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.

Summary

  1. Business environment

1.1 Macroeconomic situation

1.2 Legal barriers

  1. Current situation of the world electricity industry

   Supply and demand of electricity

  1. Situation of Vietnam’s electricity industry

3.1 History of Vietnam’s electricity industry

3.2 Electricity value chain

3.3 Electricity generation

3.4 Electricity consumption

3.5 Electricity prices

  1. Planning and forecasting
  2. Business analysis

5.1 Typical companies in the industry

5.2 Target group of business results

5.3 Group of financial indicators

5.4 Group of payment criteria

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

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

Graph 16: Total palace, 2010 – 9M / 2019

Figure 17: Proportion of generation by supplier, 2017

Figure 18: Electricity production structure by raw material source, 2014 – 3M / 2018

Figure 19: Import of electricity from China, 2010 – 9M / 2019

Figure 20: Commercial electricity, 2012-9T / 2019

Figure 21: Vietnam’s per capita electricity consumption, 2000-2018e

Figure 22: Electricity consumption structure, 3M / 2019

Figure 23: Electricity elasticity coefficient / GDP, 2010 – 9M / 2019

Figure 24: Time of blackout, 2012 – 2018

Figure 25: Average electricity purchase price of EVN, 1/2017 – 7/2019

Figure 26: Average electricity price, July 2008 – September 2019

Figure 27: Input material price, January 2014 – April 2019

Figure 28: Net revenue, 2017 – 2018

Figure 29: Profit targets, 2017 – 2018

Chart 30: Self-financing rate, 2017 – 2018

Figure 31: Financial expenses, 2017 – 2018

Figure 32: Total assets, 2017 – 2018

Chart 33: Average payment period, 2018

Figure 34: Profitability group, 2018

Figure 35: Inventory days, 2018

Figure 36: Solvency, 2017 – 2018

List of tables

Table 1: List of power source projects in operation in 2019

Table 2: Comparison of advantages and disadvantages of hydropower and thermal power

Table 3: Coal-based (thermal) power generation technologies

Table 4: Commercial electricity by distribution companies (million kWh), 2017 – 2018

Table 5: Indicators of electricity supply reliability, 2018 – 2019

Table 6: Electricity access index of Vietnam, 2015 – 2019

Table 7: Electricity access index of countries participating in the CPTPP, 2018 *

Table 8: Avoided cost tariff applied to small and medium hydropower plants in 2019

Table 9: Average electricity wholesale price bracket of EVN for Electricity Corporations in 2018

Table 10: Table of electricity prices for living in 6 grades

Table 11: Electricity generation frame for coal-fired power plants