On 26 June 2025, the Ministry of Industry and Trade (MOIT)
issued Decision No. 1824/QD-BCT approving the electricity
generation price framework for offshore wind power projects in 2025
("Decision 1824"). Decision 1824 sets out ceiling tariffs
for offshore wind power projects in different regions, reflecting
the differences in investment and operating conditions. According
to Decision 1824, the ceiling tariffs of offshore wind power
projects are as below:
Regions North region Southern region South Central region
Ceiling tariffs VND3,975.1/kWh, equivalent VND3,868.5/kWh,
equivalent VND3,078.9/kWh, equivalent
to 15.49 US cents/kWh to 15.07 US cents/kWh to 11.99 US
cents/kWh
It is worth noting that these ceiling tariffs match the previous
proposal of Electricity Vietnam (EVN). According to EVN, the
development of the electricity generation price framework is based
on the calculation of the average investment rate for offshore wind
power development in Vietnam,
