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The Ministry of Industry and Trade Has Officially Issued a Decision Approving the Electricity Import Price Framework From Laos to Vietnam for 2026 Onwards

October 31, 2024

The pipeline of renewable energy projects in Laos which can supply power to Vietnam is constantly growing. On Vietnam side, Power Development Plan VIII envisages growth in the volume of  power imports from with estimates reaching 5,000 to 8,000 MW by 2030, and further increasing to 11,000 MW by 2050.

Predictability of pricing is key to the bankability of such cross-border energy projects.

At the moment the price level is set at 6.95 USCent/kWh for the period until 31 December 2025.

Decision No. 2647/QD-BCT of the Ministry of Industry and Trade of Vietnam, dated 8 October 2024, provides the following in relation to purchases of electricity imported from Laos to Vietnam for hydropower plants and wind power plants operating commercially during the period from December 31, 2025, to December 31, 2030:

• maximum price for hydroelectric plants: 6.78 USCent/ kWh;
• maximum price for wind power plant type: 6.4 USCent/kWh.