Vietnam power sector prioritizes transmission investment through 2030

Leadership at Vietnam Electricity (EVN) has directed the National Power Transmission Corporation (EVNNPT) to establish clear investment priorities and enhance management capabilities to handle massive grid expansion through 2030. This directive aims to ensure the implementation of urgent and key projects to meet rising electricity demand.

EVNNPT plans to execute 505 projects between 2025 and 2030 under the adjusted Power Development Plan VIII. As of October 2026, the corporation had commenced and completed 23 projects. The total investment plan for 2026 exceeds 27,273 billion VND, with capital requirements expected to rise to over 33,782 billion VND in 2027.

In a separate development regarding clean energy financing, green credit is being utilized to support renewable energy investments. This includes an eight-year loan involving lenders from China, South Korea, Taiwan, and Thailand, coordinated by HSBC, to implement Battery Energy Storage Systems (BESS) at 70 existing substations. Such initiatives aim to improve grid stability and reduce the risk of overloading.