Vietnam Power Shortage

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.

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

Electricity imports from Laos are crucial to boost supply and mitigate power shortages in northern Vietnam in 2025 and beyond.

The power utility plans to launch 34 power projects and commission 63 others this year, with an estimated construction investment of VND20.4 trillion (US$837.6 million).

Electricity shortages in the North were warned two years ago and have become even more pronounced since 2022, especially the region's lack of new energy sources.

By 2025, the country aims to reduce total electricity consumption by 2% and minimize grid losses to less than 6%.

About 4,350 MW more electricity is needed in the north of the country.

In May, the daily average electricity consumption across the country reached nearly 820 million kWh, marking a more than 20% increase compared to April.