Vietnam needs US$133 billion to US$135 billion for electricity generation and transmission projects until 2030, according to the Ministry of Industry and Trade.

Vietnam will spend an estimated VND270 trillion (US$11.4 billion) by 2030 to enhance its petroleum and gas reserves and strengthen its supply infrastructure.

Northerners sighed with relief after hearing that the water level in hydropower reservoirs had increased and the electricity shortage had been solved. But they were warned that the problem won’t be truly settled for at least two more years.

President Vo Van Thuong has confirmed that a comprehensive inspection of the electricity sector will be conducted with utmost seriousness.