EVN proposes offshore wind power price cap of up to 0.15 USD/kWh in northern Vietnam

Specifically, the proposed framework sets the price at 3,975.1 VND/kWh for the northern region (including Quang Ninh, Hai Phong, and Thai Binh), 3,078.9 VND/kWh for the south-central coastal region (Binh Thuan), and 3,868.5 VND/kWh for the southern region (Ba Ria – Vung Tau).

A wind farm in Bac Lieu province (Photo: VNA)
A wind farm in Bac Lieu province (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam Electricity (EVN) has proposed a regional electricity price framework for offshore wind power projects, with the highest suggested rate in the northern region reaching 3,975.1 VND per kWh, equivalent to approximately 0.15 USD.

According to EVN, the proposed price cap is based on input parameters developed by the Institute of Energy and updated in accordance with the Vietnam–Denmark Technology Handbook. While no detailed feasibility studies have been completed for offshore wind projects to date, preliminary calculations have been categorised by region.

Specifically, the proposed framework sets the price at 3,975.1 VND/kWh for the northern region (including Quang Ninh, Hai Phong, and Thai Binh), 3,078.9 VND/kWh for the south-central coastal region (Binh Thuan), and 3,868.5 VND/kWh for the southern region (Ba Ria – Vung Tau).

EVN stated that if the proposal is approved by its Board of Members, the price framework will be submitted to the Ministry of Industry and Trade for official consideration and promulgation.

Previously, EVN also submitted price caps for onshore wind power at 1,643.89 VND/kWh and nearshore wind power at 1,913.67 VND/kWh.

Under the recently revised Power Development Plan VIII, Vietnam aims to achieve 6,000 MW of offshore wind power capacity by 2030./.

VNA

See more

Chairman of the Bac Ninh provincial People’s Committee, Vuong Quoc Tuan (third from the right), visits the workshop of the Hanel Production, Processing and Import-Export Joint Stock Company (Hanel PT) on May 5. (Photo: VNA)

Bac Ninh reserves industrial land for private tech firms

Bac Ninh is working to support domestic private sci-tech enterprises in accordance with the Party Central Committee's policy, with the goal of making the province a role model in promoting and assisting the private sector.

People go shopping at Aeon Mall Binh Duong. (Photo: VNA)

Japanese retailers step up business activities in Vietnam

Aeon – Japan's largest retail group – plans to increase the number of hypermarkets, also known as "Super Supermarket (SSM)" and general merchandise stores (GMS) in Vietnam from 12 as of February 2025 to about 100 stores by 2030. Another large Japanese group, Sumitomo, also aims o open supermarkets in Vietnam, with about 10 stores per year.

A view of the banking strategies forum in Hanoi (Photo: VNA)

Vietnamese banks promote development of global strong brands

Vietnamese banks have also proactively improved their image and position in the international arena. According to Brand Finance's 2025 rankings, 13 Vietnamese banks are now listed in the Top 500 banks with the highest brand value globally.

People shop at Go Thang Long supermarket in Hanoi. Photo: VNA)

Hanoi’s CPI up 2.89% in four months

In response to these trends, economic experts have recommended Hanoi to implement a range of measures to manage inflation in the coming months. They emphasised the need to strengthen price monitoring of essential goods, particularly food, fuel, pharmaceuticals, and healthcare services.

Vietnamese Ambassador to Malaysia Dinh Ngoc Linh (second from left), Trade Counsellor Le Phu Cuong (far left), and AEON Malaysia executives at the mixed pho booth prepared by AEON. (Photo: VNA)

Vietnamese specialties introduced to Malaysian consumers

A highlight of the Vietnam Goods Week in Malaysia is the introduction of Vietnamese culinary booths featuring iconic dishes like Vietnamese banh mi (baguette), pho (rice noodle), and coffee by the "Saigon Station" restaurant.

The delegation from Dalhousie University learn about trade opportunities in Vietnam. (Photo: VNA)

Canadian companies shift to Vietnamese market

At the event, the students were informed about how to take advantage of the free trade agreements that Vietnam and Canada have signed to optimise supply chains, production and export channels. In addition, they also heard about Vietnam's potential as an Asian logistics hub.