If you are a technology lover and want to remain updated about the latest inventions, you have come to the right point. In this article, we will learn about the tech evn – the latest. It will be a complete package for you to collect all the essential news of the latest inventions of Vietnam electricity.
What is EVN?
EVN stands for Electricity of Vietnam. It is the largest power company in Vietnam. Its role is to generate electricity, its transmission, and distribution in the country. It is a state-owned company started in 1994. Since then, it is fulfilling the need for electricity in the country.
It has its own large hydropower and coal fire plants, with a capacity of 28,169 MW. So it contributes and generates electricity for 58% of the national power generating system. It used to enjoy a monopoly in the country, but now it depends on different oil and gas companies. They only have 37.6% of the country’s installed capacity of 80,000 megawatts. It is the only buyer of electricity from private power plants.
About:
| Company name | Electricity of Vietnam |
| Type | State owned |
| Industry | Electricity |
| Established | 1994 |
| Headquarter | Hanoi, Vietnam |
| CEO | Tran Dinh Nhan |
Journey of EVN:
EVN has a rich history of starting new projects for electricity production. Undoubtedly, it has played a very significant role in developing the country’s infrastructure. It has devised many programs such as The Vietnam Rural Electrification Programme, The Borgen Project, and Vietnam Low Emission Energy Program II Power Development Plan 8.
In the coming years, it has embraced many electrical advancements into the system, like innovative grid systems and digital innovations to improve customer service.
Now, as it does not enjoy a monopoly in electricity generation, the retail price is not decided by the EVN but by the government. This is making it suffer loss. Last year, the rate of electricity production was increased to 9%, but the government allowed it to increase the price by 3%, which is losing EVN.
Tech EVN-latest :
Tech EVN – latest is a new dynamic to measure the latest technology in the field. EVN is set to launch and introduce recent technological advancements in the field of electricity. They are working on shifting it into digital systems, and by 2025, they will be entirely digitized.
It has aimed to enhance its electricity safety system, stability, and customer service. Besides this, it is entirely focused on its new project of launching in-house automated products to support the ‘Make in Vietnam” motto.
They are introducing a three-phase electricity gauge, EVN electric vehicle charger, and the intelligent remote fault indicator (SRFI). Its other tech advancements include OMS ( outage management system), Remote data collection software named EVNHES, and load dispatch digitization project.
Goals of EVN to achieve :
Tech EVN – latest has set specific goals to achieve as per their technological advancements. We will analyze their goals to check the improvements they want to achieve.
- Digitalization 2025
By the end of 2025, they have planned to develop into a complete digital system. They will also digitize their whole working and transmission of electricity to compete in the technology world.
- Automation innovations
EVN has been very active in bringing innovations in automation. It includes the uses of SCADA( Supervisory Control and Data Acquisition) and EMS (Energy Management System). It will improve its operations, maintenance, and repair process.
- Customer service
It also aims to have the best quality of customer service. Its goal is to achieve top three ranking in providing the best customer service. Thus, it is bringing more professionalism and betterment in the technology sector.
- Digital Transaction
They are following the online transactions payments. The users feel more comfortable paying online rather than the physical payments. 80% of the customers use digital transactions and consider it an easy factor in their lives.
- Energy portfolio
We find very balanced equations when we look into the energy combinations of electricity production.
| Hydropower | 29.9 % |
| Coal fuel | 47.4% |
| Gas fuel | 10.6 % |
| Renewable energy resources | 11.3% |
| Others | 0.6% |
- Sustainability
Tech Even – latest is focusing on improving sustainability in all its services. From production to service quality, from bringing modernization to putting core values, sustainability is always a significant factor to embrace. If one shows continuous efforts and maintains its position, it can move towards more innovations.
- Rational power system
They have developed a roadmap till 2045. According to this, they will make EVN combined with renewable energy sources on a large scale. It plans to invest in power systems and grids for better electricity production, transmission, and distribution. It will also be a significant factor to contribute to sustainability as well.
What is next to come?
A lot is coming in the technological works, adding new dimensions in every field. Working with new tech innovations to strive in the market will become necessary. Some of the innovations that will set new bars are:
Artificial intelligence :
AI and ML( machine learning) are now essential growth elements. They can work fast, give innovative ideas, perfect the working of instruments, and excel in every field, including electricity and vehicles.
Quantum Frontier:
The machinery has been shifted from traditional computers to quantum ones. It is going to reshape cryptography, simulations, and coding.
Biotechnology :
Innovations in biotechnology have changed the course of healthcare, medicine, agriculture, and the environmental field.
Virtual reality:
It allows the user to enjoy real-life experiences, which we call virtual reality. It is one of the most popular games in the world. But now it is also going to benefit other fields as well.
High-speed connections :
It is the world of wireless connections and devices enabling the users to use in every walk of life. New 5G connections will allow you more speedy connections than ever.
Facts about EVN and Vietnam :
Electricity of Vietnam is the largest power company in Vietnam.
It was recognized as a “Top Industry 4.0 Enterprises” worldwide.
According to the World Bank report, all the residents of Vietnam have access to electricity.
Vietnam has 45 million motorbikes in the country.
Vietnam is still one of the five communist countries in the world.
