World Bank and its partners to work closely with Vietnamese Power Sector

That was confirmed by the Country Director of World Bank (WB) in Vietnam – Mrs. Victoria Kwakwa at a meeting between Vietnam Electricity to the diplomatic missions, the domestic and overseas partners organized on 29 January in Hanoi.

Attending the ceremony were Mr. Konstantin V. Vnukov - Extraordinary and Plenipotentiary Ambassador of the Russian Federation to Vietnam, Susan Sutton - Deputy Chief of Mission of US to Vietnam, Ms. Victoria Kwakwa - WB Director in Vietnam, Mr. Rémi GENEVEY - Director of the French Development Agency (AFD) in Vietnam, and representatives from the Chinese Embassy, ​​Indian Embassy, ​​Australian Embassy, ​​Japan International Cooperation Agency in Vietnam, Asian Development Bank in Vietnam and other international organizations etc.

EVN also honored to welcome Mr. Bui Truong Giang - Deputy Chairman of the President Office, Ms. Bui Thi Keng- Director General of Law Department - President Office, representatives of the Ministry of Industry and Trade; Ministry of Planning and Investment, Ministry of Foreign Affairs of Vietnam etc., to the meeting.

For EVN at the meeting, there were Mr. Duong Quang Thanh - Chairman of Management Board, Mr. Dang Hoang An - General director, the Members of Management Board, Deputy General Directors of EVN.

EVN General Director Dang Hoang An stressed, the cooperation and support of the ministries, domestic and international partners in recent years are so important for the development of Vietnamese Power Sector.

EVN is currently managing and operating the power system ranked the  2nd position in the Southeast Asia and No. 30 in the world. 99.8% of communes and 98.7% of rural households in Vietnam have access to electricity. This ratio is higher than that in many other countries in the region.

To develop power systems with an annual growth of over 10%, it requires a huge capital investment.  In the past 5-year period, annually, EVN has invested in average from 5 to 6 billion US dollars. According to Master Plan VII, electricity growth in the time to come will continue to remain high, thus EVN investment is expected to reach over US$ 6 billion per year.

Also, in the past 3 years, EVN has improved the quality of power services. Power loss in 2015 was 8%. EVN has also actively improved corporate management, enhance the labor productivity etc...

In 2016, EVN poses ambitious goals: Continue to ensure the supply of electricity serving the industrialization in Vietnam, as well as to ensure electricity for people’s living, continue to invest heavily in infrastructure including power generation, transmission and distribution of electricity etc…By 2020, EVN aims at providing power to most rural households, increasing labor productivity by 1.6 times compared to that of 2015 etc...

EVN General Director expressed his wish, in the future will continue to receive the support and assistance, long-term cooperation from the diplomatic missions, the international financial institutions, donors, the suppliers and contractors etc…

Victoria Kwakwa – Country Director of World Bank (WB) in Vietnam, expressed her pleasure to be at the meeting and said that the power sector has contributed an important portion in the cause of industrialization and modernization in Vietnam. The power sector has become the backbone for economic development of Vietnam.

WB in Vietnam and other partners are extremely honored to become a contributor to the development of Vietnam electricity industry. Multilateral and bilateral international organizations in the last 20 years have contributed over US $ 10 billion in service of national industrialization and modernization, which mainly supports rural electrification, upgrading infrastructure of power sector etc…

In the future, Ms. Victoria Kwakwa affirmed that the World Bank and its partners will work closely with Vietnam power sector, to give their contribution to improve the quality of power supply, to change the Vietnam economy and poverty reduction in Vietnam.

Some photos at the meeting:

Ms. Victoria Kwakwa – WB Country director in Vietnam affirm WB and its partners will work closely with Power sector of Vietnam



Distinguished guest visit Power Sector Tradition Room

  • 30/01/2016 02:55