VIETNAM – THE NATIONAL POWER DEVELOPMENT PLANNING 8 WILL NOT BE COMPLETED IN THE CURRENT GOVERNMENT TERM

In a letter issued by Prime Minister Nguyen Xuan Phuc to Deputy Prime Minister Trinh Dinh Dung, Ministry of Industry and Trade Minister Tran Tuan Anh and Central Government Office Minister Chairman Mai Tien Dung dated 18 March 2021, the Prime Minister expressed his concern that since the PDP 8 is still currently incomplete, it is difficult to promptly issue the National Power Development Planning 8 in the current government term. This is because there was a delay in the submission of the Draft PDP 8 by the MOIT, which was originally scheduled for October 2020, yet postponed until January 2021.

The 11th session of the 14th National Assembly of Vietnam will take place in 12 days, starting from 24 March 2021. The key purpose of this session is to elect a new President, Prime Minister and Chairman of the National Assembly of Vietnam. In other words, the fastest that the PDP 8 can be finalized is in April 2021.

In his letter, Prime Minister Nguyen Xuan Phuc highlighted the following points with regard to renewable energy and LNG development specifically:

– To concentrate urgently on the completion of PDP 8 in line with Politburo’s Resolution No.55 on the national energy development strategy orientation of Vietnam until 2030, with a vision to 2045, especially the development goals;

– Planning must ensure the principles of publicity, transparency, avoiding negativity and lobbying or bribery-related conducts. The Ministry of Industry and Trade Minister shall be fully responsible for this;

– The Central Government Office is in charge of written assignment of tasks, specifying the above-mentioned issues.

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For more information on the above, please do not hesitate to contact the author Dr. Oliver Massmann under omassmann@duanemorris.com. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC, Member to the Supervisory Board of PetroVietnam Insurance JSC and the only foreign lawyer presenting in Vietnamese language to members of the NATIONAL ASSEMBLY OF VIETNAM.