Policy - Planning

Electricity of Vietnam (EVN) has just decided to adjust the average electricity retail price by VND 1,920.3732/kWh (excluding value added tax - VAT) from May 4, 2023.

The Ministry of Industry and Trade (MOIT) has just sent a document to the Ministry of Justice requesting the review the effectiveness of legal documents of the Government and the Prime Minister.

The Government Office has just announced the conclusion of Deputy Prime Minister Tran Hong Ha at a meeting on building the legal framework for renewable energy (RE) and making the draft mechanism for the pilot direct power purchase agreement (DPPA).

On the morning of December 12, in Hanoi, the Committee for Management of State Capital at Enterprises was presided over by Mr. Nguyen Hoang Anh - Chairman of the Committee. At the Conference for deploying Decision No. 1479/QD-TTg of the Prime Minister and the Plan for mobilizing resources of the groups and corporations participating in activities and projects in the program of the socio-economic rehabilitation and development, the Electricity of Vietnam (EVN) proposed to apply the market mechanism for electricity prices, as the input factors increase, the electricity prices automatically increase and vice versa in a timely manner (similar to the mechanism to adjust the gasoline prices).

On August 30, 2022, in Ho Chi Minh City, the Department of Electricity and Renewable Energy (Ministry of Industry and Trade) in collaboration with the Scientific Council of Vietnam Energy Review, the Energy Information Centre held the International conference with the object "Policies for developing the wind, solar and gas power projects in Vietnam". The conference was divided into three sessions (two morning sessions and one afternoon session).

The draft Power Planning Development VIII (PDP VIII) contains fundamental changes in the power plants to meet the Net-zero commitment. On the basis of the power plants expected to be approved in PDP VIII to supply electricity for the socio-economic development in the coming period. At present Electricity of Vietnam (EVN) is implementing scenarios for developing power plants and projects releasing power capacity under the investment promotion policies.

Never the sustainable energy issue for developing the country has been hotter than recent time. In that context, on June 17, 2022, the Vietnam Energy Association (VEA) held a conference on "Mechanisms, policies, solutions for sustainable energy development in Vietnam" in Hanoi.

On April 26, at the Government Headquarters, Deputy Prime Minister (DPM) Le Van Thanh chaired a meeting of the Appraisal Council to appraise the National Power Development Planning period 2021 - 2030, with a vision to 2045 (PDP VIII) – A national sectorial special important planning in the national sectoral planning system.

The Government Office has just announced the conclusion of Deputy Prime Minister Le Van Thanh at an online conference with localities on finalizing the National Power Development Planning for the period 2021 - 2030, with a vision to 2045 (PDP VIII).

On April 7, 2022, in Hanoi, with the participation and chair of the Committee on Science, Technology and Environment of Vietnam National Assembly, the State Bank of Vietnam, the Climate change Department (Ministry of Natural Resources and Environment), Institute of Energy (Ministry of Industry and Trade - MOIT), Vietnamese and international organizations and enterprises… Scientific Council of Vietnam Energy Review organized a Vietnam Clean Energy Forum (The Second) with the Subject: "Towards carbon neutrality - Mechanisms, policies, technology and finance for wind, solar and gas power projects" and "Awarding TOP 10 Wind and Solar Power Investors with the best Technology, Equipment and Services in Vietnam in 2021”.

On the morning of April 03, Prime Minister (PM) Pham Minh Chinh presided over a meeting on electricity supply, coal and gas supply for power generation for ensuring a ‘great balance’ of energy in 2022 and the following years.

The Government Office has just issued an announcement No 55/TB-VPCP dated February 26, 2022, the conclusion of Deputy Prime Minister (DPM) Le Van Thanh at the meeting on the completion of the national power development planning in the 2021 – 2030 period and vision to 2045 (PDP VIII).

Deputy Prime Minister Le Van Thanh - Head of the National Steering Committee for Electricity Development has just signed Decision 126/QD-BCDQGDL dated December 22, 2021 on Operational Regulations of the National Steering Committee.

The Government has just issued Decree No. 114/2021/ND-CP, dated December 16, 2021, on managing and using the official development assistance (ODA) capital and concessional loans of the foreign donors (replacing Decree 56). Government Decree 114 is an important legal basis for approving investment in O Mon 3 Thermal Power Plant, the key to solve congestion of the Block B - O Mon gas power project chain for soon starting this important gas power source.

The Government Office has just issued an Announce No 308/TB-VPCP on the conclusion of Deputy Prime Minister (DPM) Le Van Thanh at the meeting with the Ministry of Industry and Trade (MOIT) about finalizing the Power Development Planning VIII (PDP VIII).