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VietNamNet Bridge – Not until after 2022 will Vietnam have a full-fledged competitive power market, says a draft decision on a roadmap for development of the local power market.
The National Power Transmission Corporation under Electricity of Vietnam (EVN-NPT) mobilised about 1.3 billion USD in Official Development Assistance (ODA) for its transmission projects from 2011 to 2015.
VietNamNet Bridge – Deputy Prime Minister Hoang Trung Hai has urged Electricity of Viet Nam (EVN) to develop new and renewable energy sources including wind and solar power.
VietNamNet Bridge – Businesses under the industry and trade ministry have not attracted foreign strategic investors during their privatisation,
VietNamNet Bridge – State utility Vietnam Electricity Group (EVN) has called for foreign firms to invest in the industry by getting involved in power generation projects or buying shares at State-run power companies.
VietNamNet Bridge - Most of the foreign debt incurred by state-owned general corporations are in their core business fields, and as such they have to look for capital to run projects.
Whether Vietnam has a competitive power market remains a controversial question. The Central Institute of Economic Management (CIEM) believes that the current market must not be competitive as Electricity of Vietnam (EVN) still holds the monopoly.
VietNamNet Bridge - Most of the foreign debt owed by State-owned corporations is concentrated in key business sectors, where they must seek giant funds for projects.
The electricity tariffs in Vietnam could be lower if the country develops renewable energies and promotes liberalisation alongside, expert said.
VietNamNet Bridge - In a report to the National Assembly on the operation of State-owned corporations, the government said that State-owned firms have a total equity of VND1,112,445 billion, up 6% compared to 2013.
The Electricity of Viet Nam Group last week said it had divested from many companies.
VietNamNet Bridge – More than 14,000 cases of electricity theft were reported during the first nine months of the year, resulting in the loss of at least 11 million kWh from the country's electricity network.
VietNamNet Bridge – Energy groups are quick to complain about the impact of exchange rate fluctuations, which they claim have caused huge losses for them. They have floated the possibility of adding those losses to their production costs.
VietNamNet Bridge - Vietnam continues to open thermal power plants despite a warning about pollution and the lack of coal in the future.
VietNamNet Bridge – The new retail electric tariff will be submitted to the Government for consideration in October, said Dinh The Phuc, deputy head of the Electricity Regulatory Authority of Viet Nam (ERAV).
VietNamNet Bridge - In the last three years, Electricity of Vietnam (EVN) has bought electricity from power generators at the average price of VND1,087.3 per kwh and sold it at VND1,622 per kwh on average.
The competitive power generation market would become operational expeditiously by 2018, together with the pilot implementation of competitive wholesale power market.
If Electricity of Vietnam’s (EVN) exclusive role cannot be removed, private businesses will not be able to join the electricity market.
VietNamNet Bridge - The discussions about the coal supply for Duyen Hai 1 and Vinh Tan 2 Thermal power Plants have come to a deadlock.
Many state-owned economic groups that made huge investments in non-core business fields are facing trouble as some of the business tycoons have been jailed because of wrongdoings that caused serious consequences.