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From the Market to the State: New Lessons from Regional Experiences with Power Sector Reform Read chapter Read first chapter

2022 | OriginalPaper | Chapter

Electricity Market Development in Viet Nam: Historical Trends and Future Perspectives

Authors : Thai-Ha Le, Phoumin Han, Ha-Chi Le

Published in: Revisiting Electricity Market Reforms

Publisher: Springer Nature Singapore

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Abstract

This study discusses the process of electricity market development in Viet Nam with a focus on key achievements and future perspectives. The empirical analysis attempts to construct a composite indicator for the security of electricity supply. Specifically, principal component analysis (PCA) is performed based on eight normalised variables representing four aspects of electricity security. The Electricity Supply Security Index (ESSI) trends of Viet Nam and other ASEAN + 6 countries in 1996–2019 are reviewed and compared. This research finds that except for Brunei, the ESSI of ASEAN + 6 (including Viet Nam) has been rising. The findings are robust to different normalisation techniques. Some policy implications are then proposed.

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previous chapter What Have Reforms Delivered So Far?—A Quantitative Analysis of Power Sector Reform Impacts in the ASEAN Economies
next chapter Australia’s National Electricity Market: An Analysis of the Reform Experience 1998–2021
Footnotes
6
In 2011, the Vietnam Competitive Generation Market (VCGM) was established as a pilot, ahead of the planned privatisation of EVN generation companies, followed by full operation in 2012.
 
9
Sovacool and Mukherjee (2011); Winzer (2012); Yao and Chang (2014); Ang et al. (2015); Li et al. (2016); Wang and Zhou (2017); Azzuni and Breyer (2018); Le et al. (2019a, b); Le and Nguyen (2019); Le and Park (2021).
 
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Metadata
Title
Electricity Market Development in Viet Nam: Historical Trends and Future Perspectives
Authors
Thai-Ha Le
Phoumin Han
Ha-Chi Le
Copyright Year
2022
Publisher
Springer Nature Singapore
Book
Revisiting Electricity Market Reforms

Print ISBN: 978-981-19-4265-5

Electronic ISBN: 978-981-19-4266-2

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-981-19-4266-2_3