Vietnam's PDP8 Pause Is an Opportunity to Improve Market Structures
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Key Findings
Vietnam's Power Development Master Plan for 2021-2030 with a vision to 2045 (PDP8), was expected to be signed off at the end of March during the last days of Prime Minister Nguyen Xuan Phuc's administration, but it hit an unexpected delay. Rather than being a setback, however, this delay can be an opportunity for Vietnam's policymakers to reset and improve market structures
The approval process for finalizing PDP8 was extended through June, raising important questions about how policymakers will contend with the rapidly shifting energy sector landscape.
The key is to refine new strategies and improve market structures
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