Capacity of coal-fired power plants to drop in 2025
The capacity of coal-fired power plants in Vietnam will be reduced to 8,760 MW in 2025 and 6,340 in 2030 due to the sluggish implementation of several projects and the disagreement of some localities in coal-fired power plant development.
A corner of Vinh Tan thermal power plant (Photo: VNA)
Hanoi (VNA) – The capacity ofcoal-fired power plants in Vietnam will be reduced to 8,760 MW in 2025 and6,340 in 2030 due to the sluggish implementation of several projects and thedisagreement of some localities in coal-fired power plant development.
In 2020, the production of coal-fueled electricitywill make up about 33.2 percent of the total, gas-fueled thermal electricity14.8 percent, hydropower 30.1 percent, and small hydropower and renewableenergy 20.3 percent.
By 2025, these figures will be respectively 37.1percent, 13.7 percent, 18.2 percent, and 25.5 percent.
The total output of solar and wind power in 2020and 2025 will be 12 billion kWh and 36 billion kWh, respectively./.
A long-term plan for renewable energy sources such as solar and wind must be devised for Vietnam to realise its goal of connecting the entire country to the national grid, experts have said.
The Vinh Tan 4 thermal power plant, an urgent project helping to ease the electricity shortage in the southern region, was officially inaugurated in the south central province of Binh Thuan on September 21.
Deputy Prime Minister Trinh Dinh Dung on February 11 received a group of investors from the US and the Republic of Korea who are interested in liquefied natural gas (LNG) power development in Vietnam.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.