Attributes of a viable policy for the Vietnam electricity sector: opinions of stakeholders

• Main Author: Nguyen, Hung
• Other Authors: Khoa Quốc tế, ĐHQGHN
• Format: Article
• Language: English
• Published: International Journal of Global Energy 2020
• Subjects: electricity reform; electricity policy; public utilities
• Online Access: http://repository.vnu.edu.vn/handle/VNU_123/89402
• Institution: Vietnam National University, Hanoi

The electricity sector has seen little changes for many decades in Vietnam, while those of the European and American countries have changed profoundly in the last three decades. The current policy for the electricity industry of Vietnam is seriously flawed. This research examines basic attributes of a viable policy for the Vietnamese Electricity industry and investigates preference of different stakeholder groups on potential policy reforms that would go toward providing a viable regulatory and business model for the industry. That policy should include several features. First, there should be an environment for greater private investments. Second, non-naturalmonopolistic parts of the industry should be open to competition. Third, electricity companies should be allowed to price for relevant profits. Fourth, the current state-owned Electricity of Vietnam (EVN) should be given sufficient commercial flexibility to pursue additional revenue.