About Average residential ESS price per 300MW in Vietnam
These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Vietnam with 150 other countries.
These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Vietnam with 150 other countries.
The residential electricity price in Vietnam is VND 1,956.000 per kWh or USD 0.074. The electricity price for businesses is VND 1,993.200 kWh or USD 0.076. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees.
As of 2023, the average electricity price in Vietnam is approximately 1,900 VND per kWh, a figure that reflects ongoing adjustments in the energy market. The state-owned utility company, Electricity of Vietnam (EVN), primarily sets these tariffs. The costs can vary based on several factors.
In May 2025, and Vietnam’s average electricity price per kWH was set at VND 2,204.07 or about US $0.084, excluding value-added tax (VAT), per Decision 599/QD-EVN. This was an increase from an average electricity price per kWH of VND 2,103.1159 or about US $0.0836, excluding value-added tax (VAT).
Vietnam’s latest retail electricity pricing framework introduces an average rate ranging from VND 1,826.22 to VND 2,444.09 per kilowatt-hour (roughly up to USD 0.10 per kWh). The new cap provides more structure and transparency for households and businesses while ensuring the energy market can.
On 3 February 2023, the Vietnam Prime Minister announced a new price bracket of average electricity retail price in Decision No. 02/2023/QD-TTg (“ Decision 02 ”), which replaces Decision No. 34/2017/QD-TTg dated 25 July 2017 on the same matter. Decision 02 came into force on its issuance.
State utility Vietnam Electricity (EVN) on Friday increased the average retail price by 4.8% to VND2,103.1 (8.5 U.S. cents) per kWh, not including value-added tax (VAT), with immediate effect. In a statement on the same day, EVN said the move complies with regulations introduced by the Prime.
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6 FAQs about [Average residential ESS price per 300MW in Vietnam]
How much does electricity cost in Vietnam?
The electricity price for businesses is VND 1,993.200 kWh or USD 0.076. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Vietnam with 150 other countries. Historical quarterly data, along with the latest update from June 2025 are available for download.
How are electricity prices regulated in Vietnam?
Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and geography. Businesses in industrial parks, service sectors, or using wholesale arrangements may face different pricing structures.
How much does a kWh cost in Hanoi?
(Photo: VNA) Hanoi (VNS/VNA) - The bracket of average electricityretail prices has been increased to 1,826.22 VND (0.078 USD) per kWh for thefloor price and 2,444.09 VND (0.1 USD) for the ceiling price, according to thePrime Minister’s Decision No 02/2023/QĐ-TTg dated on February 3.
How does EVN manage the electricity market in Vietnam?
Understanding these layered dynamics is essential for cost forecasting, risk assessment, and long-term investment planning. The Ministry of Industry and Transport is the government body in charge of managing Vietnam’s electricity market and supply. It does this through the wholly state-owned power company Electricity Vietnam commonly known as EVN.
Who manages the electricity market in Vietnam?
The Ministry of Industry and Transport is the government body in charge of managing Vietnam’s electricity market and supply. It does this through the wholly state-owned power company Electricity Vietnam commonly known as EVN. EVN generates some power, but also buys power from wholesalers, and sells electricity to consumers.
Why is electricity pricing important in Vietnam?
Electricity pricing has far-reaching implications, as energy accounts for approximately 15% of Vietnam’s GDP. That makes MOIT’s decisions central to the nation’s economic planning and clean energy roadmap. A Look Toward a Smarter Energy Future
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