Vietnam Electricity Company (EVN) Achieves its First and Positive Credit Rating from Fitch Ratings

Hanoi, June 7, 2018: Vietnam’s electricity company Vietnam Electricity, or EVN, is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile. Now assigned an Issuer Default Rating (IDR) of ‘BB’ with a ‘Stable Outlook’ for long-term foreign currency, EVN’s ratings align with Vietnam’s sovereign rating. EVN’s sustainable financing strategy is supported by technical assistance from the World Bank.

ASEAN Sustainable Energy Week 2018 held in Thailand

ASEAN Sustainable Energy Week 2018 held in Thailand

Thailand is organising the ASEAN Sustainable Energy Week 2018 to adopt alternative energy sources in response to rising energy prices, with the target of increasing the proportion of renewable energy...

Electrification of rural areas makes stride over past decade

Electrification of rural areas makes stride over past decade

The implementation of synchronous measures to improve the power supply system has brought a facelift to Vietnamese rural areas, with 99.98 percent of communes nationwide and 98.83 percent of households...

Border communes in Dak Nong connected to national grid

Border communes in Dak Nong connected to national grid

Almost 95 percent from Thuan Ha and Thuan Hanh border communes in Dak Song district, the Central Highland province of Dak Nong, have accessed electricity thanks to a local power project in 2014-2020...

Central island gets face lift thanks to solar power

Central island gets face lift thanks to solar power

Life in An Binh Island, also known as Be Island, in Ly Son island district, the central province of Quang Ngai has changed since solar power was introduced.

Solar power set for schools in Quảng Nam

Solar power set for schools in Quảng Nam

The Central Power Corporation, under Việt Nam Electricity (EVN), has debuted a solar power system for three junior secondary schools in Quảng Nam Province’s districts of Duy Xuyên, Đại Lộc and Quế ...

MoIT asked to report on solar power plants

MoIT asked to report on solar power plants

 The Ministry of Industry and Trade (MoIT) has been asked to report the list of approved solar power plants to Prime Minister Nguyen Xuan Phuc before July 15, 2018.

Leading firms to join Vietnam – Australia energy conference

Leading firms to join Vietnam – Australia energy conference

Global leading companies in construction and coal supply will take part in the Vietnam – Australia energy conference, scheduled for May 22 in Hanoi, said the Australian Embassy in Vietnam.

EVN general director appointed MoIT deputy minister

EVN general director appointed MoIT deputy minister

Prime Minister Nguyễn Xuân Phúc has signed a decision to appoint EVN general director Đặng Hoàng An to the position of deputy minister of industry and trade.

Hà Nội uses more electricity as temperature rises

Hà Nội uses more electricity as temperature rises

Electricity consumption has surged drastically in Hà Nội with the onset of the first heat wave, power company Electricity of Việt Nam (EVN) said.

New approach to energy strategy urged

New approach to energy strategy urged

Director of the Vietnam Institute of Economics Tran Dinh Thien has called for taking new approach to energy strategy, with saving energy in production and consumption as compulsory.   

EU helps increase power access in rural, mountainous, island areas

EU helps increase power access in rural, mountainous, island areas

The European Union will help Vietnam achieve the goal of ensuring power access in rural, mountainous and island areas through the Energy Sector Policy Support Programme using the EU’s non-refundable...

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News

Electrification of rural areas makes stride over past decade

Cập nhật 05/06/2018

The implementation of synchronous measures to improve the power supply system has brought a facelift...

Innovation

Vietnam leads in renewable energy

Cập nhật 08/06/2015

Vietnam has seen the greatest rise in the proportion of electricity generated through renew-ables...

Investment

Hoa Binh hydropower plant expansion approved

Cập nhật 16/04/2018

 Deputy Prime Minister Trinh Dinh Dung has approved a proposal on investment in expanding the Hoa...

Business

EVN’s electricity production rises 10.5 percent in five months

Cập nhật 07/06/2018

The State-run Electricity of Vietnam (EVN) Group produced 74.42 billion kWh of electricity in the...

Production

GENCO 1’s 11-month hydropower output surpasses year’s target

Cập nhật 18/12/2017

The Generation Corporation 1 (GENCO 1) of the Electricity of Vietnam (EVN) produced more than 9 billion...