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ARTICLE · 29 MAY 2023

Vietnam's PDP8 Released

Mayer Brown
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In an eagerly awaited and very exciting development for the Vietnamese power market, Vietnam's eighth national power development plan ("PDP8") has finally been approved...

VietnamEnergy and Natural Resources
Benjamin Thompson
Benjamin Thompson
David Harrison
David Harrison
Matthew B. Chow
Matthew B. Chow
Hai Thao Nguyen
Hai Thao Nguyen
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In an eagerly awaited and very exciting development for the Vietnamese power market, Vietnam's eighth national power development plan ("PDP8") has finally been approved by the Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg.

PDP8 sets out the country's electricity roadmap for the period through to 2030, with a vision towards 2045 and, most significantly, represents Vietnam's clearest commitment towards decarbonisation since it announced its net zero ambitions at the COP26 Summit in October 2021. In a country with such abundant renewable resource, this is promising news for an investor market hungry for opportunities across the energy transition sector.

Like others we are still digesting the full contents with our Vietnam based colleagues, but immediate takeaways of note include:

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