Electricity

At the Government Headquarters, Prime Minister Pham Minh Chinh recently received Mr. Peng Gangping, Chairman of the Board of Directors of China Huadian Science and Technology Group Co., Ltd. (China Huadian Group).

On May 14, 2025, in Hanoi, the CEOs of EVN and TNB held a working session to discuss strategic energy cooperation. In a meeting with Mr. Nguyễn Anh Tuấn, President and CEO of Vietnam Electricity (EVN), Datuk Ir. Megat Jalaluddin Megat Hassan, President and CEO of Tenaga Nasional Berhad (TNB) of Malaysia, proposed a strategic collaboration on the development of a regional power transmission network interconnecting countries across the region, including proposed transmission lines between Malaysia and Vietnam, both overland and via subsea cables.

On April 26, 2025, the Ministry of Industry and Trade (MOIT) officially issued Decision No. 1198/QD-BCT, approving the electricity generation price framework for pumped storage hydropower plants for the year 2025.

In Xiangkhuang province, Nam Neun 1 Hydropower Company (under ST Group Laos) has just held a groundbreaking ceremony for the Nam Neun 1 Hydropower project, which has a capacity of 124 MW. Lao Prime Minister Sonexay Siphandone and representatives from relevant ministries, sectors, and local authorities attended the ceremony.

At the Ministry of Industry and Trade's headquarters, Minister Nguyen Hong Dien recently held working sessions with representatives from EREX Group (Japan) and SK Group (South Korea) to discuss collaboration opportunities in the fields of LNG power, hydrogen, and biomass energy in Vietnam.

The Ministry of Industry and Trade has just issued decisions approving the electricity generation price framework for hydropower plants, natural gas-fired combined cycle thermal power plants, and solar power plants. The approved decisions are effective from the date of signing (April 10, 2025).

On April 4th, 2025, in Hanoi, EVN Deputy General Director Mr. Pham Hong Phuong held a meeting with Dr. Frederic Sauze, Member of Executive Board, ANDRITZ AG cum President & CEO of ANDRITZ HYDRO GmbH and ANDRITZ Hydropower Group.

On March 10, 2025, in Hanoi, Vietnam Electricity (EVN) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) signed a credit contract for the 500kV Lao Cai - Vinh Yen transmission line project. The credit facility, valued at VND 5.472 trillion, will be disbursed over two years.

The government issued Decree No. 61/2025/NĐ-CP on March 4, 2025, detailing certain provisions of the Electricity Law regarding electricity operation licenses. Specifically, it regulates the issuance of electricity operation licenses in power generation, transmission, distribution, wholesale, and retail electricity.

On March 3, 2025, in Yen Bai, Vietnam Electricity (EVN) and the Power Project Management Board 1 held a groundbreaking ceremony for the construction of the 500kV transmission line project Lao Cai - Vinh Yen (the section passing through Yen Bai province).

On February 24, 2025, in Hanoi, Vietnam Electricity Group (EVN) and Vietnam Rubber Industry Group (VRG) signed a cooperation agreement.

On February 13, 2025, in Hanoi, Vietnam Electricity Group (EVN), Power Project Management Board 3 and the Contractor Consortium (Lung Lo Construction Corporation, Song Da Corporation, LILAMA 10 Joint Stock Company, SCI E&C Joint Stock Company, Construction Joint Stock Company 47, Truong Son Construction Corporation and Vietnam Construction and Import-Export Joint Stock Corporation) held the signing ceremony of package 02XL-BA "Construction and installation of Bac Ai Pumped Storage Hydropower Plant - phase 2, phase 1 of the Bac Ai Pumped Storage Hydropower Plant project - Ninh Thuan province".

Deputy Prime Minister Nguyen Hoa Binh has just signed Decision No. 261/QD-TTg dated February 11, 2025, on the establishment of the Council for Appraisal of the Adjustment of the Power Development Planning VIII (PDP VIII) for the 2021-2030 period, with a vision to 2050.

The Board of Members of Vietnam Electricity Group (EVN) has just issued Decision No. 23/QD-HDTV, dated January 16, 2025, approving the investment project for the 500 kV Lao Cai—Vinh Yen transmission line.

Primer Minister Pham Minh Chinh signed Direction No 1/CT-TTg on 3/Januayy/2025 on solutions to ensure electricity is sufficient for people's lives, production and business in the high time of 2025 and in the 2026 – 2030 period.