Retail price of energy storage power supply in Vietnam

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4 FAQs about Retail price of energy storage power supply in Vietnam

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.

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.

Why did EVN raise electricity prices in Vietnam?

Vietnam's state-owned utility EVN has raised average retail electricity prices to help cushion increases in power generation cost. EVN has increased the average electricity price by 4.8pc to 2,103.12 Vietnamese dong/kWh ($0.085/kWh), excluding value-added tax. The price rise was effective from 11 October.

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.

Costs push Vietnam''s EVN to raise retail power prices

Vietnam''s state-owned utility EVN has raised average retail electricity prices to help cushion increases in power generation cost.
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