The Ministry of Industry and Trade has submitted a report to the Prime Minister about options for a direct power purchase agreement mechanism (DPPA) between renewable power generators and large electricity users without going through Vietnam Electricity (EVN).
A wind power farm in Ninh Thuan province (Photo: VNA)
Hanoi (VNS/VNA) - The Ministry of Industry and Trade hassubmitted a report to the Prime Minister about options for a direct powerpurchase agreement mechanism (DPPA) between renewable power generators andlarge electricity users without going through Vietnam Electricity (EVN).
Specifically, in the first option, the buying and selling ofelectricity would be conducted through a private transmission line invested bythe private sector. With this option, the purchasing and selling of electricitywould not be limited in terms of capacity, output, connection voltage level andelectricity use purpose.
The power generators would be responsible for investing in theconstruction of power projects in line with the power development planning. Theplants and the customers must comply with the established regulations onelectricity purchase and sale.
The electricity retail prices for large users were regulated underDecision No 1062 dated May 4, with the average price at 1,920.3732 per kWh.
In the second option, electricity purchase and sale would beconducted through the national grid system, meaning that the trading must gothrough EVN, which currently holds a monopoly in electricity retailing.
As for this option, wind and solar power plants must be connectedto the national power system and have an installed capacity of at least 10 MW.Customers were required to purchase electricity for production purposes with avoltage of 22 kW or more.
In the period when the Law on Price had not come into effect, theretail electricity prices for production purposes would be regulated by thePrime Minister’s Decision No 24/2017 about the average electricity retailprices and Decision No 28/2014 about the electricity price bracket.
After the Law on Price came into effect, the electricity priceswould reflect properly and fully the charges on-the-spot electricity marketplus service changes.
The ministry said that it would give a push to the implementationof the first option.
An expert said that the DPPA mechanism would help ease the burdenon EVN in investing in power generation and transmission while encouraging theparticipation of the private sector in the power industry.
In many cases, customers could buy electricity at lower or higherprices, depending on the production costs of the generators.
In mid-July, Prime Minister Pham Minh Chinh asked the Ministry ofIndustry and Trade to complete the study on DPPA in an effort to speed up energytransition projects./.
The Ministry of Industry and Trade (MoIT) has called for more solar power producers in Vietnam to enjoy fixed feed-in-tariffs (FIT) instead of a bidding mechanism.
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.
Vietnam Electricity (EVN) on December 6 signed various Memoranda of Understanding (MoU) with investors of power projects in Laos to develop and purchase electricity from the neighbouring country in the time ahead.
Samsung Electronics Vietnam is seeking support from the Vietnamese Government to enter into a direct power purchase agreement (DPPA) scheme that will enable it to directly purchase renewable energy from producers, heard a recent meeting between its CEO Choi Joo Ho and Minister of Industry and Trade Nguyen Hong Dien.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
A wind power farm in Ninh Thuan province (Photo: VNA) 
