Vietnam’s power investment programme depends on projects that can secure financing and allocate construction, offtake, grid and market risks. This second instalment examines the contracts and incentives that shape bankability, then considers the next phase of system integration and energy transition. Part 1 examined the legal framework, project development sequence and investor selection. This instalment focuses on the financing and commercial requirements for project execution. Project Finance & Bankability Framework A typical energy project in […]
Category: Energy
Vietnam’s power market is entering a new phase in which ambitious capacity targets must increasingly translate into system-compatible, executable and financeable projects. The power sector has undergone rapid transformation over the past decade, driven by strong economic growth, rising electricity demand, and increasing policy focus on sustainability. Historically reliant on hydropower and coal-fired generation, Vietnam is now shifting toward a more diversified energy mix with a significant emphasis on renewable energy, with independent power projects […]
On 23 August 2026, the National Assembly of Vietnam adopted the Law on Petroleum (the “New Law”), which will take effect on 1 March 2027 and replace Law No. 12/2022/QH15 on Petroleum (the “2022 Petroleum Law”). The New Law represents a targeted recalibration of Vietnam’s petroleum regulatory framework rather than a significant restructuring. It is built around five policy pillars approved under Resolution No. 81/NQ-CP of the Government dated 3 April 2026: simplifying administrative procedures […]
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), […]
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 […]