Because of low electricity consumption, thermopower, hydropower, wind and solar power plants have had to cut their capacity.

Investors have been working frantically to get their projects finished on time, but even if they can put plants into operation before October 31, they will still face other problems.

The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of $74.7 million euros to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.

The government this month requested the Ministry of Industry and Trade to review and re-submit the Power Development Plan VIII as the scheme is geared towards speeding up establishment of a competitive electricity market.

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9% year-on-year, and accounting for 11.8 percent of the total electricity output, according to Vietnam Electricity.

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, 

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

Wind and solar power continues to be prioritized but solutions are needed to ensure the safety of the electricity system when operating volatile sources of energy.

Wind power developers, who are running against time to put their projects into operation prior to November 2021, now face another problem: they may not get a VAT (value added tax) refund because of certain regulations.

Sharing the same fate as solar power, sales of wind power in Vietnam are expected to be difficult because of "severe excess electricity" at some point in time.

Vietnam has been witnessing a solar and wind power boom for three years, becoming one of the hottest markets in the world.

Since wind and solar power projects cannot provide all the electricity output to the national grid, building an energy storage system is being considered.

Gas-fired thermal power is catching the attention of foreign and domestic investors, now that Vietnam plans to stop new coal-fired power projects, according to the eighth national power development plan.

Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism.

Over 100,000 rooftop solar power works with total capacity of 9,300 MW were connected to the national grid by December 31, 2020.

The Prime Minister has warned that if electricity shortages occur, some officials will lose their positions.

The Vietnam Electricity Group (EVN) on December 26 announced that it would stop purchasing electricity from rooftop solar power projects developed after December 31 until the prime minister issues a new decision.

The cooperation between leading power developers is expected to make the energy-centered bilateral trade target achievable.

Vietnam Electricity (EVN) on December 6 signed various Memoranda of Understanding (MoU) with investors of power projects in Laos to develop and purchase electricity from the neighbouring country in the time ahead.