According to ADB website, the government of Vietnam began a series of reforms in 2004 towards a competitive electricity market, power sector unbundling and restructuring, and market-based tariffs. However, reform results started to appear only recently with the Vietnam competitive generation market (VCGM) established as a single buyer model in 2012. Fundamental issue remain, however, resulting in deteriorating power sector sustainability due to constraints related to dominant public sector-led development, and from below-cost electricity tariffs. To address these issues, ADB has supported the government in further reform actions to develop the VCGM into the Vietnam wholesale electricity market (VWEM) as a multi-buyer model, to be followed by retail market development. This assistance is through the Market-oriented Power Sector Reform Program (MPSRP).
Executing Agency: Ministry of Industry and Trade
54 Hai Ba Trung St.
Hanoi, Viet Nam
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main