Vietnam energy sector expands grid investment and production

Vietnam's energy sector is seeing significant developments in both infrastructure and production. In Ha Tinh province, the Ha Tinh Power Company is accelerating 95 investment and construction projects for the power grid. The company is focusing on site clearance, resource management, and technical supervision to ensure project progress and power quality. As of September 2026, 18 transition projects have been completed, with 14 projects successfully connected to the grid in September alone to improve voltage stability.

On a corporate level, PV Power reported a 41% year-on-year increase in electricity output for the first nine months of 2026, reaching approximately 18.954 billion kWh. This exceeds their plan by 19%. The Vung Ang I Thermal Power Plant remains a primary source, contributing 5.709 billion kWh. PV Power is also expanding its LNG capabilities, having secured long-term LNG supply agreements and advancing major projects such as LNG Quynh Lap and LNG Vung Ang III. Revenue for the period reached an estimated 46,161 billion VND, a 77% increase compared to the same period last year.