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EVN pledges no blackout, but power price may rise this year

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(Photo: EVN)

Vietnam Electricity Group (EVN), Vietnam's primary electricity provider, held its annual conference on Jan. 2, to review the past year's performances and announce new objectives. The attention was focused on how to resolve the power shortages issue and whether electricity prices will rise again.

According to EVN's report, Vietnam's electricity generation and imports amount to 280.6 billion kWh in 2023, an increase of 4.56% compared with 2022. However, the northern region faced serious electricity shortages, significantly impacting manufacturing industries and people’s lives. Besides the objective factors of drought, the inadequate ability for power dispatching posed the most challenge for EVN.

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