NA President Tran Thanh Man noted that the Government proposed amending and supplementing several provisions to address bottlenecks related to investment procedures, improve electricity pricing mechanisms, direct power purchase agreements (DPPAs) and offshore wind power development.
The decision, signed on March 31, sets the maximum retail electricity price at 2,444.09 VND per kWh (0,095 USD), while the minimum price is set at 1,826.22 VND per kWh.
The Ministry of Industry and Trade (MoIT) has proposed shortening the interval for adjusting the retail electricity prices from the current three months to two months.
LNG power projects in Vietnam are currently grappling with many obstacles, ranging from bureaucratic delays to issues with power purchase agreements (PPAs), leading to significant project implementation slowdowns.
