Sunday, May 18, 2025 2:05:48 PM - Markets open
VN-INDEX 1,301.39 -11.81/-0.90%
HNX-INDEX 218.69 -0.59/-0.27%
UPCOM-INDEX 95.50 -0.04/-0.04%
Proposal to significantly increase electricity imports from China and Laos
vietnamnews - 2/24/2025 2:47:04 PM
 (0 ratings. You must sign in to rate.)
While domestic power sources—hydropower, gas power, solar and wind—remain the backbone of the country’s energy strategy, imported electricity serves as a crucial supplement to meet surging demand.
 
 
Construction of the Xekaman 1 Hydropower Plant in Laos. VNA/VNS Photo Phạm Kiên
 
The Ministry of Industry and Trade (MoIT) has proposed a significant increase in electricity imports from China and Laos, expanding them up to five times compared with the current power development plan.
 
According to the latest adjustments to Power Development Plan VIII, Vietnam aims to import 3,700 MW from China by 2030, an increase of 3,000 MW over the previous plan. The Southeast Asian country has also been negotiating with China’s power suppliers to increase annual electricity purchases to 19 billion kWh from 2027-2028 via a 500 kV transmission line.
 
Similarly, electricity imports from Laos are projected to reach 6,800 MW by 2030, up from 4,300 MW in the original plan. Vietnam currently imports around 1,000 MW from Laos through 220 kV transmission lines, with a bilateral agreement allowing for a potential increase to 5,000-8,000 MW by 2030.
 
The push for higher electricity imports aligns with Vietnam’s long-term economic strategy. The government aims for sustainable double-digit economic growth, targeting high-income country status by 2045. To support this, annual electricity demand is expected to rise by 12-14 per cent.
 
A projection by the MoIT estimates that Vietnam’s total installed power capacity must reach 210,000 MW by 2030 and 840,000 MW by 2050, exceeding current development by 35 per cent and 50 per cent, respectively. While domestic power sources—hydropower, gas power, solar and wind—remain the backbone of the country’s energy strategy, imported electricity serves as a crucial supplement to meet surging demand.
 
To ensure long-term energy security, Vietnam is also accelerating domestic power development. Compared with the existing plan, the country will expand its solar capacity by 30,000 MW, small hydropower by 5,700 MW, onshore wind power by 6,000 MW, and invest 12,500 MW in energy storage solutions.
 
By strategically combining domestic energy production expansion with increased imports from China and Laos, Vietnam aims to secure a stable power supply while maintaining economic momentum. The MoIT said the hybrid approach will help stabilise electricity prices, avoid power shortages, and support long-term industrial growth.
 
Last year, Vietnam approved a policy of importing electricity from a series of energy projects in Laos, with a total planned capacity of 2,939 MW. To date, purchase agreements for 2,239 MW—accounting for 74.3 per cent of the committed capacity by 2025—have been signed, with both governments in support of the cooperation, which is said to strengthen regional energy connectivity and ensure a stable power supply in the region.
 
In an earlier development, the MoIT approved an electricity import pricing framework from Laos for the period after 2025 until 2030. This serves as the legal basis for implementing power purchase agreements between the two countries. VNS
 
Read original article here
 
Newer News
16/05 Việt Nam’s plan to cut US car tariffs faces limited short-term impact
16/05 Việt Nam’s auto market gains momentum in early 2025
13/05 2025 FTA negotiation plan to be submitted in May
09/05 Fuel prices cut again
09/05 Việt Nam’s economy needs restructuring amid US tariff shifts
08/05 Việt Nam's trade surplus shrinks nearly 60% in first four months of 2025
08/05 Unleashing the power of pioneer enterprises to reshape Việt Nam’s economy
08/05 Vietnamese corporations to advance trade deals with US partners
06/05 Petrol prices decline in latest update
06/05 Việt Nam's manufacturing PMI declines amid tariff announcements
Older News
24/02 Vietnam needs to be self-sufficient in battery production: experts
24/02 Vietnam imposes temporary anti-dumping duties on China's HRC steel
24/02 Vietnam - key agricultural trade partner of Argentina: newspaper
21/02 Vietnam enjoys competitive construction costs to develop data centres
21/02 Web threats in Vietnam decline for fourth consecutive year
21/02 Ha Noi metro partners to advance all-electric public transport
21/02 H&M plans $1 billion investment to turn Bình Định into a circular textile hub
21/02 MoIT issues a legal support plan for SMEs in 2025
21/02 Businesses in finance industry promote application of AI in operations
20/02 Da Nang to develop $242 million Hoa Ninh Industrial Park
 
Newsletter Signup
Top Stories
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Stock market starts off May on a positive note as key stocks gain post-holiday
Việt Nam to launch KRX trading system on May 5
Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs
Market Update
Last updated at 3:10:00 PM
VN-INDEX 1,301.39 -11.81/-0.90%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.