The above content is mentioned in Notice No. 500 of the Government Standing Committee's conclusion at the meeting on the implementation of important projects of Vietnam Electricity Group (EVN) and Vietnam Oil and Gas Group (PVN) to ensure electricity supply and ensure energy security.

The economic growth rate in 2025 is expected to be 7% and to ensure enough electricity for production, business and people's lives, electricity growth must reach 12-13%. According to the report, the total capacity needed to increase to meet demand is expected to be about 2,297 MW.

With experience in management in 2024, the Prime Minister requested that there must be no power shortage in 2025, in which, he proposed implementing solutions to ensure compensation for the total capacity shortage.

Accordingly, the Prime Minister directed the Ministry of Industry and Trade to study and promote the purchase of electricity from Laos, agree with the buyer for the entire 5-year period and adjust the import price of electricity accordingly. In addition, the possibility of increasing the import of electricity from China to supplement the system if necessary is also considered.

For the period 2026-2030, the Ministry of Industry and Trade, the State Capital Management Committee at Enterprises, relevant corporations and groups, based on the electricity growth target of about 12-15% per year, will develop scenarios on power sources, power transmission, power distribution, economical and efficient use of electricity and appropriate electricity prices.

This task, according to the Prime Minister, must be linked to the goal of not having a power shortage under any circumstances for the entire period from now until 2030, both ensuring growth and implementing green transformation, in which electricity prices must be suitable to the socio-economic situation and people's payment level.

The head of the Government directed the Ministry of Industry and Trade to conduct research to convert the base electricity from coal to gas, diversify electricity sources, including research and implementation of nuclear power development, focusing on developing clean electricity sources to contribute to combating climate change, green transformation, digital transformation and circular economy such as rooftop solar power, wind power, waste-to-energy, etc.

For hydropower sources, it is necessary to coordinate with the Ministry of Agriculture and Rural Development to develop a plan to regulate water flow in a harmonious and scientific manner, ensuring irrigation but with the spirit of storing water for power generation and the dry season in the North.

For electricity, it is recommended to calculate appropriate electricity prices, close to the market and the country's situation, ensuring harmony of interests between parties, creating motivation and investment efficiency so that investors can participate.

The Prime Minister instructed the Ministry of Industry and Trade, the Ministry of Finance, the State Capital Management Committee at Enterprises, and the Vietnam Electricity Group to manage electricity prices based on their functions, tasks, and authority according to a suitable roadmap, without "jerking".

At the same time, the electricity industry promotes cost savings, enhances digital transformation application, increases competitiveness, reduces costs... electricity prices must be suitable for the economy, with State regulation to stabilize the macro economy.

The Ministry of Industry and Trade is also responsible for coordinating with the State Capital Management Committee at Enterprises and the People's Committees of the provinces to direct specific plans to quickly deploy, complete and put into operation large-scale power source projects in the North.

Specifically: early implementation of Nghi Son LNG - Thanh Hoa plant projects (1,500 MW), Quynh Lap LNG - Nghe An (1,500 MW); strive to start construction in the second quarter of 2025 and complete energization in 2027 for projects with investors: Quang Ninh LNG (1,500 MW), Thai Binh LNG (1,500 MW); urgently complete the Hoa Binh Hydropower Expansion Project (480MW), Quang Trach I (EVN- 1,403MW), Na Duong II (TKV-110MW)...

The Ministry of Industry and Trade urgently reviews and considers adjusting the Power Plan VIII for the 2026-2030 period to ensure it is consistent with the socio-economic development situation in accordance with the provisions of the law on planning, paying attention to implementing the offshore wind power planning, and reporting to the Prime Minister.

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