The Industry and Trade Ministry has been actively revising policies to attract investment in electricity infrastructure. — VNA/VNS
HANOI: The Industry and Trade Ministry will ensure a stable and sufficient electricity supply to reach Vietnam’s gross domestic product growth target of 8% in 2025, according to the ministry’s representative at a dialogue on ensuring electricity supply for the economy, organised by the Government News Portal on May 7.
Doan Ngoc Duong, deputy director of the Electricity Department under the Industry and Trade Ministry, said that following the Prime Minister’s directive, the ministry has been actively revising policies to attract investment in electricity infrastructure.
Anticipating a 12% increase in electricity demand aligned with an 8% economic growth forecast, the ministry has introduced a comprehensive plan to supply enough electricity for the country.
This includes ensuring maintenance and high operational readiness across power plants, as well as securing stable fuel supplies from coal, oil and gas sources.
Key measures also involve expediting critical power generation and transmission projects, optimising resource mobilisation, encouraging electricity savings and reducing peak-time consumption.
“In the first four months of 2025, electricity supply was stable, even during peak demand periods,” Duong said.
However, he warned that unforeseen risks, such as droughts, extended heatwaves, or equipment failures, could stress the power system.
Furthermore, the ministry is therefore developing contingency plans to respond to all scenarios, ensuring national energy security.
As 2025 has been identified as a year of “acceleration and breakthrough” to lay the foundation for consistent double-digit growth from 2026 to 2031, energy supply, especially electricity, is increasingly viewed as a cornerstone of economic development.
Phan Duc Hieu, a permanent member of the National Assembly’s Economic Committee, emphasised that electricity is not just a commodity but also the fundamental input that drives all other sectors of the economy.
He stated that both the quantity and quality of energy sources must rise to meet the evolving demands of economic growth, national security and society.
“With rising demand and the dual challenge of energy security and quality assurance, electricity pricing mechanisms will also need to adapt,” Hieu noted.
While the electricity sector has largely met economic demands, experts argue that a sustainable supply hinges on addressing longstanding issues within the pricing structure. — Viet Nam News/ANN
