In recent years, there has been a notable lack of new capital investment in greenfield energy projects in Vietnam as the market has been awaiting regulatory reforms. On 16 September 2024, the Government of Vietnam enacted...more
On 3 July 2024, the Vietnamese Government enacted Decree No. 80/2024/ND-CP (“DPPA Decree”) on direct power sale and purchase agreement (“DPPA”) mechanisms between renewable energy generation companies (“GENCOs”) and large...more
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
Spanning over 300 pages, the new environmental protection legislation includes fundamental changes in how projects are evaluated by the authorities for environmental approval, permitting mechanisms and more stringent...more