In March 2023, Hengfengyou Electric successfully delivered six 35kv dry-type transformers exported to Vietnam, helping ETE at the 2023 Vietnam International Power Equipment and Technology Exhibition

Hengfengyou Electric announced that in March 2023, 26 SCB10-35kv-1000kva epoxy resin cast dry-type transformers exported to Vietnam were successfully delivered, which also injected new impetus into the upcoming 2023 Vietnam International Electric Equipment and Technology Exhibition (ETE).

According to James, the sales manager of Hengfengyou Electric, these 26 35kv SCB10-1000kva dry-type transformers will be used for the upgrading and expansion of power facilities in Vietnam. The successful delivery of this export order not only demonstrates the strength and competitiveness of Hengfengyou Electric Export Company in the field of dry type transformer technology, but also proves the influence and position of China's power equipment manufacturing industry in the international market.

 

 

In recent years, as a large number of traditional Chinese factories have been transferred to Vietnam, a large number of international orders have poured into Vietnam. At the same time, Vietnam's strong industrialization process has driven the demand for energy and electricity. Vietnam has become one of the fastest growing energy import markets in Asia. As for the 35 kV distribution transformers in power transmission and distribution equipment, the import volume has increased significantly. Due to the lack of epoxy resin dry-type transformer production lines in Vietnam, it is basically necessary to import them from China.

 

The Vietnamese government expects electricity demand to grow by 10% to 12% annually over the next decade, making it one of the fastest growing countries in Asia in electricity consumption.

 

 

What are the market opportunities for the power transmission and distribution industry? James, Sales Manager of Hengfengyou Electric's Foreign Trade Department, believes that there are four main types of opportunities:

 

1. Consulting and engineering services, project management

 

2. Installation and construction services

 

3. High, medium, and low voltage transmission and distribution electrical equipment of the State Grid

 

4. Medium and low voltage electrical equipment for industrial, institutional, and household users.

 

 

What professional exhibitions are there to explore the Vietnamese electricity market? Hengfengyou Electric James shares with you the ETE exhibition information of Vietnam International Power Equipment and Technology Exhibition:

 

ETE is an important exhibition in the field of power equipment and technology in Vietnam, gathering outstanding products and technologies from leading global power equipment manufacturers and technology companies. It is an important platform to showcase the latest development trends and technological innovation in the power industry.

 

 

 

1、 Basic information of the exhibition:

 

Exhibition time: July 19-21, 2023

 

Exhibition location: Saigon Convention and Exhibition Center (SECC), Ho Chi Minh City (HCMC)

 

Supporting agency: Ho Chi Minh City People's Committee of the Ministry of Industry and Trade

 

Organizer: Ho Chi Minh City Ministry of Industry and Trade

 

Organizer: C.I.S Vietnam Advertising and Exhibition JSCHCMC Support Industry Development Center

 

Domestic co organizer and main sponsor: Ho Chi Minh City Electric Power Company (EVN HCMC)

 

(Vietnam Electric Power Exhibition) 2023 ETE

 

 

 

2、 Background of Vietnam's electricity market:

 

1. Geographic location:

 

Vietnam is located in the east of the Indochina Peninsula, bordering Guangxi and Yunnan of China to the north, and Laos and Cambodia to the west; The east and southeast are bordered by the South China Sea.

 

2. Economic structure:

 

Vietnam is a traditional agricultural country with a weak industrial foundation, mainly relying on investment to drive growth, and technological innovation has not contributed significantly to economic development. In recent years, Vietnam has implemented a reform and opening up route with significant results, but the overall national economy is still operating at a low level.

 

Vietnam's medium - and long-term economic outlook remains optimistic, but there are also risks. Currently, Vietnam has a high fiscal deficit, slow economic structural reform, and a lingering problem of bad debts, which may pose risks to future macroeconomic stability and growth.

 

3. Tariff level:

 

The electricity price for Vietnamese residents is 0.049-0.107 USD/kWh; The price of industrial and commercial electricity is 0.026-0.13 USD/kWh.

 

 

 

3、 Exhibition Introduction:

 

In the process of industrialization and modernization, Vietnam should pay attention to the requirements of sustainable development and green growth, with the goal of mitigating and adapting to climate change. At the 26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), held in Scotland in November 2021, Viet Nam committed to achieving the goal of achieving carbon neutrality by 2050. This is not only a huge challenge, but also a huge opportunity for Vietnam to develop green electricity in the future.

 

According to Vietnam's National Electricity Development Master Plan VII, Vietnam's electricity demand will achieve an encouraging annual growth rate of 9% by 2025 and 8% by 2030. James, Sales Manager of Hengfengyou Electric Foreign Trade Department, said that the plan has created enormous opportunities for domestic and international enterprises in the electrical equipment manufacturing industry. In addition, according to Decision No. 48/2008/QD-BCT of the Ministry of Industry and Trade, by 2025, Vietnam's electrical equipment manufacturing industry will continue to invest and develop to meet 70% of the domestic demand for transmission lines and substations, as well as 55% of the demand for electric motors and some ordinary generators.

 

Over the past 14 years, the Vietnam ETE and Enertec Exposition has been a practical event that helps Vietnamese and international companies meet and communicate in the electrical equipment and energy industries, strengthen trade promotion, attract investment, technical cooperation, expand production and business, and contribute to ensuring national energy security.

 

 

 

4、 Exhibit Scope:

 

Power generation equipment and systems: power generation equipment; alternator; Power station; Inverter; Water and electricity; Combustion chamber; compressor; Uninterruptible power supply UPS; Battery; High voltage, medium voltage, and low voltage electrical equipment; Mechanical and electrical equipment packages for hydroelectric power plants.

 

Power transmission systems and equipment: transmission system equipment; Transmission tower; Substation; Wire and cable; Electrical conductors and insulating materials; Power distribution, automation technology and solutions; Air conditioning and ventilation systems, etc.

 

Intelligent electrical technology and equipment: fuses; Automatic circuit breaker; Inductive switch; Sensor; Intelligent sensor; Plug and socket.

 

Lighting technology and equipment: LED lights, decorative lights; Urban lighting equipment; Industrial lighting equipment; Special lamp; High tech agricultural lamps.

 

Building automation and control technology: access control equipment; Soft starter and variable speed drive; Sensors and room units; Power supply protection devices and fire and explosion proof equipment; Security solutions and fire protection.

 

Industrial automation and control: factory automation solutions; Warehouse management solutions; robotics; Motion controller; Application of the Internet of Things in machine equipment monitoring; Contactors (magnetic starters) and protective relays; Fault recorder in power plant and power grid; Measuring equipment.

 

Civil electrical equipment: various electric fans; air conditioner; Water pump; Heater; Kitchen appliances; Civil power maintenance and repair equipment; Electrical materials and safety equipment; Electrical spare parts and accessories, etc.

 

Renewable energy and green energy: solar energy, wind energy, biomass energy, biology; Solar panels; Solar lamp; Solar inverter; Gas, steam, and wind turbine engines; solar heater; Biogas generator using biogas; Wastewater treatment; Environmentally friendly and easily reusable building materials.

 

Energy and Power Services and Solutions: Energy Audit; Electrical inspection and testing services; Mechanical and Electrical Contractor (M&E); EPC general contracting services; ESCO Solutions; Rent the roof of the factory, install solar panels with solar loans; Hybrid system solutions; Water pump; Solar grid integration; Provide consultation, power survey and construction; Solar energy installation consultation.

 

 

 

Looking ahead, Hengfengyou Electric believes that China's power equipment manufacturing industry will

 

Continue to maintain strong technical strength and market competitiveness, continuously promote the integration and collaboration of China's and global power equipment industry chains, and inject new impetus and vitality into the development of the global power industry.

 

*The above information is compiled by Hengfengyou Electric. For more information on the Vietnamese electrical industry, please visit the official website of Hengfengyou Electric (www.hengfengyou. com).