On March 1, 2026, a power development resolution passed by the Vietnamese National Assembly on December 11, 2025 will officially come into effect. This decision, numbered 253, is widely regarded as a key turning point in the development of Vietnam's new energy industry, marking a new stage of systematic promotion of the country's energy structure transformation and investment environment optimization.

Locking in electricity prices and speeding up approval processes

The core of this resolution is to implement a electricity price locking mechanism and significantly simplify the approval process. According to the resolution, the winning electricity price for new energy projects is determined as the final electricity price, and the signing period of the power purchase agreement is explicitly compressed to within 30 days. At the same time, the resolution has lowered the investment entry threshold for key areas such as offshore wind power and power grid projects, and allowed eligible large power users to directly negotiate purchase prices with power generation companies. These measures directly respond to the core pain points faced by foreign investors in Vietnam in the past, such as long negotiation cycles for electricity prices and high uncertainty in project development, aiming to provide a clear, stable, and predictable investment return framework for domestic and foreign capital.

Systematically building an industrial ecosystem

The content of the resolution is not a single policy, but a systematic design around the four pillar areas. Firstly, the overall planning and clarification of the national power development plan provide a roadmap for the development of various power sources. Secondly, the reform of the electricity pricing mechanism has established a more market-oriented pricing and trading foundation. The third is the relaxation and optimization of investment access conditions, especially for strategic areas such as offshore wind power. The fourth is the formulation of implementation rules specifically for the development management, grid connection, and electricity pricing mechanism of offshore wind power projects. These four aspects together form an industrial ecosystem aimed at accelerating the implementation of new energy projects, ensuring grid consumption, and promoting technological upgrades. Keywords: New Energy Network, New Energy Information

Open a five-year growth window period

The resolution is valid until December 31, 2030, providing a stable policy window for the rapid development of Vietnam's new energy market from 2026 to 2030. Industry analysis generally believes that the resolution will significantly enhance Vietnam's attractiveness in the regional and even global new energy investment market by reducing institutional transaction costs and investment risks, and is expected to trigger a wave of investment enthusiasm covering wind power, photovoltaics, supporting power grids, and related manufacturing industries. It not only accelerates Vietnam's own energy transformation process, but also creates clear business opportunities for international equipment suppliers, engineering contractors, and financial investors.Editor/Gao Xue