EVN

EVN's accumulated losses of VND 44,792 billion as of 2024 may be gradually allocated into retail electricity prices under a new proposal by the Ministry of Industry and Trade. The mechanism aims to ensure cost recovery and provide a legal basis to resolve the backlog, with small increments to avoid sudden price shocks.

EVN's accumulated losses, which peaked at VND 50,029B in 2022-2023, are being addressed through a proposed mechanism to gradually allocate unrecovered production costs into retail electricity prices. The Ministry of Industry and Trade aims to provide a legal basis for cost recovery while minimizing sudden price impacts on consumers and businesses.

Vietnam's Prime Minister mandates no power shortages, ordering increased electricity imports from Laos (at least 8,000 MW) and China (3,000 MW) starting 2027. The directive targets energy security for high GDP growth, impacting state-owned EVN and coal miner TKV.

EVN faces a regulatory overhaul as the Ministry of Industry and Trade proposes ending its single-buyer monopoly in the draft Electricity Law. The move aims to increase competition in wholesale and retail electricity markets, potentially reshaping Vietnam's power sector dynamics.