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The Minister of Industry and Trade has just issued a Decision approving the coal price framework and electricity generation price framework in 2023. Accordingly, the coal price is 1,808,000 VND/ton, the electricity generation price framework for coal-fired power plants is 0 - 1,559.70 VND/kWh and the electricity generation price range for hydropower plants is 0 - 1,110 VND/kWh (the above price framework does not include value added tax (VAT) and other related taxes and costs).

At the online briefing meeting for executing production in April 2017, Mr. Dang Thanh Hai, Vinacomin CEO asked the subsidiaries to actively work with power customers for agreeing to regulate reasonable coal prices, strengthen management of resources and product quality, and reduce the rate of losses in mining by 5%...

Electricity of Vietnam (EVN) has just sent an official dispatch to the Prime Minister to report on applying the prices for mixed coal as proposed by the Vietnam National Coal and Mineral Industries Group (Vinacomin) and the Northeast Corporation that leads to add 1,498.06 billion VND to electricity purchase costs in 2019, of which from mixed coal of Vinacomin is 1,062.89 billion and from mixed coal of Northeast Corporation - 435.17 billion.

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 May 9, Mr. Tran Dinh Nhan, General Director and Mission of Electricity of Vietnam (EVN) and worked with Vinacomin leaders in Hanoi and Coal Northeast Corporation (CNC) in Quang Ninh, on coal supply for power generation, especially in the peak hot months of 2023.

On March 3, 2023, at the headquarters of the Ministry of Industry and Trade (MOIT), Minister Nguyen Hong Dien chaired a meeting with the leaders of Electricity of Vietnam (EVN), Vietnam Oil and Gas Group (PVN), and Vietnam National Coal - Mineral Industries Holding Corporation Limited (TKV), Power Generation 1, Power Generation 2, Power Generation- 3 Joint Stock Company, TKV Power Company, PVN Power Company, Northeast Coal Corporation; Ninh Binh Fertilizer Single Company Limited, Ha Bac Fertilizer and Chemical Joint Stock company and a number of the coal-fired thermal power plants on the coal supply and coal import for electricity and nitrogen fertilizer production.

At the conference to review the plans in 2016 of Ministry of Resources and Environment, the Vietnam Geology and Mineral Department informed “At present, there have been identified 55 coal strata placed in 5 stratum groups from the surface to the depth of 1200 meters in mainland part of the Red River coal basin”.

Vietnam National Coal and Minerals Industries Holding Corporation Limited (Vinacomin) speeds up to perfrm the coal export contracts to rapidly release high-quality coal dust and lump coal in stock.

A conference to agree and sign a cooperation agreement between Vietnam National Coal and Mineral Industries Group (Vinacomin), South East Coal Trading Company (SECTC – Dong Bac Corporation) and Electricity of Vietnam (EVN), on long-term coal supply for Thermal power plants using anthracite coal in EVN has just taken place in Hanoi.

The recent gas price increase  would lead to Vietnam’s gas-fired power plants’ fear of a sharp hike in their production costs in the coming period.

Minister of Industry and Trade Vu Huy Hoang underlined the Ministry of Industry and Trade (MOIT)’s opinion that electricity and petroleum prices must be publicized and transparent on a Vietnam Television Q&A session on May 11.

Deputy Minister of Industry and Trade (MoIT) Do Thang Hai informed: "The Ministry of Industry and Trade has just reported to the Government that our country with a shape of S letter spreading more than 1.6 thousand kilometers, so it is not suitable if solar electricity set by one price only but applied by the regions with  different solar radiations”.

Implementing periodic targets assigned by Ministry of Industry and Trade (MOIT) in the Direction No 11 dated at 22/4/2014 on strengthening publicity and transparency in electricity and gasoline businesses, the Electricity Regulatory Agency of Vietnam (ERAV) has just haven an official document to inform basic input parameters of the electricity prices in 2016, and avoided cost tariffs and electricity generation price frameworks in 2017.

Power prices will increase by an average of 8.36 percent at the end of this month, said Deputy Minister of Industry and Trade Hoang Quoc Vuong on March 5.  

The Electricity of Vietnam (EVN)’s wholesale electricity prices sold to its power corporations in 2016 would be increased by two to five percent over last year.