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

In: Revisiting Electricity Market Reforms

Author

Listed:
  • Thai-Ha Le

    (VinFuture Foundation
    IPAG Business School)

  • Phoumin Han

    (Economic Research Institute for ASEAN and East Asia)

  • Ha-Chi Le

    (Monash University)

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.

Suggested Citation

  • Thai-Ha Le & Phoumin Han & Ha-Chi Le, 2022. "Electricity Market Development in Viet Nam: Historical Trends and Future Perspectives," Springer Books, in: Han Phoumin & Rabindra Nepal & Fukunari Kimura & Gazi Salah Uddin & Farhad Taghizadeh-Hesary (ed.), Revisiting Electricity Market Reforms, pages 45-74, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-4266-2_3
    DOI: 10.1007/978-981-19-4266-2_3
    as

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