Vietnam’s Ministry of Industry and Trade (MoIT) aims to cut peak electricity demand in its northern region by around 3000 MW in 2027, as power consumption continues to rise while new baseload generation remains years away.

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World Future Energy Summit 2027 (WFES 2027)

Le Manh Hung, Minister of Trade and Industry, called on the power sector to strengthen demand-side management and promote electricity savings among manufacturers, businesses, and households, particularly during peak hours. He said that manufacturers able to adjust their operating hours should shift part of their electricity use to off-peak periods to ease pressure on the grid.

National electricity demand is forecast to rise by 10 per cent in 2027, while new baseload power will take time to develop. El Niño conditions could persist until June 2027, potentially disrupting water supplies for hydropower generation. In addition, geopolitical uncertainty could result in fluctuations of supply and price of imported coal and LNG.