AmCham proposes changes to draft decree on direct power purchase agreement
The American Chamber of Commerce has proposed the removal of ceiling prices from the draft decree on the direct power purchase agreement (DPPA).
The draft decree includes a term that stipulates when the spot price is beyond the ceiling price set by authorities, the payment will be calculated per the ceiling price and consumption over a certain period. AmCham stressed that this rule would negate consumers’ ability to hedge spot prices.
In reply, the drafting team said it wanted to keep the term because it would reduce the risk for consumers when spot prices were too high, according to documents from the Ministry of Justice.
Da Mi floating solar power farm in Ninh Thuan province, central Vietnam. Photo courtesy of Nguoi Lao Dong (Laborer) newspaper.
AmCham also suggested that the draft decree should clarify terms related to the latest power development plan (PDP VIII). The chamber said that under PDP VIII, large solar power plants could only be developed after 2030 or per the previous PDP, restraining the development of solar power sector and DPPA. AmCham also recommended that authorities should discuss the possibility of amending PDP VIII.
In reply, the drafting team said it would consider changes to the draft decree.
Additionally, the U.S.-ASEAN Business Council stressed that the DPPA should provide participants with autonomy in implementation. For its part, the drafting team said the contract example in the draft decree was only for reference, and not an obligation to follow.
The Ministry of Industry and Trade has recently submitted its draft decree on the DPPA to the government for approval. The draft decree features five chapters, 50 terms, and five appendices. It has two types of power purchases via the national grid or via grids owned by DPPA participants.
- Related News
- Read More
Vietnam banking, retail, oil stocks well placed for market recovery: brokerages
Vietnamese banking, retail and oil-gas stocks are among the sectors best positioned to benefit from a potential market recovery after months of pressure from geopolitical tensions and macroeconomic headwinds, according to local brokerages.
Finance - Tue, June 16, 2026 | 1:04 pm GMT+7
Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies
State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.
Companies - Tue, June 16, 2026 | 12:20 pm GMT+7
Over 38% of Vietnamese businesses still face informal costs despite reforms: survey
More than 38% of businesses in Vietnam still pay informal charges, highlighting persistent gaps between regulatory reforms and their implementation, according to a survey by the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Tue, June 16, 2026 | 11:26 am GMT+7
China ready to expand railway, power connectivity with Vietnam: PM
China is prepared to strengthen railway cooperation and enhance power grid connectivity with Vietnam, thereby expanding logistics corridors, trade links, and energy cooperation, said Chinese Premier Li Qiang during a phone talk with his Vietnamese counterpart Le Minh Hung on Monday.
Economy - Tue, June 16, 2026 | 8:52 am GMT+7
VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment
Vietnam's benchmark VN-Index edged closer to the 1,800-point threshold on Monday as improving sentiment over easing tensions in the Middle East boosted risk appetite, driving gains in brokerage stocks while oil and Vingroup-related stocks weighed on the market.
Finance - Mon, June 15, 2026 | 8:34 pm GMT+7
Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules
Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.
Economy - Mon, June 15, 2026 | 6:48 pm GMT+7
VinEnergo ramps up renewable energy push with 4 new subsidiaries
VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.
Companies - Mon, June 15, 2026 | 4:52 pm GMT+7
Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam
Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.
Industries - Mon, June 15, 2026 | 4:01 pm GMT+7
UOB Vietnam appoints Pham Hong Hai as deputy country CEO
Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.
Banking - Mon, June 15, 2026 | 2:26 pm GMT+7
Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation
Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.
Banking - Mon, June 15, 2026 | 12:03 pm GMT+7
FDI listings a missing piece in Vietnam's stock market development
As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.
Finance - Mon, June 15, 2026 | 11:14 am GMT+7
Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam
Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.
Industries - Mon, June 15, 2026 | 8:00 am GMT+7
Long Thanh airport project faces shortage of 2,000 workers
The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.
Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7
Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations
Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.
Economy - Sun, June 14, 2026 | 2:45 pm GMT+7
Industrials, technology top Vietnamese sectors in M&A transaction volume
Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.
Consulting - Sun, June 14, 2026 | 9:00 am GMT+7
Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook
Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.
Companies - Sun, June 14, 2026 | 8:00 am GMT+7
