Bidding for electricity projects instead of using the feed-in tariff price mechanism would make Viet Nam''s electricity more transparent and offer cheaper consumer power prices.
Service price mechanism will be applicable on fees and charges of 17 types of services and goods from January 1, 2017, a Finance Ministry official said.
The Government has allowed Binh Son Refining and Petrochemical Co Ltd
(BSR) to make its own price mechanism after the company has repeatedly
called for support to improve the competitiveness of its products.
