Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Power  >> VN to boost competitive power market
NEW UPDATES Asean Affairs  28 August 2015  

VN to boost competitive power market

The competitive power generation market would become operational expeditiously by 2018, together with the pilot implementation of competitive wholesale power market.

The move is part of the ongoing preparations, currently in full swing for a shift towards competitive electricity wholesale market in 2019, a conference heard yesterday.

The conference was organised by Ministry of Industry and Trade to review operations of the competitive power generation market and raise a plan for the implementation of the competitive electricity wholesale market.

Following the Prime Minister's Decision 63/2013/QD-TTg about the development roadmap of Viet Nam's power market, the competitive electricity wholesale market would be put under pilot implementation from the beginning of next year to 2018 and was expected to begin operations officially from 2019.

The electricity retail market was planned to be developed in 2022.

Under the roadmap, the competitive power generation market – the first one to be developed – had been under operation from July 2012. After three years, the competitive power generation market drew the participation of 59 power plants with a total capacity of 14,796MW, accounting for 41.63 per cent of the industry's total design capacity.

According to Nguyen Anh Tuan, director of the Electricity Regulatory Authority, the operation of competitive power generation market enhanced the transparency in raising power sources, especially from plants outside the Electricity of Viet Nam (EVN).

However, at the conference yesterday, electricity generation plants still voiced their concerns about their turnovers and profits when joining the competitive power generation market.

Tran Thi Oanh, general director of Geruco Song Con Hydroelectric Plant, said they still had problems in price calculations which sometimes caused losses to producers, pointing out that power production costs depended on many factors including macro-economic factors, interest rates and exchanges rates.

If the prices were calculated more precisely, the competitive power generation market would attract more plants, Oanh said.

All participating plants sold their electricity to a unit under the EVN, the Electricity Power Trading Company.

Statistics of the Electricity Regulatory Authority showed that the EVN, which currently managed 70 per cent of power generation sources, bought electricity from competitive power generation market's participant plants at an average price of VND1,087.3 (5 US cents) per kWh.

Still, the EVN's average selling price to end-users was VND1,622.05 per kWh from March 16.

To date, there are nearly 50 power plants which have not participated in the competitive market.

Experts said it was important to improve policy framework to hasten the development of the competitive power generation market while protecting rights of consumers and attracting investors to the power industry.

Tuan said the department would issue more detailed instructions together with measures to tackle difficulties faced by power plants to encourage more participation.

Careful preparations

Regarding the pilot implementation of the competitive electricity wholesale market, Deputy Minister Hoang Quoc Vuong said that since this was completely "new" to Viet Nam, careful preparations were needed to ensure its success.

Vuong stressed that priority must be placed on ensuring security for the power system.

Vuong said the power industry must pay attention to improving its IT infrastructure to ensure smooth management as well as to enhance quality of human resources to meet the market demand.

Another solution was hastening the restructuring of the power industry and consolidating the organisation and capacity of market participants for a rapid adaptation of the competitive electricity wholesale market, Vuong said, and added that a close watch must be kept on market fluctuations to tackle timely difficulties.

Vuong ordered the Electricity Regulatory Authority to co-ordinate with consultant units to issue early a legal framework for the competitive electricity wholesale market.

The ministry issued Decision 8266/QD-BTC in the middle of this month approving a detailed design for the competitive electricity wholesale market. Accordingly, the current monopoly of EVN would be removed. --VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  28 , 2015 Subsribe Now !
• VN to boost competitive power market Subcribe: Asean Affairs Global Magazine
• Positive outlook for EU firms in Cambodia
• Bomb takes toll on Thai tourism but ‘jitters would not last’
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cambodia’s 10-year industrial development policy introduced
• Krispy Kreme to open 10 shops in Myanmar
Asean Analysis                   August 21, 2015
• Asean Analysis August 21, 2015
Endgame to Myanmar’s Cease-fire Deal Tests President Thein Sein’s Resolve
Advertise Your Brand

Asean Stock Watch  August  27,   2015
• Asean Stock Watch-August 27, 2015
The Biweekly Update
• The Biweekly Update August 21, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand