VILAF is delighted to announce that the financing of the Nhon Trach 3 and 4 LNG-to-power project has been awarded a 2024 Deal of the Year Award in the Projects Category by China Business Law Journal. In addition, the project has been named a finalist for the ALB Southeast Asia Law Awards 2025, which will be held in May 2025. VILAF acted as Vietnamese legal counsel to Citibank and ING Bank in the financing of […]
Category: Energy
In a significant stride towards sustainable energy transformation, the Vietnamese government has approved the Revised National Power Development Plan VIII (PDP-8) under Decision No. 768/2025/QD-TTg (the “Revised plan”), outlining the country’s electricity roadmap for the 2021–2030 period with a forward-looking vision to 2050. The Revised plan, initialed on April 15, 2025, is aligned with Vietnam’s commitments under the Law on Planning 2017, the Electricity Law 2024, and international climate goals, including pledges made at COP26 […]
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 57/2025 (“Decree 57”) with effect from March 03, 2025, guiding the Law on Electricity 2024, and regulating direct electricity purchase and sale mechanism between renewable energy generators and large electricity users (“DPPA”). Renewable Energy (RE) Generation Units Solar, wind, ocean (including tides, ocean waves and currents), geothermal, hydro, biomass, waste-to-energy… Electricity Traders – National Grid Grid-connected solar, wind […]
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 58/2025 (“Decree 58”) with effect from March 03, 2025, guiding the Law on Electricity 2024 on areas related to development of renewable energy (RE) and new energy (NE) electricity sources. Key Defined Terms Surplus electricity seller: means an organization or individual owning the self-produced/self-consumed power source or the one taking over rights and obligations of the primary. Buyer […]
Written by Senior Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 18/2025 (“Decree 18”) with effect from February 08, 2025, first one guiding the Law on Electricity 2024 on areas related to electricity purchase and sale activities to ensure power supply. Consumption and Performance Guarantee Electricity buyer to have an average contracted consumption of 1,000,000 kWh/month or more. If the above stated average electricity consumption is lower, but […]