Vietnam to sell power plants to fund new projects, ease debt

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The Southeast Asian country faces constraints in its state budget and high public debt. FMTNews Vietnam Debt

Vietnam will have to battle severe power shortages from 2021 as demand outstrips construction of new power plants.

State-owned Electricity of Vietnam and the government’s Commission for the Management of State Capital at Enterprises are drafting the plans for the sales, according to a report in the Kinh Te Saigon newspaper. The report did not provide further details on the plans, but said they were in line with EVN’s development strategy through to 2030.The Southeast Asian country faces constraints in its state budget and high levels of public debt, which stood above 56% of its gross domestic product at end-2019.

 

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