MoIT conference discusses securing power supply for double-digit economic growth
VOV.VN - The Ministry of Industry and Trade (MoIT) held a hybrid conference on November 7 in Hanoi, chaired by Minister Le Manh Hung, to devise power system operation plans and ensure power supply security for 2027-2028.
The event was connected directly with 34 provinces and municipal People's Committees.
Representatives from the Government Office, the Ministry of Finance, the Ministry of Agriculture and Environment, the National Power System and Electricity Market Operation Co., Ltd. (NSMO), and key state energy corporations attended the meeting.
According to the Ministry, the national power grid overcame major operational challenges to maintain stable supply in 2026. This year’s total generated and imported electricity is estimated at 356.2 billion kWh, up 10.3% from 2025, with peak load surpassing 57,500 MW.
Commercial electricity consumption rose 9.84% during the ten-month period, nearly matching national GDP growth. Fourth-quarter electricity demand is projected to increase by 13% nationwide, with the northern region rising 14% and several northern and north-central localities approaching 20%.
However, major challenges lie ahead for 2027-2028. Electricity demand is forecast to grow by another 10% on top of 2026's high base, while several major base-load power sources cannot yet be brought online. Hydrological conditions face risks from El Niño expected to last through June 2027, alongside global geopolitical volatility and supply chain disruptions affecting imported coal and liquefied natural gas (LNG).
In response, the Ministry has directed a shift from reactive measures to proactive risk management. Minister Le Manh Hung ordered strict three-level monitoring of key power generation and transmission projects: master portfolio management, regional coordination, and individual project milestones.
The energy sector is taking comprehensive operational measures, such as filling hydropower reservoirs, securing adequate coal, gas, oil, and LNG supplies, particularly for the Nam Con Son gas basin, and deploying peak-capacity solutions including battery energy storage systems (BESS), rooftop solar, and demand response. The sector aims to reduce peak load in northern Vietnam by at least 3,000 MW in 2027 through demand-side management and energy conservation.
NSMO General Director Nguyen Duc Ninh reported that the company has prepared more than 12 operational scenarios. NSMO is coordinating with the Ministry of Agriculture and Environment to optimize water regulation for downstream agriculture and hydropower, balance environmental compliance for coal-fired plants, sequence generator maintenance schedules, and secure transmission lines for power imports from China and Laos.
With early preparation and cross-sectoral coordination, Vietnam's power sector is poised to guarantee safe, stable, and cost-effective electricity supply, thereby providing a solid energy foundation for high economic growth in 2027 and subsequent years.
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