There will be no power shortage this year even though a serious dry spell has been forecast for the summer, state-owned monopoly Electricity of Vietnam has promised.

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Electricity of Vietnam promises no shortage in 2012

The labor ministry will inspect salaries at the state-owned power utility Electricity of Vietnam (EVN) and some of its member companies, Tuoi Tre quoted Minister Pham Thi Hai Chuyen as saying Thursday.

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Vietnam power utility’s salaries subject to further inspection

Vietnam will raise electricity prices by 5 percent starting Tuesday, as the country moves to encourage development in the power sector and keep up with increasing energy demand.

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Vietnam raises power prices to spur capacity investment

The Vietnamese government, which piloted a competitive power generation system in July, has decided to delay the formal launch of the system to the full-fledged market, saying preparations are still not complete.

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Vietnam electricity market reform delayed by a few months: report

The Asian Development Bank said Thursday it has approved a loan of US$309.89 million for a new power plant in southern Vietnam, because the demand for electricity is growing in the country.

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ADB approves loan to Vietnam’s new eco-friendly power plant

Russia agreed to lend Vietnam as much as $9 billion to fund the construction of the Southeast Asian nation’s first nuclear power plant as the countries deepen their economic ties.

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Russia to lend Vietnam $9 billion for first nuclear plant

Vietnam will spend around US$1 billion each year to develop power transmission facilities and is dependent on foreign financing sources, a state-owned company said.

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Vietnam needs $1 bln per year for power transmission projects

Vietnam will be among the top five international powerhouses which will drive world trade growth until 2025 as its trade volume is expected to grow 144 percent by then, the HSBC says in a new report.

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Vietnam a global trade driver, HSBC says

The government has not made a decision on when to raise power prices as the timing of such a hike needs to be carefully weighed against the goal of controlling inflation, an official said.

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Official says no plan for power price hike just yet

Japan Atomic Energy Co said on Wednesday it reached an agreement to conduct a feasibility study to build Vietnam’s first nuclear power plant, marking a step in Japan’s efforts to export its nuclear technology to the Southeast Asian country.

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Vietnam advances nuclear construction plan with Japan