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Vietnamese energy expert Dao Nhat Dinh pointed out that no major power projects have broken ground in the country for the past three years. (Photo: iStock)
Vietnam’s energy transition is anchored in three core policy frameworks: the National Power Development Plan (PDP8), Direct Power Purchase Agreement (DPPA), and the Just Energy Transition Partnership (JETP). However, businesses continue to face major barriers in implementing power-related projects.
The Ministry of Industry and Trade (MOIT) has asked local governments to compile project data to support future regulatory process improvements.
Legal hurdles stall power investment
At a recent energy transition forum co-hosted by the Vietnam Petroleum Association and state-owned Petrovietnam, multiple experts pointed to persistent regulatory barriers. Four key challenges for power project development were highlighted:
