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ARTICLE · 14 JUNE 2017

Vietnam's New Solar Power Policy

Jones Day
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The Situation: Vietnam's overreliance on coal-fired and hydropower projects have led to energy security concerns.

VietnamEnergy and Natural Resources

The Situation: Vietnam's overreliance on coal-fired and hydropower projects have led to energy security concerns.

The Action: The nation's prime minister signed into law "Decision 11," which supports the development of solar power projects.

Looking Ahead: Very broad in its scope, Decision 11 addresses logistical issues, economic incentives, tax policy, land-use charges, and other related matters.

Effective June 1, 2017, Decision No. 11/2017/QD-TTg ("Decision 11"), supports the development of solar power projects to address energy security concerns related to the overreliance on coal fired and hydropower projects. Vietnam's Prime Minister signed the decision on April 11, 2017. The Ministry of Industry and Trade ("MOIT") also issued a circular containing a draft model power purchase agreement ("Draft PPA"). 

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