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ベトナムのバイオマス発電セクターは根本的な転換期を迎えており、固定価格買取制度から洗練された電力市場へと移行しています。外国人投

Vietnam's biomass energy sector enters a transformative phase as Circular 12/2025/TT-BCT establishes an expressly negotiable Power Purchase Agreement framework, fundamentally changing how foreign investors must approach project bankability. Understanding the institutions and decision-makers behind PPAs—from MOIT and EVN to EVNEPTC and NSMO—now determines whether biomass projects can achieve financial close, as tariff methodologies, fuel security, grid access

Vietnam's biomass power sector is undergoing a fundamental transformation as the country moves toward a sophisticated electricity market where project-specific pricing, negotiated Power Purchase Agreements, and bankability increasingly determine success. For foreign investors, understanding Circular 12's negotiable PPA framework and knowing the specific Vietnamese institutions and decision-makers controlling each approval process can mean the difference between a project reaching financial close or stalling

Although Vietnam has long had favorable wind patterns and supporting geography, the serious development of wind power has only recently begun.