Due to the spread of COVID-19, the prime minister in Directive No. 11/CT-TTg dated 4 March 2020 identified public investment as a fulcrum for economic growth and, in addition, an increase in public spending with a focus on the greater disbursement of public investment is a key measure to help Vietnam’s economy recover in the post-pandemic period.
On 5 March 2020, the Prime Minister of Vietnam officially issued Decision No. 08 amending Decision No. 24/2014/QD-TTg dated 24 April 2014 (“Decision No. 24”) on support mechanisms for the development of biomass power projects in Vietnam. Effective from 25 April 2020, Decision No. 08, among other revisions, increase Feed-in-Tariffs…
Recent developments On 11 February 2020, the Politburo of Vietnam issued Resolution No. 55- NQ/TW on the orientation of the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045 (“Resolution No. 55”). Resolution No. 55 provides for the prioritization of fast and sustainable energy development, while…
Recent developments Following the resolutions of the National Assembly, the Government of Vietnam and the Party Committee under the Ministry of Industry and Trade (“MOIT”) for the implementation of transitional provisions of the new Master Planning Law, the MOIT recently issued Decision No. 329 officially setting out the principles and…
The Ministry of Natural Resources and Environment of Vietnam (“MONRE”) has recently released a new Draft Law on Environmental Protection (“Draft Law”) to replace the current 2014 Law on Environmental Protection (“Current Law”). 1 The Draft Law proposes, among other things, significant changes to current policies on climate change adaptation…
Recent developments The Ministry of Industry and Trade of Vietnam (MOIT) recently submitted Proposal No. 544 to the Prime Minister along with a new draft Decision on approval of the pilot program on direct power purchase agreement (DPPA) mechanisms between renewable energy developers/power generation companies and private power buyers/consumers (Draft…
Recent developments The Ministry of Industry and Trade of Vietnam (“MOIT”) recently released a draft Circular (“Draft Circular”) amending Circular No. 32 and Circular No. 06 on avoided cost tariff (“ACT”) mechanisms for small hydropower projects in Vietnam and the respective model power purchase agreement (“ACT PPA”). In relation to…