Electricity of Vietnam (EVN) has signed a loan agreement worth EUR65 million (US$75.5 million) with the German Reconstruction Bank (KfW) for the Tri An hydropower plant expansion project, the group has announced.
The Government on April 23 issued Resolution No. 106/NQ-CP that details the roadmap for implementing the North – South high-speed railway project, requesting all necessary conditions be completed to commence construction no later than December 31, 2026.
Vietnam Electricity (EVN) has proposed a regional electricity price framework for offshore wind power projects, with the highest suggested rate in the northern region reaching VND3,975.1 per kWh, equivalent to approximately US$0.15.
The Monsoon – Thanh My 500kV transmission line project's section in the Vietnamese territory was successfully energised on January 23 evening, according to the Vietnam Electricity (EVN)’s Power Project Management Board 2 (EVNPMB2).
The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.
Efforts have been made to finish the 220kV Nam Sum – Nong Cong transmission line project in October to facilitate electricity imports from Laos to Vietnam to meet the rising demand in northern provinces.
Vietnam Electricity (EVN) on September 11 announced that it has resumed electricity supply to more than 4.8 million customers out of over 5.9 million clients who have suffered from power outage due to Typhoon Yagi.
Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of VND26.77 trillion (US$1.053 billion) on high electricity production costs, according to its audited financial report.
Fitch Ratings has upgraded the Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating to 'BB+' with a stable outlook.
Vietnam will issue a price framework to purchase electricity from Laos for the period after 2025 in the second quarter of this year, said Minister of Trade and Industry Nguyen Hong Dien.