The Ministry of Industry and Trade has decided to cancel plans for a single price model to calculate power tariffs after receiving feedback from relevant ministries and experts.
Local electricity officials, related firms and international experts discussed a suitable legal framework to develop a smart grid and electricity system in Viet Nam in Ha Noi on November 21.
The average electricity retail price officially increased by 6.08 per cent, from VND1,622 (7.1 US cents) to VND1,720 per kWh (7.6 cents), on December 1 after three years being kept unchanged.
Prime Minister Nguyen Xuan Phuc has promulgated Decision 24/2017/QD-TTg to allow the Electricity of Viet Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry...
The country will receive adequate power this summer, Dinh The Phuc,
deputy head of Electricity Regulatory Authority of Viet Nam (ERAV) under
the Ministry of Industry and Trade, said.