Vietnam's direct power purchase agreement marks green energy milestone

Vietnam enters the liberalized green energy market.(Photo: Vietnam's Ministry of Industry and Trade)

After seven years of deliberation, the Vietnamese government finally passed the "Direct Power Purchase Agreement" (DPPA) on the 3rd, allowing large electricity consumers to procure green energy directly from the national grid or independent grids, without having to go through the Vietnam Electricity (EVN) for transactions. And new law relaxes limits on the scale of electricity purchases. This milestone marks Vietnam's liberalization of green energy. Here are the four key points outlined by RECCESSARY regarding the officially passed DPPA legislation.