How much does electricity cost in Vietnam?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.
How are electricity prices regulated in Vietnam?Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and geography. Businesses in industrial parks, service sectors, or using wholesale arrangements may face different pricing structures.
Why is electricity pricing important in Vietnam?Electricity pricing has far-reaching implications, as energy accounts for approximately 15% of Vietnam’s GDP. That makes MOIT’s decisions central to the nation’s economic planning and clean energy roadmap. A Look Toward a Smarter Energy Future.
Does EVN sell electricity in Vietnam?Retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price — In January of 2024, it was losing as much as VND 142.5 per kilowatt-hour sold.
Who manages the electricity market in Vietnam?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.
What was Vietnam's Electricity price in 2025?Vietnam’s electricity price per kwh in 2025 was VND 2,103.1159 or about US $0.0836 (from October 2024). Note that this is an average and that prices vary by user ty
Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and geography. Businesses in industrial
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Pumped hydro- energy storage and utility-scale battery storage are proven options for energy storage15. Vietnam has substantial potential for pumped storage hydro and a well-established
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The Vietnamese National Assembly adopted the new electricity Law No. 61/2024/QH15 on 30 November 2024 which will take effect on 1
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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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The Vietnamese energy storage power market is undergoing a remarkable transformation, driven by numerous factors that intertwine
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Vietnam''s solar energy market, driven by high solar potential and strong government support, plays a key role in the country''s "Net Zero"
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Vietnam''s Electricity Law 2024The Vietnamese National Assembly adopted the new electricity law No. 61/2024/QH15 on 30 November 2024
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Following these recent price bracket increases, Vietnam''s retail price of electricity is expected to continue to be relatively low in the region, remaining below the average
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In Vietnam for recent years, the development of Renewable Energy (RE) has been strongly promoted, especially in the Southern and Southern
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Vietnam''s solar power industry has experienced rapid growth in recent years, driven by favourable government policies and increasing demand for renewable energy. With
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Vietnam''s latest retail electricity pricing framework introduces an average rate ranging from VND 1,826.22 to VND 2,444.09 per kilowatt-hour
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2 days ago· Vietnam Electricity (EVN) has released details about the production cost structure of electricity and the causes behind its accumulated loss of more than $1.8 billion from 2022 to
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Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and
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- Finalizing and analizing the results of "Scientific conference on application of energy storage systems and technologies to improve efficiency
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On 10 April 2025, the Ministry of Industry and Trade ("MOIT") issued Decision 988/QĐ-BCT, which sets forth the electricity price framework applicable to
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Vietnam''s Wholesale Electricity Market and 30-minute Full Market Price (FMP) mechanism represent a powerful yet underutilized foundation. With the right policy and market
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Vietnamese households and businesses are feeling the pinch of rising electricity prices. Effective October 11th, 2024, the Electricity of Vietnam (EVN), the national power utility,
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Vietnam''s new net metering policy increases solar feed-in rates to 20%, driving residential and commercial energy storage growth amid rising energy demand and lower
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Discover how much electricity is in Vietnam, exploring costs, tariffs, and the impact on daily life in this vibrant Southeast Asian country.
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4 days ago· The electricity price framework for hydropower plants in 2025 is from 0 to 1,110 VND/kWh (excluding water resource tax, forest environmental service fees, water resource
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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 including value-added tax (VAT), with
Get Price
Vietnam''s latest retail electricity pricing framework introduces an average rate ranging from VND 1,826.22 to VND 2,444.09 per kilowatt-hour (roughly up to USD 0.10 per kWh).
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Average retail electricity price in Vietnam from 2009 to 2024 23 FIGURE 11. Average domestic retail prices for petroleum products in Vietnam from 2008 to 2019 24 FIGURE 12. Projections
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The Ministry of Industry and Trade is actively researching policies to incorporate energy storage batteries into Vietnam''s energy landscape. As
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Vietnam''s Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants. For projects without battery
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4 days ago· Solar accounted for 56% of all new electricity-generating capacity added to the US grid in the first half of 2025, with a total of 18 GW installed. Combined, solar and storage
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According to EVN''s proposal, the electricity generation price frame of pumped storage hydropower plants in 2025 is the highest at VND 3,357.85/kWh. This is the calculation
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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.
Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and geography. Businesses in industrial parks, service sectors, or using wholesale arrangements may face different pricing structures.
Electricity pricing has far-reaching implications, as energy accounts for approximately 15% of Vietnam’s GDP. That makes MOIT’s decisions central to the nation’s economic planning and clean energy roadmap. A Look Toward a Smarter Energy Future
Retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price — In January of 2024, it was losing as much as VND 142.5 per kilowatt-hour sold.
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 electricity price per kwh in 2025 was VND 2,103.1159 or about US $0.0836 (from October 2024). Note that this is an average and that prices vary by user type.
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The global commercial and industrial solar energy storage battery market is experiencing unprecedented growth, with demand increasing by over 400% in the past three years. Large-scale battery storage solutions now account for approximately 45% of all new commercial solar installations worldwide. North America leads with a 42% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 30-35%. Europe follows with a 35% market share, where standardized industrial storage designs have cut installation timelines by 60% compared to custom solutions. Asia-Pacific represents the fastest-growing region at a 50% CAGR, with manufacturing innovations reducing system prices by 20% annually. Emerging markets are adopting commercial storage for peak shaving and energy cost reduction, with typical payback periods of 3-6 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $500/kWh for complete energy solutions.
Technological advancements are dramatically improving solar energy storage battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 50% less energy loss, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $1,000/kW to $550/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 40% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 30% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $450/kWh for incremental storage. These innovations have significantly improved ROI, with commercial projects typically achieving payback in 4-7 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $25,000 and premium systems (200-500kWh) from $100,000, with flexible financing options available for businesses.