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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).

E5 petrol producers and distributors need more State support to sell the product on the local market due to the numerous difficulties they face, the Vietnam Petroleum Association said.

The Ministry of Industry and Trade has granted permission for importing at least 8.18 million tonnes of oil and petrol products this year to 19 petroleum trading companies.

Deputy Prime Minister Tran Hong Ha has just signed Decision No. 861/QD-TTg dated July 18, 2023, approving the national planning infrastructure for reserving and supplying petrol, oil and gas (in the period 2021 - 2030, with a vision up to 2050).

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.  

On Sept.12, 2017, Ministry of Industry and Trade (MOIT) officially issued the Circular on regulation for the development planning and pattern power purchase agreement (PPA) for solar power projects.

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%...

“Oil prices reduced and maintained at a low level make a lot of difficulties for the petroleum searching, exploring and exploiting companies to deploy exploring projects; for the processing companies to compete with import products; and, specially,  for the service companies due to reducing amount of work and service cost. However, PVN still keeps the good production and business rates” Mr. Nguyen Quoc Khanh, PVN Communist Party Committee Secretary and Member Council Chairman expressed at the forth conference of the Party Executive Committee (2015 – 2020 term).

At the Mid-term Vietnam  Business Forum 2015 (VBF), with the theme "Improving the Competitive capacity of Enterprises for International Integration" was just held in Hanoi, regarding the worry before of foreign business community on the electricity shortage and supply reliability problems in Vietnam in future, Vietnamese Prime Minister Nguyen Tan Dung quieted the investors that the Roadmap of electricity prices will be evidently public in coming time. Besides, PM also confirmed, there will be no shortage of electricity and energy in Vietnam even up to 2020 or 2030.

Government Permanent members have agreed to increase the electricity prices for 7.5% from March 16, 2015.