Given its natural potential, robust government support and aspirations for the sector, Vietnam may become a solar power investment hotspot soon.
Vietnam has to import 1-4 billion cubic meters of liquefied natural gas a year in 2021-25 to meet the growing power demand.
VOV.VN - Vinh Tan 4 extension power project is estimated to provide 3.6 billion kWh per year to the national grid, therefore helping to tackle electricity shortages and meeting escalating power demand in the central province of Binh Thuan and southern localities.
Prime Minister Nguyen Tan Dung pressed the button to commence the Block B-O Mon gas project launched by the Vietnam National Oil and Gas Group (PetroVietnam) in the southern province of Kien Giang on April 3.
The Ministry of Industry and Trade (MoIT) has projected that the country’s total power demand in the peak dry month of April would increase nearly 12 percent over the same period last year, exceeding 11 billion kWh.