The Ministry of Industry and Transport is the government body in charge of managing Vietnam’s electricity market and supply. It does this through the wholly state-owned power company Electricity Vietnam commonly known as EVN. EVN generates some power, but also buys power from wholesalers, and sells electricity to consumers.
Vietnam’s power market operates on a 30-minute trading system, with prices updated every half hour. This Full Market Price (FMP) reflects the real-time cost of power and is used to settle payments in the wholesale market. The FMP includes: System Marginal Price (SMP) – a dynamic price based on supply and demand.
In May 2025, and Vietnam’s average electricity price per kWH was set at VND 2,204.07 or about US $0.084, excluding value-added tax (VAT), per Decision 599/QD-EVN. This was an increase from an average electricity price per kWH of VND 2,103.1159 or about US $0.0836, excluding value-added tax (VAT), per Decision 2699/QD-BCT, from October 2024.
Evolution of electricity generation in Vietnam. Source: IEA. Vietnam’s move toward a competitive power system took a big step forward with the launch of its Wholesale Electricity Market (VWEM) in 2019. In this market, state and private generators sell electricity through a centrally coordinated system.
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Vietnam’s power market is evolving from a state-run, single-buyer model to a more flexible, market-driven system. Recent reforms—such as the Vietnam Wholesale Electricity …
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State utility Vietnam Electricity (EVN) on Friday increased the average retail price by 4.8% to VND2,103.1 (8.5 U.S. cents) per kWh, not …
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Long-term projections indicate potential cost reductions of 18-52% in energy storage system capital expenditures by 2035. Current Battery Pricing …
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Explore electricity in Vietnam including pricing, power shortages, renewable energy targets, the new DPPA decree, and the organizational structure (EVN, NPSDC),
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The residential electricity price in Vietnam is VND 0.000 per kWh or USD . These retail prices were collected in March 2025 and include the cost of power, distribution and transmission, and …
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