Market liquidity declined slightly despite a positive weekly index performance, with capital flows showing significant divergence across sectors, particularly in construction, banking, and real estate stocks.
A severe and widespread heatwave is expanding across Northern, Central, and Southern Vietnam, with temperatures exceeding 40°C in some areas, leading to increased electricity demand and high risks of fires and heat-related health issues. This extreme weather is expected to persist for several days, particularly impacting the central region.
A severe and prolonged heatwave is affecting Central Vietnam with temperatures exceeding 41°C, leading to warnings of significantly increased electricity demand, heightened fire risks, and potential health issues.
Vietnam recorded its highest electricity consumption since the beginning of the year due to a widespread heatwave, reaching 51,691 MW and 1.078 billion kWh daily. While the system remains stable, continued high demand is forecasted, potentially causing local overloads and prompting calls for conservation.
The Ministry of Industry and Trade proposes significant changes to Vietnam's electricity peak, off-peak, and normal hour pricing framework, aiming to optimize grid operations and encourage efficient energy consumption. This adjustment is driven by shifts in power generation (more solar) and industrial load patterns.
Record high electricity demand in Vietnam due to heatwaves highlights the underutilization of renewable energy capacity, prompting calls for improved policy and transmission infrastructure. The article also discusses challenges for 173 transitioning renewable projects facing policy changes and cash flow issues.
A Ministry of Industry and Trade report highlights the significant challenge posed by simultaneous charging of 100,000 electric vehicles, potentially drawing 6-12 GW and straining Vietnam's power grid, especially the medium-low voltage infrastructure. Solutions include upgrading the grid, implementing smart charging, and offering off-peak electricity tariffs.
Securities companies' self-trading desks net bought 423 billion VND on HOSE during the last trading session of the week, contributing to the VN-Index's 0.77% gain for the day and 3.92% for the week. This activity saw significant buying in stocks like MWG, HPG, and MBB, while STB and VPB were among those net sold.
Northern Vietnam is entering a peak heatwave period until April 13, with other regions also experiencing prolonged intense heat, potentially increasing electricity and water demand while negatively impacting agriculture and outdoor work.