VIETNAM ELECTRICITY MARKET
The electricity market in Vietnam is still monopolistic when Vietnam Electricity (EVN) is the monopoly unit in the segments of electricity regulation, wholesale, transmission and distribution / retail. Power generation is the only segment that has the presence of entities outside EVN due to the fact that it requires huge investment capital. Over the past 10 years, Vietnam’s power industry has been constantly adding supplies to keep up with the strong growth of demand. In the first 9 months of 2019, the total palace is estimated to increase compared to the same period in 2018.
In the third quarter of 2019, the amount of imported electricity increased compared to the same period in 2018. The demand for electricity use in Vietnam is huge even in the short, medium and long term. According to EVN’s calculations, to meet the needs of economic development with the growth rate and to achieve the goal by 2020, Vietnam will basically become an industrialized country, then in the next 20 years, the electricity demand will have to increase. each year.
The North-South 500kV ultra-high voltage grid system must constantly transmit high power from the North and the Central to the South, causing power losses. In Q4 / 2019, EVN Group suffered from omnipotent electricity losses, but performed better than the plan to strive for 2019
Electricity price in Vietnam is quite low compared to other countries in Asia – Pacific. However, compared to GDP per capita, electricity price in Vietnam is at high level. This is considered one of the reasons why the Government has to cross-subsidize.

Abbreviations

Summary

  1. Business environment

1.1 Macroeconomic situation

1.2 Legal barrier

1.3 Economic agreements

  1. Current situation of world electricity industry

2.1 Supply and demand of electricity

2.2 Trend of electricity development in the world

2.3 Price movements

2.4 Current status of electricity use in some Southeast Asian countries

  1. Situation of Vietnam’s electricity industry

3.1 History of Vietnam’s electricity industry

3.2 Electricity value chain

3.3 Fuel inlet

3.4 Electricity generation

3.5 Transmission and distribution of electricity

3.6 Electricity consumption

3.7 Electricity prices

3.8 Electricity industry structure

  1. Issues on electricity industry development

4.1 Existence

4.2 Challenges

4.3 Risks

  1. Planning and forecasting

5.1 Planning

5.2 Forecast

  1. Business analysis

6.1 Typical companies in the industry

6.2 Target group of business results

6.3 Financial indicators group

6.4 Group of payment criteria

  1. Appendix

Southern Power Corporation – EVNSPC

Ho Chi Minh Power Company – EVNHCMC

Hanoi Power Company – EVNHANOI

Central Power Corporation – EVNCPC

Hai Phong Thermal Power Joint Stock Company

Quang Ninh Thermal Power Joint Stock Company

Pha Lai Thermal Power Joint Stock Company

BOT Phy My 3 Power Company Limited

Mekong Energy Company

 

List of charts

Chart 1: Monthly CPI fluctuation, 1/2015 –9/2019

Figure 2: GDP growth rate by quarter, 2016 – 2019

Chart 3: VND / USD exchange rate, 1 / 2013-9 / 2019

Figure 4: FDI attraction by field, 9M / 2019

Figure 5: Contribution of electricity production and distribution in GDP, 2012 – 9M / 2019

Figure 6: World electricity production, 2010-2018

Figure 7: Structure of world electricity production by region, 2018

Figure 8: Structure of world power supply by fuel source, 2017 – 2018

Figure 9: Top largest electricity producing countries in the world, 2017 – 2018

Figure 10: Contribution structure of world electricity production, 2018

Figure 11: Electricity production in some countries in the world, 2013 – 2018

Figure 12: World electricity consumption, 2009 – 2018

Figure 13: Top 10 largest electricity consuming countries, 2018

Figure 14: Top largest electricity exporting countries, 2018

Figure 15: World electricity export, 2010-2018

Figure 16: Prospects of world power consumption by region, 1980 – 2030f

Figure 17: Electricity price in some countries around the world, 2018

Figure 18: Average electricity price in the world, 2013 – 2040f

Figure 19: Energy demand by Southeast Asian countries, 1990 – 2035f

Figure 20: ASEAN power consumption by sectors, 2010 – 2035f:

Figure 21: Market segment of coal consumption, 2017

Figure 22: Market segment of natural gas consumption

Figure 23: Gas price for electricity, 1 / 2014-4 / 2019

Chart 24: Potential and characteristics of wind power by region and wind speed

Graph 25: Total palace, 2010 – 9M / 2019

Figure 26: Share of electricity generation by supplier, 2017

Figure 27: Electricity production structure by raw material source, 2014 – 3M / 2018

Figure 28: Import of electricity from China, 2010 – 9M / 2019

Figure 29: Electricity loss, 2010 – 9M / 2019

Figure 30: Maximum load and available capacity of the electricity system *, 1/2018 – 7/2019

Chart 31: Hourly peak load between the two main seasons of the year, 2018

Figure 32: Commercial electricity, 2012-9T / 2019

Figure 33: Electricity intensity of regions in the world (kwh / USD)

Figure 34: Vietnam’s per capita electricity consumption, 2000-2018e

Figure 35: Electricity consumption structure, 3M / 2019

Figure 36: Electricity elasticity coefficient / GDP, 2010 – 9M / 2019

Figure 37: Time of blackout, 2012 – 2018

Figure 38: Average electricity purchase price of EVN, 1/2017 – 7/2019

Chart 39: Average electricity price, 7/2008 – 9/2019

Figure 40: Input material price, January 2014 – April 2019

Chart 41: Current situation of VCGM, 2012 – 2018e

Figure 42: Structure of electricity production by primary energy source

Figure 43: LCOE of the investment technologies for 1 kWh, 2017-2025

Figure 44: Import and export value of electric wires and cables, 2013 – 9M / 2019

Figure 45: Import structure of electric wires and cables by country, 9M / 2019

Figure 46: Supply – demand of electricity, 2010 – 2030f

Figure 47: Growth of renewable electricity capacity, 2016 – 2030f

Figure 48: Net revenue, 2017 – 2018

Figure 49: Profit targets, 2017 – 2018

Chart 50: Self-financing rate, 2017 – 2018

Chart 51: Financial expenses, 2017 – 2018

Chart 52: Total assets, 2017 – 2018

Chart 53: Average payment period, 2018

Figure 54: Profitability group, 2018

Figure 55: Inventory days, 2018

Figure 56: Solvency, 2017 – 2018

 

List of tables

Table 1: Power generation in Southeast Asia by energy source, 2000 – 2040f

Table 2: Demand for primary energy in Southeast Asia, 2000-2040f

Table 3: Energy use situation in Vietnam, 2001 – 2018

Table 4: Energy efficiency in economic development, 2000-2018

Table 5: Coal price increase for electricity production, July 2012 – April 2019

Table 6: Vietnam hydroelectricity potential

Table 7: Solar radiation data in Vietnam

Table 8: Vietnam’s solar energy development roadmap to 2030, vision 2050

Table 9: Some large solar power projects in Ninh Thuan will go into operation in 2019

Table 10: Potential under wind power planning in 5 provinces in Mekong Delta (Mekong Delta), 2020-2030

Table 11: List of some wind power projects in Vietnam

Table 12: Geothermal potential of regions

Table 13: Theoretical and technical potential of Tidal power

Table 14: List of power source projects in operation in 2019

Table 15: Comparison of advantages and disadvantages of hydropower and thermal power

Table 16: Technologies for producing electricity from Coal (thermal power)

Table 17: Length of transmission grid and total distribution capacity, 2012 – 2018

Table 18: Power loss rates of some countries, 2018

Table 19: Results of reducing power loss in 2017 – 2018

Table 20: Advantages and disadvantages of capacitor types

Table 21: Commercial electricity by distribution companies (million kWh), 2017 – 2018

Table 22: Indicators of electricity supply reliability, 2018 – 2019

Table 23: Electricity access index of Vietnam, 2015 – 2019

Table 24: Electricity access index of countries participating in the CPTPP, 2018 *

Table 25: Avoided cost tariff applied to small and medium hydropower plants in 2019

Table 26: Average electricity wholesale price bracket of EVN for Electricity Corporations in 2018

Table 27: Calculating the price of electricity in 6 grades

Table 28: Electricity generation frame for coal-fired power plants

Table 29: Comparison of electricity structure before and after 2008