Energy Outlook and Energy Saving Potential in East Asia
On the supply side, energy eficiency improvements in power generation and development of renewables technologies, particularly small hydro, solar, wind and biomass are expected to
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Free Quote6 Frequently Asked Questions about “How much does it cost to transform outdoor power supply in Vietnam”
How much does electricity cost in Vietnam?
In May 2025, and Vietnam's average electricity price per kWH was set at VND 2,204.07 or about US $0.084, excluding value-added tax (VAT), per Decision 599/QD-EVN. This was an increase from an average electricity price per kWH of VND 2,103.1159 or about US $0.0836, excluding value-added tax (VAT), per Decision 2699/QD-BCT, from October 2024.
How does the power market work in Vietnam?
Vietnam's power market operates on a 30-minute trading system, with prices updated every half hour. This Full Market Price (FMP) reflects the real-time cost of power and is used to settle payments in the wholesale market. The FMP includes: System Marginal Price (SMP) – a dynamic price based on supply and demand.
Who manages the electricity market in Vietnam?
The Ministry of Industry and Transport is the government body in charge of managing Vietnam's electricity market and supply. It does this through the wholly state-owned power company Electricity Vietnam commonly known as EVN. EVN generates some power, but also buys power from wholesalers, and sells electricity to consumers.
What is Vietnam's Electricity price cap in 2022?
The price cap of 2022 is 1602.3 VND / kWh. After basically controlling the Covid-19 epidemic, Vietnam's economy has to face rising fuel prices. This is a factor that has a strong impact on Vietnam's electricity market. The DPPA mechanism allows large consumers to buy electricity directly from renewable energy power plants.
What was Vietnam's Electricity price in 2025?
Vietnam's electricity price per kwh in 2025 was VND 2,103.1159 or about US $0.0836 (from October 2024). Note that this is an average and that prices vary by user type.
How does DPPA affect Vietnam's Electricity Market?
This is a factor that has a strong impact on Vietnam's electricity market. The DPPA mechanism allows large consumers to buy electricity directly from renewable energy power plants. Power transactions between parties are conducted via the spot market in accordance with the rules and regulations of VWEM.