Authors: Hung Nguyen
Addresses: National University of Vietnam, 144 Xuan Thuy Hanoi, Vietnam
Abstract: The electricity sector has seen little changes for many decades in Vietnam, while those of the European and American countries have changed profoundly in the last three decades. The current policy for the electricity industry of Vietnam is seriously flawed. This research examines basic attributes of a viable policy for the Vietnamese Electricity industry and investigates preference of different stakeholder groups on potential policy reforms that would go toward providing a viable regulatory and business model for the industry. That policy should include several features. First, there should be an environment for greater private investments. Second, non-natural-monopolistic parts of the industry should be open to competition. Third, electricity companies should be allowed to price for relevant profits. Fourth, the current state-owned Electricity of Vietnam (EVN) should be given sufficient commercial flexibility to pursue additional revenue.
Keywords: electricity reform; electricity policy; public utilities.
International Journal of Global Energy Issues, 2018 Vol.41 No.1/2/3/4, pp.128 - 145
Received: 04 Jul 2017
Accepted: 03 Feb 2018
Published online: 29 May 2018 *