Electricity market development in Vietnam: Historical trends and future outlooks

Thai-Ha Le, Phoumin Han, Ha-Chi Le and Manh-Tien Bui

Utilities Policy, 2023, vol. 81, issue C

Abstract: This study discusses electricity market development in Vietnam, focusing on key achievements and future possibilities. The empirical analysis involves the construction of ESSI, a composite indicator for the security of the electricity supply for Vietnam. Specifically, principal component analysis (PCA) is performed based on eight normalized variables representing four aspects of electricity security. ESSI trends for Vietnam and other ASEAN+6 countries are reviewed and compared during the 1996–2019 period. This research finds that, except for Brunei, the ESSIs of the ASEAN+6 have been on the rise. The findings are robust to different normalization techniques. Policy implications are then offered.

Keywords: Electricity market reform; Electricity security index; Principal component analysis; Normalization; ASEAN+6 (search for similar items in EconPapers)
JEL-codes: C38 P41 Q48 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:81:y:2023:i:c:s095717872300022x

DOI: 10.1016/j.jup.2023.101510

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