Vietnam, amongst others, has electricity prices capped and differentiated for different users (the energy-intensive heavy industries being the most subsidised). More than US$2.5 billion is spent yearly to subsidise electricity prices from national utility EVN, distorting any competitive advantage renewable energy sources could have in a country with plenty of sun and wind resources.

Eco-Business: With the plunge in oil prices, countries in Southeast Asia have a golden opportunity to abolish fuel subsidies and introduce transparency in pricing. Image: Shutterstock
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