The preferential electricity purchase price of 9.35 cent per kwh expired one month ago, but the new price has not been fixed.

With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to EVN for operation.

The Ministry of Industry and Trade has called for a pilot scheme on realizing a bidding mechanism for solar power projects in 2020 prior to the official launch and widespread implementation of such bidding as from 2021.

The Ministry of Industry and Trade (MOIT) said Vietnam will have to increase the import of electricity from Laos and China.

In the two provinces of Ninh Thuan and Binh Thuan, wind and solar power plants are running at moderate level because they cannot provide electricity to the national grid.

Responding to the state’s call, private investors have poured money into renewable power projects, but problems remain.

The Vietnam Electricity (EVN) group has agreed with continuing the current feed-in tariff (FiT) rate at 9.35 US cents per kWh for rooftop solar power projects nationwide until 2021.

With 88 solar and wind power plants going to join the national grid by June, Vietnam’s renewable energy industry is taking shape.

Not much work has been done to prepare for the opening of the competitive retail market, slated for 2021. Under the PM Decision released in October 2013, the competitive electricity market will take shape in a 3-stage roadmap.

Vietnam's gas supply is forecast to fall short of demand between 2017 and 2035, therefore, which makes it necessary to develop new gas sources, build infrastructure to develop marginal gas fields or even import liquefied natural gas (LNG).

Domestic credit sources can only satisfy one-ninth of the total capital demand for renewable energy projects, which are becoming more popular in Vietnam.

Environmental protection projects in Vietnam need a fund of $753 billion. The State Bank of Vietnam has included green financing program in legal documents to drive loans to projects for sustainable development.

Vietnam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

Viet Nam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

Discussion about the recent power price hike heated up the National Assembly (NA) morning session today.

With increasingly high demand for electricity and the latest 8.36 percent electricity price spike, Electricity of Vietnam Group (EVN) and other power generation companies have seen profits soar. 

Vo Quang Lam, Vietnam Electricity (EVN) deputy director-general, talks to the newspaper Tuổi Trẻ (Youth) on upcoming changes in setting new electricity tariffs.

At noon, when the temperature reaches 37oC, the solar panels on the roof of Hoang Long’s house in Nha Be district, HCMC run at full capacity.

May 27 this year will mark 25 years since Vietnam’s first 500kV power transmission line was switched on, connecting the north and south of the country with an uninterrupted electricity supply.

While people believe that the monopoly enjoyed by EVN is the main reason behind high electricity prices, EVN affirms that prices will escalate if the company is dissolved.