The 500 kV – circuit 3 transmission line project, with an investment of nearly $1 billion and a length of approximately 520 kilometers, is aimed at enhancing electricity transmission to northern Vietnam.

This project has a transmission capacity of around 2,400 MW and will enhance electricity supply to the northern region from 2025.

A survey by the Ministry of Industry and Trade late last year showed that around 20 large enterprises wish to buy electricity directly, with a total demand of nearly 1,000 MW.

Any increase in electricity prices should be carefully planned in terms of size and timing to ensure market alignment, reduce losses for EVN, and meet inflation control goals.

The priority is to ensure that there is no electricity shortfall under any circumstances.

With the onset of the peak summer months, especially in June and July, electricity demand is expected to rise significantly.

The total imported power capacity from Laos could reach 5,000-8,000 MW by 2030, increasing to 11,000 MW by 2050.

The lack of an action plan is impacting the execution of projects and the supply of electricity for both production and consumption.

Vietnam’s economic growth continues its positive recovery trend, driven by investment, consumption, tourism, and rising export expectations.