Phu Quy Island’s economy empowered by reliable power supply
![]() |
The Southern Power Corporation under the Vietnam Electricity (EVN SPC) has completed a project on development and modernization of Phu Quy Island’s power grid to meet the increasing demand for electricity and ensure steady and safe supply for the island’s population of 27,000.
The project included the expansion of a diesel-fueled power source on the island with additional capacity of 5MW, and upgrading and expansion of the low- and medium-voltage power grid by installing a 29.387km medium-voltage power line, a 18.865km low-voltage power line, and transformer stations with total capacity of 5,620kVA. The project cost about VND270 billion.
According to EVN SPC, Phu Quy Island has been powered 24 hours a day since 2014 at the same tariffs as on the mainland. Pham Van Thanh, director of the Phu Quy Island Power Company, said power is now available to all households on the island, contributing to improving residents’ living conditions.
With round-the-clock power, the island’s maritime economy has been thriving. Many households have invested in ice-making machines and oxygen concentrators to improve the preservation of seafood on fishing vessels offshore, while business households have expanded their processing facilities.
Tourism has developed as well. Residents have invested in modern high-speed boats to take tourists to the island, cutting travel time from 7-8 hours to less than three. Households have also built motels, hotels and restaurants to serve domestic and foreign tourists. New tourist models have appeared, such as homestays, discovery tours and coral diving.
So far, Phu Quy Island has 25 motels and hotels, and dozens of guesthouses and homestay facilities. In 2018, the island welcomed nearly 20,000 domestic and foreign visitors.
The steady and safe power supply plays an important role in the development of the island, gradually eliminating the gap between the island and the mainland.
Phu Quy Island currently plans to meet the new rural area criteria, gradually becoming a center of fishing logistics services, ship repair and rescue in the region by 2020, and a key tourist area of Binh Thuan Province by 2025.
See also

HCM City to host international paper, coatings, rubber, and plastic expos
09:29 | 29/03/2023 Industry

Bac Kan produce takes off
10:00 | 26/03/2023 Industry promotion

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

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off
16:41 | 22/03/2023 Support industries

Offshore wind energy an essential base load power source: official
14:30 | 20/03/2023 Energy
See more news

Uncorking bottlenecks for support industry development
06:00 | 18/03/2023 Industry

Da Nang greens textile-garment industry
13:00 | 17/03/2023 Energy

High cost of construction materials puts pressure on Việt Nam's construction industry
10:13 | 15/03/2023 Industry

Thai Nguyen eases industrial cluster problems
15:00 | 10/03/2023 Industry promotion

Dak Lak seeks improved industrial policies
08:00 | 10/03/2023 Industry promotion

Vietnam eyes green hydrogen development
09:33 | 09/03/2023 Energy

Coffee industry needs sustainable development to target $6b in exports by 2030
07:00 | 08/03/2023 Industry

Diagnostic study on Net-Zero for energy sector in Vietnam kicked off
15:09 | 07/03/2023 Energy

Rise of February industrial production index
07:00 | 05/03/2023 Industry

Cashew industry moves to boost green production, consumption
08:00 | 03/03/2023 Industry




Central bank to cut refinance rate in next quarter: UOB
06:12 | 02/04/2023 Finance-Banking

Intellectuals form important force for social development: Party leader
06:00 | 02/04/2023 Science - Technology

Thai Nguyen wants to be everyone’s cup of tea
06:00 | 02/04/2023 Province

Investment surges in Bac Ninh Province
13:00 | 01/04/2023 FDI

Vietnam wins 17 prizes at International Robothon 2023
06:00 | 01/04/2023 Science - Technology
Multimedia

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace
06:00 | 01/04/2023 Culture

National Tourism Year 2023 kicks off in Bình Thuận
06:00 | 01/04/2023 Tourism

Oscar dream
09:05 | 28/03/2023 Video

Vietnam remains world’s second-largest coffee exporter
08:55 | 28/03/2023 Infographic

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia
07:00 | 25/03/2023 Infographic

Vietnam objects to Taiwan’s live-fire drills in Ba Binh
19:10 | 31/03/2023 Policy

E-visa stay period may be extended to 90 days
18:09 | 27/03/2023 Policy

New legal documents in first half of March 2023
06:00 | 23/03/2023 Policy

Animal feed industry asks for import tax reduction on raw materials
09:55 | 20/03/2023 Policy

HCM City to host international paper, coatings, rubber, and plastic expos
09:29 | 29/03/2023 Industry

Bac Kan produce takes off
10:00 | 26/03/2023 Industry promotion

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

Investment surges in Bac Ninh Province
13:00 | 01/04/2023 FDI

Vietnam's retail market proves attractive for foreign investors
09:21 | 29/03/2023 FDI

Asian investors increasingly keen on Vietnam
13:00 | 26/03/2023 FDI

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors
19:54 | 23/03/2023 Vietnam and other regions

Central bank to cut refinance rate in next quarter: UOB
06:12 | 02/04/2023 Finance-Banking

Decree 08, a magic wand for corporate bonds?
06:00 | 30/03/2023 Finance-Banking

Foreign investors expand consumer finance business in Vietnam
09:08 | 29/03/2023 Finance-Banking

Stock market violations to face stricter sanctions
07:10 | 26/03/2023 Stock Market

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference
16:21 | 29/03/2023 Environment

Turning coffee grounds into energy
13:00 | 27/03/2023 Environment

Vietnam saves 298,000 kWh during Earth Hour 2023
10:48 | 27/03/2023 Environment

The value of wood scraps for business
13:00 | 25/03/2023 Environment

Intellectuals form important force for social development: Party leader
06:00 | 02/04/2023 Science - Technology

Vietnam wins 17 prizes at International Robothon 2023
06:00 | 01/04/2023 Science - Technology

Vietnam, US cultivate sci-tech, innovation cooperation
06:00 | 30/03/2023 Science - Technology

A321neo: Breakthrough technology saves fuel consumption up to 20%
15:37 | 29/03/2023 Science - Technology

Thai Nguyen wants to be everyone’s cup of tea
06:00 | 02/04/2023 Province

Scholarship opportunity at New Zealand Education Fairs 2023
15:42 | 29/03/2023 Society

Coastal communities to fight illegal fishing with own surveillance forces
07:00 | 29/03/2023 Society

Enhancing Hanoi-Singapore business connections
06:00 | 28/03/2023 Metropolis

Viettel’s Cambodia affiliate signs strategic cooperation agreement with local group
09:02 | 30/03/2023 Vietnamese Brands

Hundreds of high-quality goods honored
06:00 | 27/03/2023 Vietnamese Brands

Vietnam adopts high integration standards
06:00 | 25/03/2023 Companies

Bac Giang promotes consumption of OCOP products associated with tourism
10:02 | 24/03/2023 Vietnamese Brands

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace
06:00 | 01/04/2023 Culture

Reel in the flavours of Việt Nam with braised pickled carp
06:00 | 29/03/2023 Lifestyle

Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House
06:00 | 27/03/2023 Lifestyle

Let’s go fly a kite
06:00 | 26/03/2023 Lifestyle

Vietnam welcomes back Chinese tourists
06:00 | 01/04/2023 Tourism

National Tourism Year 2023 kicks off in Bình Thuận
06:00 | 01/04/2023 Tourism

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử
06:00 | 29/03/2023 Tourism

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days
06:00 | 27/03/2023 Tourism