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ARTICLE · 28 JULY 2022

Vietnam – Latest Update From Moit Regarding Power Master Plan 8

Duane Morris LLP
Duane Morris LLP
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On 25 July 2022, the Ministry of Industry and Trade (MOIT) issued Letter No. 4329/BCT-DL reporting to the Government on the implementation of provisions under the Power Master Plan 8 (PDP 8).

VietnamEnergy and Natural Resources

On 25 July 2022, the Ministry of Industry and Trade (MOIT) issued Letter No. 4329/BCT-DL reporting to the Government on the implementation of provisions under the Power Master Plan 8 (PDP 8).

Key points in the Letter:

1. Status of the power system and implementation of national electricity planning

a) Consumption of commercial electricity in the period 2011-2020:

The average growth rate of commercial electricity in the period 2011-2015 reached 10.7%/year, in the period 2016-2020 reached 7.7%; for the whole period 2011-2020, reached 9.6%/year (only 3.4% in 2020 due to the impact of the Covid-19 pandemic).

Electricity consumption is concentrated mainly in the North and the South, accounting for over 90% of the total electricity consumption of the country. The Central region accounts for a low percentage, less than 10%. The proportion of electricity consumption in the North tends to increase gradually (39.2% in 2011, 44.1% in 2020), the South tends to

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