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

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.

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.

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.

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.