- The Vietnamese government issued Notice No. 92/TB-VPCP finalizing the National Power Development Plan for 2021-2030 (PDP VIII). Deputy Prime Minister Le Van Thanh directed the Ministry of Industry and Trade to finalize PDP VIII. - PDP VIII must contribute to Vietnam's commitment to reach net zero emissions by 2050 and follow a green, circular economy. For solar projects already in the previous plan but not implemented, MOIT must review purchase prices and efficiency. - MOIT will review solar capacity already planned but not implemented due to inefficiency, and consider adjustments. Rooftop solar that follows regulations and does not exploit mechanisms will have its consumption balanced, excluding 7,755

1. Vietnam - Power Development Plan 8 - Finalizing the plan - what you must
know:
On 31 March 2022, the Government Office issued Notice No. 92/TB-VPCP on the conclusion
of the Cabinet at the meeting on finalizing the National Power Development Plan for the 2021
- 2030 period, with a vision to 2045 (PDP VIII). Deputy Prime Minister Le Van Thanh is in
charge of directing the Ministry of Industry and Trade to finalize Power Planning VIII to soon
organize a conference with localities on its content and implement the next procedures in April
2022.
Key points in the Notice include:
- PDP VIII must make an important contribution to the implementation of Vietnam’s
commitment to bring net emissions to "zero" by 2050, closely following the development of a
green and circular economy
- For solar power projects already included in the revised Power Master Plan VII but not yet
implemented: MOIT must provide the criteria and conditions for electricity purchase price,
economic efficiency, stability of the national power system, etc. and report to the Government
Standing Committee for consideration and decision but must ensure consistency with the
criteria and principles of the new PDP.
MOIT to thoroughly review the transfer of solar power capacity already included in the revised
Power Master Plan VII but have not yet been implemented and do not meet the economic
efficiency targets, especially the electricity purchase price, to consider adjusting the planning.
- For rooftop solar power that has been invested, if it is in accordance with regulations, for the
right purposes, and does not take advantage of the mechanism for profit: MOIT, EVN and the
Committee for Management of State Capital at Enterprises to calculate the balance for
electricity consumption (not including the capacity of 7,755 MW of rooftop solar power into
the data of total power capacity in the planning).
- For the policy of nuclear power development to ensure long-term energy security and ensure
the energy conversion process, MOIT to continue research and report to the competent
authorities for consideration and comments – this shall not be included in the calculation in the
PDP VIII.
- Development must gears towards an independent and self-sufficient economy, improving the
autonomy of the energy industry, minimizing dependence on foreign countries. This is directly
related to the duty of maximizing and rationally exploiting primary energy resources in the
country for electricity production such as natural gas, wind energy, solar energy, ocean
waves...; at the same time, balance the use of imported LNG sources reasonably.
- To reduce long-distance power transmission and reduce investment
in interregional transmission grids.
Please do not hesitate to contact Dr. Oliver Massmann under omassmann@duanemorris.com if
you have any questions or want to know more details on the above. Dr. Oliver Massmann is
the General Director of Duane Morris Vietnam LLC.