Assessment of Power Sector Reforms in Viet Nam

Country Report

Business & Finance, Industries & Professions, Industries
Cover of the book Assessment of Power Sector Reforms in Viet Nam by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292571047
Publisher: Asian Development Bank Publication: September 1, 2015
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292571047
Publisher: Asian Development Bank
Publication: September 1, 2015
Imprint: Asian Development Bank
Language: English

Viet Nam envisions a completely competitive power sector in the long term, including full wholesale and retail competition. To attain this goal, it unbundled its power sector's monopoly structure and instituted institutional, regulatory, and pricing reforms. Although considerable progress has been made, implementation has not been expeditious, with the government still retaining a strong vested ownership and management interest in the power sector. Further restructuring is needed to ensure complete independence of the system players and to attain pricing transparency. In this country report, the Asian Development Bank assesses Viet Nam's experience in reforming its power sector for insights that other Asian developing economies could find useful when pursuing their own power sector planning and policy and strategy formulation.

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Viet Nam envisions a completely competitive power sector in the long term, including full wholesale and retail competition. To attain this goal, it unbundled its power sector's monopoly structure and instituted institutional, regulatory, and pricing reforms. Although considerable progress has been made, implementation has not been expeditious, with the government still retaining a strong vested ownership and management interest in the power sector. Further restructuring is needed to ensure complete independence of the system players and to attain pricing transparency. In this country report, the Asian Development Bank assesses Viet Nam's experience in reforming its power sector for insights that other Asian developing economies could find useful when pursuing their own power sector planning and policy and strategy formulation.

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