Organizational structure of the Ministry of Industry and Trade of Vietnam

Organizational structure of the Ministry of Industry and Trade of Vietnam (Internet image)

1. Organizational structure of the Ministry of Industry and Trade of Vietnam 

The organizational structure of the Ministry of Industry and Trade includes:

* The organizations assisting the Minister of Industry and Trade of Vietnam in performing the state management functions:

- Planning and Finance Department.

- Science and Technology Department.

- Asia-Africa Market Department.

- European-American Market Department.

- Multilateral Trade Policy Department.

- Domestic Markets Department.

- Oil, Gas and Coal Department.

- Energy Efficiency and Sustainable Development Department.

- Department of Personnel and Organization.

- Department of Legal Affairs.

- Ministry Inspectorate.

- Ministry Office.

- Directorate of Market Surveillance.

- National Competition Commission.

- Electricity Regulatory Authority of Vietnam.

- Industry Agency.

- Electricity and Renewable Energy Authority.

- Trade Remedies Authority of Vietnam.

- Vietnam Trade Promotion Agency.

- Agency for Regional Industry and Trade.

- Agency of Foreign Trade.

- Industrial Safety Techniques and Environment Agency.

- Vietnam E-commerce and Digital Economy Agency.

- Vietnam Chemicals Agency.

* Administrative units serving the Ministry’s state management functions.

- Vietnam Institute of Industrial and Trade Policy and Strategy.

- Vietnam Economic News.

- Trade and Industry Magazine.

- Vietnam Institute for Industry and Trade Studying.

Each of the Multilateral Trade Policy Department, the Asia-Africa Market Department, and the European-American Market Department may be comprised of up to 3 divisions.

The Minister of Industry and Trade of Vietnam shall submit the Decree defining the functions, tasks, powers and organizational structure of the National Competition Commission to the Government for promulgation.

The Minister of Industry and Trade of Vietnam shall submit the Decision defining the functions, tasks, powers and organizational structure of the Directorate of Market Surveillance to the Prime Minister for promulgation; promulgate the list of other public administrative units affiliated to the Ministry of Industry and Trade of Vietnam.

(Article 3 of Decree 96/2022/ND-CP)

2. Duties and powers of the Ministry of Industry and Trade regarding electricity regulatory activities in Vietnam

Duties and powers of the Ministry of Industry and Trade regarding electricity regulatory activities include:

- Formulate and organize the implementation of regulations on operation of competitive electricity market;

- Direct the formulation of electric power supply plans, inspect and supervise the electric power supply and operation of electrical grids so as to ensure the balance of electricity supply and demand; do research, propose and manage solutions for balancing electricity supply and demand;

Provide guidance on conditions and procedures for temporary suspension or shutdown of electricity supply or reduction of electric power consumption; conditions and procedures for connection to the national electrical grid;

- Play the leading role and cooperate with the Ministry of Finance of Vietnam in establishing and submitting the bracket of average retail electricity prices, the mechanism for adjustment of electricity prices and structure of retail electricity prices to the Government for consideration; organize the implementation of mechanisms and policies on electricity prices;

- Play the leading role and cooperate with the Ministry of Finance of Vietnam in providing guidelines on methods for determination of electricity generation, wholesaling and transmission prices, prices of ancillary services, load dispatch service charges, and electricity market transaction management fees;

Consider giving approval of load dispatch service charges and electricity market transaction management fees after obtaining approval from the Ministry of Finance of Vietnam; consider giving approval of electricity generation, wholesaling and transmission prices, prices of ancillary services;

Inspect fixed-term power purchase agreements signed between electricity generating units and electricity purchasing units, and fixed-term wholesale power contracts in accordance with the Government’s regulations;

- Resolve disputes arising in electricity market;

- Instruct and inspect the compliance with regulations of law and take actions against violations in electricity sector in accordance with regulations of law;

(Clause 7 Article 2 of Decree 96/2022/ND-CP)

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