News & Analysis as of

Vietnam Renewable Energy

A&O Shearman

Vietnam’s PDP8 gets a makeover

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On April 15, 2025, just under two years after unveiling the original National Power Development Plan for the 2021–2030 period, with a vision up to 2050 (the “PDP8”)1, the prime minister approved updates to the PDP8 (the...more

A&O Shearman

Vietnam: impact on LNG-to-power projects of the new Electricity Law guiding Decree 56

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On March 3, 2025, the Vietnamese government issued Decree No. 56/2025/ND-CP (Decree 56) which provides detailed guidance on the implementation of a number of provisions of the new Electricity Law regarding developing power...more

White & Case LLP

Vietnam in the year ahead

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Vietnam's growth ambitions - Barely two months into the year, Vietnam's parliament has raised the country's GDP growth target for 2025 from 6.5% to 7% to at least 8%. The ambitious GDP target rides on the back of an...more

A&O Shearman

Vietnam’s new Electricity Law – a new beginning?

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The much-anticipated new Electricity Law of the Socialist Republic of Vietnam was passed on November 30, 2024. The new law aims to enhance the development, management, and operation of the power sector in Vietnam by creating...more

BCLP

Powering Up Data Centre Development in SE Asia with New Direct PPA Frameworks

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This insight highlights government initiatives in Southeast Asia that promote data centre development through Direct Power Purchase Agreements schemes. As jurisdictions compete to attract investment in the power intensive...more

Mayer Brown

Implementation Plan to Vietnam’s PDP8 Released

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Following the release of Vietnam’s eighth national power development plan (“PDP8”) in mid-2023, the Prime Minister has now approved the implementation plan to PDP8 under Decision No. 262/QD-TTg (“Decision 262”). As the name...more

A&O Shearman

A future for offshore wind in Vietnam?

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Vietnam’s Power Development Plan VIII ("PDP8") has set an ambitious target of 6GW of offshore wind ("OSW") by 2030. Unlike Vietnam’s previous power development plans that provided a list of projects within scope, PDP8 only...more

Hogan Lovells

Vietnam’s power development plan – From aspiration to reality

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Less than two weeks after the Vietnamese Prime Minister approved the national power development plan for 2021-2030 (“PDP8”), Hanoi and other major northern cities of Vietnam experienced serious electricity supply crunch...more

White & Case LLP

Vietnam Approves Power Development Plan for Cleaner Fuels

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Power Development Plan VIII ("PDP8") calls for expansions to renewable energy generation and development of LNG facilities to aid a gradual phase-out of coal-fired power plants. The plan will require US$134.7 billion in...more

Orrick, Herrington & Sutcliffe LLP

South and Southeast Asia, the Next Frontier of cPPAs

Corporate power purchase agreements (cPPAs) have seen exponential growth in the Southeast Asia region over the last year. This has largely been on account of increased corporate and governmental decarbonisation targets,...more

White & Case LLP

Vietnam's 7GW wind energy ambitions

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On June 25, 2020, the Vietnamese Prime Minister published a list of 91 approved-in-principle wind power projects with an estimated energy generation capacity of seven gigawatts (GW)....more

Akin Gump Strauss Hauer & Feld LLP

Energy in ASEAN: Developments in the Wind Energy Market in Vietnam

Wind power project developers were buoyed in April by the news that Vietnam’s Ministry of Industry and Trade (MOIT) had submitted Official Letter no. 2491/BCT-DL (“MOIT Proposal”) to the government, proposing to extend...more

Akin Gump Strauss Hauer & Feld LLP

Energy in ASEAN: Solar Energy in Vietnam

In the second installment of our series “Energy in ASEAN: The Essentials,” we will take a deeper dive into the solar energy market in Vietnam. In this article, we will provide a recap of the solar story and give an overview...more

Akin Gump Strauss Hauer & Feld LLP

Energy in ASEAN: Renewable Energy in Vietnam

ASEAN: An Economic Powerhouse - The combined gross domestic product (GDP) of the 10 member states of the Association of Southeast Asian Nations (ASEAN) stands at $2.8 trillion—equivalent to ranking fifth in the world’s...more

Hogan Lovells

Lights flicker on for solar feed in tariffs in Vietnam

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On 6 April 2020 the prime minister of Vietnam issued Decision 13 which sets out a new and long awaited feed-in-tariff regime for solar power projects in Vietnam to apply from 22 May 2020. ...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - October 2019 #2

Supreme Court Showdown Set Over Pipeline Crossing of Appalachian Trail - "Led by Dominion and Duke Energy, the company contends that 'long-standing precedent' allows pipelines to cross the 2,000-mile national scenic...more

BCLP

Vietnam Wind 2019: Redux

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A month after our last article - Vietnam Wind - A look ahead to 2019 - was published, Circular 02/2019/TT-BCT (Circular 02) came into effect. Attached to Circular 02 is a new PPA (2019 PPA) for wind farm projects to be used...more

White & Case LLP

Cutting through the noise: Infrastructure in Asia-Pacific 2019 - Sector watch

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While investors are looking at a variety of sectors in the region, our survey reveals that roads are the top priority, while both conventional and renewable energy are still very much on the radar - Our research shows that...more

BCLP

Vietnam Wind

BCLP on

While there are concerns over the support structure and PPA, market interest has been strong and (onshore) wind projects are getting built. Although projects may not be moving forward on a traditional international project...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - November 2018 #4

U.S. Global Change Research Program - Fourth National Climate Assessment - "Impacts, risks and adaptation in the United States Report-in-Brief" Why this is important: The assessment posits the U.S. will lose 10 percent of...more

Jones Day

Vietnam's New Solar PPA: Strong Developer Interest Despite Bankability Concerns

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The Situation: Vietnam's draft model power purchase agreement ("Model PPA") for solar power projects issued in April 2017 departed from international market practice and fell short on bankability. The Action: Vietnam has...more

Jones Day

Vietnam's New Solar Power Policy

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Effective June 1, 2017, Decision No. 11/2017/QD-TTg ("Decision 11"), supports the development of solar power projects to address energy security concerns related to the overreliance on coal fired and hydropower projects....more

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