Vietnam's Ministry of Industry and Trade has proposed taking over the state's ownership oversight of national power utility EVN as the country races to expand electricity supply through 2030.

Hanoi households could receive subsidies for rooftop solar and batteries, while national regulators are considering a new approach to solar power pricing that better reflects local conditions.

Rooftop solar is gaining momentum across northern Vietnam, with more than 13,000 customers installing systems as several provinces roll out financial support.

Minister of Industry and Trade Le Manh Hung has signed a decision establishing a task force to develop a power sector restructuring plan aimed at supporting a competitive electricity market at different levels.

The Ministry of Industry and Trade's proposal to apply electricity tariffs based on peak and off-peak hours for certain households has sparked widespread debate.

Many households reported that their June electricity bills surged, with some even doubling compared to May. The power company EVN said prolonged hot weather and students being at home on summer break has caused electricity consumption to increase.

EVN has just announced a consolidated post-tax profit of nearly VND52,000 billion, the highest mark in its operational history.

The National Power System and Market Operation Company (NSMO) says that shifting peak electricity hours delivers significant economic benefits.

Vietnam Electricity (EVN) reported a profitable 2025, with average annual employee income at its parent company reaching VND479.219 million (about USD18,430) per person.

The debate over battery storage is becoming central to Vietnam's energy transition as policymakers weigh higher investment costs against long-term grid benefits.

The utility argues that while battery storage raises investment costs, its effectiveness for large-scale solar projects remains insufficiently defined.

Despite reporting strong profits in 2025, EVN parent company has accumulated losses. Nguyen Tien Thoa, chair of the Vietnam Valuation Association, said current conditions are not yet sufficient to justify a reduction in electricity prices.

EVN’s record profit of nearly VND52 trillion in 2025 has sparked debate over what drove the sharp earnings increase and whether consumers could expect lower electricity prices in the coming years.

EVN’s near-USD2 billion profit in 2025 has prompted fresh questions over whether electricity prices could eventually decline.

Vietnam Electricity Group (EVN) posted its strongest financial performance in years in 2025, eliminating accumulated losses while explaining why it continues to hold billions of dollars in bank deposits.

Vietnam Electricity (EVN) has directed its regional power corporations to roll out a coordinated package of measures to maintain safe, stable supply while bolstering customer service and pushing energy conservation as temperatures soar.

A draft amendment to Vietnam’s Electricity Law could pave the way for the recovery of nearly VND45 trillion in losses accumulated by state utility EVN during the energy crisis years.

The Ministry of Industry and Trade has issued a directive requiring Vietnam Electricity (EVN) to apply retail electricity tariffs for data centers in accordance with existing regulations.

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.