In Vietnam, the strategies of electricity industry in general and power generation sector have been formulated through 2 documents: (1) The development strategy of EVN period of 2012-2015, towards 2020 by EVN; và (2) The master plan for national electricity development period 2011 – 2020 and 2030 (Master Plan VII). However, the operations of a competitive power market from July 1st 2012 as instructed by the Prime Minister have made the power sector no longer a monopoly in the economy. VCGM is introduced and developed through 3 levels: (1) Competive generation market until 2014; (2) towards competitive electricity wholesale market from 2015 to 2021; and (3) develop to competitive electricity retail market after 2021 and after 2023 will be perfect competitive electricity retail market. Business strategy has been implemented by EVN to its generation companies for 4 years to adapt to VCGM level 1.