Ministry reviews draft National Power Development Plan VIII
The Ministry of Industry and Trade has proposed six key contents of the draft National Power Development Plan for the 2021 - 2030 period with a vision to 2045 (PDP VIII) for comments from the Government.
Hanoi (VNA) –🐼 The Ministry of Industry and Trade has proposed six key contents of the draft National Power Development Plan for the 2021 - 2030 period with a vision to 2045 (PDP VIII) for comments from the Government.
The contents include reviewing projects on coal- and gas-fueled power and solar power. They also include electricity-related targets in Resolution 55-NQ/TW on strategic orientations for Vietnam's national energy development to 2030, with a vision to 2045.
Also up for review is a mechanism for transitional wind and solar power projects; and a decision on piloting the mechanism of direct electricity purchase and sale between renewable energy generators and large electricity users.
Illustrative photo (Source: EVN)
Notably, on the structure of power generation sources by 2030, the ministry has proposed the total capacity of power plants to be about 120,995 – 148,358 MW (excluding rooftop solar power and co-generation sources).
Of the sum, hydropower is set to account for 19.5-22.1%, coal-fueled power 25.3-31%, and gas-fired power 24.7-26.3%. The proportions for renewable energy and imported electricity are 17.9-23.9%, and 3.3-3.4%, respectively.
On May 9 this year, the draft was posted on the web portals of the Government and the Ministry to collect feedback on the contents./.
A total of 106 wind power plants nationwide with a combined capacity of more than 5,655 MW have registered to conduct commercial operations and join the national grid, according to Vietnam Electricity (EVN).
Power generation output and import in 2022 is forecast to hit 275.5 billion kWh, up 7.9 percent year-on-year, Vice Director of the National Load Dispatch Centre (NLDC) Nguyen Quoc Trung reported at a conference on January 10.
French electricity companies are willing to facilitate Vietnam’s energy transition by working with their counterparts in the country, a conference has heard in Ho Chi Minh City.
Vietnam hopes 100% of new buses will use electricity or green energy from 2025, which is part of the transport sector’s action plan on green energy transition to reduce carbon and methane emissions.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.