The Vietnamese government has requested that the MoIT amend and supplement the mechanism for adjusting the average retail price of electricity and the structure of the retail electricity tariff.

The Ministry of Industry and Trade (MOIT) has conducted research on a pilot DPPA (direct power purchase agreement) scheme which would allow consumers to buy electricity directly from power-generating units instead of through EVN.

Vietnam Electricity (EVN) has proposed to the Government to increase retail electricity prices to ensure a balance in its production and business operations, just three months after the first increase in May.

Vietnam Electricity (EVN) Group and Germany’s KfW Development Bank on July 26 discussed a loan agreement for Tri An Hydropower Plant Expansion Project, expecting to sign the deal in November.

A detailed audit by Vietnam's Ministry of Industry and Trade has revealed severe delays across state-owned Electricity of Vietnam's power generation and grid projects, calling for urgent action to resolve the country's power shortage crisis.

State officials and experts agree that it is necessary to determine electricity prices in accordance with the market and ensure transparency and healthy competitiveness in the electricity market.

For scheduled projects and the electricity generation workload, the total investment capital for 2021-2030 is estimated to be $113.3-134.7 billion.

Vietnam Electricity (EVN)’s unbalanced operations and slow investment in power sources and grids caused power shortages in the dry season, the Ministry of Industry and Trade (MoIT) announced on Wednesday.

In its recently audited financial report, the Vietnam Electricity (EVN) announced a loss of VND20 trillion, attributing it to the acquisition of electricity at costs exceeding its selling prices.

Northerners sighed with relief after hearing that the water level in hydropower reservoirs had increased and the electricity shortage had been solved. But they were warned that the problem won’t be truly settled for at least two more years.

Commenting about the draft on rooftop solar power submitted by the Ministry of Industry and Trade (MOIT), the Ministry of Planning and Investment (MPI) says the tentative mechanism won’t encourage the development of green power as expected.

The state encourages all economic sectors in Vietnam and overseas to make investments in the power sector. However, the country is still suffering from electricity outages.

Yesterday afternoon, the Electricity of Vietnam (EVN) rejected the information of a shortage of 1 million tons of coal for thermal power that has gone viral in the media.

EVN has temporarily suspended Mr. Nguyen Duc Ninh from his position as the Director of the National Load Dispatch Center to support specialized inspections in the management and operation of electricity supply.

Building a competitive retail electricity market, where Electricity of Vietnam (EVN) is no longer the only buyer and seller, is the path that Vietnam has to choose. However, there are still challenges ahead.

Electricity of Vietnam have admitted its thermal power plants in the northern region are short of one million tonnes of coal during June and July, causing difficulties in power supply.

Vietnam's power giant EVN has explained the reasons behind its purchase of electricity from neighbouring countries rather than from renewable energy facilities at home.

The Electricity of Vietnam (EVN) said that its bank deposits of tens of thousands of billion dong should be considered at the same time with the short-term debt balance of VND60,045 billion of the power corporations.

Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached.

Electricity of Vietnam (EVN), the Ministry of Industry and Trade (MOIT), provincial authorities and investors all have responsibility for renewable energy projects connected with the national grid.