Ministry explains cuts to capacity of renewable power plants
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants. (Photo: VNA)
Hanoi (VNA) - Low power demand coupled with oversupply ofelectricity at times have forced authorities to cut the capacity of renewableenergy plants in order to avoid overwhelming the national grid, according tothe Ministry of Industry and Trade (MoIT).
A large amount of investments from social resources has been poured into developingrenewable energy, particularly solar energy, over previous years in Vietnam, according to the ministry.
However, a boom in high-capacity renewable energy projects, mainly incentral and southern Vietnam, has overloaded inter-regional transmission linesand caused oversupply at times, the ministry said in Document No 1226/BCT-DTDL sentto the National Assembly’s committees for Science, Technology and Environment, and Economic Affairs and the Office of the Government explaining its stance on the power capacitycut.
Additionally, domestic demand for power has fallen below normal levelsdue to the impact of COVID-19, which led to an oversupply of electricity duringoff-peak times such as holidays, weekends, and at noon, the ministry said.
According to the ministry, this is a very dangerous situation that adversely affects the safeoperation of the national grid. Though the National Load DispatchCentre (A0) has reduced the output of traditional energy to the minimum, theoversupply remains, so the centre had to make another cut to renewable energycapacity to prevent the electricity system from collapsing.
The ministry has ordered Vietnam Electricity (EVN) and A0 to calculate therequired reduction of capacity at all renewable power plants in a transparentand fair manner, regardless of who their investors are.
The ministry added that it has received government approval onthe supplement of various power transmission line projects into planning while urging EVN to fast-track the♋ progressof existing projects to raise the capacity of the national 🐈electricity network./.
The national target programme on electricity supply for rural, mountainous and island areas will reach approximately 871,263 households between 2021 and 2025, as heard at a conference held in Hanoi on January 14 to review its implementation in the past five years.
Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants. (Photo: VNA) 
