EVN

Update news EVN

SOEs urged to withdraw from real estate projects

VietNamNet Bridge - State-owned enterprises (SOEs) should disinvest from real estate projects if their products are located in central areas and have high value, the HCM City People’s Committee has said.

EVN still wants to buy electricity from China this year

VietNamNet Bridge - The contract to buy electricity from China is scheduled to terminate this year. However, EVN thinks it would be better to continue importing electricity from many different sources.

EVN attempts to retain monopoly in electricity market

VietNamNet Bridge - International consultants have said that Electricity of Vietnam (EVN) should no longer be the only electricity wholesale buyer by 2019. However, EVN wants to extend the deadline.

EVN disagrees with World Bank on Vietnam’s electricity-access index

Figures about electricity access cited by Electricity of Vietnam (EVN) and the World Bank (WB) show different pictures. According to WB’s Doing Business 2014 report, Vietnam’s electricity-access index ranks 135th out of 189 surveyed countries.

VN businesses brace for new hike in electricity prices

VietNamNet Bridge - The 7.5 percent price increase in electricity prices, starting from March 16, will cost small businesses hundreds of millions of dong and big businesses billions of dong a month.

Businesses anxious about higher petrol, electricity prices

VietNamNet Bridge – The recent moves taken by state-owned corporations and management agencies signal inevitable increases in petrol and electricity prices.

U.S. firm explores more power projects

 VietNamNet Bridge – AES Corporation of the United States is mulling plans to get involved in more power projects in Vietnam following its investment in the Mong Duong 2 power station,

Would a power tariff hike help EVN?

 VietNamNet Bridge – Viet Nam Energy Association chairman Tran Viet Ngai told Nong Thon Ngay Nay (Countryside Today) his concerns about surging electricity tariffs and the power sector's solvency.

EVN seeks shocking price hike

By Hieu Minh The Ministry of Trade and Industry has given the go ahead for yet more increases in electricity prices following a plea from the state-owned  Electricity of Vietnam.

EVN could go bankrupt if it cannot raise electricity prices, ministry says

The Ministry of Industry and Trade (MOIT) has voiced its support for Electricity of Vietnam’s (EVN) plan to raise retail electricity prices, saying that it would go bankrupt if not allowed to do so.

EVN, electricity prices and income per capita

The electricity price in the country is scheduled to increase by 9.5 percent after Tet (February 2015) to VND1,652.19 per kwh, leaving questions about whether the price is appropriate.  

Local economy to remain unscathed by oil price plunge

VietNamNet Bridge – Minister of Planning and Investment Bui Quang Vinh has said tumbling global oil prices will leave no serious impact on Vietnam’s economic growth and State budget collections this year.

Huge sum invested in power transmission projects in 2015

 The Electricity of Vietnam National Power Transmission Corporation (EVNNPT) plans to spend a record 19.51 trillion VND (929 million USD) on transmission projects in 2015 so as to ensure power supply for the south.

BUSINESS IN BRIEF 15/1

Ministry aims for SOEs equitisation completion in 2015; EVN commits to meeting increased demand in 2015; Vietsovpetro targets 5.1 million tonnes of crude oil in 2015; Ministry of Transport, Bechtel to cooperate on Ca Mau port

EVN reports loss of $789.6 million in 2014

 Electricity of Viet Nam (EVN) reported a significant loss of VND16.8 trillion (US$789.6 million) in 2014, despite their increasing retail electricity tariffs, said Pham Le Thanh, EVN's general director.

Top 10 outstanding events of Vietnam’s atomic energy sector in 2014

VietNamNet Bridge – 2014 witnessed many outstanding activities in the atomic energy sector, carried out by Vietnam both domestically and overseas.

Power shortfalls still remain a concern

 VietNamNet Bridge – Vietnamese Deputy Prime Minister Hoang Trung Hai spoke to VIR’s Thanh Huong about the main challenges facing the nation’s power sector in the coming years.

EVN plans to increase power prices

 The Electricity of Viet Nam (EVN) has proposed to increase the power price by an average 9.5 per cent from this month.

BUSINESS IN BRIEF 7/12

 US investment at US$248 million in 11 months; Japanese bank helps facilitate investment in Vietnam; Vinacomin sets new record in pit excavation; Phu Yen licenses luxurious tourism project; 80% investment in real estate projects come from banks

EVN divests from non-core businesses

 VietNamNet Bridge – The Electricity of Viet Nam will auction 62.5 million shares of EVN Finance Joint Stock Company, or 25 per cent of its stakes, on the Ha Noi Stock Exchange next month,