Hanoi (VNA) - Vietnam’s electricity transmission output hit more than 203.8 billion kWh in 2020, fulfilling the plan set by Electricity of Vietnam (EVN) and representing a year-on-year increase of 2 percent, according to General Director of the Electricity of Vietnam National Power Transmission Corporation (EVNNPT) Pham Le Phu. The company worked hard to safely operate the power transmission system without interruption, contributing to ensuring sufficient supply for the country’s socio-economic development, Phu told a recent conference to review the EVNNPT’s performance in 2020 and set out tasks for 2021. It transmitted 910.5 billion kWh of electricity in the 2016-2020 period, Phu said, with yearly average growth standing at 9.7 percent. He also touched on the difficulties facing the corporation in cutting power loss last year, saying that the loss in the transmission grid stood at 2.23 percent, up 0.08 percent compared to 2019. Addressing the … [Read more...] about Power transmission output up 2 percent in 2020
Chubu electric power
Financially speaking, the huge penetration of solar rooftop systems into the power mix could enable the increase of the average distribution selling price set by EVN that is VND1,864.44 per kWh excluding VAT, according to Decision No.648/QD-BCT dated March 2019 on adjusting average retail price of electricity and regulating price of electricity. The price was set before the original FiT deadline in 2019. … [Read more...] about Booming solar power: signal for worry or delight?
As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20
The fund will reduce its ownership at residential property firm Vinhomes (VHM), aviation firm Vietjet (VJC), consumer staples firm Masan (MSN), PetroVietnam Power (POW), sugar company Thanh Thanh Cong-Bien Hoa JSC (SBT), and electrical firm Gelex (GEX). … [Read more...] about Vietnamese stocks to struggle with increased caution
Steelmaker HPG rose 0.2% to VND41,700 and was the most actively traded stock in the group of large-cap stocks, with 37.9 million shares changing hands. Bank stocks STB and TCB also had good liquidity, with 34.4 million and 25.77 million shares transacted, respectively. … [Read more...] about VN-Index recovers slightly after steep fall