Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 25 MAY 2023

BREAKING NEWS – PDP8 Published! THE POWER DEVELOPMENT PLAN VIII IS FINALLY HERE

Duane Morris LLP
Duane Morris LLP
Contributor
Explore more from Duane Morris LLP

After more than 2 years of consultation, the long-awaited Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg.

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
Author LinkedIn connections

After more than 2 years of consultation, the long-awaited Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg. The approval of PDP8 will heavily influence the development of green energies in Vietnam and guide Vietnam toward the objective of reaching net-zero emissions by 2050. PDP8 will also have an impact on the adoption of the use of green energy technologies for both industrial and non-industrial applications. At a glance, USD134.7 billion is the total investment for the development of energy plans for the period from 2021 to 2030.

Currently, we are conducting in-depth research and analysis on the PDP8 and more detailed information of the PDP8 will be updated by us in the coming day to keep you informed.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Recalibrating Vietnam’s Petroleum Regime: Key Reforms Under The New Petroleum Law

Vietnam's newly adopted Petroleum Law introduces significant regulatory reforms aimed at streamlining approval processes, enhancing contractual flexibility, and establishing frameworks for carbon capture and offshore energy development. The legislation transfers substantial decision-making authority from ministerial levels to Petrovietnam while introducing targeted incentives for marginal fields and enhanced recovery operations.
VietnamEnergy and Natural Resources
VILAF
VILAF
Article

Vietnam Opens The Door To A New Wave Of Energy Investment: Decree 272 Creates Major Opportunities For Foreign Investors

Vietnam's newly promulgated Decree 272/2026/ND-CP establishes a transparent regulatory framework for international energy investment, introducing accelerated approval timelines, reduced administrative burdens, and clear financial requirements for offshore wind and power grid infrastructure projects. Could this decree finally provide the predictable investment environment that foreign developers and financial institutions have been seeking in one of Asia's fastest-growing energy markets?
VietnamEnergy and Natural Resources
Duane Morris LLP
Duane Morris LLP
Article

VIETNAM BIOMASS POWER 2026 – THE RACE FOR BANKABLE PPAs _Why Circular 12 Changes The Game For Foreign Investors – And Why Knowing The Institutions And People Behind The PPA Can Determine Whether A Project Reaches Financial Close

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
VietnamEnergy and Natural Resources
Duane Morris LLP
Duane Morris LLP
Article

DHS Proposes $70,000 And $30,000 Fees For F-1 Optional Practical Training

The Department of Homeland Security has proposed a controversial new rule requiring SEVP-certified schools to pay substantial fees—$70,000 for a student's first Optional Practical Training recommendation and $30,000 for each subsequent OPT application, including STEM extensions. With only a 30-day comment period and potential annual costs reaching up to $16.5 billion across nearly 2,500 affected institutions, the proposed regulation is expected to face significant legal challenges if finalized.
United StatesImmigration
Duane Morris LLP
Duane Morris LLP
Article

SEC Proposes Rule Amendments To Expand Retail Access To Private Markets

The SEC has proposed sweeping amendments to expand retail investor access to private market strategies, including changes to performance-based compensation rules for registered investment advisers and modernization of the interval fund framework. The proposals also explore new credential-based pathways for individuals to qualify as accredited investors, potentially opening private offerings to a broader pool of eligible participants.
United StatesFinance and Banking
Duane Morris LLP
Duane Morris LLP
Article

California Court Of Appeal Finds That An Employment Arbitration Agreement Entered Into “Freely And Voluntarily” Actually Was Forced, Illegal, And Invalid Under California Law

The California Court of Appeal ruled that requiring employees to sign arbitration agreements as a condition of employment violates California Labor Code section 432.6 when the Federal Arbitration Act does not apply. The court found that even agreements stating they are "voluntary" on their face may be unenforceable if evidence shows employees had no real choice but to sign or seek other employment.
United StatesEmployment and HR
Duane Morris LLP
Duane Morris LLP