VIETNAM - POWER DEVELOPMENT PLAN 8 - IMPLEMENTATION

1. VIETNAM - POWER DEVELOPMENT PLAN 8 - IMPLEMENTATION
On 26 January 2024, the Ministry of Industry and Trade (the “MOIT”) delivers Letter No.
644/TTr-BCT (“Letter 644”) to the Vice Prime Minister – Mr. Tran Hong Ha – regarding the
proposal for the issuance of the Implementation Plan for the National Power Development Master
Plan VIII for the period 2021-2030, with a vision to 2050 (the “Implementation Plan”). We would
like to highlight some key notes of the Letter 644 Implementation Plan as below:
(i) To approve the Implementation Plan in two (02) phases whereby the first phase will mainly
cover the the list of important and prioritized power source and power grid projects together with
the list of wind power projects, small hydropower, biomass power, electricity produced from
waste, etc. which meets the criteria set out in the instructions, the types of power sources that meet
the criteria to be developed. The second phase will cover the approval of the list of wind power
projects, small hydropower, biomass power, electricity produced from waste, etc. not falling not
meeting the criteria to be included in the first phase after being reviewed and re-proposed by the
competent authority.
(ii) The Implementation Plan will consist of nine (09) chapters, including the following key
provisions (a) Forecast of electricity demand; (b) Investment plan for the power sectors; (c) Land
use requirements; and (d) Solutions and resources to conduct the Implementation Plan.
(iii) The list of important and prioritized electricity projects determined based on criteria and
justifications outlined in Decision No. 500/QD-TTg is as follows:
(a) LNG thermal power with a total capacity of 22,400 MW (Table 1 in Appendix III of Letter
644);
(b) Coal-fired thermal power with a total capacity of 30,127 MW (Table 2 in Appendix III of Letter
644);
(c) Co-generation, residual heat utilization, blast furnace gas, and by-products with a total capacity
of 2,700 MW (Table 4 in Appendix III of Letter 644);
(d) Domestic gas-fired thermal power with a total capacity of 14,930 MW (Table 5 in Appendix
III of Letter 644);
(e) Hydropower with a total capacity of 29,346 MW, including medium and large projects (Table
6 in Appendix III of Letter 644);
(f) Tidal hydropower with a total capacity of 2,400 MW (Table 7 in Appendix III of Letter 644).
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Please do not hesitate to contact Dr. Oliver Massmann at omassmann@duanemorris.com if you
have any questions. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.