Vietnam leads ASEAN in installed power capacity in 2021
Vietnam’s total installed power capacity totalled 76,620 MW in 2021, 7,500 MW higher than the previous year, and the highest among ASEAN member states, said CEO of the Vietnam Electricity (EVN) Tran Dinh Nhan at the company’s year-end meeting on January 14.
An offshore wind power project in the Mekong Delta province of Bac Lieu. (Photo: VNA)
Hanoi (VNA) – Vietnam’s total installed powercapacity totalled 76,620 MW in 2021, 7,500 MW higher than the previous year, and the highest among ASEAN member states, said CEO of the Vietnam Electricity(EVN) Tran Dinh Nhan at the company’s year-end meeting on January 14.
The installed capacity of the renewables hit 20,670 MW, up3,420 MW year-on-year and accounting for 27 percent of total. The EVN’s total power output, comprising generation and imports, rose by 3.9 percent year-on-year to 256.7 billion kWh.
The share of renewable power is increasing, with generatingcapacity reaching up to 60 percent of the load capacity at times, causingoverloads on inter-regional transmission lines and several locations, Nhansaid.
This year, the State-owned corporation plans to accelerate licencegranting and budget allocation of five key power generation projects, namelyTri An Hydropower Plant Expansion, and thermal power projects Dung Quat I& III, O Mon III, and Quang Trach II. It will also focus on expanding HoaBinh and Ialy hydropower plants and Quang Trach I Thermal-power Plant./.
A signing ceremony for the bidding contract No.3 in the form of engineering, procurement and construction (EPC) for Phuoc Thai 2 and Phuoc Thai 3 solar power plants took place in Hanoi on December 22.
Vietnam Electricity (EVN) and Singapore’s Sembcorp Industries signed a Memorandum of Understanding on electricity cooperation via videoconference on December 27.
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.
Indonesia’s Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has called on Japan to invest in building hydropower plants in a green industrial area in North Kalimantan, Antara News Agency reported.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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.
An offshore wind power project in the Mekong Delta province of Bac Lieu. (Photo: VNA)
