Average residential ESS price per 3MW in Vietnam

About Average residential ESS price per 3MW in Vietnam

These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Vietnam with 150 other countries.

The residential electricity price in Vietnam is VND 1,956.000 per kWh or USD 0.074. The electricity price for businesses is VND 1,993.200 kWh or USD 0.076. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees.

As of 2023, the average electricity price in Vietnam is approximately 1,900 VND per kWh, a figure that reflects ongoing adjustments in the energy market. The state-owned utility company, Electricity of Vietnam (EVN), primarily sets these tariffs. The costs can vary based on several factors.

In May 2025, and Vietnam’s average electricity price per kWH was set at VND 2,204.07 or about US $0.084, excluding value-added tax (VAT), per Decision 599/QD-EVN. This was an increase from an average electricity price per kWH of VND 2,103.1159 or about US $0.0836, excluding value-added tax (VAT).

Vietnam’s latest retail electricity pricing framework introduces an average rate ranging from VND 1,826.22 to VND 2,444.09 per kilowatt-hour (roughly up to USD 0.10 per kWh). The new cap provides more structure and transparency for households and businesses while ensuring the energy market can.

On 3 February 2023, the Vietnam Prime Minister announced a new price bracket of average electricity retail price in Decision No. 02/2023/QD-TTg (“ Decision 02 ”), which replaces Decision No. 34/2017/QD-TTg dated 25 July 2017 on the same matter. Decision 02 came into force on its issuance.

Specifically, Vietnam’s electricity price TTTT for households using 0-100 kWh/month increased from 1,549 VND/kWh to 1,694 VND/kWh. For households using 101-200 kWh/month, the electricity price increased from 1,858 VND/kWh to 2,025 VND/kWh. Households using 201-400 kWh/month also have to pay higher.

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6 FAQs about [Average residential ESS price per 3MW in Vietnam]

How much does electricity cost in Vietnam?

The electricity price for businesses is VND 1,993.200 kWh or USD 0.076. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Vietnam with 150 other countries. Historical quarterly data, along with the latest update from June 2025 are available for download.

Is Vietnam's Electricity price stable in 2023?

In 2023, Vietnam’s electricity price compared to the world is still in the process of adjustment and stabilization. However, electricity prices in Vietnam are still lower than many other countries in the world.

Does EVN sell electricity in Vietnam?

Retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price — In January of 2024, it was losing as much as VND 142.5 per kilowatt-hour sold.

How are electricity prices regulated in Vietnam?

Electricity prices in Vietnam are regulated by the government and vary by sector, voltage level, time of day (normal, off-peak, peak), and geography. Businesses in industrial parks, service sectors, or using wholesale arrangements may face different pricing structures.

How much does a kWh cost in Hanoi?

(Photo: VNA) Hanoi (VNS/VNA) - The bracket of average electricityretail prices has been increased to 1,826.22 VND (0.078 USD) per kWh for thefloor price and 2,444.09 VND (0.1 USD) for the ceiling price, according to thePrime Minister’s Decision No 02/2023/QĐ-TTg dated on February 3.

Who manages the electricity market in Vietnam?

The Ministry of Industry and Transport is the government body in charge of managing Vietnam’s electricity market and supply. It does this through the wholly state-owned power company Electricity Vietnam commonly known as EVN. EVN generates some power, but also buys power from wholesalers, and sells electricity to consumers.