EVN Press Release

After the Ministry of Industry and Trade issued Decision No. 21/QD-BCT dated 7/1/2023 on regulations on electricity generation price bracket for transitional solar and wind power plants, Power Trading Company (under EVN) issued a document to the Investors requesting the submission of documents for calculation and negotiation of electricity prices. The Ministry of Industry and Trade and Vietnam Electricity has also held conferences with project investors many times to discuss and remove difficulties and problems related to records, orders and procedures for electricity prices negotiation, power purchase and sale contracts, etc. The prescribed processes and procedures have also been publicly and transparently promulgated by EVN and sent to investors.

According to Decision No. 24/2017/QD-TTg dated June 30, 2017, stipulating the mechanism for adjusting the average retail electricity price of the Prime Minister, according to the document No. 304/BCT-DTDL dated April 27, 2023, of the Ministry of Industry and Trade, Vietnam Electricity has issued Decision No. 377/QD-EVN dated April 27, 2023, on adjusting the average retail electricity price, whereby the average retail electricity price is VND 1,920.3732/kWh (excluding value added tax) from May 4, 2023. This adjustment is equivalent to an increase of 3% compared to the current average retail electricity price.

In the first quarter of 2023, Vietnam Electricity has ensured a safe and continuous power supply, serving socio-economic development and meeting the people's daily needs. The power system meets the load requirements and has redundancy.

With the aim of urgently and proactively discussing solutions to resolve problems related to power purchase agreements for transitional projects, on March 20, 2023, Vietnam Electricity held a conference to dialogue with transitional renewable energy project owners.

In February 2023, Vietnam Electricity (EVN) ensured a safe and continuous power supply, serving socio-economic development and meeting the people's daily needs. At the same time, EVN successfully completed the water discharge for the Winter-Spring crop 2022-2023 for the Northern Delta provinces.

On February 17, 2023, the Ministry of Agriculture and Rural Development issued a report No. 821/BC-BNN-TL summarizing the water-intake work for cultivation in the 2022-2023 Winter-Spring crop in the Northern midland and Delta areas. In which, EVN has organized the maximum operation of hydropower power plants to create favorable conditions for irrigation works to collect water while ensuring sufficient electricity supply for the pump stations’ operation.

In November 2021, Vietnam Electricity (EVN) continues to perform well the dual task of ensuring the prevention of the COVID-19 pandemic and ensuring power supply for the country's socio-economic development and people's daily activities. In particular, EVN has ensured a safe and stable power supply for the second session of the 15th National Assembly and proactively responded to floods and landslides in many Central - Central Highlands provinces.

Towards the 67th anniversary of the Vietnam Power Sector’s Traditional Day (21 December 1954 – 21 December 2021), Vietnam Electricity (EVN) will implement the "Customer Gratitude Month" program” in December 2021 and January 2022.

In October 2021, Electricity of Vietnam (EVN) continues to perform well the dual task of ensuring the prevention of the COVID-19 pandemic and ensuring power supply for the country's socio-economic development and people's daily activities. Particularly, EVN has ensured a safe, stable power supply and proactively responded to typhoon No. 7 (LIONROCK) and typhoon No. 8 (KOMPASU).

On 10 November 2021, in Hanoi, EVN  and AFD held the signing ceremony of a credit agreement for a preferential non-government guaranteed loan worth 70 million euros (equivalent to VND 1,900 billion, accounting for about 20% of total investment capital) for Expanded Hoa Binh Hydropower Plant Project.