Power sector under strain as Vietnam targets 8% economic growth

VOV.VN - The Vietnamese Government has set an 8% growth target for 2025 and aims for double-digit growth in the following years, which presents huge challenges for the power sector.

This information was shared at a seminar on ensuring power supply during the hot season – challenges and solutions, organized by the Vietnam Electricity Group (EVN) and Tien Phong (Vanguard) Newspaper on April 21 in Ho Chi Minh City.

The seminar was attended by central and local management agencies, experts, scientists, power industry representatives, and customers who are electricity users.

At the seminar, Nguyen The Huu, Deputy Director of the Department of Electricity under Ministry of Industry and Trade, stated that providing electricity to meet the 8% economic growth target, ensuring people's living conditions, and supporting major political, diplomatic, and cultural events in 2025, all in the face of increasingly unfavorable weather conditions, presents major challenges for the power sector.

However, from the beginning of the year, the Ministry of Industry and Trade has directed the electricity sector to implement effective power supply solutions, while promoting safe, energy-saving, and efficient electricity use during the hot season.

The Minister of Industry and Trade has approved plans for power supply in 2025 and the peak dry season months. According to these plans, the power load is forecast to grow by up to 12.2% in 2025, with an expected output of over 347.5 billion kWh, and the national peak capacity is projected to reach 54,510 MW.

Recently, the entire country, especially the northern and southern regions, has been experiencing a severe heatwave, with temperatures in many areas reaching 38°C. This has led to a sharp rise in electricity demand, particularly for residential use and cooling.

Vo Quang Lam acknowledged that this is a significant pressure on the national electricity system, from power generation, transmission, to distribution. The power sector is proactively implementing solutions to meet electricity demand, with a strong emphasis on electricity-saving measures.

He explained that the reason for saving electricity is to increase the competitiveness of the economy. To achieve this, electricity consumption intensity in Vietnam needs to decrease considerably compared to current levels, as Vietnam’s electricity consumption is much higher than many other countries.

This need becomes even more urgent in the context of the green transition and the development of a circular economy, making it critical for both the public and businesses to live more sustainably and responsibly toward the environment.

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Power sector seeking ways to grow further

Vietnam is striving for a commercial electricity output of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15 billion kWh and nearly 230 billion kWh compared with those in the adjusted Power Planning VII.

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