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The Ministry of Industry and Trade (MOIT) has approved the wholesale price framework of Electricity of Vietnam (EVN) for the power corporations in 2018.

The Prime Minister has just issued a decision on the average retail electricity price(excluding value-added tax) as follows: The minimum average retail price of electricity is 1,826.22 VND/kWh; The maximum average retail price of electricity is VND 2,444.09/kWh (Decision No: 02/2023, dated February 3, 2023).

On April 4, 2018 in Hanoi, was held a talk between the Minister of Industry and Trade Tran Tuan Anh and Minister of Energy and Mines of Laos Khammany Inthirath on continuously implementing measures to strengthen cooperation in the energy and minerals between the two countries, especially to unify plan for carrying out the cooperation documents in energy sector signed in the 40th session of the Inter-governmental Committee on bilateral cooperation between Vietnam and Laos.  

The Electricity of Vietnam (EVN) has just issued a document to request the Electricity Power Trading Company (EPTC) to calculate and develop a power generation price framework for the wind and solar power projects according to the method of developing a power generation price frame of the Ministry of Industry and Trade (MOIT).

The Ministry of Industry and Trade (MOIT) has just completed the draft Circular stipulating the method of developing the power price framework to obtain the comments. (Currently, the draft Circular is being publicly posted on the Government Portal and some official websites).

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).

The competitive electricity wholesale market in Vietnam is expected to begin official operations this coming January following a year-long pilot program, opening the field to additional business investment.

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.  

At March 15, 2019 afternoon, in Ho Chi Minh city, Vietnam Petroleum Group (PVN) and Malaysia National Petroleum Company (PETRONAS) held the ceremony for signing the framework agreement (HOA) on added gas purchase for Ca Mau area – Vietnam.

From the viewpoints of many experts, Vietnam is among the most dynamic developing region of the world.

Ministry of Industry and Trade (MOIT) has issued Decision No 5107/QD-BCT on regulating the framework of electricity prices from thermal and hydrological power plants in 2017, according to which, the ceiling price level (without VAT) of coal-fired thermal plant is calculated by parameters of fuel used for power generation and the ceiling price level (without Royalties, forest environmental service fees and VAT) of hydrological plant is 1070 dong/kWh.

In Ho Chi Minh City, Vietnam Gas Corporation (PV GAS) with Jadestone Energy Petroleum Company - JSE (United Kingdom-UK) and Vietnam Oil and Gas Group (PVN) have just signed a gas trading framework agreement of Nam Du - U Minh gas field.

Deputy Prime Minister Tran Hong Ha has just requested the Ministry of Industry and Trade (MOIT) to urgently modify and supplement Circular No. 15/2022/TT-BCT dated October 3, 2022, and Decision No. 21/QD-BCT dated January 7, 2023, on the framework of electricity generation prices for the transitional solar and wind power plants.

The Electricity of Vietnam (EVN) has just sent a document to the Ministry of Industry and Trade and the Electricity Regulatory Authority on establishing a framework for electricity prices of transitional solar and wind power projects.

The State-run EVN plans to increase the power price by 9.5 per cent next year, from VND1,508.85 ($0.07) per kWh to VND1,652.19 ($0.072) per kWh. A plan for the increase will be submitted to the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT).