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

Thai-Ha Le, Phoumin Han and Ha-Chi Le
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Phoumin Han: Economic Research Institute for ASEAN and East Asia
Ha-Chi Le: Monash University

A chapter in Revisiting Electricity Market Reforms, 2022, pp 45-74 from Springer

Abstract: 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.

Keywords: Electricity market reform; Electricity security index; Principal component analysis; Normalisation; ASEAN + 6; C38; P41; Q48 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-4266-2_3

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DOI: 10.1007/978-981-19-4266-2_3

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