SlideShare a Scribd company logo
VIETNAM - LEGAL ALERT ON CIRCULAR PROVIDING REGULATIONS ON
METHOD TO FORMULATE POWER GENERATING TARIFF RANGES
On 1 November 2023, the Ministry of Industry and Trade (MOIT) issued Circular No. 19/2023/TT-BCT
providing regulations on the method to formulate power generating tariff ranges for solar and wind power
plants (Circular 19). In general, Circular 19 outlines guidelines for determining annual electricity
generation price frameworks for ground-mounted and floating solar power plants and onshore, nearshore
and offshore wind power plants (not including transitional power projects) and lays out the steps for creating
and implementing the tariff ranges and outlines the responsibilities of investors, regulatory bodies, and
pertinent parties like Vietnam Electricity (EVN). Circular 19 came into force on 19 December 2023 and,
accordingly, the first tariff ranges should be promulgated by the MOIT by the end of 2024 for year 2025.
While Circular 19 is one of the set of rules the MOIT is working on to put the Power Development Plan
VIII (PDP 8) to life, the MOIT and the Government are still working hard on the same. More specifically,
on 1 March 2024, the MOIT, again, submitted another draft on the Implementation Plan for the Power
Development Plan 8 as requested by the Government on 29 February 2024 under Report No. 1346/TTr-
BCT. It is worth noting that the draft is still structured with two phases implementation which the
Government rejected before. At the (almost) same time, On 4 March, MOIT signed a Decision to set up the
Drafting Committee and Editing Team for the Electricity Law revision. The Draft Amended Law on
Electricity (Draft Law) is on track for public consultation by the end of March 2024. Once reviewed by
MOJ, the Draft Law will be submitted to the Government for consideration and decision whether to submit
the finalized the Draft Law to the National Assembly. As statted in the MOIT’s work plan, the submission
of the Draft Law to the Government is scheduled to happen in July 2024. This submission, if endorsed by
the Government, must occur no later than 30 days before the opening of the 8th session of the 15th National
Assembly, which takes place in October 2024. It is expected that all of the relevant regulations under the
Circular 19 and the PDP 8 will become much clearer and enforceable after the issuance of the
Implementation Plan and the Amended Law on Electricity.
For further details, Circular 19 regulates the following key provisions:
1. Methods for determining pricing framework
Circular 19 lays out the formula for determining the upper limit of the tariff range (the “Ceiling Price”).
Every year, the MOIT will establish and publish Ceiling Price for every category of power plant, using a
formula specified in Circular 19. Overall, the method for solar and wind power plants follows the same
general structure: the Ceiling Price will be determined by applying the Standard Power Plant's generation
cost, which will be determined using either actual or hypothetical data and the methodology specified in
Circular 19. In which:
· Standard Power Plant is regulated as a solar or wind power
plant (i) being implemented in line with the Power Development
Plan; (ii) has investor(s) selected for the project; (iii) has common
capacity; (iv) has not entered into any Power Purchase Agreement;
(v) is representative of the relevant technology/system. Since
Circular 19 is silent on the definition of "common" or
"representative" for the aforementioned purposes, it is likely up to
EVN's judgment. EVN is tasked under Circular 19 with choosing
Standard Power Plants.
· Tariff range: There will be separated tariff ranges for each
region of Vietnam with regard to solar power projects developed by
reference to the average irradiation levels in each different region.
Every year, the MOIT will develop and publish official tariff ranges.
The most recent tariff ranges may be temporarily in effect if the tariff
ranges for a certan year are not published in a timely manner.
· Ceiling Price: The Ceiling Price is calculated with the formula
as below
P = FC + FOMC
In which:
P: power generating tariff (Dong/kWh);
FC: average fixed costs (Dong/kWh); and
FOMC: fixed O&M costs (Dong/kWh).
while
I. Average Fixed Costs (FC): Circular 19
introduces a formula for determining the average fixed costs of
a Standard Power Plant. This component serves the purpose of
investment recovery and is derived from annual converted
investment capital and the projected average electrical energy
delivered by the Standard Power Plant over time.
Generally, FC is calculated according to the (not including VAT) for construction of the
Standard Power Plant, calculated per year (in Vietnamese Dong) (TC) and the average
projected delivered power for a number of years of the Standard Power Plant (E) as
follows:
TC
FC = ------------
E
and
II. Fixed Operation and Maintenance Costs
(FOMC): This element, serving to recover major repair costs
and annual operation and maintenance expenses, is determined
through a formula considering the fixed total cost for operation
and maintenance of the power plant and the average forecast
annual electrical energy delivery.
FOMC are calculated in accordance with the following formula:
TCFOMC
FOMCMT
= ------------
E
whereby TCFOMC is the total fixed O&M costs of the Standard Power Plant is calculated based
on the investment rate (Dong/kWp), the total installed capacity of the Standard Power Plant
and the ratio of the fixed O&M costs over the total investment capital costs for each type of
power plant, based on data provided by consultants engaged by EVN.
2. Step-by-step procedure for promulgation of tariff ranges
Step 1: By 1 November each year, EVN must (i) propose the selection Standard Power Plants; (ii) carry
out calculation or hire a consulting firm to select a set of parameters and to calculate the Ceiling Price; (iii)
set up an application dossier and submit the same to the Electricity Regulatory Authority of Vietnam
(ERAV).
Step 2: After receiving the dossier from EVN, ERAV has five working days to review it for validity and
appropriateness. If required, ERAV will submit a request for EVN to amend, add to, or clarify the
application's content. EVN is required to provide an explanatory report as requested by ERAV within 15
working days of the request date. ERAV will arrange for an evaluation of the tariff ranges that EVN has
recommended if the dossier is legitimate and the explanatory report is adequate, and this will happen within
20 working days of the dossier's arrival. If required, ERAV may confer with the impacted parties (such as
pertinent solar or wind power facilities) or an advisory board formed by the MOIT.
Step 3: ERAV is required to suggest that the MOIT take into consideration approving the Tariff Ranges for
the following year and post them on ERAV's website within 15 working days after the appraisal date. The
most recent tariff ranges may be temporarily in effect if the tariff ranges for the next year are not announced
in time.
3. Conclusion and recommended action plan
The stated goal of MOIT Circular 19 is to offer a clear and methodical process for establishing pricing
frameworks for wind and solar power generation after the FiT regime. The goals of Circular 19's standards
are to guarantee sustainability, efficiency, and justice in the nation's growth of renewable energy projects.
The Circular seeks to lay a strong basis for the sustained expansion of Vietnam's solar and wind power
industries by defining precise rules and processes. Although these are admirable and significant objectives,
there is still much to be decided in order to facilitate the development of greenfield projects, most notably
regarding investor selection restrictions and PPA conditions.
With regard to investment into the power sector of Vietnam, it is highly recommended that investors make
necessary moves as soon as possible to reap benefits from the PDP 8 and its guiding documents, i.e. Circular
19. Regarding foreign investment protection vis-a-vis Vietnam Government, the Investor State Dispute
Settlement (ISDS) will ensure highest standards of legal certainty and enforceability and protection for
foreign investors in Vietnam. We recommend foreign investors to carefully select the special purpose
vehicle (SPV) to represent its investment in Vietnam to enjoy the legal certainty given by the ISDS
mechanism since it is going to be applied under the Comprehensive and Progressive Agreement for Trans-
Pacific Partnership (CPTPP). Under such provision of the CPTPP, for investment related disputes, the
investors have the right to bring claims to the host country by means of international arbitration. The
arbitration proceedings shall be made public as a matter of transparency in conflict cases.
In addition, all decision of the ISDS tribunal is directly enforceable in Vietnam and offshore against
Vietnam. That is a level of legal certainty that never existed before in Vietnam. It is a game changer for
bankability of transactions. By setting up entities falling under the protection of ISDS mechanism under the
CPTPP, investors can enjoy maximum legal protection from the CPTPP while investing in power sector in
Vietnam.
***
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.

More Related Content

Similar to VIETNAM - LEGAL ALERT ON CIRCULAR PROVIDING REGULATIONS ON METHOD TO FORMULATE POWER GENERATING TARIFF RANGES

Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
Dr. Oliver Massmann
 
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
Dr. Oliver Massmann
 
Renewable Energies in Argentina. The Outlook.
Renewable Energies in Argentina. The Outlook.Renewable Energies in Argentina. The Outlook.
Renewable Energies in Argentina. The Outlook.
Florencia Ortiz Freuler
 
Options analysis for private sector investment into Vietnam’s transmission ne...
Options analysis for private sector investment into Vietnam’s transmission ne...Options analysis for private sector investment into Vietnam’s transmission ne...
Options analysis for private sector investment into Vietnam’s transmission ne...
OECD Environment
 
Tariff policy of India: Salient Points
Tariff policy of India: Salient Points Tariff policy of India: Salient Points
Tariff policy of India: Salient Points
Amitava Nag
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
Dr. Oliver Massmann
 
Tariff policy
Tariff policyTariff policy
Tariff policy
Anil Kumar
 
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
Dr. Oliver Massmann
 
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
Dr. Oliver Massmann
 
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
electricitygovernance
 
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR AND WIND POWER PROJECTS
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR  AND WIND POWER PROJECTSVIETNAM – NEW PRICING FRAMEWORK FOR SOLAR  AND WIND POWER PROJECTS
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR AND WIND POWER PROJECTS
Dr. Oliver Massmann
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
Dr. Oliver Massmann
 
Renewable energy
Renewable energyRenewable energy
Renewable energy
Dr. Oliver Massmann
 
Draft Feed-In Tariffs
Draft Feed-In TariffsDraft Feed-In Tariffs
Draft Feed-In Tariffs
Adeoye Adefulu
 
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
Dr. Oliver Massmann
 
Tariff based competitive bidding for intra state trans. projects
Tariff based competitive bidding for intra state trans. projectsTariff based competitive bidding for intra state trans. projects
Tariff based competitive bidding for intra state trans. projects
Amitava Nag
 
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
Dr. Oliver Massmann
 
Vietnam Solar Power Development
Vietnam Solar Power Development Vietnam Solar Power Development
Vietnam Solar Power Development
Minh Duong
 
td_arr.pdf
td_arr.pdftd_arr.pdf
td_arr.pdf
JoulewiseCorporate
 
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
Dr. Oliver Massmann
 

Similar to VIETNAM - LEGAL ALERT ON CIRCULAR PROVIDING REGULATIONS ON METHOD TO FORMULATE POWER GENERATING TARIFF RANGES (20)

Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
Vietnam – Power Energy Action Plan – With Outlook on the Major Trade Agreemen...
 
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
VIETNAM - DIRECT POWER PURCHASE AGREEMENTS (DPPA) - Latest development - What...
 
Renewable Energies in Argentina. The Outlook.
Renewable Energies in Argentina. The Outlook.Renewable Energies in Argentina. The Outlook.
Renewable Energies in Argentina. The Outlook.
 
Options analysis for private sector investment into Vietnam’s transmission ne...
Options analysis for private sector investment into Vietnam’s transmission ne...Options analysis for private sector investment into Vietnam’s transmission ne...
Options analysis for private sector investment into Vietnam’s transmission ne...
 
Tariff policy of India: Salient Points
Tariff policy of India: Salient Points Tariff policy of India: Salient Points
Tariff policy of India: Salient Points
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
LAWYER IN VIETNAM DR. OLIVER MASSMANN - VIETNAM – WHY YOU SHOULD INVEST IN RE...
 
Tariff policy
Tariff policyTariff policy
Tariff policy
 
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
LAWYER IN VIETNAM DR.OLIVER MASSMANN VIETNAM – INVESTORS MUST BID TO DEVELOP ...
 
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
Lawyer in Vietnam Dr. Oliver Massmann -Domestic carbon markets in Vietnam and...
 
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
A Presentation on the Regulatory Regime for Renewable Energy Projects in Andh...
 
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR AND WIND POWER PROJECTS
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR  AND WIND POWER PROJECTSVIETNAM – NEW PRICING FRAMEWORK FOR SOLAR  AND WIND POWER PROJECTS
VIETNAM – NEW PRICING FRAMEWORK FOR SOLAR AND WIND POWER PROJECTS
 
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
LAWYER IN VIETNAM DR. OLIVER MASSMANN HOW TO DEVELOP SOLAR PROJECTS IN VIETNAM?
 
Renewable energy
Renewable energyRenewable energy
Renewable energy
 
Draft Feed-In Tariffs
Draft Feed-In TariffsDraft Feed-In Tariffs
Draft Feed-In Tariffs
 
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
VIETNAM: DIRECT POWER PURCHASE AGREEMENTS (DPPA) AND SOLAR ROOFTOP- UPDATING ...
 
Tariff based competitive bidding for intra state trans. projects
Tariff based competitive bidding for intra state trans. projectsTariff based competitive bidding for intra state trans. projects
Tariff based competitive bidding for intra state trans. projects
 
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...
 
Vietnam Solar Power Development
Vietnam Solar Power Development Vietnam Solar Power Development
Vietnam Solar Power Development
 
td_arr.pdf
td_arr.pdftd_arr.pdf
td_arr.pdf
 
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
VIETNAM – SOLAR POWER - FINAL DRAFT DECISION ON SOLAR POWER FEED-IN-TARIFFS (...
 

More from Dr. Oliver Massmann

Data Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
Data Privacy Laws in Vietnam - The Basics & Guidance For Practical HandlingData Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
Data Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
Dr. Oliver Massmann
 
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
Dr. Oliver Massmann
 
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
Dr. Oliver Massmann
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Dr. Oliver Massmann
 
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTSVIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
Dr. Oliver Massmann
 
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
Dr. Oliver Massmann
 
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
Dr. Oliver Massmann
 
OMassmann - Investment into the grid and transmission system in Vietnam (2024...
OMassmann - Investment into the grid and transmission system in Vietnam (2024...OMassmann - Investment into the grid and transmission system in Vietnam (2024...
OMassmann - Investment into the grid and transmission system in Vietnam (2024...
Dr. Oliver Massmann
 
Vietnam's Plan for Implementation of PDP8 – Key Highlights
Vietnam's Plan for Implementation of PDP8 – Key HighlightsVietnam's Plan for Implementation of PDP8 – Key Highlights
Vietnam's Plan for Implementation of PDP8 – Key Highlights
Dr. Oliver Massmann
 
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
Dr. Oliver Massmann
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Dr. Oliver Massmann
 
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
Dr. Oliver Massmann
 
Vietnam's National Energy Development Strategy – Key Highlights
Vietnam's National Energy Development Strategy – Key HighlightsVietnam's National Energy Development Strategy – Key Highlights
Vietnam's National Energy Development Strategy – Key Highlights
Dr. Oliver Massmann
 
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
Dr. Oliver Massmann
 
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
Dr. Oliver Massmann
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Dr. Oliver Massmann
 
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
Dr. Oliver Massmann
 
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
Dr. Oliver Massmann
 
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
Dr. Oliver Massmann
 
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
Dr. Oliver Massmann
 

More from Dr. Oliver Massmann (20)

Data Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
Data Privacy Laws in Vietnam - The Basics & Guidance For Practical HandlingData Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
Data Privacy Laws in Vietnam - The Basics & Guidance For Practical Handling
 
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
YOU ARE WARMLY INVITED - Solar & Storage Live Vietnam 2024
 
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
 
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTSVIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTS
 
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
Vietnam - Global Water Intelligence interviewing Dr. Oliver Massmann on persp...
 
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
Anwalt in Vietnam Dr. Oliver Massmann - Vietnam's Plan für die Implementierun...
 
OMassmann - Investment into the grid and transmission system in Vietnam (2024...
OMassmann - Investment into the grid and transmission system in Vietnam (2024...OMassmann - Investment into the grid and transmission system in Vietnam (2024...
OMassmann - Investment into the grid and transmission system in Vietnam (2024...
 
Vietnam's Plan for Implementation of PDP8 – Key Highlights
Vietnam's Plan for Implementation of PDP8 – Key HighlightsVietnam's Plan for Implementation of PDP8 – Key Highlights
Vietnam's Plan for Implementation of PDP8 – Key Highlights
 
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
 
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
ANWALT IN VIETNAM DR. OLIVER MASSMANN RECHTLICHER HINWEIS ZUM RUNDSCHREIBEN M...
 
Vietnam's National Energy Development Strategy – Key Highlights
Vietnam's National Energy Development Strategy – Key HighlightsVietnam's National Energy Development Strategy – Key Highlights
Vietnam's National Energy Development Strategy – Key Highlights
 
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...
 
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
ANWALT IN VIETNAM DR OLIVER MASSMANN MÖGLICHE RATIFIZIERUNG DES ÜBEREINKOMMEN...
 
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...
 
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
Anwalt in Vietnam Dr. Oliver Massmann- Franchising – Eine Strategie als Schlü...
 
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
POTENTIAL RATIFICATION OF CONVENTION 87 OF THE INTERNATIONAL LABOUR ORGANIZAT...
 
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
KEY TASKS SET OUT BY THE PRIME MINISTER FOR THE YEAR 2024 AND THE EMERGING MA...
 
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
Lawyer in Vietnam Dr. Oliver Massmann - Doing Business and Getting Deals Done...
 

Recently uploaded

The Future of Criminal Defense Lawyer in India.pdf
The Future of Criminal Defense Lawyer in India.pdfThe Future of Criminal Defense Lawyer in India.pdf
The Future of Criminal Defense Lawyer in India.pdf
veteranlegal
 
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
gjsma0ep
 
Corporate Governance : Scope and Legal Framework
Corporate Governance : Scope and Legal FrameworkCorporate Governance : Scope and Legal Framework
Corporate Governance : Scope and Legal Framework
devaki57
 
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
15e6o6u
 
Lifting the Corporate Veil. Power Point Presentation
Lifting the Corporate Veil. Power Point PresentationLifting the Corporate Veil. Power Point Presentation
Lifting the Corporate Veil. Power Point Presentation
seri bangash
 
Genocide in International Criminal Law.pptx
Genocide in International Criminal Law.pptxGenocide in International Criminal Law.pptx
Genocide in International Criminal Law.pptx
MasoudZamani13
 
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
CIkumparan
 
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Sangyun Lee
 
The Work Permit for Self-Employed Persons in Italy
The Work Permit for Self-Employed Persons in ItalyThe Work Permit for Self-Employed Persons in Italy
The Work Permit for Self-Employed Persons in Italy
BridgeWest.eu
 
From Promise to Practice. Implementing AI in Legal Environments
From Promise to Practice. Implementing AI in Legal EnvironmentsFrom Promise to Practice. Implementing AI in Legal Environments
From Promise to Practice. Implementing AI in Legal Environments
ssusera97a2f
 
It's the Law: Recent Court and Administrative Decisions of Interest
It's the Law: Recent Court and Administrative Decisions of InterestIt's the Law: Recent Court and Administrative Decisions of Interest
It's the Law: Recent Court and Administrative Decisions of Interest
Parsons Behle & Latimer
 
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
Massimo Talia
 
PPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx llPPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx ll
MohammadZubair874462
 
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdfV.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
bhavenpr
 
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
SKshi
 
Integrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
Integrating Advocacy and Legal Tactics to Tackle Online Consumer ComplaintsIntegrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
Integrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
seoglobal20
 
San Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at SeaSan Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at Sea
Justin Ordoyo
 
What are the common challenges faced by women lawyers working in the legal pr...
What are the common challenges faced by women lawyers working in the legal pr...What are the common challenges faced by women lawyers working in the legal pr...
What are the common challenges faced by women lawyers working in the legal pr...
lawyersonia
 
Receivership and liquidation Accounts Prof. Oyedokun.pptx
Receivership and liquidation Accounts Prof. Oyedokun.pptxReceivership and liquidation Accounts Prof. Oyedokun.pptx
Receivership and liquidation Accounts Prof. Oyedokun.pptx
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
Search Warrants for NH Law Enforcement Officers
Search Warrants for NH Law Enforcement OfficersSearch Warrants for NH Law Enforcement Officers
Search Warrants for NH Law Enforcement Officers
RichardTheberge
 

Recently uploaded (20)

The Future of Criminal Defense Lawyer in India.pdf
The Future of Criminal Defense Lawyer in India.pdfThe Future of Criminal Defense Lawyer in India.pdf
The Future of Criminal Defense Lawyer in India.pdf
 
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
 
Corporate Governance : Scope and Legal Framework
Corporate Governance : Scope and Legal FrameworkCorporate Governance : Scope and Legal Framework
Corporate Governance : Scope and Legal Framework
 
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
在线办理(UNE毕业证书)新英格兰大学毕业证成绩单一模一样
 
Lifting the Corporate Veil. Power Point Presentation
Lifting the Corporate Veil. Power Point PresentationLifting the Corporate Veil. Power Point Presentation
Lifting the Corporate Veil. Power Point Presentation
 
Genocide in International Criminal Law.pptx
Genocide in International Criminal Law.pptxGenocide in International Criminal Law.pptx
Genocide in International Criminal Law.pptx
 
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf. 2015pmkemenhub163.pdf
 
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
 
The Work Permit for Self-Employed Persons in Italy
The Work Permit for Self-Employed Persons in ItalyThe Work Permit for Self-Employed Persons in Italy
The Work Permit for Self-Employed Persons in Italy
 
From Promise to Practice. Implementing AI in Legal Environments
From Promise to Practice. Implementing AI in Legal EnvironmentsFrom Promise to Practice. Implementing AI in Legal Environments
From Promise to Practice. Implementing AI in Legal Environments
 
It's the Law: Recent Court and Administrative Decisions of Interest
It's the Law: Recent Court and Administrative Decisions of InterestIt's the Law: Recent Court and Administrative Decisions of Interest
It's the Law: Recent Court and Administrative Decisions of Interest
 
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...
 
PPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx llPPT-Money Laundering - lecture 5.pptx ll
PPT-Money Laundering - lecture 5.pptx ll
 
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdfV.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
V.-SENTHIL-BALAJI-SLP-C-8939-8940-2023-SC-Judgment-07-August-2023.pdf
 
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
Presentation (1).pptx Human rights of LGBTQ people in India, constitutional a...
 
Integrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
Integrating Advocacy and Legal Tactics to Tackle Online Consumer ComplaintsIntegrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
Integrating Advocacy and Legal Tactics to Tackle Online Consumer Complaints
 
San Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at SeaSan Remo Manual on International Law Applicable to Armed Conflict at Sea
San Remo Manual on International Law Applicable to Armed Conflict at Sea
 
What are the common challenges faced by women lawyers working in the legal pr...
What are the common challenges faced by women lawyers working in the legal pr...What are the common challenges faced by women lawyers working in the legal pr...
What are the common challenges faced by women lawyers working in the legal pr...
 
Receivership and liquidation Accounts Prof. Oyedokun.pptx
Receivership and liquidation Accounts Prof. Oyedokun.pptxReceivership and liquidation Accounts Prof. Oyedokun.pptx
Receivership and liquidation Accounts Prof. Oyedokun.pptx
 
Search Warrants for NH Law Enforcement Officers
Search Warrants for NH Law Enforcement OfficersSearch Warrants for NH Law Enforcement Officers
Search Warrants for NH Law Enforcement Officers
 

VIETNAM - LEGAL ALERT ON CIRCULAR PROVIDING REGULATIONS ON METHOD TO FORMULATE POWER GENERATING TARIFF RANGES

  • 1. VIETNAM - LEGAL ALERT ON CIRCULAR PROVIDING REGULATIONS ON METHOD TO FORMULATE POWER GENERATING TARIFF RANGES On 1 November 2023, the Ministry of Industry and Trade (MOIT) issued Circular No. 19/2023/TT-BCT providing regulations on the method to formulate power generating tariff ranges for solar and wind power plants (Circular 19). In general, Circular 19 outlines guidelines for determining annual electricity generation price frameworks for ground-mounted and floating solar power plants and onshore, nearshore and offshore wind power plants (not including transitional power projects) and lays out the steps for creating and implementing the tariff ranges and outlines the responsibilities of investors, regulatory bodies, and pertinent parties like Vietnam Electricity (EVN). Circular 19 came into force on 19 December 2023 and, accordingly, the first tariff ranges should be promulgated by the MOIT by the end of 2024 for year 2025. While Circular 19 is one of the set of rules the MOIT is working on to put the Power Development Plan VIII (PDP 8) to life, the MOIT and the Government are still working hard on the same. More specifically, on 1 March 2024, the MOIT, again, submitted another draft on the Implementation Plan for the Power Development Plan 8 as requested by the Government on 29 February 2024 under Report No. 1346/TTr- BCT. It is worth noting that the draft is still structured with two phases implementation which the Government rejected before. At the (almost) same time, On 4 March, MOIT signed a Decision to set up the Drafting Committee and Editing Team for the Electricity Law revision. The Draft Amended Law on Electricity (Draft Law) is on track for public consultation by the end of March 2024. Once reviewed by MOJ, the Draft Law will be submitted to the Government for consideration and decision whether to submit the finalized the Draft Law to the National Assembly. As statted in the MOIT’s work plan, the submission of the Draft Law to the Government is scheduled to happen in July 2024. This submission, if endorsed by the Government, must occur no later than 30 days before the opening of the 8th session of the 15th National Assembly, which takes place in October 2024. It is expected that all of the relevant regulations under the Circular 19 and the PDP 8 will become much clearer and enforceable after the issuance of the Implementation Plan and the Amended Law on Electricity. For further details, Circular 19 regulates the following key provisions: 1. Methods for determining pricing framework Circular 19 lays out the formula for determining the upper limit of the tariff range (the “Ceiling Price”). Every year, the MOIT will establish and publish Ceiling Price for every category of power plant, using a formula specified in Circular 19. Overall, the method for solar and wind power plants follows the same general structure: the Ceiling Price will be determined by applying the Standard Power Plant's generation cost, which will be determined using either actual or hypothetical data and the methodology specified in Circular 19. In which: · Standard Power Plant is regulated as a solar or wind power plant (i) being implemented in line with the Power Development Plan; (ii) has investor(s) selected for the project; (iii) has common capacity; (iv) has not entered into any Power Purchase Agreement; (v) is representative of the relevant technology/system. Since
  • 2. Circular 19 is silent on the definition of "common" or "representative" for the aforementioned purposes, it is likely up to EVN's judgment. EVN is tasked under Circular 19 with choosing Standard Power Plants. · Tariff range: There will be separated tariff ranges for each region of Vietnam with regard to solar power projects developed by reference to the average irradiation levels in each different region. Every year, the MOIT will develop and publish official tariff ranges. The most recent tariff ranges may be temporarily in effect if the tariff ranges for a certan year are not published in a timely manner. · Ceiling Price: The Ceiling Price is calculated with the formula as below P = FC + FOMC In which: P: power generating tariff (Dong/kWh); FC: average fixed costs (Dong/kWh); and FOMC: fixed O&M costs (Dong/kWh). while I. Average Fixed Costs (FC): Circular 19 introduces a formula for determining the average fixed costs of a Standard Power Plant. This component serves the purpose of investment recovery and is derived from annual converted investment capital and the projected average electrical energy delivered by the Standard Power Plant over time. Generally, FC is calculated according to the (not including VAT) for construction of the Standard Power Plant, calculated per year (in Vietnamese Dong) (TC) and the average projected delivered power for a number of years of the Standard Power Plant (E) as follows: TC FC = ------------ E
  • 3. and II. Fixed Operation and Maintenance Costs (FOMC): This element, serving to recover major repair costs and annual operation and maintenance expenses, is determined through a formula considering the fixed total cost for operation and maintenance of the power plant and the average forecast annual electrical energy delivery. FOMC are calculated in accordance with the following formula: TCFOMC FOMCMT = ------------ E whereby TCFOMC is the total fixed O&M costs of the Standard Power Plant is calculated based on the investment rate (Dong/kWp), the total installed capacity of the Standard Power Plant and the ratio of the fixed O&M costs over the total investment capital costs for each type of power plant, based on data provided by consultants engaged by EVN. 2. Step-by-step procedure for promulgation of tariff ranges Step 1: By 1 November each year, EVN must (i) propose the selection Standard Power Plants; (ii) carry out calculation or hire a consulting firm to select a set of parameters and to calculate the Ceiling Price; (iii) set up an application dossier and submit the same to the Electricity Regulatory Authority of Vietnam (ERAV). Step 2: After receiving the dossier from EVN, ERAV has five working days to review it for validity and appropriateness. If required, ERAV will submit a request for EVN to amend, add to, or clarify the application's content. EVN is required to provide an explanatory report as requested by ERAV within 15 working days of the request date. ERAV will arrange for an evaluation of the tariff ranges that EVN has recommended if the dossier is legitimate and the explanatory report is adequate, and this will happen within 20 working days of the dossier's arrival. If required, ERAV may confer with the impacted parties (such as pertinent solar or wind power facilities) or an advisory board formed by the MOIT. Step 3: ERAV is required to suggest that the MOIT take into consideration approving the Tariff Ranges for the following year and post them on ERAV's website within 15 working days after the appraisal date. The most recent tariff ranges may be temporarily in effect if the tariff ranges for the next year are not announced in time.
  • 4. 3. Conclusion and recommended action plan The stated goal of MOIT Circular 19 is to offer a clear and methodical process for establishing pricing frameworks for wind and solar power generation after the FiT regime. The goals of Circular 19's standards are to guarantee sustainability, efficiency, and justice in the nation's growth of renewable energy projects. The Circular seeks to lay a strong basis for the sustained expansion of Vietnam's solar and wind power industries by defining precise rules and processes. Although these are admirable and significant objectives, there is still much to be decided in order to facilitate the development of greenfield projects, most notably regarding investor selection restrictions and PPA conditions. With regard to investment into the power sector of Vietnam, it is highly recommended that investors make necessary moves as soon as possible to reap benefits from the PDP 8 and its guiding documents, i.e. Circular 19. Regarding foreign investment protection vis-a-vis Vietnam Government, the Investor State Dispute Settlement (ISDS) will ensure highest standards of legal certainty and enforceability and protection for foreign investors in Vietnam. We recommend foreign investors to carefully select the special purpose vehicle (SPV) to represent its investment in Vietnam to enjoy the legal certainty given by the ISDS mechanism since it is going to be applied under the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP). Under such provision of the CPTPP, for investment related disputes, the investors have the right to bring claims to the host country by means of international arbitration. The arbitration proceedings shall be made public as a matter of transparency in conflict cases. In addition, all decision of the ISDS tribunal is directly enforceable in Vietnam and offshore against Vietnam. That is a level of legal certainty that never existed before in Vietnam. It is a game changer for bankability of transactions. By setting up entities falling under the protection of ISDS mechanism under the CPTPP, investors can enjoy maximum legal protection from the CPTPP while investing in power sector in Vietnam. *** 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.