Policy - Planning

The Ministry of Industry and Trade (MOIT) has just sent a document to the People's Committees of Provinces, cities and Electricity of Vietnam (EVN) to implement Government Decree 80/2024/ND-CP, dated July 3, 2024, on the DPPA mechanism between the renewable energy generators and large electricity users in the whole country.

The Government issued Decree No. 80/2024/ND-CP dated July 3, 2024 regulating the direct power purchase agreement (DPPA} mechanism between renewable energy generators and large electricity users. Below is the main content of the Decree, along with some initial comments and recommendations from Vietnam Energy Magazine experts.

Deputy Prime Minister Tran Hong Ha signed the Decision for approving the Vietnam National Power Development Planning in the period 2021-2030 with a vision to 2050 (PDP VIII). The following are some main contents of the PDP VIII.

Deputy Prime Minister Le Minh Khai signed and promulgated Decision No. 05/2024/QD-TTg regulating the mechanism for adjusting the average retail electricity price (replacing Decision 24/2017/QD-TTg). This decision takes effect from May 15, 2024.

Prime Minister Pham Minh Chinh has just signed Decision 1447/QD-TTg dated November 22, 2023, to establish the State Steering Committee for important national and key energy projects.

The Government Office has just sent the Notice of Conclusion No. 457TB-VPCP of the Government Permanent on solutions to ensure electricity supply in 2024. Below is the main content of the Conclusion.

In a report sent to the Prime Minister, the Scientific Council of Vietnam Energy Magazine said: The key of Block B Chain needs an Investment Decision (FID) to deploy the general domestic and international contractor package at the upstream stage, as a basis for the synchronous implementation of component projects in the entire Block B - O Mon project chain, including a pipeline system transporting gas from offshore to O Mon (midstream stage) and power plants in O Mon and Can Tho (downstream stage). After analyzing the necessary and sufficient conditions to have FID, from the downstream side (4 power plants), and the upstream side (Block B project), as well as time pressure and progress, the Scientific Council of Vietnam Energy Review has proposed to the Prime Minister to consider the direct following specific contents:

On August 17, 2023, in Ho Chi Minh City, the Committee on Science, Technology and Environment of the Vietnam National Assembly in collaboration with the Scientific Council of Vietnam Energy Review has successfully organized the workshop on "Implementing the Power Development Planning (PDP VIII) - The challenges and policy suggestions".

On August 17, 2023, in Ho Chi Minh City. In Ho Chi Minh City, the Committee on Science, Technology and Environment of the Vietnam National Assembly collaboration with the Science Council of Vietnam Energy Review organize a workshop on "Implementation of Power Development Plan VIII - Challenges and Policy Suggestions". Specifically: Session 1: Identifying challenges for the investors of power plants and power grid, Session 2: The important, preference projects and policies, solutions of the State for implementation, Session 3: The policies, solutions on capitals, technologies, and service supply chain.

At the International Convention Center (35 Hung Vuong, Hanoi), the Committee on Science, Technology and Environment of the National Assembly and the Science Council of Vietnam Energy Review have successfully organized the 3rd Vietnam Clean Energy Forum with the theme: "Development of gas and wind power infrastructure in Vietnam". The organizing committee summarizes the main contents of the Forum below for readers' reference.

Electricity of Vietnam (EVN) has just decided to adjust the average electricity retail price by VND 1,920.3732/kWh (excluding value added tax - VAT) from May 4, 2023.

The Ministry of Industry and Trade (MOIT) has just sent a document to the Ministry of Justice requesting the review the effectiveness of legal documents of the Government and the Prime Minister.

The Government Office has just announced the conclusion of Deputy Prime Minister Tran Hong Ha at a meeting on building the legal framework for renewable energy (RE) and making the draft mechanism for the pilot direct power purchase agreement (DPPA).

On the morning of December 12, in Hanoi, the Committee for Management of State Capital at Enterprises was presided over by Mr. Nguyen Hoang Anh - Chairman of the Committee. At the Conference for deploying Decision No. 1479/QD-TTg of the Prime Minister and the Plan for mobilizing resources of the groups and corporations participating in activities and projects in the program of the socio-economic rehabilitation and development, the Electricity of Vietnam (EVN) proposed to apply the market mechanism for electricity prices, as the input factors increase, the electricity prices automatically increase and vice versa in a timely manner (similar to the mechanism to adjust the gasoline prices).

On August 30, 2022, in Ho Chi Minh City, the Department of Electricity and Renewable Energy (Ministry of Industry and Trade) in collaboration with the Scientific Council of Vietnam Energy Review, the Energy Information Centre held the International conference with the object "Policies for developing the wind, solar and gas power projects in Vietnam". The conference was divided into three sessions (two morning sessions and one afternoon session).