The maximum import price for electricity from China according to the Ministry of Industry and Trade is 9.3 US cents/kWh, equivalent to approximately 2,430 VND/kWh based on the exchange rate on May 8th.
Based on this price framework, the Ministry of Industry and Trade has requested that the Vietnam Electricity Group and the electricity sellers negotiate import prices from China, ensuring cost-saving principles.
Ministry of Industry and Trade sets the maximum import price for electricity from China at 9.3 cents/kWh. (Photo: EVN)
Meanwhile, the 2025 price framework for pumped-storage hydroelectricity has a maximum price of 3,457.02 VND/kWh (excluding value-added tax).
The calculation parameters used to determine the maximum price in the price framework for pumped-storage hydroelectricity include a calculated capacity of 1,188 MW, an economic life of 40 years, a provisional investment rate of over 17.9 VND/kW, a self-consumption ratio and transformer loss of the plant of 1%, 1,310 peak capacity operation hours per year, an average annual electricity output of 1.556 billion kWh, a ratio of pumped electricity output to generated electricity output of 1.44, and an off-peak electricity production price of 1,094 VND/kWh.
For waste-to-energy power plants, the 2025 price framework sets a maximum price of 2,575.18 VND/kWh (excluding value-added tax).
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The Project Management Unit of Electricity of Vietnam – a leading power company in the country, announced that on January 23, at 10:43 pm, the 500kV Monsoon – Thanh My transmission line project, spanning across Vietnam’s territory, was successfully energized. This pivotal project facilitates the import of electricity from the Monsoon Wind Farm (located in Laos) to Vietnam, marking a significant step forward in the region’s renewable energy landscape.
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The delays in implementing power source and grid projects are prolonging the timeline for operation, impacting the goals of providing sufficient electricity and socio-economic development. To address these challenges, it is necessary to adjust Power Planning 8 to ensure alignment with the actual situation and legal requirements.
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