The average retail price of electricity increases 3% to 1,920.373 VND (0.082 USD) per kWh from May 4, following a decision by the Vietnam Electricity (EVN) on adjusting the electricity retail prices.

The Bo Y 220kV switching substation in the Central Highlands province of Kon Tum will receive electricity from the Nam Kong 2 and 3 hydropower plants of Laos by May 15 this year to integrate it with the Vietnamese electricity grid.

Despite Electricity of Vietnam’s (EVN) intention to increase energy rates to rebalance its budget for 2023, the status of coal-fired power does not yet seem to be declining.

Electricity demand has been growing steadily since 2021 and is expected to surpass domestic output in the short term.

 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.

 VietNamNet Bridge – It’ll take Vietnam 10 more years to develop a competitive electricity market. This period is too long for some Vietnamese, who are eager to enjoy competitive electricity prices.

 VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) must finalise all conditions that will help develop the competitive power generation market (VCGM) and get it trial-ready by 2016.

 VietNamNet Bridge – Fresh policies shall come into force in December, 2013 including the level of vocational training support for employees, three-level development of electricity market; ceiling level of deposit and labor markets,