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 […]
Category: Energy
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. […]
On 21 January 2026, the Government issued Decree No. 30/2026/NĐ-CP (“Decree 30”), with effect[1] and replacing Decree No. 21/2011/NĐ-CP and detailing implementation of the Law on Economical and Efficient Use of Energy (as amended in 2025). Decree 30 materially strengthens Vietnam’s energy efficiency governance framework by: Formalizing compliance obligations for key energy-consuming facilities; Centralizing and professionalizing the regulation of energy audit organizations; Tightening the energy labeling and market surveillance regime; Establishing the legal framework for […]
On 19 January 2026, the Government of Vietnam issued Decree No. 29/2026/NĐ-CP (“Decree 29”), with effect to formally establishing the legal, institutional and operational framework for Vietnam’s domestic carbon exchange. Decree 29 represents a major milestone in Vietnam’s climate and market-based emissions reduction policy. It operationalizes the carbon market roadmap under Decree No. 06/2022/NĐ-CP, as amended by Decree No. 119/2025/NĐ-CP, and integrates environmental regulation with Vietnam’s securities market infrastructure. Key Highlights Creation of a centralised, […]
On 11 December 2025, the National Assembly of Vietnam adopted Resolution No. 253/2025/QH15 on special mechanisms and policies for national energy development during the 2026–2030 period. The Resolution will take effect on 1 March 2026 and remain effective until 31 December 2030, subject to transitional protections for approved projects. The Resolution establishes an exceptional, time-limited legal framework designed to accelerate investment, remove procedural bottlenecks, strengthen energy security, and facilitate Vietnam’s energy transition. It introduces planning […]