Heatwave strain on Vietnam power grid could get worse, industry ministry says

A heatwave in Vietnam is already putting immense pressure on the national power grid, with the situation expected to worsen when El Nino returns from July. The news signals higher near-term electricity stress and potential disruptions for an emerging-market economy, but it is currently a broad operational risk rather than a direct market-moving event.

Analysis

A heatwave in Vietnam is already putting immense pressure on the national power grid, with the situation expected to worsen when El Nino returns from July. The news signals higher near-term electricity stress and potential disruptions for an emerging-market economy, but it is currently a broad operational risk rather than a direct market-moving event.