Vietnam’s electricity reforms: from supply security to a more investment-ready power market

Vietnam’s growth ambitions depend on electricity. Data centers, AI infrastructure, semiconductors and advanced manufacturing all need reliable, scalable power, and multinational investors increasingly need it to be renewable. Yet delays in generation projects, difficult power purchase agreement negotiations, and grid constraints have opened a gap between planned capacity and delivered electricity.

The Government’s response is a reform agenda that moves Vietnam towards a more flexible, commercially viable power system. The direction is clear. The challenge is turning reform into reliable electricity and investable opportunities.

Our new analysis examines three changes that matter most to businesses and investors:

1. More flexibility in securing electricity, as the direct power purchase agreement (DPPA) framework widens and licensed retailers gain a larger role
2. Faster project delivery, including the removal of an approval step that has taken up to a year in practice, and more scope for private investment in transmission
3. More commercially sustainable pricing, from unbundled contract prices to a renewable energy certificate market and time-of-use tariffs

For each, the analysis sets out what is changing, where the practical barriers remain, and what businesses should watch for as implementation unfolds.

Download the full report to understand what Vietnam’s electricity reforms mean for your investment and energy procurement decisions.