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Vietnam's electricity shortage has become an obstacle to foreign investment
Release time:2024-03-29 Source: Qingqiao Number of views:

Recently, The event hosted by the Ministry of Planning and Investment with Vietnamese Prime Minister Pan Min chen in HanoiVietnam Business ForumAbove, representatives of business agreement bodies, governments, and advancing enterprises from the United States, Japan, Europe, the United Kingdom, South Korea, and other regions gatheredseven hundredMultiple relevant personnel.

At the meeting, major national economic groups unanimously called for the difficulties caused by unstable electricity supply. Officials from the Japan Chamber of Commerce in Vietnam mentioned that last yearfivetosevenDuring the power outage in the northern region of the month, he revealed:If the power supply is irregular, it is difficult for enterprises to develop production plans or accurately predict delivery dates.

Hong Shan chu, President of the Vietnamese Korean Association, emphasized:Many South Korean companies, especially cutting-edge technology companies such as semiconductors, hope to invest in Vietnam, but many are hesitant about recurring power shortages. I hope the government will take resolute measures to ensure the reserve of electricity.

At that time, the temperature in Vietnam soared toforty-fiveCelsius, the demand for electricity increases sharply. After the tight supply and demand, the power supply to major industrial parks in the north, such as Puning, Puzhuang, and Haiphong, has also been interrupted one after another. Conducted weekly in various provincesonetwoRepeated power outages, even on days when it was difficult to power on, often result in power outages again.

Entrepreneurs also urged early notification of power outage plans. It is reported that Vietnam responded on the same day by seeking various solutions, including strengthening the transmission system and encouraging direct electricity trading.

But can it be achievedpower supplySubstantive improvement is still unknown. Because power supply interruption is a chronic problem in Vietnam, but solving it is not easy. Most of Vietnam's electricity generation relies on hydroelectric and thermal power generation. But if drought causes the water level of the reservoir to drop, the power generation will decrease by nearly70%~80%.

Due to coal supply and environmental pollution issues, it is difficult to increase thermal power generation. That is to say, there are structural issues with the power supply. Vietnam is increasingly concerned that electricity issues will become a stumbling block in actively attracting overseas enterprises.

YuesouthThe media recently revealed that,two thousand and twenty-threeThe losses caused by power shortage alone amount tofourteenOne billion US dollars, equivalent to VietnamGDPof0.3%. World Bank Senior Economist Dusarte suggests that the Vietnamese government needs to immediately replace the old power grid, otherwise the power shortage situation will only continue to occur in the coming years, causing high losses for foreign businesses, which may lead them to consider relocating their positions.


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