power supply

Electricity demand is forecast to increase by 9 per cent for the full year, but in recent months, demand rose 13-17 per cent in the northern region.
EVN denies businesses warned to cut down power consumption

EVN denies businesses warned to cut down power consumption

Vietnam Electricity (EVN), the country''s largest power company, said the rumour about Vietnamese authorities urging certain businesses in northern Việt Nam to voluntarily reduce electricity usage by 30 per cent is inaccurate.
Ensure feasibility of direct power purchase mechanism: Deputy PM

Ensure feasibility of direct power purchase mechanism: Deputy PM

DPPA is considered a foundation for Việt Nam to develop a competitive power market in which the State management will be separated from electricity production, transmission and distribution.
Ministry asks to increase electricity supply by 4.4 billion kWh this year

Ministry asks to increase electricity supply by 4.4 billion kWh this year

Statistics showed that Việt Nam Electricity (EVN) commercial electricity output reached 62.66 billion kWh in the quarter, up by 11.42 per cent against the same period last year.
Difficulties faced in negotiations of power purchase agreements: EVN

Difficulties faced in negotiations of power purchase agreements: EVN

In the event Vietnam Electricity (EVN) and investors fail to produce a consensus, the prices will be determined by the Ministry of Industry and Trade with consideration given to fair competition for other sources of electricity. 
Adjusting prices will depend on assessment of macroeconomic impacts: MoIT

Adjusting prices will depend on assessment of macroeconomic impacts: MoIT

The Government allows the adjustment of the average retail electricity prices every three months. But that does not mean regular changes will happen.