Vietnam’s Ministry of Industry and Trade (MOIT) on 20 May 2022 released a revised draft decision on the proposed direct power purchase agreement (DPPA) pilot scheme for stakeholder consultation (May 2022 Draft Decision). Vietnam is seeking to implement a DPPA pilot scheme which, for the first time, will enable renewable energy generators to sell clean electricity to private offtakers via a contract for difference (CfD)/virtual power purchase agreement (PPA) arrangement. In our legal update here, we discussed the legislative background and status of the DPPA pilot scheme, changes made under the May 2022 Draft Decision (compared to the two most recent draft legislative instruments on the pilot scheme), and the impact of the pilot scheme.
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