This resolution outlines mechanisms and policies, including: adjustments to the power development master plan, grid development schemes within provincial plans, investment in power projects, offshore wind power development, direct power purchase agreements, and investment in oil, gas, and coal projects.
Notably, the resolution expands the scope of entities eligible to participate in direct power purchase mechanisms to include retail electricity units in industrial zones, information technology zones, high-tech agricultural zones, urban areas, and free trade zones.
 The National Assembly votes to approve the Resolution on mechanisms and policies for national energy development from 2026 to 2030. Photo: QH |
The resolution does not apply to projects under the purview of the Steering Committee established by Decision No. 751 dated April 11, 2025, of the Prime Minister.
Cases Eligible for Power Master Plan Adjustments
The resolution clearly defines cases eligible for adjustments to the National Power Development Master Plan for the 2021-2030 period, with a vision to 2050, and grid development schemes within provincial plans for the same period.
These include: implementation under agreements between the Vietnamese Government and foreign partners; adjustments to power source projects and battery storage projects (name, capacity, timeline, administrative location, etc.); addition of power source projects to compensate for or replace delayed or canceled projects; and addition of battery storage projects to enhance system operation capabilities.
Additionally, adjustments to the number of projects in the power development master plan, grid development schemes within provincial plans, or adjustments to grid projects also fall under this category.
Regarding authority, the Minister of Industry and Trade approves adjustments to the power development master plan and reports to the Prime Minister. Provincial People’s Committee Chairpersons approve adjustments to grid development schemes within provincial plans, report to the Prime Minister, and notify the Ministry of Industry and Trade for monitoring.
Adjustments to the master plan do not require a strategic environmental assessment. Investment projects in grid infrastructure within the power development master plan or provincial grid schemes are exempt from investment approval procedures.
Cases exempt from land use right auctions and investor selection tenders include: national/regional power system control center projects; offshore wind power projects as specified in the resolution; investors with land use rights or approved land use agreements for power projects; and urgent projects.
Encouraging Private Investment in Small Modular Reactors
Regarding small modular reactors (SMRs), the resolution encourages state-owned and private enterprises to participate in research, investment, and development. This must ensure nuclear security and safety, in line with atomic energy regulations. The Government will issue investment mechanisms tailored to each period.
On the morning of December 11, the National Assembly voted to approve several laws and resolutions. Photo: QH |
For offshore wind power, companies may use their own funds for project surveys and can expense these costs if they do not win the bid.
Offshore wind power projects selling electricity to the national grid, scheduled for operation between 2025 and 2030, may receive investment approval and investor approval without undergoing auctions or tenders. However, projects must meet conditions related to national defense, security, sovereignty, and marine environment.
The Prime Minister approves the investment. Electricity prices must not exceed the maximum level of the offshore wind power price framework at the time of negotiation.
Expanding Direct Power Purchase Participants
Under this mechanism, electricity prices (via private or national grids) are negotiated between the seller and buyer. Eligible participants now include retail electricity units in industrial zones, high-tech zones, urban areas, and free trade zones.
For critical national oil, gas, and coal projects, investors are exempt from investment approval procedures. If master plans change, land clearance for ongoing projects may continue concurrently.
Provincial People’s Committee Chairpersons approve investors for critical oil, gas, and coal projects or projects in sensitive national defense areas (based on proposals from 100% state-owned enterprises).
The resolution takes effect from March 1, 2026.
REPORTING TEAM
– 12:29 11/12/2025
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