Consistent with this policy, the Prime Minister approved the Power Market Development Roadmap (the Roadmap) in the PM Decision No. 26 in 2006, and revised it later in the PM Decision No. 63 in 2013, to outline the overall plan for gradually transforming Viet Nam’s electricity industry into one that has competitive wholesale and retail electricity markets. The Roadmap defines a transition between three major stages of reform: (1) Viet Nam Competitive Generation Market (VCGM); (2) Viet Nam Wholesale Electricity Market (VWEM), and (3) Viet Nam Retail Electricity Market (VREM). As the VCGM has been operating from July 2012, the current focus in Viet Nam at this time is to finalise the VWEM Rules based on the VWEM Detailed Design under MOIT Decision No. 8266 (dated 10 August 2015) and to establish a transition path from the current VCGM to the VWEM.