Written by Senior Partner Duyen Ha Vo and Foreign Counsel Quynh Anh Le In alignment with the new Electricity Law, the Ministry of Industry and Trade (MOIT) has issued Circular 12/2025/TT-BCT (Circular 12) on tariff determination and the Power Purchase Agreement (PPA) template for power projects. This new Circular takes effect on February 1, 2025, replacing Circular 07/2024/TT-BCT (Circular 07), which was issued just last April. While the tariff determination mechanisms in Circular 12 remain […]
Category: Energy
Written by Senior Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena On 30 November 2024, the 15th National Assembly of Vietnam, at its 8th session, passed the Law on Electricity (amended) [Luật Điện lực (sửa đổi)] (“LOEC 2024”) to address the emerging prospects of the power sector, effective 1 February 2025 (“Effective Date”). The LOEC 2024 provides high level guidance to govern the electricity sector and enables the government to detail further with specific […]
Written by Vaibhav Saxena Valuing life with a climate change countering motto ‘save our planet’ ambitions remain on top priority for the world, enabling action at COP29 hosted by Baku for 2024. COP29 President-Designate letter describes the 2024 UN Climate Change Conference in Azerbaijan as “a litmus test” for the Paris Agreement, global climate action, and cooperation, with a new collective quantified goal (NCQG) on climate finance as its “centerpiece” with an active engagement of […]
Written by Partner Duyen Ha Vo On 31 August 2023, Vietnam’s Deputy Prime Minister Tran Hong Ha signed Decision 1009/QD-TTg approving the Plan (“JETP Plan”) for Implementation of Vietnam’s Political Declaration regarding the Just Energy Transition Partnership (“JETP”). I. THE JETP PLAN According to the JETP Plan, the Ministry of Natural Resources and Environment is tasked to coordinate with other ministries to develop Vietnam’s JETP Resource Mobilization Plan (JETP – RMP) by November 2023. Additionally, […]
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena On 15 May 2023, the Deputy Prime Minister Tran Hong Ha initialed on the Decision No. 500/QD-TTg (the “PDP-8”). PDP-8 lays down the path for Vietnam’s national electricity development for the period from 2021 – 2030 essentially, with a vision to 2050. In furtherance to PDP-8 the Ministry of Industry and Trade (MoIT) submitted Report No. 4225/TTr-BCT dated 3rd July 2023 on the National […]