The Government of Vietnam has revised its National Power Development Plan (PDP8) through Decision 768 to address delays in offshore wind and coal projects, meanwhile, accelerating the development of LNG and nuclear power. As part of its amended PDP8, the government aims to build 15 LNG power plants by 2030, targeting 22,525 MW of LNG-generated capacity—approximately 9.5 per cent to 12.3 per cent of national capacity. Post-2035, no new LNG plants are planned.
To address implementation bottlenecks, the government issued Decree 56, introducing a fuel cost pass-through mechanism, revenue guarantees (65 per cent minimum offtake), and a capped 3-month timeframe for finalising contracts. These measures aim to improve investor confidence and speed up project execution, especially for BOT and multi-investor LNG infrastructure projects. Despite infrastructure and pricing challenges, LNG is positioned to become a cornerstone of Vietnam’s energy transition through 2050.