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According to the Electricity of Vietnam, in the first quarter of 2015, while continuing comfortable operation, the Vietnamese Competitive Generation Market (VCGM)  had attracted additionally 4 power plants as Nam Chien 2, Da M’Bri Hydropower and Extended Uong Bi 1, Uong Bi 2 Thermal power plants to participate offering prices directly to the market.

Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017. Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017.

Although the competitive power generation market has operated quite smoothly, it is not an easy job to move to a competitive power trading market. Foreign experts supposed that Vietnam will still have much work to do to have a complete competitive power trading market after 2020.

Ministry of Industry and Trade (MoIT) has just issued the Decision No. 1201 / QD-BCT (dated 29/03/2016) on applying digital signature and keeping electronic documents in the power market transactions.

Deputy Prime Minister Hoang Trung Hai assigned Ministry of Industry and Trade (MoIT) to direct building and completing the design of the model of Competitive Power Bulk Market (CPBM), at the same time, with the suggestions on the restructuring of the power industry in accordance with the specific design of the Competitive Power Wholesale Market to submit to Prime Minister in June 2015.

Deputy Prime Minister Hoang Trung Hai has required Ministry of Industry and Trade (MoIT) to conduct investors of the new power plants – objectives participating in competitive power generation market to complete rapidly necessary conditions for bringing them soon in the competitive electricity wholesale market.

According to the latest statistics from Electricity of Vietnam (EVN), Vietnam has 82 solar power plants connect to power network, with total 4464 MW capacity, and it accounts about 8.28% in Vietnam electricity supply mix, which is far more than 1000MW target setting for 2020.

Cooperation relationship between Power Machines (Russian Federation) and Vietnam began more than a half century ago with the delivery of three generators for Thac Ba hydraulic power plant, which was the country's most powerful one for a long time. Then came the turn of Uong Bi and Pha Lai thermal power plants, as well as Tri An and Hoa Binh hydraulic power plants.

Ministry of Industry and Trade (MOIT) has approved the project on overall design of information technology (IT) infrastructure to service operating and supervising activities in the competitive bulk power sale market in Vietnam.

Ministry of Industry and Trade (MoIT) has issued the Decision No. 8266/QD-BCT, dated 10/8/2015 on approving detailed design for the Competitive Power Bulk Market.

On October 02, 2014, the Ministry of Industry and Trade (MoIT) issued Circular No.30/2014/TT-BTC on  regulating the operation of competitive power generation market.

The Electricity Regulatory Authority - Ministry of Industry and Trade informed that, by the end of December 2022, there are 108 power plants directly participating in offering in the competitive electricity market, with a total installed capacity of 30,837 MW, equal to about 38.8% of the total capacity of the national power system. The competitive nature in the electricity wholesale market of Vietnam has gradually expanded in scale.

On the proposal of the Vietnam Oil and Gas Group (PVN) and the Electricity of Vietnam (EVN), the Ministry of Industry and Trade (MOIT) has agreed that the thermal power plants using Block B gas will indirectly participate in the electricity market under the regulations of Circular No. 45 of MOIT Minister.