The above information was given by Minister Nguyen Hong Dien at a meeting with Lao Minister of Energy and Mines Phosay Sayasone.
At the meeting, Minister Nguyen Hong Dien emphasized that it is very necessary to accelerate the issuance of a price framework for Vietnam to buy electricity from Laos after 2025. Recently, the Ministry of Industry and Trade has directed EVN to study and propose a price framework for buying electricity after 2025, which will then be reported to the Government for approval.
"It is expected that in the first quarter of this year, the price frame for purchasing electricity from Laos after 2025 will be officially issued," Minister Nguyen Hong Dien informed.
Minister Nguyen Hong Dien and Lao Minister of Energy and Mines Phosay Sayasone signed a Memorandum of Understanding between the two sides on cooperation in the fields of energy and mineral exploitation.
The Minister of Industry and Trade also said that Vietnam is currently in great need of electricity and energy to serve production development. Vietnam is currently considered one of the top 20 exporting economies and one of the 15 countries attracting the most foreign direct investment (FDI) in 2023 with a total FDI capital of up to 15 billion USD.
In the first quarter of 2024, GDP growth is nearly 6%, industrial production increases by 6%, manufacturing and processing industry increases by 6.8%; trade surplus is more than 8 billion USD... According to forecasts, import and export in 2024 can reach 790 billion USD in a high growth scenario with favorable economic developments.
"With such a speed and scale of development, Vietnam is in great need of energy to develop production. It is forecasted that by 2030, the scale of Vietnam's economy will continue to increase, so the demand for electricity will double at present, and at the same time, it is necessary to shift energy towards green, clean and sustainable" , Minister Dien commented.
At the meeting, Lao Minister of Energy and Mines Phosay Sayasone hoped that the two sides would further strengthen cooperation in energy and minerals, jointly develop more specific cooperation plans and programs, and have more exemplary and effective cooperation projects and works.
Minister Phosay Sayasone proposed a number of issues that the two sides need to focus on solving at present, such as: Establishing a working group to promote the progress of issuing a price framework for Vietnam to buy electricity from Laos after 2025; establishing a working group to promote the connection of the 500 kV power line from Laos to Vietnam according to Vietnam's eighth power plan.
Laos also proposed to work with Vietnam to resolve a number of issues related to the Xe-ka-man 1 and 3 hydropower plants; support and exchange experiences in establishing an electricity regulatory agency; promote and facilitate the transportation of goods from Laos to border gates/ports in Quang Tri and Hue; support cooperation in inspection work; planning work and mineral mapping.
Minister Nguyen Hong Dien agreed with the proposals of the Lao Minister of Energy and Mines, and also raised many important contents and solutions to promote cooperation in the fields of energy and minerals between the two countries.
"It is agreed to establish working groups of the two ministries and the two countries to remove difficulties in cooperation on energy and minerals. These working groups must submit to the leaders of the two ministries monthly and quarterly the difficulties and obstacles that need to be removed and regularly discuss and resolve issues online, combining direct meetings between the leaders of the two ministries within a period of 6 months to 1 year. The two sides also need to have a signed document, memorandum of understanding and specify the cooperation contents" , Minister Dien emphasized.
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