Vietnam Vietnam Publishes Decree Guiding the Implementation of Mechanisms and Policies for National Energy Development for the 2026–2030 Period

Vietnam Energy Climate Change
29 September 2026  AOKI Kenji  AOKI Kenji (EnviX, Ltd.)
Vietnam Publishes Decree Guiding the Implementation of Mechanisms and Policies for National Energy Development for the 2026–2030 Period

On July 4, 2026, the Vietnamese Government issued Decree No. 272/2026/NĐ-CP guiding the implementation of Resolution No. 253/2025/QH15 on mechanisms and policies for national energy development for the 2026–2030 period. This Decree is effective from July 4, 2026, through December 31, 2030. The Resolution provides detailed regulations on several notable aspects regarding offshore wind power development and power grid investment projects:

  • Requirements for survey firms conducting offshore wind power projects
  • Eligibility requirements for enterprises and application documents for approval of investment policies for offshore wind power projects;
  • Approval of investors for power grid investment projects.

 

Eligibility requirements for entities conducting surveys for offshore wind power projects

A survey entity is an organization requesting the allocation of a marine area for surveying purposes to support the development of an offshore wind power project.

Requirements Supporting Documents
Minimum equity capital of 1 billion VND per MW of offshore wind power for which a marine area is requested for survey. At least one of the following documents:

  • Audited financial statements for the two most recent years;
  • A financial support commitment from the parent company; –
  • Other documents demonstrating financial capacity
Meet the conditions and capabilities specified in Article 26 of Decree 58/2025/ND-CP, as amended and supplemented by Article 2.18 of Decree 243/2026/ND-CP
  •  A proposal for conducting survey activities to support the development of a wind power project, including certain mandatory contents. The proposed capacity and offshore area must be consistent with the power development master plan or the implementation plan for that master plan.
  • A commitment to use domestic suppliers’ labor, goods, and services to implement the project
  • Written approval from the Ministry of National Defense (MOD), the Ministry of Public Security (MPS), the Ministry of Industry and Trade (MOIT), and the Ministry of Foreign Affairs (MOFA)
A commitment not to request reimbursement of expenses, except in cases where the survey entity is an enterprise with 100% state-owned charter capital. Commitment Letter

 

Conditions for enterprises preparing the dossier to request approval of the investment policy for an offshore wind power project

  • Have equity capital of no less than 20% of the project’s total investment capital and a commitment to secure financing for the remaining portion;
  • In cases where the enterprise is a foreign investor or an economic organization with foreign investment:
    • Involvement of a state-owned enterprise or an enterprise in which a state-owned enterprise holding 100% of the charter capital holds more than 50% of the charter capital or total voting shares; and the proportion of charter capital or total voting shares in the economic organization implementing the project is ≥ 5%
    • There is a written consensus opinion from MOD, MPS, and MOFA.
    • A commitment to use domestic suppliers for labor, goods, and services.
    • The investment capital contribution ratio in the project is ≥ 15%.
  • In the case of a domestic enterprise with no foreign investor as a member or shareholder, the investment capital contribution ratio must be ≥5%.

 

Application dossier for approval of the investment policy for an offshore wind power project selling electricity to the national power grid

Projects expected to operate in period of 2025 – 2030 Projects expected to operate in period of 2031 – 2035
In addition to the provisions of the Investment Law, the application dossier must include the following contents:

  • Estimated area, location of the marine zone, and survey timeline (for projects without existing on-site survey results) or the proposed location, coordinates, and area of the marine zone to be used for the investment project (for projects with existing on-site survey results);
  •  Research data or collected data on the proposed area, including: wind speed, topographical conditions, geological conditions; preliminary meteorological and hydrographic conditions; proposed port arrangements for transporting offshore wind power project equipment;
  • Preliminary plan for grid connection;
  • Proposed project implementation milestones
 In addition to the provisions of the Investment Law, the application dossier must include the following:

  • Proposed location, coordinates, and area of the maritime zone to be used for the investment project;
  • Actual field data from the surveyed marine area, including: wind speed, topographic conditions, geological conditions; meteorological and hydrographic conditions, oceanographic conditions; proposed plan for the port used to transport equipment for the offshore wind power project;
  • A preliminary plan for grid connection;
  • Proposed project implementation milestones

 

Approval of the Power Grid Project Investor

Procedure Implementation Method
Submit the application for approval

 

 Submit one set of documents, including:

  • Application letter: Form No. 01, Appendix
  • Legal status documents
  • Documents proving financial capacity: At least one of the following copies:
    • Financial statements for the last two years;
    • Financial support commitment from the parent company;
    • Financial support commitment from a financial institution;
    • Financial capacity guarantee from the investor
    • Other documents

 

Submission location:

  • The Provincial People’s Committee where the project is implemented
  •  The Provincial People’s Committee where the starting point of the power line, as named in the project’s master plan, is located if the project crosses two or more provinces or centrally administered cities.

 

Submission method:

  • In person; or
  • By mail; or
  • Through the province/city’s administrative procedure processing information system
Approval process and procedures
  • Within 10 working days from the date of receipt of the application, issue a written request for additional documentation if the application is incomplete or invalid
  • Within 20 working days from the date of receipt of a complete and valid application, the Provincial People’s Committee shall:
    • Issue a Decision approving the investor in line with Form No. 02, Annex; or
    • Provide a written response regarding non-approval and state the reasons

 

Thus, Decree No. 272/2026/ND-CP contributes to improving the legal framework for offshore wind power development. The Decree establishes strict regulations regarding the conditions and financial capacity required of entities conducting surveys and investing in offshore wind power. These requirements will help enhance project transparency and feasibility while screening for investors’ actual capabilities. At the same time, the requirement to commit to using domestic suppliers’ labor, goods, and services will promote the participation of Vietnamese businesses, thereby gradually developing the supply chain and domestic capabilities for the offshore wind power sector.

 

 

Reference Link
https://vanban.chinhphu.vn/?pageid=27160&docid=218787

Author / Responsibility

AOKI Kenji

Senior Consultant, EnviX Ltd.
General Director, E&H Consulting Co., Ltd.

Business Performance

Expertise in EHS (environment, health and safety) consulting in ASEAN region.
- Environmental regulations updating
- Chemical regulations consulting

Background

MSc in Earth Science, The University of Tokyo

AOKI Kenji