Little progress has been reported for most gas-fired power projects. Minister of Industry and Trade Nguyen Hong Dien has asked for measures to speed up project implementation.

The Ministry of Industry and Trade has approved the electricity price framework for liquefied natural gas (LNG) power plants for 2024, setting the maximum price at VND2,590.85 per kilowatt-hour (kWh), excluding value-added tax (VAT).

The Ministry of Industry and Trade has submitted the long-waited draft decree on direct purchase agreement (DPPA) to the Government for approval.

Minister of Industry and Trade Nguyen Hong Dien believes that paying zero dong to electricity to be generated by rooftop solar power systems is a reasonable policy which could prevent profiteering.

LNG-fired power is seen as a good solution to emission reductions because power plants running on LNG generate 50 percent fewer CO2 emissions than one burning coal. But production costs will be high, VND2,400-2,800/kwh.

The draft decree stipulates that buyers must be organizations or individuals using electricity for production from a voltage level of 22 kV or higher, with an average monthly consumption of 500,000 kWh.

The Ministry of Industry and Trade (MoIT) is seeking feedback on the latest draft of a Government decree on the development of self-consumed rooftop solar power.

The eighth national power development plan (Plan 8) was released many months ago, but policies to implement the plan still need supplementation and improvement.

Vietnam will issue a price framework to purchase electricity from Laos for the period after 2025 in the second quarter of this year, said Minister of Trade and Industry Nguyen Hong Dien.

The Ministry of Industry and Trade has asked the prime minister for approval to import wind power from Laos to mitigate potential electricity shortages in the northern region.

Vietnam needs an additional 19,000MW of electricity in 2023-2025 to ensure supply, according to the Ministry of Industry and Trade (MOIT).

In an effort to address financial challenges faced by Vietnam Electricity (EVN), the Ministry of Industry and Trade (MoIT) has put forth a proposal to increase electricity prices in 2024.

The Ministry of Industry and Trade’s (MOIT) proposal to raise retail electricity prices in 2024 comes amid difficulties faced by Electricity of Vietnam (EVN) and its loss of VND17 trillion last year.

The Ministry of Industry and Trade has suggested a three-month adjustment to the average price of electricity, instead of every six months as currently.

Resolution 55 on the energy development strategy clearly stipulates that Vietnam needs to remove all barriers to be sure that power pricing is transparent and determined by the market.

The government is being urged to improve the supply of electricity for production and business activities, with warnings that power shortages could continue undermining the economy’s efforts to garner new funding from abroad.

The Ministry of Industry and Trade (MOIT) has found that 24 renewable power projects want direct power purchase agreements (DPPA), while the other 17 projects are considering seeking direct buyers.

Singapore’s Energy Market Authority (EMA) on October 27 granted conditional approval to Sembcorp Utilities Pte Ltd (SCU) – a wholly-owned subsidiary of Sembcorp Industries (Sembcorp) to import wind power from Vietnam.

The Electricity of Vietnam Group (EVN) is no longer a major power producer as it has contributed only 11% of electricity to the national grid this year.