Minister Nguyen Hong Dien emphasized the importance of preventing any imbalance between electricity supply and demand under any circumstances.

Illustrative Photo

In 2025, Vietnam’s economy is forecast to continue its robust growth, driven by substantial FDI inflows and numerous national key projects. Consequently, the country aims to ensure electricity supply growth of at least 11% to meet increasing demand.

During a recent meeting on the 2025 Electricity Supply Plan, Minister of Industry and Trade Nguyen Hong Dien emphasized the importance of preventing any imbalance between electricity supply and demand under any circumstances.

“We must absolutely ensure the electricity supply in 2025, comply with legal regulations, optimize the cost of electricity purchase for the entire system, and ensure the harmonious interests of the state, businesses, and consumers,” said Mr. Dien.

With a high economic growth target of 8-9% in 2025, and aiming for even higher growth from 2026 onwards, the demand for electricity from businesses, citizens, and the overall economy will be much stronger.

The minister called for readiness in providing energy to support socio-economic development and the livelihood of the people. Specifically, a detailed plan for system operation and electricity supply must be developed to meet growth demands with safety and stability.

At the meeting, representatives from the Ministry of Industry and Trade, Vietnam Electricity (EVN), Vietnam Oil and Gas Group (PVN), Vietnam National Coal and Mineral Industries Holding Corporation, and the Dong Bac Corporation reported on their production status for electricity, coal, and gas supply. They also presented coordinated plans to ensure stable electricity supply in 2025.

Minister Dien reiterated that the revised Electricity Law, expected to be passed in the ongoing 8th session of the 15th National Assembly and take effect at the beginning of 2025, will be pivotal. Therefore, electricity supply needs to ensure growth of 11% or more per year.

To achieve this, he agreed on three electricity supply scenarios for 2025: Scenario 1 (Baseline Scenario): Electricity supply growth must reach 11-12%, year-on-year, with 13% or more in the dry months; Scenario 2 (High Scenario): Electricity growth must reach 12-13% or more, year-ơn-year,  with 14% or more in the dry months; and Scenario 3 (Extreme Scenario): Electricity growth must reach 14-15% or more, year-ơn-year, with 16% or more in the dry months.

Manh Duc (Source: en.vneconomy.vn)