CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
MoU signed on developing competitive electricity market
10:36, 2015/05/09
The Electricity Regulatory Authority of Vietnam ( ERAV ) and the US Bureau of Energy Resources ( ENR ) signed a Memorandum of Understanding (MoU) on providing technical support to develop the competitive electricity market in Vietnam on May 7 in Hanoi.
At the event, Head of the ERAV Nguyen Anh Tuan said the MoU will contribute to boosting the electricity market in Vietnam by ensuring fair competitiveness and transparent prices while raising the effectiveness of power projects. 
Representatives from the Electricity Regulatory Authority of Vietnam (ERAV) and he US Bureau of Energy Resources (ENR) signed the MoU on providing technical support to develop the competitive electricity market in Vietnam
Representatives from the Electricity Regulatory Authority of Vietnam (ERAV) and he US Bureau of Energy Resources (ENR) signed the MoU on providing technical support to develop the competitive electricity market in Vietnam
He said the current market is plagued with poor infrastructure and unqualified labor force in its first stage. 
Thus, the Ministry of Industry and Trade has learnt from other countries’ experience towards building a competitive market in Vietnam. 
According to a senior ENR official, the project aims to focus on improving the activities of the Build-Operate-Transfer (BOT) electricity projects. 
The US also continues to share experience and technologies to help Vietnam run a successfully competitive electricity market, said Ambassador Mary Warlick, Principal Deputy Assistant Secretary of ENR. 
According to the framework to develop the electricity market approved by the Ministry of Industry and Trade, a power generation market was formed from 2011 to 2014. 
The whole sale market will appear in 2015-2020. Ultimately, the retail electricity market will be ready by 2024. 
Since 2010, Vietnam has allowed the private sector to build electricity plants under public-private partnership.
Comments
Other news
15:17, 2024/11/04
Hiring multitaskers: Priority for Hanoi companies
Several sectors experience increased hiring demand in the remaining months of 2024
18:17, 2024/11/03
Hanoi seeks partnerships to build skilled workforce for digital transformation
Vocational training institutions play important roles in developing a quality workforce prepared for large companies.
18:35, 2024/10/30
Hanoi to host Vietnam-Asia Smart City Summit 2024
The summit aims to share best practices and promote cooperation among Vietnam's provinces and cities in building and developing smart cities.
15:53, 2024/10/29
Vietnamese spend $8.9 billion on ecommerce
The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.
14:48, 2024/10/29
Hanoi steps up inspections to crack down on unsafe food
The purpose of the survey is to gain a thorough understanding of the local food safety situation and to identify non-compliance promptly, allowing for corrective actions to be taken to mitigate health risks.
22:24, 2024/10/23
SEMIEXPO Vietnam 2024 to foster growth of semiconductor industry
The exhibition aims to develop the ancillary industry ecosystem and attract investment from the world's leading semiconductor companies.