Vietnam continues to strengthen the legal framework governing its electricity sector through a series of implementing regulations following the enactment of the Electricity Law 2024. Over the past two years, the Government has progressively introduced the regulatory architecture governing electricity trading, renewable energy development and strategic power infrastructure through Decree No. 57/2025/NĐ-CP on the direct electricity trading mechanism (DPPA), Decree No. 58/2025/NĐ-CP on renewable and new energy development (both subsequently amended by Decree No. 243/2026/NĐ-CP), […]
Category: Energy
On 26 June 2026, the Government of Vietnam promulgated Decree No. 243/2026/NĐ-CP (“Decree 243”), introducing comprehensive amendments to Decree No. 57/2025/NĐ-CP on the Direct Power Purchase Agreement (DPPA) mechanism (Cơ chế mua bán điện trực tiếp) and Decree No. 58/2025/NĐ-CP on renewable energy development and self-produced, self-consumed rooftop solar power (điện mặt trời mái nhà tự sản xuất, tự tiêu thụ). Rather than establishing a new regulatory framework, Decree 243 refines the implementation of the […]
On 2 June 2026, the Ministry of Industry and Trade (“MoIT”) issued Circular No. 29/2026/TT-BCT, effective 20 July 2026, regulating the operation of Vietnam’s Competitive Wholesale Electricity Market (“VWEM”), replacing the previous wholesale market framework and incorporating a number of reforms introduced following the Electricity Law 2024, to be amended. While Circular 29 may initially appear to be a technical market-operation regulation, its significance extends well beyond dispatch and settlement procedures. The Circular reflects the […]
Vietnam’s electricity market is no longer undergoing incremental reform—it is being fundamentally restructured. This guide examines the legal and systemic transformation introduced by Circular 36/2025/TT-BCT, an instrument that, while formally framed as an amendment to the competitive wholesale electricity market, in substance redefines the underlying logic through which the market operates. Rather than refining existing mechanisms, the reform reorders the hierarchy of dispatch, integrates contractual and policy constraints into system architecture, and recalibrates the allocation […]
Decree No. 112/2026/NĐ-CP, issued on 1 April 2026, marks Vietnam’s formal entry into the legal architecture of international carbon markets, following its launch of the Carbon Exchange in January, 2026. It is not simply an implementing regulation under environmental law. It is the first instrument that defines, in operational terms, how emission reduction results and carbon credits generated in Vietnam—including those recognised as internationally transferred mitigation outcomes (ITMOs)—may be accounted for and transferred across borders. […]