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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 Vietnam Energy Review would like to update the status for accepting documents, negotiating and approving results of electricity prices, signing power purchase agreement (PPA), checking and taking over the transitional renewable energy (RE) projects on the morning of July 26, 2023 by the data of Electricity of Vietnam (EVN) for reader’s reference.

The Ministry of Industry and Trade (MOIT) has just sent a document to the Ministry of Justice requesting the review the effectiveness of legal documents of the Government and the Prime Minister.

The Ministry of Industry and Trade (MOIT) has just required Electricity of Vietnam (EVN) to urgently coordinate with the investors of the transitional wind and solar power projects to unify the electricity prices before March 31, 2023.

The Electricity and Renewable Energy Department (Ministry of Industry and Trade - MOIT) has just issued a written document to the Vietnam Energy Association (VEA) on the petition about “Extending the FIT mechanism for the wind and solar power projects” (according to the Paper No. 2040/ PC-VPCP dated December 7, 2020, from the Government Office to the MOIT).

According to forecasts, the wind and solar power sources in Vietnam will increase sharply in the period of 2021-2023 to compensate for the electricity shortage due to delayed thermal power projects and By 2025, the total capacity of these sources will reach over 20,000 MW.