A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.

With Vietnam planning to end its power distribution monopoly in 2024, experts expected consumer benefits in reduced prices are unlikely to materialize.

Vietnam Electricity Group (EVN) on September 9 launched the EVNSOLAR platform at http://solar.evn.com.vn to assist potential investors, both households and enterprises, in accessing this type of power source.

The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.