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Category: Vietnam Electricity News

Vietnam electricity news has become incredibly important to monitor as blackouts riddled the northern Vietnam summer in 2023. This section monitors the electricity news tracking regulations, supply challenges, and developments in the electricity industry in Vietnam broadly.

Unpaid taxes blamed on late payment from Electricity Vietnam

EVN was selling electricity at a loss for most of last year and 2022 and the start of this year too. This saw the state-owned enterprise accumulate losses of over US$1.5 billion. It has never been made clear how these losses have been covered but, in light of these claims, it could very well be that power producers may be footing the bill.

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Apple supplier Foxconn has been asked to reduce its power use in Vietnam

Promoting power conservation is not a new concept. This happens just about everywhere in the world. That said, what should be concerning is the volume of power Foxconn is being asked to cut. Whereas a firm might be able to save a few kilowatts here or there, it would be very unusual for a firm to be operating with an inefficiency in their power use of 30 percent.

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Electricity in Vietnam: Foreign Investor Cheat Sheet 2024

When it comes to electricity in Vietnam, whether a company is using it or producing it, there are a lot of nuances that foreign investors should be aware of. This cheat sheet runs through a brief overview of how the industry and the market operate. Who manages Vietnam’s electricity supply?

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Updated power pricing regulations in Vietnam officially kick-in today

Of note, in 2022 EVN reported a loss of US$1.5 billion with rises in fuel costs vastly outstripping the electricity retail price which is regulated. That said, Decision 24 issued back in 2017, the precursor to Decision 5, already had provisions for the electricity price to be adjusted annually, however, between 2019 and November 2023 no adjustment was made. It’s not clear why and in this context the frequency at which power prices are reviewed may not have been the crux of the problem.

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Vietnam considering a monthly connection fee for electricity

The state power provider EVN wants to charge a subscription fee on top of metered electricity prices to cover the additional infrastructure costs for some customers, VN Express is reporting. Essentially, the power price is currently calculated on the volume of electricity used and by tiers–the more you use the

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Vietnam electricity prices likely to rise, higher production costs

Vietnam’s Ministry of Industry and Trade (MoIT) has suggested electricity prices should rise in May in line with rising production costs, VN Express is reporting. In Vietnam, retail electricity prices are set by the government. The state power provider, EVN, can increase prices up to 3 percent. A price hike

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Summer power shortages likely for northern Vietnam this year, too

Vietnam’s Northern Power Service Company is predicting a shortfall in electricity over summer of 1,200 to 2,500 megawatts, DTI News is reporting. This is after power shortages in 2023 saw households and businesses without power for hours at a time including a number of big multinationals. It was estimated to

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Electricity in Vietnam still being sold below cost price

Electricity Vietnam (EVN) has said it expects to record a pre-tax loss of about US$698.6 million in 2023, VN Express is reporting. The size of this loss has been attributed to the state electricity provider continuing to sell electricity at below cost price. Key points It currently costs EVN 2,092.78

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2020 resolution fails to realise shift to market based electricity pricing

A government resolution issued in 2020 declared that electricity pricing needed to be transparent and determined by market rules, however, there is still a huge mismatch between input costs and retail prices, Vietnam Net is reporting.  Key takeaways: Before this year electricity prices has not increased since 2019; Several provinces

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Vietnam’s electricity price goes up by 4.5 percent

Vietnam Electricity (EVN) has announced that electricity consumers will see a price hike on their next bill of 4.5 percent, Saigon Giai Phong is reporting. This is the second time electricity prices have gone up this year. For context, last year EVN reported a loss of US$1.5 billion with rises

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Power shortages in Vietnam possible up to 2050

A report produced for the National Assembly Standing Committee on energy development in Vietnam has found that the country could experience power shortages up to 2050, VN Express is reporting. The article notes this will be most problematic in the near term in the north, and that this will see

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