The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

BT Explains: Vietnam’s severe electricity shortage and the risks it brings

google-preferred-sourceAdd BT as a preferred source

Jamille Tran

Published Tue, Jun 13, 2023 · 05:50 AM
    • The Hoa Binh hydroelectric power plant in Hoa Binh province, Vietnam; Vietnam plans to have hydropower account for 19.5 per cent of the energy mix by 2030, down from 29 per cent in 2022.
    • The Hoa Binh hydroelectric power plant in Hoa Binh province, Vietnam; Vietnam plans to have hydropower account for 19.5 per cent of the energy mix by 2030, down from 29 per cent in 2022. PHOTO: REUTERS

    [HO CHI MINH CITY] There have been concerns over Vietnam’s frequent power blackouts over the past few weeks, but the severity of the electricity shortage has since escalated due to an unusually long and serious heat wave.

    The heatwave has reduced water volumes at hydropower dams and seen more households and businesses crank up their electricity usage to cope with the soaring temperatures.

    Last Thursday (Jun 8), Vietnam Prime Minister Pham Minh Chinh issued a directive to urge people to conserve electricity, and he warned that the power situation will remain challenging for a long time as demand goes up.

    ElectricityAsean BusinessAseanSouth-east AsiaVietnamPower plantsCoalRenewable energy

    TRENDING NOW

    The old technology uses less electricity than centralised air conditioners is a major advantage for a resource-starved country.

    Singapore brings back 19th-century tech to beat warming climate

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The rupiah sank to lows a few times in the past week, with the currency breaching the 14,000 threshold against the Singapore dollar on Wednesday.

    Strong US dollar and tariff threats ignite broad Asian currency sell-off

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More