Search

The State-run EVN plans to increase the power price by 9.5 per cent next year, from VND1,508.85 ($0.07) per kWh to VND1,652.19 ($0.072) per kWh. A plan for the increase will be submitted to the Electricity Regulatory Authority of Vietnam under the Ministry of Industry and Trade (MoIT).  

The Prime Minister has just issued a decision on the average retail electricity price(excluding value-added tax) as follows: The minimum average retail price of electricity is 1,826.22 VND/kWh; The maximum average retail price of electricity is VND 2,444.09/kWh (Decision No: 02/2023, dated February 3, 2023).

The Ministry of Industry and Trade (MOIT) has just issued a document for agreement with the proposal of Electricity of Vietnam (EVN) on continuing to receive and deal with requirements about the electricity sale from the rooftop solar power projects (SPPs).

The electricity price was adjusted on June 1 in favor of individual and organization consumers, with the average price (VND1,508.85/kWh) kept unchanged.

According to Vietnam Oil and Gas Group (PVN), it is not feasible to buy oil with “bottom price” because we do not yet have mechanisms and policies on risks for this activity (buying oil at “bottom price” leads to losses). On the other hand, at present, in Vietnam there are no national oil reserve depots, while the crude oil storages of Dung Quat and Nghi Son refinery plants can only meet production needs of these plants. It is also not feasible to rent an oil tanker (at least at this time), because of difficulty of our financial potential.

The Prime Minister has just issued Decision 08/2020/QD-TTg on amending and supplementing a number of articles of Decision No. 24/2014/QD-TTg dated March 24 / 2014 by the Prime Minister on the mechanism to support developing the biomass power projects in Vietnam.

On January 11, 2019 The Prime Minister issued the Decision to amend and supplement a number of articles of the Decision No. 11/2017 / QD-TTg of the Prime Minister dated April 11, 2017 on incentive mechanism for developing solar power projects in Vietnam. In which, there is modification of the regulations on electricity prices for the rooftop solar power projects.  

The Ministry of Industry and Trade (MOIT) has just promulgated Decision No. 281 on 2019 range of price of electricity generation, applicable for negotiating PPAs (as stipulated in Article 1 of Circular No. 57/ 2014/TT-BCT dated December 19, 2014 of the Minister of Industry and Trade). 

In the conclusion of a hand over to the next shift of the Ministry of Industry and Trade (MoIT), the Minister Vu Huy Hoang  said the electricity tariffs will be soon adjusted from 6 to 3 price steps and come to a single step in future.

Electricity of Vietnam (EVN) has just decided to adjust the average electricity retail price by VND 1,920.3732/kWh (excluding value added tax - VAT) from May 4, 2023.

The Ministry of Industry and Trade (MOIT) has approved the wholesale price framework of Electricity of Vietnam (EVN) for the power corporations in 2018.

PetroVietnam Drilling & Well Services Corporation (PV Drilling) (Securities Code: PVD) said that it is estimated that business results in the 3rd quarter of 2015, in which profit after tax is estimated at 567 billion VND, decrease 5.0% over the same period (Q3 / 2014) but increased by 7.9% comparing to the previous quarter (Q2 / 2015). 

Updating the status of receiving documents, results of negotiations, ratifies of electricity prices, signing the power purchase agreements, acceptance of projects... for transitional renewable energy projects, Vietnam Energy Magazine cited data from the Electricity of Vietnam (EVN) updated on the morning of October 2, 2023, for readers to refer to.

Recently, wind power projects in Quang Tri province were pushed up a schedule in difficult conditions on the Covid-19 pandemic, racing to preferential FIT prices. Currently, in Quang Tri province, there are 17 wind power projects with a total capacity of 1,242.4 MW, total investment capital of more than VND 43,442 billion, supplemented to the planning and approved by the Provincial People's Committee.

The Electricity of Vietnam (EVN) has just issued a Notice to the Electricity Corporations, Electricity Telecommunications and Information Technology Companies about the purchase price of electricity from rooftop solar power systems in 2024.