For many years, electricity has always had to stay “one step ahead” of the pace of economic development. No economy can accelerate sustainably when energy infrastructure lags behind.

Vietnam has officially adjusted its electricity peak-hour framework, concentrating the highest-demand period in the evening from 5:30pm to 10:30pm, as power consumption continues to surge nationwide.

As consumption exceeds expectations, Vietnam’s energy sector faces a delicate balance between rising demand and constrained generation resources.

Vietnam’s electricity demand surpasses 1 billion kWh per day, setting a new 2026 record amid early summer heatwaves.

Vietnam Electricity (EVN) has submitted feedback on a proposal by the Ministry of Industry and Trade to revise peak, off-peak and normal electricity hours as the basis for pricing.

Vietnam Electricity (EVN) has signed the loan agreement for Sub-project 1 of the LNG Quang Trach II Power Plant project with four major banks, with the total value amounting to 29.57 trillion VND (1.14 billion USD).

Despite a turbulent year, EVN posts higher-than-expected profits and recommends updates to power pricing to reflect operational realities.

From October, EVN begins piloting a two-component electricity tariff comprising capacity and energy charges. The lowest energy price is VND843 per kWh.

A lack of large-scale energy projects in the past decade, combined with regulatory gridlock and pricing caps, is threatening Vietnam’s ability to meet rising electricity demand by 2030.

Vietnam will begin testing a new electricity pricing system to optimize energy use and support industrial savings.

Whether it comes from the state budget or electricity bills, the answer is the same: electricity users, mainly households and businesses, will ultimately bear the cost.

The state utility’s unresolved deficit raises the question: how can the burden be distributed transparently and fairly among consumers?

Adjusting electricity prices only once a year causes suppressed costs to pile up, leading to a massive surge when released, with severe impact, Nguyen Tien Thoa, former director of the Price Management Department (Ministry of Finance), has said.

Vietnam Electricity (EVN) has released details about the production cost structure of electricity and the causes behind its accumulated loss of more than $1.8 billion from 2022 to 2023.

The Ministry of Industry and Trade has proposed two options to incorporate the Vietnam Electricity Group (EVN)’s loss of VND 44.792 trillion (about USD 1.83 billion) into retail electricity prices.

The CEO of Vietnam Electricity (EVN) has called for the swift implementation of a two-component electricity pricing mechanism. If fully and transparently applied, this model could eliminate cross-subsidies among different consumer groups.

After receiving the inspection conclusion and announcing key personnel dismissals and appointments, EVN Finance has decided to change its official name.

Nguyen Tien Thoa, Chair of the Vietnam Valuation Association has shared his insights with VietNamNet on EVN’s proposal to include its VND44 trillion accumulated loss in the average electricity selling price.

In its inspection report, the State Bank of Vietnam (SBV) pointed out that EVN Finance has committed multiple violations in governance and credit issuance, even exceeding lending limits. The company has continued to report strong profit growth.