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MINISTRY OF
INDUSTRY AND TRADE OF VIETNAM
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SOCIALIST
REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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No. 2647/QD-BCT
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Hanoi, October
08, 2024
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DECISION
on approval for price bracket for electricity
imported from Laos to Vietnam from December 31, 2025
THE MINISTER OF INDUSTRY AND TRADE OF VIETNAM
Pursuant to Law on Electricity dated December 3,
2004 and Law on amendments to Law on Electricity dated November 20, 2012;
Pursuant to Decree No. 96/2022/ND-CP dated
November 29, 2022 of the Government on functions, tasks, powers and
organizational structure of the Ministry of Industry and Trade; Decree No.
105/2024/ND-CP dated August 01, 2024 amending certain Articles of Decree No.
96/2022/ND-CP and Decree No. 26/2018/ND-CP dated September 28, 2018 of the
Government on Charter of organization and operation of Vietnam Electricity;
Pursuant to Decree No. 137/2013/ND-CP dated
October 21, 2013 of the Government of Vietnam elaborating implementation of
certain Articles of the Law on Electricity and the Law on amendments to certain
Articles of the Law on Electricity;
Pursuant to the Agreement on Cooperation in the
Development of Power and Mining Power Works between the Government of the Lao
People's Democratic Republic and the Government of the Socialist Republic of
Vietnam in 2019;
Pursuant to the Agreement on the Cooperation
Plan between the Government of the Lao People's Democratic Republic and the
Government of the Socialist Republic of Vietnam in 2024;
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Pursuant to the Government Office’s Notification
No. 7694/VPCP-QHQT dated October 05, 2023 of the Deputy Prime Minister's
comments on Vietnam's outward investment in 2022 and the first 7 months of
2023;
Pursuant to Decision No. 262/QD-TTg dated April
01, 2024 of the Prime Minister on approval for the Plan to implement the
national power development planning for 2021 - 2030 period, with a vision
toward 2050;
Pursuant to Resolution No. 128/NQ-CP dated
September 08, 2024 of the Government on the Government’s regular meeting in
August, 2024;
At the request of the Vietnam Electricity in
Document No. 2938/EVN-TTD dated May 23, 2024 and the proposal of the Director
of the Electricity Regulatory Authority.
HEREBY DECIDES:
Article 1. Promulgation of a price bracket for
electricity imported from Laos to Vietnam from December 31, 2025
The price bracket for electricity imported from
Laos to Vietnam for hydropower plants and wind power plants operating
commercially from December 31, 2025 is as follows:
- Maximum price for hydropower plants: 6,78
USCent/kWh;
- Maximum price for wind power plants: 6,4
USCent/kWh;
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Article 2. Organization of implementation
1. Pursuant to the price bracket for electricity
imported from Laos specified in Article 1 of this Decision, Vietnam Electricity
and the power generating unit shall negotiate the power purchase price on the
principle that benefits are harmonized and risks are shared and according to
the market mechanism and market price, ensuring the principle of maximum
savings in power generation costs and competitiveness compared to electricity
prices in Vietnam.
2. Vietnam Electricity shall monitor and promptly
submit reports to the Ministry of Industry and Trade in case of major
fluctuations in the parameters for calculating the price bracket for
electricity imported from Laos.
Article 3. Implementation clauses
1. This Decision comes into force from the day on
which it is signed.
2. Chief of the Ministry Office, Director of the
Electricity Regulatory Authority of Vietnam, Director of the Electricity and
Renewable Energy Authority, Director of Department of Legal Affairs, General
Director of Vietnam Electricity and relevant organizations and individuals are
responsible for implementation of this Decision./.
PP. MINISTER
DEPUTY MINISTER
Truong Thanh Hoai