After more than 2 years of consultation, the long-awaited Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg. The approval of PDP8 will heavily influence the development of green energies in Vietnam and guide Vietnam toward the objective of reaching net-zero emissions by 2050. PDP8 will also have an impact on the adoption of the use of green energy technologies for both industrial and non-industrial applications. At a glance, USD134.7 billion is the total investment for the development of energy plans for the period from 2021 to 2030.
Currently, we are conducting in-depth research and analysis on the PDP8 and more detailed information of the PDP8 will be updated by us in the coming day to keep you informed.
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Please do not hesitate to contact Dr. Oliver Massmann at omassmann@duanemorris.com in case you need more analysis on the PDP8. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.