Market Size Analysis 2017-2021 and Forecast 2022-2031
DUBLIN, September 21, 2022 /PRNewswire/ — The “Research Report on from vietnam Electricity Industry Report 2022-2031″ has been added to from ResearchAndMarkets.com offer.
With a large population, strong economic growth and rapidly declining reserves in existing oil and gas fields, Vietnam is one of the fastest growing energy import markets Asia. from vietnam annual electricity demand is expected to increase by 10% to 12% per year over the next decade, making it one of the fastest growing countries in the world. Asia in terms of electricity consumption.
Vietnam has medium strength on the power generation side, but is growing rapidly. According to ENI March 2021 report, the total installed capacity of from vietnam electrical system will be around 56 GW by 2020. from vietnam the energy mix has the largest share of coal-fired electricity and hydroelectricity at 34% and 30% respectively, gas turbine and oil-fired thermoelectric energy at 15%, solar (including rooftop solar) at 24%, wind power at 1%, biomass electricity at around 1%, and hydroelectricity imported from Laos at 1%.
The total number of power plants in operation in Vietnam is around 162 (excluding small hydroelectric power stations and renewable energies). the maximum load capacity of the electrical system in 2020 is approximately 38.7 GW, and the gross reserve rate of the electrical system (excluding wind and solar) is 34.3%. According to the Vietnamese government, the installed capacity is expected to reach 125-130 GW by 2030, doubling the installed capacity within 10 years. from vietnam The CAGR of power generation is expected to reach 5.7% from 2021 to 2030.
Retail electricity tariffs in Vietnam are approved by the Prime Minister of the Government and have a uniform tariff policy throughout the country, with low tariff levels compared to other countries in the region. Higher electricity tariffs for industrial, commercial and foreign consumers subsidize electricity bills for urban and rural residents.
To attract more private sector investment in IPP projects, the Ministry of Industry and Trade and EVN (Vietnam Electricity) are pushing the government to gradually deregulate electricity prices, according to the analysis. Under current regulations, EVN can raise or lower electricity prices every six months without government approval, within a range of 10% each time the cost of electricity generation (price of fuel, exchange rate, production mix changes, etc.) increases by 3%, and government approval is required for price changes greater than 10%. The current average price of electricity in Vietnam is VND1,533-2,580 (6.3 to 10.75 cents) per kWh, depending on usage.
Vietnam has experienced rapid economic development in recent years, with strong potential for future economic growth. Since the beginning of 2022, Vietnam gradually got rid of the adverse effects of COVID-19, which is conducive to new inflow of foreign capital and will boost electricity demand to maintain high growth.
It is expected that over the next few years, Vietnam will gradually reduce the share of thermal energy production while Vietnam will work to accelerate the development of renewable energies (hydraulic, wind, solar, biomass, etc.).
The analyst recommends that investors actively explore the possibility of investing in wind and solar energy as well as developing pumped storage hydroelectric power plants. On the other hand, they can continue to install clean and efficient thermal power plants in certain areas and prioritize the development of mine coal power by using clean coal power technology in shortage areas. of electricity and coal production in the northwest. Vietnam.
General view of from vietnam energy sector
The economic and political environment of from vietnam energy sector
What is the impact of COVID-19 on the electricity sector in Vietnam?
Vietnam Electricity industry market size 2017-2021
Vietnam Electricity Industry Market Forecast 2022-2031
Vietnam Electricity Import and Export Analysis
Analysis of the main electricity companies in Vietnam
Key Drivers and Market Opportunities in from vietnam Electricity sector
What are the main drivers, challenges and opportunities for from vietnam electricity sector during the forecast period 2022-2031?
What is the expected income from from vietnam electricity sector over the forecast period 2022-2031?
Which segment of the Vietnam electricity industry market is expected to dominate the market in 2031?
What are the main negative factors facing the electricity sector Vietnam?
Main topics covered:
1 Overview of Vietnam
1.1 Geographical location
1.2 Demographic structure of Vietnam
1.3 from vietnam economy
1.4 Minimum wage in Vietnam 2011-2022
1.5 Impact of COVID-19 on from vietnam energy sector
1.6 About the analyst
2 Vietnam energy industry development environment
2.1 Brief history of electricity development in Vietnam
2.2 Types of electricity in Vietnam
2.3 Policy environment for from vietnam electricity sector
3 Vietnam supply and demand situation in the electricity sector
3.1 Vietnam electricity industry supply situation
3.2 Vietnam electricity industry demand situation
4 from vietnam electricity industry import and export status
4.1 from vietnam electricity industry import status
4.1.1 from vietnam volume and value of electricity imports
4.1.2 from vietnam main sources of electricity imports
4.2 Export Status of from vietnam electricity industry
4.2.1 from vietnam volume and value of electricity exports
4.2.2 from vietnam main electricity export destinations
5 Vietnam Electricity Industry Market Competition
5.1 Barriers to entry into from vietnam electricity industry
5.1.1 Barrier Mark
5.1.2 Barriers to quality
5.1.3 Capital barriers
5.2 Competitive Structure of from vietnam Electricity industry
5.2.1 Bargaining power of electricity suppliers
5.2.2 Bargaining power of consumers
5.2.3 Competition in from vietnam electricity sector
5.2.4 Potential Electricity Industry Entries
5.2.5 Alternatives to electricity
6 Major Power Companies Analysis Vietnam
6.1 Quang Ninh Thermal Power JSC (QTP)
6.2 Pha Lai Thermal Power JSC
6.3 Tkv Thermal Campha (NCP)
6.4 Ninh Binh Thermal Power JSC
6.5 Thermal power of Hai Phong SJC
6.6 Hydroelectric Power Station Joint Stock Company
6.7 An Giang Power and Water Supply Joint Stock Company
6.8 Dai Truong Thanh Holdings Energy Investment Joint Stock Company
6.9 Tra Vinh Rural Electricity Development Joint Stock Company
6.10 EVN International Joint Stock Company
7 Vietnam Power Sector Outlook 2022-2031
7.1 Growth Factors Analysis of from vietnam electricity sector
7.1.1 Development Drivers and Opportunities in from vietnam Electricity sector
7.1.2 Threats and challenges to from vietnam electricity sector
7.2 Vietnam Electricity Industry Supply Forecast
7.3 Vietnam Electricity Market Demand Forecast
7.4 Vietnam Electricity Import and Export Forecast
For more information about this report visit https://www.researchandmarkets.com/r/nul201
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