Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 19 MARCH 2024

Vietnam's National Energy Development Strategy – Key Highlights

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

The Prime Minister of Vietnam has approved the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045.

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
Author LinkedIn connections

The Prime Minister of Vietnam has approved the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045. Please kindly find below our key highlights.
On March 1, 2024, the Prime Minister issued Decision No. 215/QĐ-TTg approving the National Energy Development Strategy of Vietnam until 2030, with a vision to 2045 ("Decision 215"). This decision is to implement the Politburo of the Communist Party of Vietnam's Resolution No. 55- NQ/TW dated 11 February 2020 on orientation of the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045 ("Resolution 55"). It is worth noting that the celebrated Vietnam's National Power Development Plan 8 ("PDP8") was known to be prepared in line with orientations and directions in relation to power sector under Resolution 55. Thus, we believe that upcoming Plan for Implementation of PDP8 and other guidelines of PDP8 would be carefully structured and adopted in line with the National Energy

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’s Power System Is Being Rebuilt: First Grid Battery Signals A Historic Energy Shift

Vietnam's energy sector is undergoing a fundamental transformation as the country moves beyond simply expanding generation capacity to building a sophisticated, integrated electricity ecosystem. With the successful commissioning of its first large-scale grid-connected battery storage system and accelerating developments in solar power, nuclear energy, and transmission infrastructure, Vietnam is systematically creating the regulatory framework and investment environment needed to support one of Asia's most a
VietnamEnergy and Natural Resources
Duane Morris LLP
Duane Morris LLP
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 Power: From Ambition – Part 1 Planning And Market Entry

Vietnam's power sector is transitioning from rapid capacity expansion to system-integrated execution, requiring projects to align with planning frameworks, grid capabilities, and bankable offtake arrangements. As new laws and regulations reshape the investment landscape, developers and financiers must navigate complex approval processes, transmission constraints, and evolving market mechanisms to successfully deploy renewable energy, LNG generation, and storage projects.
VietnamEnergy and Natural Resources
VILAF
VILAF
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