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ARTICLE · 26 MAY 2023

Vietnam Approves New Power Development Plan

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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On May 15, 2023, Vietnam's Deputy Prime Minister Tran Hong Ha signed Decision No. 500 of the Prime Minister approving the National Power Development Plan for the period 2021-2030...

VietnamEnergy and Natural Resources
Tram Ngoc Bich Nguyen
Tram Ngoc Bich Nguyen
Duong Duy Nguyen
Duong Duy Nguyen
Duc Minh Pham
Duc Minh Pham
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On May 15, 2023, Vietnam's Deputy Prime Minister Tran Hong Ha signed Decision No. 500 of the Prime Minister approving the National Power Development Plan for the period 2021-2030, with a vision to 2050 ("PDP VIII"), following extensive public consultations and multiple rounds of review since the first draft version was circulated in 2021. The plan was approved in the context that in the past few years, a number of large power projects have been behind schedule for operation, while new projects have not been able to be implemented due to waiting for additional planning.

PDP VIII is the master plan for the development of the power source and transmission grid at 220kV or higher; services in renewable energy and new energy in Vietnam; and works connecting the power grids of Vietnam and neighboring countries.

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