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ARTICLE · 23 APRIL 2024

Vietnam's PDP8 Implementation Plan

Russin & Vecchi
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In May 2023 the Prime Minister issued the long-awaited Decision 500, approving the national power development plan which is broadly known as

VietnamEnergy and Natural Resources
Nguyen Huu Hoai
Nguyen Huu Hoai

In May 2023 the Prime Minister issued the long-awaited Decision 500, approving the national power development plan which is broadly known as ("PDP8"). Decision 500 will take effect on May 15, 2023. It covers a term of 27 years (2023 to 2050). It provides general policies, objectives, plans for development of power generation and transmission lines, land use, list of important projects, and a general road map to implement PDP8.

After PDP 8 was issued, the Ministry of Industry and Trade ("MOIT") was assigned to draft a plan to implement PDP8. Several drafts have been submitted and reviewed since issuance. In late March 2024 the MOIT resubmitted the final Draft PDP8 Implementation Plan to the Prime Minister for approval. On April 1, 2024 the Prime Minister issued Decision 262, approving the PDP8 Implementation Plan ("Plan"). Generally, the Plan is consistent with PDP8, but it provides more detail.

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