The Chairman of Vietnam Electricity (EVN) stated that maintaining a high level of investment in recent years has been essential to ensuring national energy security and supporting economic growth. Over the past five years, EVN’s total investment has reached nearly VND 500 trillion, primarily focused on developing power generation sources and expanding the national grid.
Explaining the scale of investment, EVN’s leadership emphasized that power projects typically require around five years for preparation and construction. Without early investment, the system would not be able to meet future demand, potentially leading to power shortages.
In addition, Vietnam’s electricity demand is expected to continue rising sharply, especially as the economy targets strong growth. This creates significant pressure on EVN to continuously expand infrastructure and enhance its power supply capacity. Thanks to substantial investment, Vietnam’s power system has achieved a large scale within the region, with electrification reaching nearly 100% of households, including rural areas.
In the coming years, EVN plans to maintain an annual investment of around USD 5 billion, totaling approximately USD 25 billion over five years. This funding will be used to develop power sources, upgrade transmission networks, promote energy transition, and modernize the overall system. The goal is to ensure stable electricity supply to support economic growth and Vietnam’s green transition.
This large-scale investment also presents significant opportunities for companies involved in supplying electrical materials, equipment, and related services. Manufacturers of cables, transformers, and transmission equipment, as well as construction, consulting, and energy technology firms, are all expected to benefit from growing demand. In particular, as the sector shifts toward renewable energy and grid modernization, companies with advanced technology and the ability to meet high international standards will gain a clear competitive advantage, helping drive the development of the entire power industry supply chain in the years ahead.
Cre: EVN Chairman explains the reasons for the need for large investments.
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