There may be a power shortage from now till May 25 as the intense heat wave triggers a spike in electricity demand, along with the drought that drains reservoirs, he said.

Prime Minister Pham Minh Chinh at the meeting.

Given this, the leader asked the Vietnam National Coal-Mineral Industries Holding Corporation Limited and North-East Corporation to supply sufficient coal to thermal power plants that use domestic coal.

Meanwhile, the thermal power plants that use imported coal should employ measures such as borrowing and repurchasing coal of others, he said, urging the Vietnam National Oil and Gas Group to ensure the supply of fuels for oil- and gas-fired thermal power plants.

Relevant ministries and agencies should engage in negotiations with wind and solar power projects that are now ready to be connected to the national power grid, with provisional pricing.

Deputy Minister of Industry and Trade Dang Hoang An was tasked with directly instructing the Vietnam Electricity in rolling out solutions to operate the national power system, ensure electricity supply and prevent power shortages.

Vietnam among world's top 30 powerful countries: US News & World Report

Vietnam has been listed among the world's top 30 powerful countries in 2022 by US News & World Report.

Northern Vietnam forecast to suffer powerful cold spell

A powerful cold spell is forecast to hit the northern and north-central regions from December 17, according to the National Centre for Hydro-Meteorological Forecasting (NCHMF).

Strong purchasing power, demand drive Vietnam’s economic growth: expert

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

Japanese banks to provide 300 million USD for Vietnam's renewable energy

Four Japanese banks - the Japan Bank for International Cooperation (JBIC), Mizuho Bank, Joyo Bank, and Shiga Bank - will co-finance a total of 300 million USD in credit lines to power producers using renewable energy in Vietnam to help the growing Southeast Asian country decarbonize, according to the Nikkei Asia.

Deputy PM asks for Toyota’s support in digital transformation, energy transition

Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on March 16 for Tien Quoc Hao, Chief Executive Officer of Asia Region of Japan’s Toyota Motor Corporation (TMC) and President of Toyota Motor Asia Pacific (TMAP), during which he asked for Toyota’s technical support to help Vietnam catch up with and even lead the digital transformation and sustainable energy transition process, and realise the goal of net-zero emissions.

Source: VNA