Update news EVN

MOIT proposes electricity price hike in 2024

The Ministry of Industry and Trade’s (MOIT) proposal to raise retail electricity prices in 2024 comes amid difficulties faced by Electricity of Vietnam (EVN) and its loss of VND17 trillion last year.

PM requests uninterrupted power supply in all circumstances

Prime Minister Pham Minh Chinh voiced an imperative to ensure a consistent and uninterrupted power supply in all circumstances during a working session with the Vietnam Electricity (EVN) on January 13.

EVN to buy electricity from 26 hydropower plants in Laos

Electricity of Vietnam (EVN) has signed 19 contracts with investors on importing electricity from 26 hydropower plants in Laos with a total capacity of 2,689MW.

EVN aims to import wind power from Laos at VND1,700/kwh

Electricity of Vietnam (EVN) has proposed that the Ministry of Industry and Trade (MOIT) submit to the Prime Minister a plan on importing electricity from Truong Son wind power plant in Laos and building more transmission lines to serve the import.

Fuel imports put electricity prices under pressure

A number of countries, including Vietnam, have been facing sharp coal, oil and gas price increases over the last two years.

Electricity generators want to sell directly to consumers, not via EVN

The Ministry of Industry and Trade (MOIT) has found that 24 renewable power projects want direct power purchase agreements (DPPA), while the other 17 projects are considering seeking direct buyers.

No more electricity monopoly, EVN holds 37% of total system capacity

The Electricity of Vietnam Group (EVN) is no longer a major power producer as it has contributed only 11% of electricity to the national grid this year.

Reprimands proposed for former EVN chairman and five officials

The Commission for Management of State Capital at Enterprises has proposed reprimands for six officials of Việt Nam Electricity (EVN).

EVN leaders face discipline over recent power outages

The Commission for the Management of State Capital at Enterprises (CMSE) has recommended reprimanding the leadership of Vietnam Electricity Group (EVN) for the power outages that hit northern Vietnam early in the summer this year.

Legal framework insufficient to assign EVN to develop offshore wind power

The Prime Minister has asked that the Electricity of Vietnam (EVN) and Vietnamese enterprises develop offshore wind power on a trial basis, but the Ministry of Industry and Trade (MOIT) says there is insufficient legal foundation to do this.

EVN's losses mainly attributed to high input prices

High input prices were a major contributor to Vietnam Electricity (EVN)'s financial loss, according to the Department of Electricity Regulatory under the Ministry of Industry and Trade (MoIT).

Electricity regulatory unit leaves EVN with $2 million debt

The State Capital Management Commission (SCMC) has sent a document to the Ministry of Planning and Investment (MPI) showing its view about the splitting of the National Load Dispatch Centre (NLDC) from Electricity of Vietnam (EVN).

EVN proposes increasing electricity import from Laos

Due to the risk of an electricity undersupply in 2025, EVN has proposed importing more electricity from Laos.

Vietnam Electricity Group incurs further losses so far this year

Vietnam Electricity (EVN) has recorded losses of $1.21 billion in the first eight months of this year, adding to last year's woes.

EVN fears loss of millions of dollars when selling electricity to Laos

Replying to the suggestion on bilateral clearing of electricity volume bought and purchased between Vietnam and Laos, Electricity of Vietnam (EVN) said that no legal basis exists to implement this kind of solution.

Will new pricing scheme lead to dramatic electricity retail price hike?

The Ministry of Industry and Trade’s (MOIT) draft decision on adjusting average electricity prices includes information on whether losses incurred from electricity production activities will be counted when calculating retail prices.

Adjusting electricity price every three months reasonable: EVN

EVN says that when electricity production cost decreased by 1 per cent or more, the average electricity retail price would be reduced at the...

EVN okays proposed quarterly electricity tariff adjustment

Vietnam Electricity Group (EVN) has endorsed a proposal for a new electricity tariff adjustment mechanism.

EVN requested to handle solar power projects due to incorrect pricing

The Ministry of Industry and Trade (MoIT) asked VN Electricity (EVN) to propose economic solutions for 14 solar power projects enjoying the incorrect FIT pricing mechanism.

Government urges EVN to complete electricity pricing mechanism

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.