Despite years of leading in foreign investment attraction, Vietnam continues to face stiff competition and must intensify its efforts to remain competitive.
With the steady development of the electricity and renewable energy market, the 8th Electric & Power Vietnam 2022 exhibition officially took place on September 7-9, at Saigon Exhibition & Convention Center (SECC).
Retail electricity price has surged on average by 8.36 per cent from March 20, the Ministry of Industry and Trade announced today.
The changing macroeconomic and sectoral context in Vietnam requires a new approach to financing electricity and gas investments, according to the World Bank Group.
The U.S. Trade and Development Agency has announced its intention to support Vietnam Electricity Corporation to develop a liquefied natural gas terminal in the southern part of the country.
Electricity of Vietnam (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
Petrovietnam Power Corporation (PV Power), Vietnam's second-largest electricity producer, is becoming an investment target of Teakwang Korea, with a deal value of up to VND12 trillion (US$528 million).
The project supporting the efforts of industrial enterprises to adopt energy-efficiency technologies and practices is expected to help Vietnam save about 4.5 million MWh of electricity per year by July 2022.
The €108-million EU-Vietnam Energy Facility, funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) in the form of a non-refundable ODA grant, has been officially started.
Vietnam Electricity (EVN) has been alleged to inaccurately report some of the costs and revenues, leading to the reduction of tax and interest which must be paid to the State budget.
The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.
The Equitisation of PV Power, the second largest power producer in Vietnam, kicked into high gear after the Ministry of Industry and Trade (MOIT) presented its new equitization plan to the Government on November 8, 2017.
Electricity of Vietnam owes US$9.7 billion, and often blames losses for hiking prices.
