2016 power plans focus on the south

10:12 | 20/12/2015 Industry Follow Ven.vn on

(VEN) - 2016 has been forecasted as a difficult year for power trading and production activities. Therefore, the Vietnam Electricity (EVN) has developed plans to ensure power supply for the whole year.

Power supply for the south will face difficulties in 2016

The EVN has drafted three plans to balance power supply and demand for 2016 which have been submitted to the Ministry of Industry and Trade.

According to Deputy Minister of Industry and Trade Hoang Quoc Vuong, total power output has met domestic demand. By the end of this year, this figure is expected to reach more than 164.1 billion kWh, an increase of 12.75 percent compared to 2014 and 3.1 billion kWh compared to the yearly plan approved by the Ministry of Industry and Trade.

Regarding the EVN’s report, around 3,893MW would be added to the national grid in 2016, including 2,081MW from hydropower and 1,380MW from thermal power.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said that the national grid would meet maximum capacity of power load in 2016 following the EVN’s report with annual minimum standby capacity of from 4,900MW to 5,500MW.

Monthly standby capacity in the north and the central remains huge, while the south has and will continue to face power shortages.

EVN Deputy General Director Ngo Son Hai said that power supply for the north and the central region in 2016 would be guaranteed. However, power supply for the south will face difficulties as power sources remain few and some hydroelectric reservoirs in the Central Highlands and the south may face a lack of water.

To stabilize power supply in 2016, the EVN is focusing on repairing and maintaining turbines in hydropower and thermal power plants and reserving water for hydroelectric reservoirs.

The EVN is also asking the Ministry of Industry and Trade to direct the Vietnam Oil and Gas Group to ensure gas supply for the southeastern region, shorten the time for repairs and maintenance of gas pipelines and guarantee stable operations of turbines in the Ca Mau 1 and 2, Nhon Trach 1 and 2 and Vung Ang 1 power plants.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said that the Ministry of Industry and Trade has directed the EVN to develop power supply plans and its operations since September 2015. These plans are expected to be approved by the end of November.

Lan Anh

ven.vn

See more news

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Da Nang greens textile-garment industry

13:00 | 17/03/2023 Energy

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

High cost of construction materials puts pressure on Việt Nam's construction industry

10:13 | 15/03/2023 Industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.

Thai Nguyen eases industrial cluster problems

15:00 | 10/03/2023 Industry promotion

(VEN) - Overlapping regulations and policies are among the challenges facing the northern province of Thai Nguyen in managing and developing industrial clusters (ICs).

Dak Lak seeks improved industrial policies

08:00 | 10/03/2023 Industry promotion

(VEN) - The Department of Industry and Trade of the Central Highlands province of Dak Lak has proposed amending and supplementing industrial cluster (IC) management and development regulations.

Vietnam eyes green hydrogen development

09:33 | 09/03/2023 Energy

(VEN) - On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.

Coffee industry needs sustainable development to target $6b in exports by 2030

07:00 | 08/03/2023 Industry

Việt Nam's coffee industry needs to solve many challenges to achieve sustainable development, targeting an export value of US$6 billion in 2030.

Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

15:09 | 07/03/2023 Energy

The “Diagnostic study on Net-Zero for the energy sector in Vietnam” will analyse emission reduction measures to achieve net-zero emissions.

Rise of February industrial production index

07:00 | 05/03/2023 Industry

(VEN) - According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.

Cashew industry moves to boost green production, consumption

08:00 | 03/03/2023 Industry

Although the cashew nut processing and exporting industry was warned of many difficulties in 2023, Vietnamese exporters still have many opportunities to boost exports if both businesses and farmers turn to green production, insiders have said.

Latest Most Read

Vietnam a potential market for shoppertainment: report

18:59 | 31/03/2023 Economy

Vietnam is one of the most potential markets in the Asia-Pacific region for shoppertainment - a trend that combines online shopping with entertainment, according to a report named “Shoppertainment: APAC’s Trillion-Dollar Opportunity” by the US-based Boston Consulting Group (BCG) and TikTok.

India, Vietnam promote business cooperation and investment in logistics sector

18:11 | 31/03/2023 Vietnam and other regions

The Consulate General of India in Ho Chi Minh City, in cooperation with Private Sector Development Office (known as Committee IV of Advisory Council of Administrative Procedures Reform of Prime Minister), Vietnam Ship Agents, Brokers and Maritime Services Providers Association (VISABA), and Vietnam Logistics Association (VLA) successfully organized the hybrid conference “India – Vietnam Investment and Business Promotion in Logistics sector” in Ho Chi Minh City.

Unilever Vietnam to promote positive and diverse beauty towards gender equality

15:04 | 31/03/2023 Companies

Unilever Vietnam and the Management and Sustainable Development Institute (MSD) organized "Positive and Diverse Beauty" at the Vietnamese Women's Museum. The event aimed to celebrate Women's Month and share perspectives to inspire and encourage women's self-esteem and confidence in their positive and diverse beauty. Thereby, women can overcome barriers and further develop.

Trade fair promotes consumption of farm produce for ethnic women in Thai Nguyen

06:18 | 31/03/2023 Domestic market

Thai Nguyen city held a trade fair on March 25-26 to introduce and promote the consumption of agricultural products produced by women in ethnic and mountainous areas in Thai Nguyen province.

Rice exports looking up

06:00 | 31/03/2023 Foreign trade

(VEN) - Favorable conditions are forecast for Vietnam’s 2023 rice exports due to short supply in the US, China and countries in Europe affected by climate change and drought. Moreover, India, one of the world’s largest rice exporters, has imposed a ban on broken rice exports and a 20-percent tax on white rice varieties.

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

Vietnam adopts high integration standards

06:00 | 25/03/2023 Companies

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Understanding UK trade remedies

06:00 | 17/03/2023 Vietnam and other regions

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade. However, increasing protectionism trends make it important for Vietnam and its business sector to understand UK regulations on trade remedies and dispute settlement.

Vietnam amends intellectual property law

06:00 | 24/03/2023 Vietnam and other regions

(VEN) - Vietnam’s newly amended Intellectual Property Law has gone into force, bringing the country in line with international best practices.

Multimedia

Video Longform Infographic Photo

Oscar dream

09:05 | 28/03/2023 Video

Witness the inspiring story of Vietnamese director Hà Lệ Diệm and her documentary 'Children of the Mist’. Despite facing several challenges, Diễm shot and edited the film in just four years with a borrowed camera and minimal training. Her incredible talent has earned her multiple prizes at international film festivals, and was even short-listed for the Oscars this year.

Vietnam remains world’s second-largest coffee exporter

08:55 | 28/03/2023 Infographic

Vietnam remained the second-largest coffee exporter in the world from February 2021 to January 2022, according to the International Coffee Organisation.

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.

Vietnam-Italy trade partnership

13:00 | 23/03/2023 Infographic

Two-way trade turnover between Vietnam and Italy has doubled since 2010. Vietnam is Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth largest trading partner in the EU.

exploring viet nam s fourth highest mountain peak bach moc luong tu

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử

06:00 | 29/03/2023 Tourism

The top of Bạch Mộc Lương Tử in Lào Cai Province, Việt Nam, is a popular spot for tourists to watch the sunset and take pictures of floating clouds.

Policy

E-visa stay period may be extended to 90 days

18:09 | 27/03/2023 Policy

The Ministry of Public Security has recently proposed that e-visa holders might be able to stay in Viet Nam for up to 90 days instead of the current 30 days.

New legal documents in first half of March 2023

06:00 | 23/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

Industry & Trade

HCM City to host international paper, coatings, rubber, and plastic expos

09:29 | 29/03/2023 Industry

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from June 14 to 16.

Bac Kan produce takes off

10:00 | 26/03/2023 Industry promotion

(VEN) - Efficient trade promotion has helped agricultural and unique products of the northern province of Bac Kan reach foreign markets, including the Czech Republic and Japan, among others.

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

Ocean dialogue dicusses offshore renewable energy potential

09:53 | 24/03/2023 Energy

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.

Investment

Vietnam's retail market proves attractive for foreign investors

09:21 | 29/03/2023 FDI

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.

Asian investors increasingly keen on Vietnam

13:00 | 26/03/2023 FDI

(VEN) - Vietnam is considered a promising destination for investment from Asia, as evidenced by the increasing operations of multinational corporations.

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

19:54 | 23/03/2023 Vietnam and other regions

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.

Vietnam attracts Czech investors

06:00 | 23/03/2023 FDI

(VEN) - A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.

Finance-Banking

Decree 08, a magic wand for corporate bonds?

06:00 | 30/03/2023 Finance-Banking

(VEN) - Economists believe the newly issued government decree on the private issuance of corporate bonds will have a positive impact on the corporate bond market.

Foreign investors expand consumer finance business in Vietnam

09:08 | 29/03/2023 Finance-Banking

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

Stock market violations to face stricter sanctions

07:10 | 26/03/2023 Stock Market

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

Vietnam to develop policies to adapt to global minimum tax

07:05 | 23/03/2023 Finance-Banking

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Environment

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

16:21 | 29/03/2023 Environment

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, will visit Berlin to give a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) and meet with senior leaders and ministers from across the world. During the BETD, Dr. Al Jaber will repeat his call for governments, the private sector and civil society to work together for swift and ambitious action to reduce global emissions and progress the energy transition.

Turning coffee grounds into energy

13:00 | 27/03/2023 Environment

(VEN) - Turning coffee grounds into biomass energy has helped the Nestlé Vietnam Co., Ltd save VND40-50 billion a year.

Vietnam saves 298,000 kWh during Earth Hour 2023

10:48 | 27/03/2023 Environment

With lights turned off for one hour starting 8:30 pm on March 25 in response to the 2023 Earth Hour campaign, Vietnam saved 298,000 kWh of electricity equivalent to about 555.6 million VND (23,617 USD), according to the Vietnam Electricity (EVN)’s National Load Dispatch Center.

The value of wood scraps for business

13:00 | 25/03/2023 Environment

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.

Science - Technology

Vietnam, US cultivate sci-tech, innovation cooperation

06:00 | 30/03/2023 Science - Technology

Vietnamese Deputy Minister of Science and Technology Bui The Duy held a working session in Hanoi on March 23 with a business delegation of the US-ASEAN Business Council (USABC) led by the council's President and CEO Ted Osius who were on a working visit to Vietnam from March 21-23.

A321neo: Breakthrough technology saves fuel consumption up to 20%

15:37 | 29/03/2023 Science - Technology

A321neo: Breakthrough technology saves fuel consumption up to 20%

AI to fuel development of modern agriculture workshop

10:19 | 28/03/2023 Science - Technology

Artificial intelligence (AI) has an important role to play in the development of modern and sustainable agriculture as it will help with farm automation and optimisation, from weather forecasting, plant and livestock health monitoring to product quality improvement, heard a workshop in Hanoi on March 23.

Vietnam, Thailand beef up sci-tech, educational collaboration

06:00 | 25/03/2023 Science - Technology

Thailand will further promote sci-tech and education cooperation with Vietnam, including a plan to teach Vietnamese at some local universities, affirmed Minister of Higher Education, Science, Research and Innovation (MHESI) Anek Laothamatas in a working session with Vietnamese Ambassador Phan Chi Thanh in Bangkok on March 20.

2016 power plans focus on the south

See also

See more news

Multimedia