VIETNAM ELECTRICITY INDUSTRY
The global electricity consumption has increased continuously since 2009 with the growth rate reaching CAGR AT 2.9%. The electricity market in Vietnam is still exclusive when EVN is the only company that is able to buy and sell electricity. Three main power-generating sources are hydroelectric, coal thermoelectricity and electrothermal gas, which accounted for 96.8% of the total power capacity in the first nine months of 2018.
The proportion of imported electricity in the total electricity supply in the country held a stable level of about 1.3% -2% in the period from 2015 to 2018. In 2018, imported electricity output was forecasted at 1.33% in the proportion of total electricity supply. Power loss rate in 2018 reached 6.9%, 0.3% lower than the beginning of the year plan (7.2%) and 1 year ahead of the schedule of the 5-year plan assigned by the Government.
Vietnam’s energy demand increased rapidly between 2001 and 2018 with an average growth rate of 11.4% per year and was expected to continue to grow quite high in the next 10 years. According to the World Bank’s Doing Business 2019 Report, Vietnam’s electricity access index in 2018 increased by 37 places compared to 2017 ranking and stood at 27/190 countries and economies.
Electricity prices in Vietnam were quite low compared to other countries in the Asia-Pacific region. Electricity generation is the only segment with the participation of units outside EVN because it requires very large investment capital.
Executive Summary 1. Business environment 1.1 Macroeconomic situation 1.2 Legal framework 1.3 Free Trade Agreements 2. Industry overview 2.1 Situation of global electricity industry 2.1.1. Demand and supply for electricity 2.1.2 Development trend of global electricity industry 2.1.3 Price movement 2.1.4 Situation of electricity industry in some Southeast Asia countries 2.2 Situation of Vietnam electricity industry 2.2.1 History of Vietnam electricity industry 2.2.2 Value chain of the industry 2.2.3 Input fuel 2.2.4 Electricity generation 2.2.5 Transmission and distribution 2.2.6 Electricity consumption 2.2.7 Electricity price 2.2.8 Structure of electricity industry 2.3 Issues in energy industries development 2.3.1 Existing 2.3.2 Challenges 2.3.3 Risks 2.3.4 The trend of foreign investment 2.4 Planning and forecasting 2.4.1 Planning 2.4.2 Forecasting 3. Business analysis 3.1 Typical companies of electricity industry 3.2 Business performance indicators 3.3 Financial indicators 3.4 Payment indicators 4. Appendix |
Southern Power Corporation – EVSNPC Northern Power Corporation – EVNNPC HCM city Power Corporation – EVNHCMC Hanoi city Power Corporation – HNPC Central VN Power Corporation – EVNCPC Power Generation Corporation 3 – EVNGENCO3 Power Generation Corporation 1 – EVNGENCO1 Hai Phong Thermal Power Joint Stock Company Pha Lai Thermal Power Joint Stock Company Quang Ninh Thermal Power Joint Stock Company |
Figure 1: GDP growth rate by quarter, 2015 – Q3/2018 Table 1: Electricity generation in Southeast Asia by energy sources, 2000 – 2040f |