Vietnam to launch competitive retail electricity market in 2023
Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism.
Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism.
In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.
Mobifone, Electricity Vietnam (EVN), and Viettel, three state-owned enterprises (SOEs) that represent three economic sectors of telecommunication, energy and defense industry, are selected to take part in the first stage of the project.
Facilities in charge of quarantining suspended and confirmed Covid-19 people are subject to the exemption of electricity bill.
Rooftop solar is among components in the USAID Vietnam Urban Energy Security project worth US$14 million for 2019-2023.
Vietnam purchases power from energy plants developed by Lao and Vietnamese investors.
So far, guidelines on rooftop solar regarding policies, regulations, ways of investment, and output have been available for investors.
A transparent legal framework will ensure a proper risk-sharing mechanism among all parties.
The move is aimed to keep inflation below 3% this year.
Private investment is of much consideration in transmission network which has been a solely state job.