Vietnam electricity price was supposed to be adjusted up by 11.76% in recent price hike, but after considering many factors, EVN limited the rise to only 5%, Mr. Hoang Quoc Vuong, Deputy Minister of Industry and Trade said in a press release. According to Mr. Vuong, a 5% price adjustment reflects changes in basic input [...]
The Ministry of Finance said prices of electricity, coal, fuel products and public services, which are heavily subsidized by the government, will be determined by the market no later than 2013. Prices of these essentials will gradually be “given back to the market,” the ministry said Saturday, adding that subsidies will be removed at the [...]
Vietnam Electricity (EVN) will try its utmost to basically satisfy demand for electricity of the entire economy. Vietnam Electricity (EVN) will try its utmost to basically satisfy demand for electricity of the entire economy, EVN Deputy Chairman Dinh Quang Tri told the local online newspaper Thanh Nien on Dec 23, reasoning the recent increase in [...]
Electricity price for production rising by 5.7% on average from December 20 will lead to price of cement up 0.39-0.56%, price of steel up 0.06%, price of clean water up 2-2.3%. The figures provided by Nguyen Tien Thoa, the General Director of Price Management Department under Ministry of Finance when he answered the local news [...]
Asia Development Bank (ADB) will fund $730 million to Vietnam’s national project of upgrading electricity transmission grid in order to meet the demand of rapid economic growth. The funding will be conducted through many phases. The first phase is $120.5 million, approved by ADB Board of Directors. The project aims at helping build nearly 648 [...]
While businesses feel worried that they may fail to fulfill the yearly business plan in the big economic difficulties, and people fear that they will have to fasten their belt when celebrating Tet, they have heard another shocking news: the electricity price increases from December 20. The Electricity of Vietnam (EVN) unexpectedly announced that the [...]
Electricity of Vietnam (EVN) has said that electricity sector proposed the electricity price hike level of 11%. However, due to the target of taming inflation, the Vietnamese government allowed the electricity price hike at the lowest level of 5%. With this electricity price increase, EVN will earn additional only six trillion dong, a very modest [...]
Vietnam is not ready to run the competitive electricity generation from January 1st, 2011, the Deputy Prime Minister Hoang Trung Hai said in a document issued by the Government Office. Some electricity generators have not completed the installation and integration into the system; a number of amendment and supplement contents of newly published legal documents [...]
There had not been enough preparation to ensure the efficient operation of a competitive power generation market by the beginning of next year and its introduction would have to be postponed, Deputy Minister Hoang Trung Hai said yesterday. Three major problems had caused the delay,” Hai said First, some power generating units had yet to [...]
PetroVietnam churns out 9 billion cubic meters of gas, but it only sells 5.7 billion cubic meters to power generators. Lacking 800 million cubic meters of gas for generating power, the Electricity of Vietnam EVN will have to spend 18 trillion dong to buy oil to generate power, and have one more reason to raise [...]
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