On 14 April 2025 the Ministry of Industry and Trade (“MOIT”) issued Decision No. 1007/QD-BCT (“Decision 1007”) with immediate effect.
Decision 1007 prescribes the price tariff ceiling for electricity imported from Laos to Vietnam for hydropower, coal-fired, and wind power plants which reach commercial operation between 31 December 2025 and 31 December 2030 as:
- 6.95 US cents/kWh for hydropower;
- 7.02 US cents/kWh for coal-fired; and
- 6.95 US cents/kWh for wind power.
The electricity price is valid at the border, the power seller is responsible for the transmission line up to the Vietnam border.
Decision 1007 requires that the cost of energy would be negotiated by the sellers and Electricity Vietnam (EVN) “in line with market mechanisms and prices” under a 25-year power purchase agreement.
Decision No. 2647/QD-BCT, dated 8 October 2024 of the MOIT is repealed.
