The Ministry of Industry and Trade (MoIT) has proposed shortening the interval for adjusting the retail electricity prices from the current three months to two months.

There will be no electricity shortages this year, even as electricity consumption reaches record-high figures in Vietnam, the Ministry of Industry and Trade (MoIT) has promised.

There have been numerous complaints regarding the development of the electricity price bracket, however only 59 out of 293 units and projects, or just 20% of renewable energy investors, have contributed ideas or proposals themselves.