Vietnam Electricity Standard Report Q4/2019
VIETNAM ELECTRICITY MARKET
The electricity market in Vietnam is still monopolistic when Vietnam Electricity (EVN) is the monopoly unit in the segments of electricity regulation, wholesale, transmission and distribution / retail. Power generation is the only segment that has the presence of entities outside EVN due to the fact that it requires huge investment capital. Over the past 10 years, Vietnam's power industry has been constantly adding supplies to keep up with the strong growth of demand. In the first 9 months of 2019, the total palace supply is estimated to increase x.xx% over the same period in 2018.
In the third quarter of 2019, the estimated electricity output accounted for x.xx% in the proportion of the total supply, an increase of xx.x% compared to the same period in 2018. The demand for electricity in Vietnam is huge, including in short, medium and long term. According to EVN's calculations, to meet the needs of economic development with a growth rate of xx% - x% and achieve the goal by 2020, Vietnam will basically become an industrialized country within 20 years. Electricity demand will have to increase from xx% - xx% per year.
The North-South 500kV ultra-high voltage grid system must constantly transmit high power from the North and the Central to the South, causing power losses. In Q4 / 2019, the electricity loss of the EVN Group was x.xx%, performing better x.xx% than the plan in 2019 (x.x%).
Electricity price in Vietnam is quite low compared to other countries in Asia - Pacific. However, compared to GDP per capita, electricity price in Vietnam is at high level. This is considered one of the reasons why the Government has to cross-subsidize. On March 20, 2019, the Ministry of Industry and Trade officially adjusted electricity price increase at x.xx%, equivalent to VND x, xxx.xx.
The electricity market in Vietnam is still monopolistic when Vietnam Electricity (EVN) is the monopoly unit in the segments of electricity regulation, wholesale, transmission and distribution / retail. Power generation is the only segment that has the presence of entities outside EVN due to the fact that it requires huge investment capital. Over the past 10 years, Vietnam's power industry has been constantly adding supplies to keep up with the strong growth of demand. In the first 9 months of 2019, the total palace supply is estimated to increase x.xx% over the same period in 2018.
In the third quarter of 2019, the estimated electricity output accounted for x.xx% in the proportion of the total supply, an increase of xx.x% compared to the same period in 2018. The demand for electricity in Vietnam is huge, including in short, medium and long term. According to EVN's calculations, to meet the needs of economic development with a growth rate of xx% - x% and achieve the goal by 2020, Vietnam will basically become an industrialized country within 20 years. Electricity demand will have to increase from xx% - xx% per year.
The North-South 500kV ultra-high voltage grid system must constantly transmit high power from the North and the Central to the South, causing power losses. In Q4 / 2019, the electricity loss of the EVN Group was x.xx%, performing better x.xx% than the plan in 2019 (x.x%).
Electricity price in Vietnam is quite low compared to other countries in Asia - Pacific. However, compared to GDP per capita, electricity price in Vietnam is at high level. This is considered one of the reasons why the Government has to cross-subsidize. On March 20, 2019, the Ministry of Industry and Trade officially adjusted electricity price increase at x.xx%, equivalent to VND x, xxx.xx.
Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal barriers
2. CURRENT SITUATION OF THE WORLD ELECTRICITY INDUSTRY
Supply and demand of electricity
3. SITUATION OF VIETNAM'S ELECTRICITY INDUSTRY
3.1 History of Vietnam's electricity industry
3.2 Electricity value chain
3.3 Electricity generation
3.4 Electricity consumption
3.5 Electricity prices
4. PLANNING AND FORECASTING
5. BUSINESS ANALYSIS
5.1 Typical companies in the industry
5.2 Target group of business results
5.3 Group of financial indicators
5.4 Group of payment criteria
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal barriers
2. CURRENT SITUATION OF THE WORLD ELECTRICITY INDUSTRY
Supply and demand of electricity
3. SITUATION OF VIETNAM'S ELECTRICITY INDUSTRY
3.1 History of Vietnam's electricity industry
3.2 Electricity value chain
3.3 Electricity generation
3.4 Electricity consumption
3.5 Electricity prices
4. PLANNING AND FORECASTING
5. BUSINESS ANALYSIS
5.1 Typical companies in the industry
5.2 Target group of business results
5.3 Group of financial indicators
5.4 Group of payment criteria
LIST OF TABLES
Table 1: List of power source projects in operation in 2019
Table 2: Comparison of advantages and disadvantages of hydropower and thermal power
Table 3: Coal-based (thermal) power generation technologies
Table 4: Commercial electricity by distribution companies (million kWh), 2017 - 2018
Table 5: Indicators of electricity supply reliability, 2018 - 2019
Table 6: Electricity access index of Vietnam, 2015 - 2019
Table 7: Electricity access index of countries participating in the CPTPP, 2018 *
Table 8: Avoided cost tariff applied to small and medium hydropower plants in 2019
Table 9: Average electricity wholesale price bracket of EVN for Electricity Corporations in 2018
Table 10: Table of electricity prices for living in 6 grades
Table 11: Electricity generation frame for coal-fired power plants
Table 1: List of power source projects in operation in 2019
Table 2: Comparison of advantages and disadvantages of hydropower and thermal power
Table 3: Coal-based (thermal) power generation technologies
Table 4: Commercial electricity by distribution companies (million kWh), 2017 - 2018
Table 5: Indicators of electricity supply reliability, 2018 - 2019
Table 6: Electricity access index of Vietnam, 2015 - 2019
Table 7: Electricity access index of countries participating in the CPTPP, 2018 *
Table 8: Avoided cost tariff applied to small and medium hydropower plants in 2019
Table 9: Average electricity wholesale price bracket of EVN for Electricity Corporations in 2018
Table 10: Table of electricity prices for living in 6 grades
Table 11: Electricity generation frame for coal-fired power plants
LIST OF FIGURES
Chart 1: Monthly CPI fluctuation, 1/2015 –9/2019
Figure 2: GDP growth rate by quarter, 2016 - 2019
Figure 4: FDI attraction by field, 9M / 2019
Figure 5: Contribution of electricity production and distribution in GDP, 2012 - 9M / 2019
Figure 6: World electricity production, 2010-2018
Figure 7: Structure of world electricity production by region, 2018
Figure 8: Structure of world power supply by fuel source, 2017 - 2018
Figure 9: Top largest electricity producing countries in the world, 2017 - 2018
Figure 10: Contribution structure of world electricity production, 2018
Figure 11: Electricity production in some countries in the world, 2013 - 2018
Figure 12: World electricity consumption, 2009 - 2018
Figure 13: Top 10 largest electricity consuming countries, 2018
Figure 14: Top largest electricity exporting countries, 2018
Figure 15: World electricity export, 2010-2018
Graph 16: Total palace, 2010 - 9M / 2019
Figure 17: Proportion of generation by supplier, 2017
Figure 18: Electricity production structure by raw material source, 2014 - 3M / 2018
Figure 19: Import of electricity from China, 2010 - 9M / 2019
Figure 20: Commercial electricity, 2012-9T / 2019
Figure 21: Vietnam's per capita electricity consumption, 2000-2018e
Figure 22: Electricity consumption structure, 3M / 2019
Figure 23: Electricity elasticity coefficient / GDP, 2010 - 9M / 2019
Figure 24: Time of blackout, 2012 - 2018
Figure 25: Average electricity purchase price of EVN, 1/2017 - 7/2019
Figure 26: Average electricity price, July 2008 - September 2019
Figure 27: Input material price, January 2014 - April 2019
Figure 28: Net revenue, 2017 - 2018
Figure 29: Profit targets, 2017 - 2018
Chart 30: Self-financing rate, 2017 - 2018
Figure 31: Financial expenses, 2017 - 2018
Figure 32: Total assets, 2017 - 2018
Chart 33: Average payment period, 2018
Figure 34: Profitability group, 2018
Figure 35: Inventory days, 2018
Figure 36: Solvency, 2017 - 2018
Chart 1: Monthly CPI fluctuation, 1/2015 –9/2019
Figure 2: GDP growth rate by quarter, 2016 - 2019
Figure 4: FDI attraction by field, 9M / 2019
Figure 5: Contribution of electricity production and distribution in GDP, 2012 - 9M / 2019
Figure 6: World electricity production, 2010-2018
Figure 7: Structure of world electricity production by region, 2018
Figure 8: Structure of world power supply by fuel source, 2017 - 2018
Figure 9: Top largest electricity producing countries in the world, 2017 - 2018
Figure 10: Contribution structure of world electricity production, 2018
Figure 11: Electricity production in some countries in the world, 2013 - 2018
Figure 12: World electricity consumption, 2009 - 2018
Figure 13: Top 10 largest electricity consuming countries, 2018
Figure 14: Top largest electricity exporting countries, 2018
Figure 15: World electricity export, 2010-2018
Graph 16: Total palace, 2010 - 9M / 2019
Figure 17: Proportion of generation by supplier, 2017
Figure 18: Electricity production structure by raw material source, 2014 - 3M / 2018
Figure 19: Import of electricity from China, 2010 - 9M / 2019
Figure 20: Commercial electricity, 2012-9T / 2019
Figure 21: Vietnam's per capita electricity consumption, 2000-2018e
Figure 22: Electricity consumption structure, 3M / 2019
Figure 23: Electricity elasticity coefficient / GDP, 2010 - 9M / 2019
Figure 24: Time of blackout, 2012 - 2018
Figure 25: Average electricity purchase price of EVN, 1/2017 - 7/2019
Figure 26: Average electricity price, July 2008 - September 2019
Figure 27: Input material price, January 2014 - April 2019
Figure 28: Net revenue, 2017 - 2018
Figure 29: Profit targets, 2017 - 2018
Chart 30: Self-financing rate, 2017 - 2018
Figure 31: Financial expenses, 2017 - 2018
Figure 32: Total assets, 2017 - 2018
Chart 33: Average payment period, 2018
Figure 34: Profitability group, 2018
Figure 35: Inventory days, 2018
Figure 36: Solvency, 2017 - 2018
