Vietnam has invested in upgrading its electricity transmission lines in preparation for importing power from Laos, according to the National Power Transmission Corporation (EVN NPT).
Workers check electrical equipment at transformer station 500kV Pleiku in Central Highlands. (Source: VNA)
Hanoi (VNA)⛦ - Vietnam has invested in upgrading its electricity transmission lines in preparation for importing power from Laos, according to the National Power Transmission Corporation (EVN NPT).
Importing electricity from neighbouring countries, including Laos, is one of several measures being adopted to help Vietnam meet the electricity demand for socio-economic development.
Chairman of the Corporation Dang Phan Tuong said the Central Highlands region would receive hydroelectricity imported from the Xekaman 1 hydropower plant in the south of Laos in 2016.
The southern region of Laos will have four more hydropower plants in 2017, including Xekaman 4, Xekaman Sanxay, Sekong 3 and Sekong 3 Ha. Electricity from Xekaman 4 will be transmitted to Vietnam through the 220kV Xekaman 3-Thach My transmission line, while electricity from the remaining plants will be transmitted to the Central Highlands region.
As a result, investment in the power transmission system between Vietnam and Laos was essential, contributing to ensuring sustainable energy development, he said.
The EVN NPT has developed some power transmission projects to receive and transmit electricity from these hydropower plants in Laos to the Central Highlands region.
These projects are expected to help partially address the urgent requirement for electricity plants for the period ending in 2020 and have all been approved by the Prime Minister. They include the 200kV Xekaman 1-Pleiku 2 transmission line starting at the border between Vietnam and Laos and reaching the 500kV Pleiku 2 power station, crossing the Kon Tum and Gia Lai provinces.
Construction of the project kicked off last August and is expected to be completed in March, with a total investment capital of more than 966 billion VND (45 million USD).
Meanwhile, construction of the 500kV Pleiku 2 power station started in December 2014 and is expected to be completed in March, with total investment capital of nearly 1.27 trillion VND (56 million USD). The station is designed to receive electricity from Laos, increase the efficiency of the 500kV Pleiku-My Phuoc-Cau Bong power line and ensure the reliable operation of the North-Central-South 500kV transmission system.-VNA
The Electricity of Vietnam (EVN) Group is continuing its efforts to upgrade and develop the national power grid in rural areas in order to connect all communities by 2020.
A ceremony was held on January 16 in Quang Ninh province to celebrate the commercial operation of the 1,080 MW Mong Duong 1 thermo power plant, in the presence of Deputy PM Hoang Trung Hai.
The National Power Transmission Corporation under Electricity of Vietnam mobilised about 1.3 billion USD in Official Development Assistance (ODA) for its transmission projects from 2011 to 2015.
The Electricity of Vietnam (EVN) group said it has completed investment preparation for a series of rural power supply projects, to commence in the 2015-2020 period.
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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
Workers check electrical equipment at transformer station 500kV Pleiku in Central Highlands. (Source: VNA)
