Vietnamplus

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price.

Three wind power projects co-funded by the Japan International Cooperation Agency (JICA) have been put into commercial operation, the agency announced on November 10.

Reductions in electricity prices from June to the end of this year to support customers to overcome the difficulties caused by the COVID-19 pandemic are estimated to total 1.57 trillion VND (67.74 million USD), according to Vietnam Electricity (EVN).

The Cambodian government has issued a plan on reducing electricity tariffs for firms in four key sectors – manufacturing, agriculture, commercial and service – for five months to beef up the economy plagued by the Covid-19 pandemic.

The Ministry of Industry and Trade has called for no increases in the electricity price until the end of the second quarter at the earliest to support businesses amid the novel coronavirus (COVID-19) outbreak.

Many voters nationwide have showed their approval of the National Assembly (NA)’s debate on May 30, while also highlighting issues they hope will be raised for further discussion.

Instead of spending tens of billions of dong to install solar power systems, several enterprises are renting solar power system to save operating costs, reduce electricity bills and promote clean energy development.

The Government Inspectorate on May 24 announced a 35-day probe of the controversial electricity price hike.

Vietnamese manufacturers are set to increase their selling prices following the 8.36 percent hike in electricity price that launched from March 20.

Power prices will increase by an average of 8.36 percent at the end of this month, said Deputy Minister of Industry and Trade Hoang Quoc Vuong on March 5.

Power generation from waste has a short break-even period and benefits the environment and so is attractive to investors.

Vietnam’s consumer price index (CPI) in January grew 0.51 percent from the previous month and 2.65 percent from the same period last year, driven by price hikes in 10 of the 11 groups of commodities.

Prices tend to remain stable, even fall slightly in 2018, heard a workshop in Hanoi on January 9 to review prices in 2017 and make forecast for 2018.

Deputy Minister of Industry and Trade Do Thang Hai said the ministry has no plan to change electricity price in the immediate future

The Electricity of Vietnam (EVN) has no plans for electricity price adjustment despite difficulties forecast for this year, announced the group’s Deputy General Director Dinh Quang Tri on January 17.