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In an award issued on 22 May 2015, an international Arbitral Tribunal constituted under the Arbitration Rules of the International Chamber of Commerce (ICC) and comprised of leading international arbitrators Gary Born (Chairman), David A. R. Williams QC and Yves Derains has unanimously agreed with PetroVietnam’s position in a major tax incentive dispute under a production sharing contract for a Vietnamese offshore oil concession.  All claims against PetroVietnam were rejected and the claimants were ordered to reimburse PetroVietnam’s costs of arbitration in full.

The Ministry of Industry and Trade (MOIT) has just issued Document No. 9608/BCT-DL, dated December 16, 2019, to the People's Committees of the provinces and cities directly under the Central Government and the Electricity of Vietnam, on stopping proposals and agreements for solar power projects (SPPs) under Feed in Tariff (FIT) mechanism.

On April 6, 2020, the Prime Minister issued Decision No 13/2020 (for replacing the Decision No 11/2017 invalid from June 30, 2019) on the incentive mechanism for solar power development in Vietnam. This decision takes effect on May 22, 2020.

Ministry of Industry and Trade (MOIT) has recently issued a Regulation on commitment to develop power plant projects and mechanism to handle the projects behind the committed schedule.

The Ministry of Industry and Trade (MOIT) is organizing a public consultation on the draft Decree stipulating the mechanism for developing power projects using domestic natural gas, imported liquefied natural gas (LNG) and some main contents, applicable in electricity purchase contracts. Below is the main content of this draft.

The working group of the Prime Minister headed by the Chairman of Government Office - Minister Mai Tien Dung has just concluded checking results of Petrovietnam. In the conclusion, Minister Dung asked Ministry of Finance to advise the government, Prime Minister to consider a special mechanism on providing guarantee of parent company to the subsidiaries for foreign loans in proportion to PVN capital contribution in Long Son Petrochemical Company Limited to invest  Petrochemical Complex in Southern Vietnam.

Vice Prime Minister (VPM) Trinh Dinh Dung has officially approved ‘Non-benefit operating mechanism for Song Doc Field’. It is a special milestone on the management mechanism of oil and gas exploration and exploitation in history of Vietnam petroleum sector.

Deputy Prime Minister Tran Hong Ha has just worked with leaders of the Ministry of Industry and Trade (MOIT) the Electricity of Vietnam (EVN), and a number of the relevant ministries and agencies to implement the goal in the Power Development Planning VIII (PDP VIII), which is 2030 Vietnam will have 50% of office buildings and 50% of residential houses use self-produce and self-consumption rooftop solar power projects (for on-site consumption, not selling electricity into the national electricity system).

The Ministry of Industry and Trade (MOIT) has just sent a report to the Prime Minister on studying and developing a direct power purchase (DPPA) mechanism between renewable energy generators and large electricity users.

The Binh Thuan Wind Power Association has proposed the Prime Minister (PM) and Ministry of Industry and Trade (MOIT) to extend the mechanism on supporting wind power development in Decision No 39/2018/QĐ-TTg for 14 months.

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.

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).

The Electricity and Renewable Energy Department (Ministry of Industry and Trade - MOIT) has just issued a written document to the Vietnam Energy Association (VEA) on the petition about “Extending the FIT mechanism for the wind and solar power projects” (according to the Paper No. 2040/ PC-VPCP dated December 7, 2020, from the Government Office to the MOIT).

Vietnam Energy Association (VEA) has just sent to the Prime Minister the official Document No 48/HHNL- VP dated on September 25, 2019 for suggesting a proposal of a mechanism to encourage development of solar power projects in Vietnam.

On November 13, 2019, at the Government Headquarter, Prime Minister Nguyen Xuan Phuc chaired the Meeting of the standing members of the government on the Draft of Solar Power Development Promotion Mechanism in Vietnam, applied from the 1/7/2019, following the Decision No. 11/2017 / QD-TTg dated 11/4/2017 of the Prime Minister (Decision 11).