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

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

Many power plant projects are years behind schedule, hurting Vietnam’s chances of fulfilling its goal of achieving a stable power supply, industry insiders said.

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Delayed power projects hurt Vietnam’s energy security

The construction of a US$2-billion-plus thermo power plant began in the northern province of Quang Ninh Friday.

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Work starts on Vietnam $2-bln-plus power plant

Hyundai Engineering and Construction, South Korea’s largest builder, said Tuesday it has won a US$1.46 billion (S$1.76 billion) order to build two power plants in Vietnam.

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S. Korea builder wins $1.76 bln order from Vietnam