The Ministry of Industry and Trade in Vietnam has proposed updates to the country's Power Development Plan 8 (PDP 8) regarding solar and liquefied natural gas (LNG) power. For solar, the Ministry proposes continuing projects totaling 452.62MW already under construction and approving projects totaling 1,975.8MW that have been planned but not started yet by 2030. Projects totaling 4,136.25MW that are planned but not approved would be pushed back after 2030. For LNG, the Ministry affirms the need for the 23,900MW of LNG projects planned by 2030 in PDP 8 and proposes increasing LNG import targets to 14-18 billion cubic meters by 20

1. VIETNAM - POWER DEVELOPMENT PLAN 8 – UPDATE
We would like to share with you a Power and Energy-related update to PDP 8 as below:
The Ministry of Industry and Trade has just issued Official Letter No. 3787/BCT-DL to report to the
Prime Minister on the review of some contents of the PDP VIII. In this report, the Ministry of
Industry and Trade has made specific recommendations, wishing to be approved by the Prime
Minister. In specific:
Solar:
The Ministry of Industry and Trade proposes to continue to allow the implementation to be put into
operation in the period up to 2030 the projects, or the completed part of the project with a total
capacity of about 452.62MW and the planned projects have been approved by investors with a total
capacity of about 1,975.8MW but not yet operated.
The Ministry also noted that these projects need to comply with the legal provisions on investment,
and construction, closely follow the absorption capacity of the national power system and the ability
to release the capacity of the power grid; comply with the electricity price mechanism at the time of
operation, take responsibility for project efficiency according to the approved mechanism.
The Ministry of Industry and Trade also proposed to extend the progress of planned but unapproved
projects with a total capacity of 4,136.25MW to the period after 2030.
"Annually, review and calculate the absorption capacity of the national electricity system and the
ability to release local capacity and operate the economic safety of the system. In case of necessity,
consider reporting to the government for allowing push to the period before 2030 if other sources are
behind schedule to ensure electricity supply for the socio-economic development of the country and
take advantage of the increasingly cheap price of solar power"
LNG:
As for the LNG power planning, the Ministry of Industry and Trade affirmed that LNG projects
expected to develop in the PDP VIII to 2030 with a total capacity of 23,900MW (accounting for
16.4%) are necessary.
The demand for LNG imports is expected to be 14-18 billion m3 by 2030 and 13-16 billion m3 by
2045, higher than the target of Resolution 55-NQ/TW stated "Sufficient to import the LNG with the
capacity of about 8 billion m3 by 2030 and about 15 billion m3 by 2045".
The Ministry of Industry and Trade proposes the Prime Minister consider the need to seek the
guidance of the Politburo or the guidance of the Central Economic Committee on the above-
mentioned targets before approving the PDP VIII.

2. The Ministry of Industry and Trade also selected the high scenario in the Draft PDP VIII.
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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.