Building institutions for competitive energy market in Vietnam

Competitive Power Market: Independence and Price Reduction

Posted: Tuesday, July 21, 2015 
Vietnam can hardly form and develop a competitive electricity market if the Electricity of Vietnam (EVN) hangs on to its current ways and holds so many roles: Working as a market regulator, a distributor and a retailer to consumers, said Dr Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM) at a recent workshop on the “Building institutions for competitive energy market in Vietnam” in Hanoi.

(Source: Anh Phuong, VCCI News - please click here to read the full article)

"Building institutions for competitive energy market in Vietnam” workshop supports EuroCham Green Growth Sector Committee's position on necessary reforms in the energy market in Vietnam. 

Specifically, the concerns regarding the progress and challenges towards a Competitive Power Generation Market have been addressed. Likewise Vietnam’s potential renewable electricity sectors, including solar power and wind power, are currently unattractive to investors in Vietnam. Despite the fact that the window of opportunity is closing, Vietnam is on a crossroad towards massive coal-power energy market with all its negative impacts on health, climate change and coal-imports or a switch towards the available own resources wind and sun to avoid massive blackouts in the upcoming years in the central and southern provinces. Besides a power pricing roadmap, only few clear regulations and investment friendly laws would be necessary to achieve a sustainable energy market in Vietnam. 

Should you or your business wish to contribute to EuroCham's Whitebook and raise your points on the energy market or other green growth related sectors, please get in touch with EuroCham Green Growth Sector Committee secretariat within the upcoming 3 weeks 27 July - 14 August 2015 at sec.comms@eurochamvn.org.

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