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Seventy seven power plants are expected to directly join the electricity market in 2015, accounting for nearly 70 percent of the total capacity of the entire national power system.

The Electricity Regulatory Authority (Ministry of Industry and Trade) has just issued Decision No. 98/QD-DTDL dated December 31, 2021 on approving the plan for the electricity market operation in 2022.

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.

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.

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.

The Electricity Regulatory Authority of Vietnam (ERAV) needs to continue implementing specific regulations on the competitive electricity wholesale market to carry out a trial implementation in 2016.  

The Prime Minister has issued a Decision on the roadmap, conditions and sector structure for establishment and development of power market grades in Vietnam.

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.

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).

In Hanoi, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan had a meeting with the Australian Deputy Minister in charge of Climate Change and Energy - Jenny McAllister. At the meeting, the two sides witnessed the signing ceremony of the "Memorandum of Understanding on Cooperation to promote the development of a competitive electricity market" between the Electricity Regulatory Authority and the Australian Embassy in Vietnam.

The Ministry of Industry and Trade (MOIT) has just issued Circular No. 42/2022/TT-BCT stipulating the inspecting the electricity activities and electricity use and solving the disputes in the trading electricity contracts. The Circular clearly stipulates the competence and sequence of the Electricity Regulatory Authority (MOIT) and provincial Departments of Industry and Trade for solving disputes in trading electricity contracts (The Circular takes effect from February 16, 2023).

The General Director of Electricity of Vietnam (EVN) has just issued Decision No. 353/QD-EVN dated March 17, 2021, on regulating electricity services in EVN Group (for short as Decision 353), effective from April 01, 2021.