The Vietnam Electricity Northern Power Corporation (EVNNPC) has been recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a Stable Outlook by Fitch Ratings.

Construction of a wind power project started in Nguyen Huan commune, Dam Doi district, the southern province of Ca Mau on January 16.

Deputy Prime Minister Trinh Dinh Dung on January 12 lauded the Vietnam Electricity (EVN) for its efforts in ensuring electricity supply for socio-economic development, as well as daily activities.

Construction of the expanded Hoa Binh hydropower plant began in the northern mountainous province of Hoa Binh on January 10, with Prime Minister Nguyen Xuan Phuc attending the ground-breaking ceremony.

The Vietnam Electricity Group (EVN) is planning to have all equipment on transmission lines and 80% of 110 kV circuit facilities digitalised from now to 2022.

The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises (SOEs) to make them spearheads in key industries of the economy.

The Vietnam Electricity (EVN) is eyeing the operation of a competitive retail electricity market in 2021 following its official run of a competitive wholesale market since 2019.

Vietnam Electricity (EVN) on December 6 signed various Memoranda of Understanding (MoU) with investors of power projects in Laos to develop and purchase electricity from the neighbouring country in the time ahead.

Vietnam Electricity (EVN) planned to put two turbines of Thuong Kon Tum hydropower plant and Se San 4 solar power plant into operation by the year-end.

The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.