The average electricity retail price has been raised to VND2,100 per kwh. It is estimated that tens of million of electricity consumers will be affected by the decision, while producers will have to pay the highest additional amount.

Electricity of Vietnam (EVN) has announced an increase in the average electricity retail price by 4.8 per cent, effective from October 11.

The Ministry of Industry and Trade (MoIT) has issued a decision approving a price framework for electricity imports from Laos starting from December 31, 2025.

Electricity prices in Vietnam have not been set following market-based mechanisms, as fluctuations of input costs for electricity production have not been fully reflected in the selling prices.

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of 26.77 trillion VND (1.053 billion USD) on high electricity production costs, according to its audited financial report.

Implementing the direct power purchase agreement (DPPA) mechanism between renewable energy generators and large customers is important to developing a competitive electricity market in Vietnam.

Vietnam Electricity (EVN) has received proposals from seven wind farm investors in Laos that want to sell electricity to Vietnam, with a total capacity of nearly 4,150 MW, the Ministry of Industry and Trade (MoIT) has said.