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ARTICLE · 06 JUNE 2024

Recent Solar Power Developments In Vietnam

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

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As Vietnam continues its rapid economic development, the demand for sustainable and reliable energy sources has never been more critical. Solar power has emerged as a key component of Vietnam's...

VietnamEnergy and Natural Resources
Tram Ngoc Bich Nguyen
Tram Ngoc Bich Nguyen
Duc Minh Pham
Duc Minh Pham
Phuong Thi Ha Tran
Phuong Thi Ha Tran
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As Vietnam continues its rapid economic development, the demand for sustainable and reliable energy sources has never been more critical. Solar power has emerged as a key component of Vietnam's strategy to diversify its energy portfolio and reduce its carbon footprint. Recent developments of the regulatory framework governing solar power projects in Vietnam, as discussed below, highlight the country's commitment to renewable energy and its efforts to create a conducive environment for solar power investments.

Objectives for the Development of Solar Power Projects

On May 15, 2023, the Prime Minister issued Decision No. 500/QD-TTg, approving the National Power Development Plan for 2021-2030 with a vision to 2050 ("PDP VIII"). Following this, on April 1, 2024, the Prime Minister promulgated the Implementation Plan for PDP VIII ("Implementation Plan"). These documents underscore Vietnam's commitment to promoting renewable energy, particularly solar. They emphasize

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