Vietnam mulls raising prices


Substation Relay Protection Training

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$699
Coupon Price:
$599
Reserve Your Seat Today
Vietnam will likely raise retail electricity prices by up to 10 percent this year to attract more investment in the energy sector, which is struggling to meet booming demand, state media reported.

Vietnam's electricity prices are much lower than those elsewhere in the region, making it less attractive to potential investors, the Vietnam Economic Times quoted Vice Minister of Industry and Trade Do Huu Hao as saying.

The ministry recommended the price increase last month, but it will not take effect unless it is approved by Prime Minister Nguyen Tan Dung, who is expected to act on the request soon.

Vietnam charges households 862 dong (4.9 U.S. cents) per kilowatt hour, while manufacturers pay 900 dong (5.2 cents). Thailand, Singapore, Indonesia and Malaysia charge from 14 cents to 15 cents, according to Electricity of Vietnam or EVN, the country's power company.

In neighboring China, the top price is 7.5 cents per kilowatt hour.

Vietnam's demand for power is expected to grow by 16 percent a year until 2015, according to government projections, and the country's booming economy has made it difficult for supply to keep pace with demand.

Vietnam's economy grew 8.5 percent in 2007 and 6.2 percent last year, despite the global economic slowdown. Its growth rate is among the fastest in Asia.

More than 500,000 families who use less than 50 kilowatts per hour a month will not be affected by the price increase because of government subsidies, Hao said.

Related News

Scottish North Sea wind farm to resume construction after Covid-19 stoppage

NnG Offshore Wind Farm restarts construction off Scotland, backed by EDF Renewables and ESB, CfD…
View more

Group to create Canadian cyber standards for electricity sector IoT devices

Canadian Industrial IoT Cybersecurity Standards aim to unify device security for utilities, smart grids, SCADA,…
View more

Potent greenhouse gas declines in the US, confirming success of control efforts

US SF6 Emissions Decline as NOAA analysis and EPA mitigation show progress, with atmospheric measurements…
View more

3 ways 2021 changed electricity - What's Next

U.S. Power Sector Outlook 2022 previews clean energy targets, grid reliability and resilience upgrades, transmission…
View more

Economic Crossroads: Bank Earnings, EV Tariffs, and Algoma Steel

Canada Economic Crossroads highlights bank earnings trends, interest rates, loan delinquencies, EV tariffs on Chinese…
View more

Canada's looming power problem is massive but not insurmountable: report

Canada Net-Zero Electricity Buildout will double or triple power capacity, scaling clean energy, renewables, nuclear,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified