Venue: Ho Chi Minh City, Vietnam.
Exhibition time: September 4-6, 2024.
Exhibition cycle: once a year.
China General Administration**: Guangzhou Baisheng Exhibition Services***
Exhibition Introduction
The Vietnam Electricity Show deals with issues such as power generation, transmission and distribution, renewable energy, and showcases a wide range of products from the energy industry. **Visitors can speak directly with producers at the show and get effective first-hand information. In addition, the show is a great opportunity to make business contacts. The Vietnam Electricity Show will be held in Ho Chi Minh City for 3 days from Wednesday, September 4 to Friday, September 6, 2024.
The Vietnam Power Show was held in Ho Chi Minh City, Vietnam, at the Saigon Exhibition and Convention Center (SECC) located at 799 Nguy N V N Linh Street in the same city. Vietnam Electricity & Power Exhibition by appointment with domestic and international exhibitors for energy, electricity, and other ** exhibitions in the field of energy.
Market analysis
In recent years, Vietnam's economic development has been relatively rapid, and the demand for electricity has increased significantly, with an average annual growth rate of 134%, and it is estimated that demand will increase from 24% to 42% in 2020-2050. To meet the country's electricity demand, EVN plans to invest US$5 billion annually to build 74 power stations, including 48 large hydroelectric power plants, 17 large coal-fired thermal power plants, 5 large gas-fired thermal power plants, 2 nuclear power plants and 2 renewable energy power plants.
As one of the high-speed developing countries in Southeast Asia, Vietnam is facing energy challenges. The country's electrification demand is expected to grow by 10-12% annually until 2030. At the same time, the national target is to reduce greenhouse gas emissions by 9% by 2030, reducing carbon emissions by 56.38 million tons. Due to climate change, Vietnam is suffering from severe disasters such as abnormal floods, droughts, rising water levels, extreme weather, disasters, etc. This has had a serious impact on the country's sustainable development goals. Targeted funding to ensure that everyone has access to electricity and that the right path to electrification will be a priority at the national level in the coming period.
The power industry is considered to be the main industry for social and economic development. Especially in Vietnam, where there is a high degree of industrialization and urbanization, the development of high-tech agricultural production, aquatic processing and other fields has accelerated the demand for electricity capacity. As a result, the industry has also attracted significant investment from domestic and foreign companies. In 2022, Vietnam's overall power system** capacity reached about 77,800 MW, an increase of nearly 1,400 MW from 2021. Among them, new energy is 20,165 megawatts, accounting for 264% of the total electricity output. This scale ranks first in Southeast Asia. In addition, power generation and imports were 268.4 billion kWh, an increase of 5 compared to 202126%。
Part of Vietnam's northern electricity needs can be met by importing from China and Laos, but there is not enough energy to meet Vietnam's growing demand except for a single 110kV transmission line connecting Quang Ninh, Vietnam, and Fangcheng Port, China, since 2021. The construction of other transmission lines between Vietnam and neighboring countries will take several years.
Vietnam is considering building a 500kV transmission line to connect the grid between the energy-scarce northern region and the energy-surplus central region of Vietnam, which has far fewer power-intensive factories. Still, the huge cost will require Vietnam** to allocate financial resources over a period of several years to complete, Zhou said.
At the same time, the increase in electricity demand has exacerbated the shortage of electricity**. Citing official figures, Zhou said electricity consumption in northern Vietnam grew by 11-12% annually in 2022, while electricity** grew by only 5% over the same period, especially amid the expansion of EMS** players such as Foxconn, Inventec and Quanta in their production capacity in the region.