Will Vietnam have a stable electricity supply in 2025?

HÀ NỘI – Vietnam Electricity (EVN) has outlined a series of proactive measures to ensure stable electricity supply across the country in 2025, as national power demand is expected to surge significantly. According to EVN, the total system load capacity this year is estimated to hit 54,510MW, marking an increase of 11.35 per cent compared to 2024.

Does Vietnam have a power supply problem?

Vietnam is confronting this supply challenge at a time when the national power system has been under strain for years. Since the COVID-19 pandemic, the state utility Electricity of Vietnam (EVN) has been forced to rely on a combination of contingency measures to tackle widespread blackouts.

Why is Vietnam revising its long-term power development plan?

Vietnam is revising their long-term power development plan less than two years after its release, as previous capacity expansion targets have become unrealistic. The urgency to fill immediate supply gaps leaves planners with limited options: a razor-sharp focus on renewables, battery storage, and electricity imports from now until 2030.

Does Vietnam have a solar power industry?

Vietnam’s solar power industry has experienced rapid growth in recent years, driven by favourable government policies and increasing demand for renewable energy. With abundant solar potential due to its geographical location, the country has become a significant player in the Southeast Asian renewable energy market.

Is coal a viable source of energy in Vietnam?

Vietnam’s coal power industry remains a dominant source of energy, accounting for nearly half of the country’s electricity generation. The rapid economic growth and industrialisation over the past two decades have led to a significant increase in energy demand, making coal a reliable and affordable option to meet these needs.

Does Vietnam have low electricity use efficiency?

Despite impressive strides in power development - particularly renewable energy - Vietnam still faces a major challenge: low electricity use efficiency. Recent data reveals a troubling gap between Vietnam and its regional peers when it comes to the amount of electricity consumed to generate economic value.